lol Mob Boss??? Ooohh, now that I think about it, I haven't paid my Z Car Mafia dues :wtf2: (places suitcase full of money on the ground and leaves quietly)

:icon17:

I am part of a team that occasionally does life safety inspections of military hospitals. One week of that work pays the equivalent of about 30% of my day job annual salary :tup:

Will pay off by end of this year. Hopefully after this i might get a z35, :tup: If the Z35 is a huge improvement? i will sell or trade the Z. If its a mild improvement? I will keep this Z and buy a muscle car, (Next gen camaro or Vette??)

The C7 Stingray does look pretty sweet to my eye!

I got my 09 touring 6MT a few weeks ago, was able to pay cash for most of it and hopefully will have the rest paid by the end of summer.

0% interest loan. I'd be crazy to pay it off! My money is invested where it will make me more money!

BTW, the stock market has been very good to me this year :)

Same here. I even put down less than I had originally planned when I bought it last year. Why use my money when Nissan lets me use theirs for 0%.

I have almost 4.5 years left on the loan, haven't made any extra payments, and have no plans to pay it off early.

What I don't understand is why people who have paid off their cars talk about others who are upside down on their car loan... It doesn't matter, everyone lost the same amount regardless of when they paid for it...

Guy 1: gets 370z pays $35000 cash. 3 years later, it's worth $12000. Net loss = $23k

Guy 2 gets 370z 0 down gets 5 yr loan for 35000. 3 years later, it's worth $12000. Is "upside down on his loan" and owes $2000 more than its worth. In the meantime, 35000 was invested and made 8% per year. Original investment is now worth $44k (net gain of $9k). He paid 21k in payments over the 3 year period, still owes $2k... Net loss $16k!

So, the fact that people are upside down is completely arbitrary. Everyone loses the same amount in depreciation. What matters is if you made your money work for you in the meantime.

Ahhhhh...... no I better not.

For clarity I should add guy 3

Guy 3: gets 370z w 5 year loan, barely makes the payments, has no investment. Goes to trade it in with 2k negative equity and rolls it into his next loan and the cycle continues. Net loss = his ***

:icon17: Kermit, to each their own, if you are fine paying interest for 5, 6, 7 years on something that won't be worth much in the end, then start the process over with another car and you have no issue with it, no biggie then man. A basic guy 1 guy 2 analysis to show arbitrary numbers won't suffice. You are locked in a 5-7 year loan, there may be opportunity cost in terms of your credit worthiness/Asset vs Liability report if and when purchasing long term assets. Please don't imply that the guy who paid for the car cash is not also getting returns on the equity market and doing other things to get ahead.

Look man, if you can swing having consumer debt, paying interests (that could have been invested elsewhere) and that works for you :tiphat: I rather be the guy at 50 with all my houses paid for, College planning taken care of, no debt, free to roam the world as I please. Being locked in car debt is not part of that plan :tup:

Somehow, I don't think that 0% interest on the consumer debt is really costing all that much. :tup:

Based on your response, Kermit's entire post was lost on you.

Smart @ss :icon17:

No one has come up with good counter arguments....

Capital gains?

Uncertainty?

Don't make me argue with myself!... There are lots more good ones left!