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Why is this happening so much? (people selling their Zs)

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Old 01-28-2012, 07:50 PM   #1 (permalink)
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This topic suddenly shows up every few months
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Old 01-28-2012, 08:02 PM   #2 (permalink)
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Old 01-28-2012, 07:50 PM   #3 (permalink)
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Opinions are like @ssholes...
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Old 01-28-2012, 09:25 PM   #4 (permalink)
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Opinions are like @ssholes...
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Old 01-28-2012, 09:29 PM   #5 (permalink)
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Old 01-28-2012, 08:15 PM   #6 (permalink)
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You can't point your finger and say "this is the reason why" there's way too many factors. I see more used camaros on car lots than civics! When the 370 came out I knew I'd never own one and completly wrote it off. Now I'll prolly have it for it's entire life!
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Old 01-28-2012, 08:38 PM   #7 (permalink)
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Topically when you buy a new car it takes about 2.5-3 years of payments to get out from under the negative equity. I know my payoff is now below ACV (actual cash value). May will be 3 yrs for me.

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Old 01-28-2012, 08:43 PM   #8 (permalink)
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Topically when you buy a new car it takes about 2.5-3 years of payments to get out from under the negative equity. I know my payoff is now below ACV (actual cash value). May will be 3 yrs for me.
I thought most people put enough cash down such that they'd never be underwater on their loans?
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Old 01-28-2012, 09:36 PM   #9 (permalink)
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I thought most people put enough cash down such that they'd never be underwater on their loans?
It's very rare. Most people try to use their current car as a down payment. If you figure that tax, title and license in AZ is about 10% then add in the instant depreciation. I would guess someone would be looking around 20%-30% down to stay above water from point of purchase.

Now if you buy used... It's A LOT less. But new is ruff.

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Old 01-28-2012, 09:43 PM   #10 (permalink)
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It's very rare. Most people try to use their current car as a down payment. If you figure that tax, title and license in AZ is about 10% then add in the instant depreciation. I would guess someone would be looking around 20%-30% down to stay above water from point of purchase.

Now if you buy used... It's A LOT less. But new is ruff.
Wild. If I finance I always figure how much I need to put down so I'll always be ahead. Guess that's not as common of a practice as I thought.
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Old 01-28-2012, 10:21 PM   #11 (permalink)
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Wild. If I finance I always figure how much I need to put down so I'll always be ahead. Guess that's not as common of a practice as I thought.
Everybody runs their finances differently i guess.
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Old 01-30-2012, 10:20 AM   #12 (permalink)
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Also, I've noticed a lot of the comments in the for sale threads point out that they are correcting financial mistakes they made. So it looks like many people bought more car than they could afford, maybe thinking they would eventually get a raise, promotion, or better job, and are correcting that miscalculation.
This is probably true in most of the cases, even the ones not mentioning financial troubles. After all, people like to lie and hate admitting they messed up. Also, many rush purchases like this normally which only exasserbates the problem when you start looking at such a niche vehicle like the Z.

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Most people run their finances wrong i guess.
Fixed it for ya.
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Old 01-30-2012, 10:21 AM   #13 (permalink)
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Fixed it for ya.


I was trying to start less fires
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Old 01-28-2012, 10:20 PM   #14 (permalink)
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I'm being tempted by a Z06.....
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Old 01-29-2012, 07:15 AM   #15 (permalink)
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lol...let me rephrase, it pissed me off alot but i delt with it. The day in question was the last straw.
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