What are your monthly payments?

XPNSD IT · 11-15-2013, 12:50 PM

In 2011 09 Sport for 27K, 5K down no credit (First time buyer) no cosigner, was at 615 monthly @ 17.49%

, refinanced earlier this year, now at $450 @ 2.79% since I built up my credit. 42 months left! Now time to get 09 Infiniti FX45.

marty31 · 11-15-2013, 01:51 PM

Quote:

Originally Posted by onzedge

I tried to buy a new car with cash one time -- actual cash, in twenties.

They had a fit when I pulled out all the bills. It was the same reaction I would expect if I had pulled out a rattlesnake or something. They had no idea what to do with it and it took 4 different people to work on the problem.

Why would somebody (you) do that? I assume you weren't trying to be a ****.

onzedge · 11-15-2013, 02:03 PM

Quote:

Originally Posted by marty31

Why would somebody (you) do that? I assume you weren't trying to be a ****.

It was my first new car and I thought that was how one did it.

Mt Tam I am · 11-15-2013, 02:54 PM

Quote:

Originally Posted by onzedge

It was my first new car and I thought that was how one did it.

It makes sense to me*. Good for all debts public and private. They should simply ask you to fill out an 8300 form and accepted it. Since I hate filling those things out, I write a check and leave.

One time, on a Saturday/Sunday, I told them I don't have enough money in my account so I'll need a couple hours on Monday to make it good, and they were fine with that. Personally I'd of prefered cash over a possible problem check, as they did not know me.

*That is alot of 20's alright. 100's count faster.

ZeroZeta · 11-15-2013, 03:25 PM

Quote:

Originally Posted by onzedge

It was my first new car and I thought that was how one did it.

Hey paying cash is doing it with style

There was a time not too long ago when people didn't buy something they didn't have cash on hand to pay for and debt was something to be avoided - not the norm.

Another paying in cash story -

My mother worked at a rural Chevy dealership and a guy drove in with a truck load full of pennies in Jars to get a new ride.

I am pretty sure they sold him the car he wanted but he had to go visit a bank first to verify how much money he was actually carting around with him.

Meulen · 11-15-2013, 03:30 PM

I have a rule about paying cash for toys. So I paid cash for the Z. I didn't pull out bills mind you! LOL but cash!

actually, the dealer offered me a better deal if I took their financing. So I took it and just paid it off when I got the bill.

ZeroZeta · 11-15-2013, 03:42 PM

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you financed.)

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

theDreamer · 11-15-2013, 03:44 PM

Quote:

Originally Posted by ZeroZeta

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full but also getting something closer to their desired amount which they lowered when you went to financing.

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price.

Dealers can make kickbacks if you finance, so many times it is in their best interest to have you do that over paying cash. Additionally, a lot of dealers buy from the manufacture on credit so if they can move a car in X number of days plus make a kickback for you financing it they sold a car without having to really buy it plus made profit & kickback.

Meulen · 11-15-2013, 03:48 PM

Quote:

Originally Posted by ZeroZeta

Hey Meulen. Curious what the dealer's incentive was.

I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you went to financed.)

Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

They offered me a lower price for the car if I
1. bought their ext warranty and...
2. got the car dealer certified for the warranty
3. Financed a portion of it

I guess it was really a wash for me, except I got a warranty out of it that I wasn't expecting to purchase. I think they probably got an incentive to finance/cert./warranty from the bank/mfg. and were able to give me the warranty for my trouble.

Had I just paid cash and walked out the door I would have paid a higher price and not had the ext warranty.

ZeroZeta · 11-15-2013, 03:57 PM

That makes sense.

I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

Meulen · 11-15-2013, 04:03 PM

Quote:

Originally Posted by ZeroZeta

That makes sense.

I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

Can't look at it that way. Crap like that is out of your control. Just enjoy your good fortune and the fact you were able to buy one!

Just realized you are in Chicago.

I work in the Loop.

TerribleONE · 11-15-2013, 04:10 PM

300-350 here

ZeroZeta · 11-15-2013, 04:13 PM

Indeed. Overall I know on some level you always get a little screwed making a big purchase.

Ha! I am sitting in the West loop as well a block or two away from the Ogilvie Transportation Center (Metra station.)

Sadly my Z never sees downtown Chicago - It doesn't like the traffic and road rage. ha ha.

Waiz · 11-15-2013, 04:21 PM

My Z is long paidoff but when I financed it as a CPO my payment was $470 and I didn't put alot down since I like to invest my money and would rather have the cash in my pocket.

I only put $3,000 down and invested $5,000 into Apple stock back in 2006

$5,000 = roughly 50 shares at roughly $100 a share and at Apples current stock price that = $21,000 profit (before taxes) which nearly paid for my Z

edub370 · 11-15-2013, 04:42 PM

paid off! i'd say it's about time to swap cars and get in debt for something else!

View Poll Results: How much are your monthly payments
$0 -- I own it!	57	22.18%
$200 to $249	3	1.17%
$250 to $299	6	2.33%
$300 to $349	18	7.00%
$350 to $399	19	7.39%
$400 to $449	34	13.23%
$450 to $499	33	12.84%
$500 to $549	27	10.51%
$550 to $599	17	6.61%
$600+	43	16.73%
Voters: 257. You may not vote on this poll

11-15-2013, 03:30 PM	#96 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3390	I have a rule about paying cash for toys. So I paid cash for the Z. I didn't pull out bills mind you! LOL but cash! actually, the dealer offered me a better deal if I took their financing. So I took it and just paid it off when I got the bill. __________________ Follow my build thread here: Meulens Build Journal

11-15-2013, 04:10 PM	#102 (permalink)
TerribleONE A True Z Fanatic Join Date: Jan 2009 Location: Socal Posts: 10,203 Drives: WOT Rep Power: 5851	300-350 here __________________ 638WHP 541WTQ @ 13.5PSI Build thread

11-15-2013, 04:13 PM	#103 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	Indeed. Overall I know on some level you always get a little screwed making a big purchase. Ha! I am sitting in the West loop as well a block or two away from the Ogilvie Transportation Center (Metra station.) Sadly my Z never sees downtown Chicago - It doesn't like the traffic and road rage. ha ha. Meulen likes this. Last edited by ZeroZeta; 11-15-2013 at 08:31 PM.

11-15-2013, 04:42 PM	#105 (permalink)
edub370 A True Z Fanatic Join Date: May 2011 Location: KCMO Posts: 3,458 Drives: 09 370z S/T 6MT Rep Power: 20	paid off! i'd say it's about time to swap cars and get in debt for something else! __________________ 09 370Z ST 6MT//Injen CAI//Greddy CBE//TP//TSW's//Swifts//Stillen lip//Whiteline sways 326whp/268tq

11-15-2013, 12:50 PM	#91 (permalink)
XPNSD IT Enthusiast Member Join Date: Oct 2011 Location: San Jose, CA Posts: 298 Drives: 09 370z/16 Hyper STI Rep Power: 14	In 2011 09 Sport for 27K, 5K down no credit (First time buyer) no cosigner, was at 615 monthly @ 17.49% , refinanced earlier this year, now at $450 @ 2.79% since I built up my credit. 42 months left! Now time to get 09 Infiniti FX45.

11-15-2013, 03:42 PM	#97 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	Hey Meulen. Curious what the dealer's incentive was. I would have expected them to be overjoyed at being paid in full and getting something closer to their desired amount (which they lowered when you financed.) Bottom line though - Glad you are happy you got the car you wanted at an agreeable price. That just seems like a weird car purchase shell game to me.

11-15-2013, 03:57 PM	#100 (permalink)
ZeroZeta Track Member Join Date: Aug 2013 Location: Austin TX Posts: 543 Drives: 2013 Z Rep Power: 13	That makes sense. I was pretty happy with what I paid until I realized that Nissan dropped the price two weeks after I bought mine. oh well.

11-15-2013, 04:21 PM	#104 (permalink)
Waiz A True Z Fanatic Join Date: Apr 2010 Location: SoCal Posts: 9,262 Drives: Z33 & GE8 Rep Power: 459	My Z is long paidoff but when I financed it as a CPO my payment was $470 and I didn't put alot down since I like to invest my money and would rather have the cash in my pocket. I only put $3,000 down and invested $5,000 into Apple stock back in 2006 $5,000 = roughly 50 shares at roughly $100 a share and at Apples current stock price that = $21,000 profit (before taxes) which nearly paid for my Z

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