Sitting here at Nissan

IDZRVIT

I'm stuck here in the Dear Abby forum. Can someone direct me back to the 370Z forum?

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"America.... still builds rockets!"
Vette: 355 cid, 400 rwhp
'13 CTS-V Coupe: 6.2L LSA, 556HP

SophiaZ

Boo-hoo. I hope u find ur way, just follow the yellow brick road

cmdjing

I cannot believe just how many irresponsible children there are on the board urging someone on to make a financially self destructive impulse purchase.

If you already have negative equity on your present car, there is no way in hell you should be buying another one (the same car no less with some fancy bits and a different color).

"It's just another $6 dollars a month!" No it is not just another six thousand dollars a month. Figuring in your monthly payments made on your existing car as well as the down payment, you've probably already paid close to 10k that you will never get back.

A car is not an asset, it is a liability. Borrowing money and paying interest on a constantly depreciating item is stupid and irresponsible which is exactly why car dealers love to do financing, because they see a sucker. I would recommend saving all your pennies and buying every car with cash in full but the majority of Americans no longer seem to have any self control.

I'm sure you don't appreciated to be lectured on the internet by a complete stranger but do yourself a favor and listen to what your husband says. He actually has your interests at heart as opposed to the car dealership.

NEWTOY370Z

I'm sure you fell in love with your Black Z, that's why you bought it. A year later another color is "calling your name" and you want to trade-in your beloved Z. How about next year when another color calls your name again... Hmmmmmmm. I'm sure you have a job to support this hobby.

cptspeed

If it makes you happy and and you can afford it, tell everyone to shut it.

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FI CBE, 20" forged specialties rims, swift springs, boston subs, kicker amp, focal components

Z_ealot

Personally i wouldn't get another car if i was still paying on the current one i have, kinda just seems that you would be going backwards on that. From personal experience it's not something i would ever want to do again, when i first started driving my first car was a 2002 Altima 2.5 that i really enjoyed, but i got suckered into trading it in for a 2005 Altima 3.5 and because i didnt know about negative equity at the time i ended up owing close to $40k on a car that should have only cost a little above $20k. Long story short i ended up having to have the 3.5 altima repo'd a few years later and thats why im stuck with a chevy cobalt LS for the time being. Trust me going into the hole with debt is absolutely not worth it just cause you see something you want and have the means to get it, but if you can truly afford it and are able to make the payments to get it out from under you then by all means do what you want.

cptspeed

Modding your 40K car with 5k rims, 4k body kit, 3k stereo , oil cooler, exhaust etc.. is not being finacially responsible either but I don't hear a ton of people advising against that. How about buying a house, should we save up for that too or just live with the fact that after 30 years we will pay double the purchase price because of interest. Come on give her a break. She didn't even ask for financial advice or marital advice for that matter. You guys are acting like her father. And women just love that don't they.

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FI CBE, 20" forged specialties rims, swift springs, boston subs, kicker amp, focal components

CruiZe

I might have a man crush on you.

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!!!

speedoflife

I'll take your black Z... you can even take the mods off. And leave the dog hair in; I don't care. I'll give you my Pontiac that I'll be driving for about 7 more years in return! Then you can be wishing you hadn't taken the Z for granted. And you can lube the ISS every 20k miles because it's a flawed design. And you can have put over $2,000 into repairs into a car that has less than 30k miles on it, has been meticulously maintained, and driven responsibly. And you can fall in love with a 4 speed slushbox and FWD all over again. And you'll love the 24 MPG highway because it weighs 3,600 lbs. And all the while you'll wish for your black Z back...
(don't take me wrong, I love my car and am very thankful to have it--I'm just making a point)

speedoflife

but i want blue dammit

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.

atx370z

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.

tonybui

American