You can do what you want but 84 months on a car payment is a bad idea.
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04-16-2017, 03:19 AM | #46 (permalink) |
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You can do what you want but 84 months on a car payment is a bad idea.
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04-16-2017, 01:23 PM | #47 (permalink) |
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Credit score 757, income same as OP. Less living expenses on east coast VB. Bought at 17k mile 2012 sport at the end of '16 for $21.5 which I think was private party excellent condition at the time & mine certainly qualified as excellent. No imperfections save the beginnings of cracking on my Amuse wing. Came with full amuse kit, ark, nismo Cai, Z1 oil cooler and an uprev tune was told approx 322hp but don't have the paperwork for that part.
Hope this helps give some insight to OP. I put $6k down & financed through a credit union which put my interest at 3%. IDK what the set up is with your payments or if this is common but with Navy Fed, if I overpay by I a full payment it pushes my due date out a month.. so I'm currently sitting at like a $278 payment without another payment due till October and I bet I'm getting a pretty comparable experience to you when it comes to enjoying a small piece of Z history Sent from my SM-G935V using Tapatalk |
04-16-2017, 01:27 PM | #48 (permalink) |
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We're happy for you to have a Z and I Commend you for your open original post
but we all wanna TP the house of the ******* that burnt you on the finance aspect of it & wish you had been less impulsive and considered wether or not new or used would've made a lick of difference. Or slammed on the brakes the moment you heard 12% interest. I'd be pissed with that kind of interest rate on a luxury item like a boat.. Sent from my SM-G935V using Tapatalk |
04-16-2017, 04:10 PM | #49 (permalink) |
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12% for 72 months and you want us to be happy for you?
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04-16-2017, 10:45 PM | #50 (permalink) | ||
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04-17-2017, 09:30 AM | #51 (permalink) | |
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If your APR and loan remain unchanged (not refinanced), approximately 30% of the total loan will have gone to interest payments. If you financed an extended warranty, sales tax, fees, etc., then this percentage increases. Include $725 car payment + $X on car insurance + $X on monthly fuel/etc, and that takes a rather large chunk out of your ability to save for a home (or other purposes). There is a term called "house poor." The same thing applies to cars. You are now car poor. The reality is, you are now spending over $1,000 a month on a single vehicle. Said another way, after you deduct taxes from your annual salary (compare apples to apples - your actual take home pay), you are spending upwards of 25% of your annual salary on a car. For a house payment, there is what is known as the "28% rule." Granted, this rule is for "gross income" rather than take-home pay; however, you are nearly exceeding that rule, and for a car.
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04-17-2017, 09:37 AM | #52 (permalink) | |
A True Z Fanatic
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You can't save them all. Some people's entire reason for existing on this planet is to provide cautionary tales for others to learn from.
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04-17-2017, 10:44 AM | #53 (permalink) |
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Back in other news...someone will get a great deal on a Nismo like this: 2013 White Nismo $26k.
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