Age of 370Z owners?

Originally Posted by Pelican170

I know many people who save to buy a car. It makes much more sense to do than paying interest rates. I understand the credit point you are trying to make but there are other ways to improve your credit, that will not cost you extra money such as interest charges, but as you mentioned, it will make your credit jump if you need it. In my area, there was no options to purchase these cars for 0% what so ever. I also looked at Porsche's, but the only ones i like are the higher models which would mean i would be making payments forever, and I just don't see the point in that myself. Id rather pay it off as quickly as possible and begin saving for the next big purchase down the road... it really all comes down to each individual and what they are capable of doing..

Originally Posted by ImportConvert

I tried boosting my credit via cutting my credit/debt ratio, credit-card use/paying off, etc etc.

I gained a whopping 8 points in over half a year.

That just seemed slow to me, so I financed a car.

Originally Posted by Pelican170

I understand your point. I just like to have the cash over the credit, but my credit isnt a problem so maybe my view would be different otherwise...

Originally Posted by ImportConvert

If I had $70K laying around, believe me, I would have paid cash instead. Sadly, at age 25, that wasn't something I had to spend much time pondering, lol!

Originally Posted by Pelican170

lol understandable. I was saving for years and years for another sports car. Havent had one since my 97 GST Eclipse that i got rid of in 03. So Ive been saving and saving not really knowing when or what I wanted to buy. Then i stumbled across the 370z's and new i had to have one hahaha.

In the long run of things, its either car payments or house payments or some sort of payments your going to incur. lol

Originally Posted by ImportConvert

I understand, but you paid an average of roughly 3% "interest" on the money you were saving, while someone else paid 3.25% interest on a car they actually had. Inflation's a bitch. Finance!
Annual Inflation Chart

Originally Posted by Pelican170

Thats an interesting way to look at it, but no, i didnt lost anything. I have investments... and besides, I havent heard of anyone getting a 3% interest rate on their loan. Usually a bit higher for these cars from what I have seen... Who knows, maybe its different elsewhere...

Originally Posted by Pelican170

Thats an interesting way to look at it, but no, i didnt lost anything. I have investments... and besides, I havent heard of anyone getting a 3% interest rate on their loan. Usually a bit higher for these cars from what I have seen... Who knows, maybe its different elsewhere...