How many knuckleheads do you know who are modding their LEASED Z?
08-01-2006, 12:25 PM
#41
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Originally Posted by kcobean
Your ability to repay the remaining balance is obviously the exception. You can't apply that standard to other people. It's easy to see though using your math on the leases, plus my math on a plain 5-year loan, it's not so crazy to use a lease as a way to have a Z with a low monthly payment, you just spread out the repayment over an extra year or two. Wise? Nope, but modding isn't wise either, lease or no lease...especially when it comes time to sell the car (I would know first hand!!! 
)
)A little OT, but did you finally get rid of that beautiful redline?
08-01-2006, 12:30 PM
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Originally Posted by kcobean
Your ability to repay the remaining balance is obviously the exception. You can't apply that standard to other people.
08-01-2006, 12:31 PM
#43
Originally Posted by kcobean
Your ability to repay the remaining balance is obviously the exception. You can't apply that standard to other people. It's easy to see though using your math on the leases, plus my math on a plain 5-year loan, it's not so crazy to use a lease as a way to have a Z with a low monthly payment, you just spread out the repayment over an extra year or two. Wise? Nope, but modding isn't wise either, lease or no lease...especially when it comes time to sell the car (I would know first hand!!! )
)As for your mods to the Z ... I wouldn't have the time or energy to do as much to mine as you did to your redline and that's understatment.
08-01-2006, 12:34 PM
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Originally Posted by MRfire
I bought it out 3 years ago bro....still have it though
That's cool man. No offense intended. To each thier own. I'm not saying it's a bad car overall...just not ideal for a dealer to have on it's lot when gas is so expensive. That's why they are making such good deals on all the SUVs and trucks now. But hey...I can't really say much about gas mileage anyway. Afterall, I bought a Z....not a Civic.
08-01-2006, 12:38 PM
#46
Originally Posted by dutchboy350Z
Well you're also talking to someone that drove around a paid-for 2000 escort for an extra 3 years because I made the decision to buy a house first before buying something impractical.
As for your mods to the Z ... I wouldn't have the time or energy to do as much to mine as you did to your redline and that's understatment.
As for your mods to the Z ... I wouldn't have the time or energy to do as much to mine as you did to your redline and that's understatment.
08-01-2006, 12:38 PM
#47
Originally Posted by MRfire
Exactly...and paying your ride off early is not a very good investment. Your car is going to depreciate (hence you are losing money) versus investing that money to gain interest (hence you are making money). But hell...who am I to try to educate someone of your above average intelligence....
The only interest I'm willing to pay is one that can be itemized as a tax deduction. That is why I'm trying to pay it off as quick as possible. After I bite the bullet for a year I will have freed up a lot of $$$.
08-01-2006, 12:38 PM
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Originally Posted by kcobean
I sure did. It's at home in Louisiana now with a nice guy who's a true car-nut, just like me. Oh yeah, and he bought the car for his wife! 
08-01-2006, 12:40 PM
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Originally Posted by freefallin
That's cool man. No offense intended. To each thier own. I'm not saying it's a bad car overall...just not ideal for a dealer to have on it's lot when gas is so expensive. That's why they are making such good deals on all the SUVs and trucks now. But hey...I can't really say much about gas mileage anyway. Afterall, I bought a Z....not a Civic.
You in NE Ohio?
08-01-2006, 12:44 PM
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Use the search engine! Wait that doesn't apply here. I am just so used to reading that in just about every single post I thought I would give it a try. Now I only have to do that about 5000 more times and I'll be a "big poster" 
j/k everybody
j/k everybody
08-01-2006, 12:44 PM
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what's wrong with modding a leased car? You can purchase a car and mod it but when it's time to trade in for new car( which many people do) it's wiser to remove all the mods, just as you would do to a leased car, so what's the difference?
your argument should be lease vs purchase, and both have there pro's and cons, and people have different situation and circumstances that they would choose one over the other.
You probably shoudlnt be talking down on people and calling them knuckleheads because not everyone is in same financial situation as you, and not everyone makes the same choices as you. I know for sure I wouldnt put 18K down on something that depreciates so much, so quick. I'd rather use that for investment, but of course everone is different.
your argument should be lease vs purchase, and both have there pro's and cons, and people have different situation and circumstances that they would choose one over the other.
You probably shoudlnt be talking down on people and calling them knuckleheads because not everyone is in same financial situation as you, and not everyone makes the same choices as you. I know for sure I wouldnt put 18K down on something that depreciates so much, so quick. I'd rather use that for investment, but of course everone is different.
08-01-2006, 12:55 PM
#52
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Originally Posted by dutchboy350Z
My roadster is not my DD ... so I won't be substantially depreciating the car by racking up the miles.
The only interest I'm willing to pay is one that can be itemized as a tax deduction. That is why I'm trying to pay it off as quick as possible. After I bite the bullet for a year I will have freed up a lot of $$$.
The only interest I'm willing to pay is one that can be itemized as a tax deduction. That is why I'm trying to pay it off as quick as possible. After I bite the bullet for a year I will have freed up a lot of $$$.
You should just drive a Kia or some Neon. Doesnt' sound like you are happy at all. So what if others will end up paying 3-5k more than other people. They leased for a reason, and most likely due to low monthly payments. If that gets them into their dream car they otherwise can't afford, what's wrong with that.
Anyone that mods their cars are stupid. But anyone on here cares? No, because we enjoy modding.
08-01-2006, 01:02 PM
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Wow this thread should be closed just for the "Thread Rage"! Dealers do not care if you turn in your lease because the leasing company owns the car, not the Dealer. The leasing Company will negotiate a little because they have inspection fees, destination and transportation fees for picking up the lease turn in. You can deduct those if you are a savvy negotiator. One key is to contact them about 6 months before the lease is to end. Allow yourself the extra time to work out a deal. People make choices that fit their current situations everyday and it's their choice to make and really no one's business but their own. Peace Out!
08-01-2006, 01:06 PM
#55
Originally Posted by visionboy
what's wrong with modding a leased car? You can purchase a car and mod it but when it's time to trade in for new car( which many people do) it's wiser to remove all the mods, just as you would do to a leased car, so what's the difference?
your argument should be lease vs purchase, and both have there pro's and cons, and people have different situation and circumstances that they would choose one over the other.
You probably shoudlnt be talking down on people and calling them knuckleheads because not everyone is in same financial situation as you, and not everyone makes the same choices as you. I know for sure I wouldnt put 18K down on something that depreciates so much, so quick. I'd rather use that for investment, but of course everone is different.
your argument should be lease vs purchase, and both have there pro's and cons, and people have different situation and circumstances that they would choose one over the other.
You probably shoudlnt be talking down on people and calling them knuckleheads because not everyone is in same financial situation as you, and not everyone makes the same choices as you. I know for sure I wouldnt put 18K down on something that depreciates so much, so quick. I'd rather use that for investment, but of course everone is different.
have you checked the resale values of roadsters? they're not depreciating "so quick". I bought my 05 4 month ago and the KBB value is @ $34,880.
Mods please close this thread ... I guess I opened up pandora's box. I didn't realize there was that many people that modify sports cars that they don't own.
Last edited by dutchboy350Z; 08-01-2006 at 01:12 PM.
08-01-2006, 01:12 PM
#57
Originally Posted by Vicynax
You should just drive a Kia or some Neon. Doesnt' sound like you are happy at all. So what if others will end up paying 3-5k more than other people. They leased for a reason, and most likely due to low monthly payments. If that gets them into their dream car they otherwise can't afford, what's wrong with that.
Anyone that mods their cars are stupid. But anyone on here cares? No, because we enjoy modding.
Anyone that mods their cars are stupid. But anyone on here cares? No, because we enjoy modding.
08-01-2006, 01:12 PM
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Originally Posted by dutchboy350Z
have you checked the resale values of roadster? they're not depreciating "so quick". I bought my 05 4 month ago and the KBB value is @ $34,880.
Mods please close this thread ... I guess I opened up pandora's box. I didn't realize there was that many people that modify sports cars that they don't own.
Mods please close this thread ... I guess I opened up pandora's box. I didn't realize there was that many people that modify sports cars that they don't own.
but can you give me a good reason why it's not wise modding a lease car vs purchased car? Thanks
Last edited by visionboy; 08-01-2006 at 01:16 PM.
08-01-2006, 01:17 PM
#59
Automobiles are supposed to depreciate, if you are buying one as an investment you are in the wrong market. Some automobiles do appreciate but those cannot be predictable.
Depreciation is a formula which takes the price of the item and divides it into how old it is (years). If the items price is more then the drop in price will be more as well.
Depreciation is a formula which takes the price of the item and divides it into how old it is (years). If the items price is more then the drop in price will be more as well.
08-01-2006, 01:21 PM
#60
Originally Posted by visionboy
yes, i have a modded 05 roadster myself, and i know as soon as I left the lot, it depreciated just as would any brand new car. If that's not quick depreciation..i dont know what is...
let's see The original owner of my car payed $38,900 (he/she left the sticker price in the manual). 3000+ miles later he/she sold it to Carmax. Carmax was selling it for $31,980 (KBB $35,000+).
So the car depreciated from $38,900 (not included tax, tags, etc.) to $35,500 (KBB Value)
Now 4,000 miles later my car is still worth $34,880.
Original owner lost atleast $3400 after owning it.
I lost $620 since owning.
How is that the same?