Originally Posted by Zaggeron Here is a biased timeline for when you should have a Z. 1. 18-22 -- rich or parents bought it for you. Go for it 2.
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10-09-2010, 05:13 PM | #46 (permalink) | |
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10-09-2010, 05:14 PM | #47 (permalink) |
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10-09-2010, 06:04 PM | #48 (permalink) | |
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Finance=downpayment. Financing is cheaper, when you weigh interest-rates against deflation and how long it would take to save $40K. With the low APR's you can get, why throw money away saving it and fighting inflation? Not only that, but you delay a cheaper gratification in favor of a more expensive one. Last edited by ImportConvert; 10-09-2010 at 06:07 PM. |
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10-09-2010, 06:06 PM | #49 (permalink) | |
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10-09-2010, 08:15 PM | #50 (permalink) |
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Nope, not too old. I'm 55 and have always driven some type of performance car and hopefully always will. To me though, a Corvette driven by guys in their mid-40's to mid-50's says "mid-life crisis". My neighbor is 72 and has a twin turbo 300Z plus a G35 with a Stillen intake and some type of aftermarket exhaust system, and every time he sees me in the driveway washing my 370Z he comes over and tells me he's thinking of trading in the G35 for a new Z.
When I was younger my nightmare was to have to own a minivan with child seats and now my nightmare is to have to own a grandpa car like a Buick or Oldsmobile. Don't listen to your buddy. Test drive a Z, if you like it buy it and don't look back. And by the way, I get lots of compliments from 30-something soccer moms about my car, I think it doesn't have the negative connotation that a 'Vette has when they see a guy in their '50s driving one. |
10-09-2010, 08:30 PM | #51 (permalink) |
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Get it you will love it. Can't drive it when your dead.....
I don't care if your 18 or 88 are how anyone paid for it thats personal. As long as you show respect to others on the road to each his own... By the way my next one will be the vette.... |
10-09-2010, 11:08 PM | #52 (permalink) | |
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I think it's ok to finance, but putting down like 3-5k on a 40,000 dollar car is not enough... I personally pay cash for everything I buy, but I'm kinda weird like that. |
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10-10-2010, 12:35 AM | #53 (permalink) |
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Never 2 old
Go for it. I'm 55, last summer I sold my pristine Porsche 911 Targa that I owned for the last 8 years and bought a 370Z Nismo. I couldn't be happier I love everything about the Z.
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10-10-2010, 08:32 AM | #56 (permalink) |
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[QUOTE=sonic370;758778]Get it you will love it. Can't drive it when your dead.....
QUOTE] What!?! Are you sure? I'm pretty sure the sales guys at the dealership said I could
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10-10-2010, 09:46 AM | #59 (permalink) |
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interest rates are so low, that unless you would otherwise have the cash you would put into your Z wisely invested (and lets face it a lot of people are just staying in cash right now because of the volatility in the market), you're not going to be earning much on it. The idea of holding onto the cash and eaerning <1% on it in a savings account and taking on a loan for 4%-5%+ doesn't seem to make financial sense.
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10-10-2010, 09:54 AM | #60 (permalink) | |
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I think 20% down including TTL on invoice price is good to go. My bank agrees. I wish I could afford to buy stuff all cash, but I am 24 and not established in life. I would rather get hosed for $5-8K on interest financing my car and then have bullet credit from making consistant payments for 72mo so that when I buy a house I am looking at a much larger savings because I bit the bullet on the car payment, soaked up the 5-8K interest, and got a GREAT APR on the house/land because of it. Further, if I bite the bullet on a new Z06, pay it off, by then the C7 Z06 will be otu for 2-3 years and be refined, and I can trade in the C6, and walk out with a 20-30K note on the C7Z. I end up paying peanuts for a car-note on a C7Z, finance for a short period of time, wash, rinse, repeat until I am down to trading in every 2 years and not hurting myself at all hardly with something like a $2-300 note on it each time. It's getting STARTED in life that is so expensive. |
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