Sitting here at Nissan

cptspeed · 10-03-2010, 03:09 PM

Quote:

Originally Posted by cmdjing

I would advise against spending thousands on aftermarket accessories if I knew the financial situation of the buyer was perilous, but I don't as people don't generally include their FICO scores in their signatures.

The thread starter however did mention that she had negative equity in her car (and still paying off an 05 Neon no less!) and that her significant other was very much against this purchase. Keep in mind that she does not actually own her present car. The bank owns it, she has simply agreed to take out a very large loan and pay it back at substantial interest for the privilege of driving it.

There is a difference between buying a house and buying a car. For one thing, a house generally doesn't lose 20% of it's value the moment you walk in the door. Nor does it's value depreciate to zero within two decades. Then again, considering the zombified state of the American real estate market and the impacts it has had on the financial sector, a good number of people probably should not have been purchasing houses to begin with. A house is not for everyone and it's price is not guaranteed to go up forever no matter what the commission driven real estate agents might insist. I would have thought people would have learned this the hard way after the ponzi scheme of selling granite counter tops and stainless steel appliances with shitty houses at inflated prices collapsed but apparently not. For some people, it makes more sense to rent as there are opportunity costs involved in taking out a home loan that most people will not understand. Such is the financial illiteracy of the average American that when I tell people this, all I usually get is a slack jawed stare.

I agree that original poster didn't come come here asking for financial advice. She came here seeking validation from others (fools) in her failed attempt to make a very foolish decision. Unlike some men, I'm not here to white knight every random woman on the internet and am willing to speak truth to power. In this case, I'm not telling her what she wants to hear, I'm telling her what she needs to hear.

If that makes me square or "dad"-like at the ripe old age of 27, then so be it.

We are both right.

WarmAndSCSI · 10-03-2010, 03:20 PM

Quote:

Originally Posted by ThoriumHotdog

She's moving up from a base to a touring/sport. Almost a completely different beast.

SophiaZ, play up the safety aspect of the limited slip and upgraded brakes.

Safety first!!!

There's no "safety" advantage in either of those upgrades - and neither of them is good under moderate-to-heavy track use. The base brakes WILL stop your car within +/- 5 ft of the sport brake package in a single-stop, panic-type stopping situation. Guaranteed. AKA waste of money.

The only reason I'd pay for the Sport package is for the wheels and SRM on the 6MT.

ThoriumHotdog · 10-03-2010, 03:29 PM

Quote:

Originally Posted by WarmAndSCSI

There's no "safety" advantage in either of those upgrades - and neither of them is good under moderate-to-heavy track use. The base brakes WILL stop your car within +/- 5 ft of the sport brake package in a single-stop, panic-type stopping situation. Guaranteed. AKA waste of money.

The only reason I'd pay for the Sport package is for the wheels and SRM on the 6MT.

But will HE know that?

When I said "play" it up I meant exactly that.

nuTinmuch · 10-03-2010, 04:18 PM

Quote:

Originally Posted by cmdjing

I would advise against spending thousands on aftermarket accessories if I knew the financial situation of the buyer was perilous, but I don't as people don't generally include their FICO scores in their signatures.

The thread starter however did mention that she had negative equity in her car (and still paying off an 05 Neon no less!) and that her significant other was very much against this purchase. Keep in mind that she does not actually own her present car. The bank owns it, she has simply agreed to take out a very large loan and pay it back at substantial interest for the privilege of driving it.

There is a difference between buying a house and buying a car. For one thing, a house generally doesn't lose 20% of it's value the moment you walk in the door. Nor does it's value depreciate to zero within two decades. Then again, considering the zombified state of the American real estate market and the impacts it has had on the financial sector, a good number of people probably should not have been purchasing houses to begin with. A house is not for everyone and it's price is not guaranteed to go up forever no matter what the commission driven real estate agents might insist. I would have thought people would have learned this the hard way after the ponzi scheme of selling granite counter tops and stainless steel appliances with shitty houses at inflated prices collapsed but apparently not. For some people, it makes more sense to rent as there are opportunity costs involved in taking out a home loan that most people will not understand. Such is the financial illiteracy of the average American that when I tell people this, all I usually get is a slack jawed stare.

I agree that original poster didn't come come here asking for financial advice. She came here seeking validation from others (fools) in her failed attempt to make a very foolish decision. Unlike some men, I'm not here to white knight every random woman on the internet and am willing to speak truth to power. In this case, I'm not telling her what she wants to hear, I'm telling her what she needs to hear.

If that makes me square or "dad"-like at the ripe old age of 27, then so be it.

I think I love you.

nuTinmuch · 10-03-2010, 04:21 PM

Quote:

Originally Posted by ThoriumHotdog

But will HE know that?

When I said "play" it up I meant exactly that.

Doubleposting, but yes, have her use deception to make an irresponsible choice. This is a great idea.

Z_ealot · 10-03-2010, 05:37 PM

so goes the saying "just because you can do something, doesnt mean you should" is the way i would sum it up. i universally agree with jing on this one though and i'm the same age as him lol

NEWTOY370Z · 10-03-2010, 06:51 PM

Quote:

Originally Posted by atx370z

I would've came home with a new car if i was you, but im the type of person that does whatever the F i want.

Unless he helps pay for the car, I say go back to the dealership and get it. Tell your husband to get over it or take a fkn hike. If he wants a divorce, hit me up. Ill be your rebound.

Wow, this is one sound financial advice. Why don't you just tell her to get two, one Blue and one White and screw the family finances. If you were in her shoes, are you sure you can do this to your significant other?
I guess I have to ask: Does Sophia even have a job?

SophiaZ · 10-03-2010, 06:57 PM

Just to make everything a bit clear as far as my finances goes.... yes I do have a major rollover from purchasing my last car. Yes, I can afford a new for for only a few bucks more a month EVEN if I will have a longer term again. This does not bother me and it will not make my well run dry. I just purchased a 1/4 mil dollar house 3 months ago and my husband pays for it...just like the last house we owned. All I have to do is pay my car note, insurance & and his), and take care of my dogs and he says he's fine with that cuz " he only wants me to be happy and feel free to buy what I want" So this is the only problem..he wants me to be happy but I can't buy this car?! Just confused abit.
Also, I do like putting simple mods into my Z, but I won't go over the top with thousands of dollars invested. That would be a waste in the long run since if you ever change your mind..when you go to sell something, you won't get nearly as much back as when it was new (Just like a car, I KNOW.)
I'm just enjoying myself, living MY life how I want, playing the game with blood, sweat, and tears. That is what I want.... and I'm enjoying every minute.
OH..and I'm no "CHILD"..I'm older than you

SophiaZ · 10-03-2010, 06:58 PM

Quote:

Originally Posted by NEWTOY370Z

I guess I have to ask: Does Sophia even have a job?

Of course I have a job..been in the pharmaceutical business for 9 years.

SmoothZ · 10-03-2010, 07:00 PM

Quote:

Originally Posted by SophiaZ

OH..and I'm no "CHILD"..I'm older than you

That doesn't mean you're more mature. From what I've read, you have a lot to learn from life.

daleks · 10-03-2010, 07:05 PM

Quote:

Originally Posted by SophiaZ

I just purchased a 1/4 mil dollar house 3 months ago and my husband pays for it...just like the last house we owned.

You don't own a house if you make payments on it. Also, you didn't purchase it if someone else makes the payments on it.

Best. Financial. Advice. Thread. Evar.

AtomicRob · 10-03-2010, 07:21 PM

LOL! This is a train wreck in progress.

Trips · 10-03-2010, 07:27 PM

This has gone long enough!!

AK370Z · 10-03-2010, 07:35 PM

Quote:

Originally Posted by SophiaZ

^^ haha.....no I currently have the Black base model with many add-ons. I seen the Blue in person a month ago and fell in love.!

Is this my Blue Z that saw in person

? haha

Good luck with the purchase. Life's short. If Monterey Blue is what you want, then go for it! After talking to you that day for half an hour, I realized you're one of those girl who gets what you want. So, I won't even talk you out of it!

I do want to say that Monterey blue is much easier to maintain compare to black. However, I do maintain my car. You saw my Z very shinny because I cleaned the day before. Much better than black but you still need to maintain it.

10-03-2010, 07:27 PM	#88 (permalink)
Trips Administrator Join Date: May 2009 Location: Disneyland, Ca Posts: 8,730 Drives: 🔰 Rep Power: 10	This has gone long enough!! __________________

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10-03-2010, 05:37 PM	#81 (permalink)
Z_ealot A True Z Fanatic Join Date: Sep 2010 Location: Albuquerque, NM Posts: 2,045 Drives: 09 370Z Touring/Sprt Rep Power: 10091	so goes the saying "just because you can do something, doesnt mean you should" is the way i would sum it up. i universally agree with jing on this one though and i'm the same age as him lol

10-03-2010, 06:57 PM	#83 (permalink)
SophiaZ A True Z Fanatic Join Date: Dec 2009 Location: South Jersey Posts: 1,463 Drives: 2020 50th anniv 7AT Rep Power: 6732	Just to make everything a bit clear as far as my finances goes.... yes I do have a major rollover from purchasing my last car. Yes, I can afford a new for for only a few bucks more a month EVEN if I will have a longer term again. This does not bother me and it will not make my well run dry. I just purchased a 1/4 mil dollar house 3 months ago and my husband pays for it...just like the last house we owned. All I have to do is pay my car note, insurance & and his), and take care of my dogs and he says he's fine with that cuz " he only wants me to be happy and feel free to buy what I want" So this is the only problem..he wants me to be happy but I can't buy this car?! Just confused abit. Also, I do like putting simple mods into my Z, but I won't go over the top with thousands of dollars invested. That would be a waste in the long run since if you ever change your mind..when you go to sell something, you won't get nearly as much back as when it was new (Just like a car, I KNOW.) I'm just enjoying myself, living MY life how I want, playing the game with blood, sweat, and tears. That is what I want.... and I'm enjoying every minute. OH..and I'm no "CHILD"..I'm older than you

10-03-2010, 07:21 PM	#87 (permalink)
AtomicRob Base Member Join Date: Sep 2010 Location: Kernersville, NC Posts: 40 Drives: 10 Nissan 370z P A7 Rep Power: 15	LOL! This is a train wreck in progress.