Did you pay cash for your Z?

datsunguy

Just wondering how many owners paid cash for your car? Years ago I started saving for a new car and paid cash. As soon as I get a new car I start saving for the next one. It's like reverse car payments.

The benefits are no interest, better more straight forward bargaining on a new car at trade in time, I can pick any deductible on my collision or no collision at all after a few years, plus I just like having the title in my hands.

I've done this for the last 5 cars I've owned and keep them about 4 years before trading. Am I the only person that thinks this is a good Idea?

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09 370Z Platinum Graphite/Black Touring Sport 7AT
93 Pathfinder SE V6 4x4 winter driver

Trips

I put 75% down after getting rid of my car. finance was easy and low payments. I got a very good otd price, you think they wouldn't.

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Z'sZ

put 50% down

JoeD

Paying cash makes sense...if you can't manage your money.

I don't think it makes much sense to tie up a liquid $40K when you can get a much higher rate of return properly invested/traded than what you pay on a car-loan. Of course, I do that for a living so others might not have the means and know-how to make money in the markets daily, but I can guarantee you almost all broad-based ETFs and non-speculative US equities will rise significantly more than 5-6% within the next year, roughly the APR one would pay on a car-loan.

With every car I've financed, however, I've put down 50% rounded up to a nice, whole number. That is of course if there isn't a good promotional lease-offer from the manufacturer, as depending on the circumstances, leasing is the best way to go...

davidyan

I paid cash for mine. I don't necessarily think its a bad thing. If what you're saying is that investments will likely rise
5 - 6% and if thats equal to a good APR, then paying cash for the car is sounder because its a guaranteed avoidance of the 5 - 6 % interest expense whereas with the equity investments, you'll gain 5 - 6% only if things turn out as planned, there's always some downside risk, even if its minimal. If you pay cash for a car, you should have enough reserve cash for investing anyhow.

azn370z

I'm saving up money now and planning to finance 10k early next year then pay it off after 6 months.

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2010 k23
H&R sport springs / Spc rear camber arms / SSR SP1 / Berk cbe / Varis cf lip / Nismo S-Tune side skirts

alexanderb

I paid cash for my touring/nav/sport. I really had no choice as I had the car shipped from the US to me and you need to pay cash for that.

Trips

no finance option there?

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SGTseanzie

after this year and a half long tour, and i return home, I will see what I can do about paying cash. Perhaps it will put me in good bargaining position? I mean, if you dont give me the deal i want, maybe the dealer down the road will?:-)

alexanderb

Hi Triple's. I wish there was. To export a vehicle from the US you need to go through an export brokerage firm as they will buy the vehicle for you and ship it to you. They will only deal in cash as I cannot get financing because I am not in the US...

Forrest

paid in cash. I didnt like the 5.99% APR nissan was offering.

If i could do it again i would have did a 10,000 loan. But im not hurting and i still have quite a bit of cash.

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my pictures http://www.the370z.com/members/forrest-albums-370z.html

Chan Chee Hoe

yes,i paid cash,after trading in my Rover,i paid S$95,000.

Cjanik

put down 31k. Financed exactly 9,950. after taxes, fees, etc.

3SeventyZ

Put $20K Down.
Already paid off.

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Trips

that sucks! looks like were in the wrong business those brokerage firms are making bank! good luck! Z u later.

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