Who REALLY owns their Z???

hansoac

Paid for my Koenigsegg in cash
Financed the Z.

sonic370

by the look of most of the answers meaning paid cash,or paid off.

question should be what is the average yearly income of the forum members.....

oh paid half down needed the good payment history on credit report...

and i do believe in gap insurance... it is the only extra i will go for with the finance manager. the rest of the crap they can keep its just a rip off

cptspeed

^^More like net worth?

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

Ish

Is it an evil practice?

I can buy one outright by December if I start saving right now, but because I work overseas as a defense contractor, it is damn near impossible to get leave that time of year because everybody & their mother wants to be home for the holidays.

I'm also looking at boosting my credit scores (just not a huge credit user) to try & get out of this "starter home" & into a nicer house in a nicer neighborhood, so a friend of suggested that instead of buying outright, finance a portion of it, & pay it off over the next 12 months which should boost my scores.

If I go that route, I'll also have the time & $$ handy to get the clear bra installed, some new headlights (love those 180 halo mods for it), rear fog light, & some Michelin Sport A/S+ (it will be winter after all). Downside, it will be sitting in the garage for about a year before I'm home for good, & thats a year gone from the warranty.

ImportConvert

Just don't buy a 2011, buy a 2012 or 2013. Nissan might come out with a new shade of gray that is more to your liking.

Ghost

If you get a hell of an interest rate, then you should finance, otherwise pay it in full if you can.

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Ish

I bank with USAA (not a real well known bank outside of the military), & they quoted 3.39 to 3.79 for a 48 month loan on 18K.

I'm not a fan of gray at all. Pearl white for me, with red next. Might even consider Chicane Yellow if it ever became available again.

Doug&Michelle

Don't own it yet but it is my ONLY debt. Paid for house and no other debt of any kind.

ZForce

Ditto here!

Nitrouz

cash

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2010 370Z 40th Anniversary - Anastasia
VENACI / AERO JACKET / HKS USA / MXP / NISMO / FALKEN / STILLEN / T1R / MR WORKS / CARBON SIGNAL / EVO-R / BLUE BATMOBILE

chops

exactly. im relatively young, so while i could've paid it off in cash, i wrote a check for half and financed the rest at 2%. i figured...i need some sort of loan besides a few credit cards on my credit history. besides, in the end im paying one car payment's worth of interest and its only been 6 months. i'll have the loan payed off shortly!

docaam

Cash as bought from US so had no other option, else they wouldnt ship it lol

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Old 370Z SOLD but not forgotten
370Z 40th, G37s, S30 RBZ, Hakosuka Skyline

billydsz

Wrote a check for mine. Paid in full. The only advantage to being over 50 is you've been around long enough to gather some cash in the bank...

shadow2k

If you can get good rates, paying in cash is just...wasteful.

I actually just refi'd my Z, just because I could get a lower rate. Low enough to make me actually cash out $5k of what I'd already paid. My loan is now more $5k higher, and a couple months longer...but my payments are the same and my $5k check should arrive today.

I mean, come on...if you want to give me cheap loans, I'll take it every day of the week. At the very least, even if I were horrible with money, I'd put that $5k towards my mortgage, which has a higher interest rate of 3.75 fixed.

I understand the no debt mentatily, I used to be a cash only type of guy, but I learned something a while ago. Not all debt is bad. Certain types of debt can give you access to capital, which is how business (and you) can make money. I'm actually getting ready to take a $15k cash advance on a credit card. I'l pay 10% interest for two days ($4-$5) while I balance transfer it with no fee to a 0% APR card for a year. $15k for one year, costs me $4...yes please. And if any of you are wondering, cash advance is from PSECU, and BT deal is from NFCU. I love credit unions!

billydsz

It really depends on if you need the money. If you write a check and it empties your bank account then it's a bad idea. If you write a check and don't notice the difference in your checking account then it's a good idea.