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Becareful. 7K down is a good amount that'll get you out of the red. It is ideal to pay the car off asap but with a 3k/mon payment you may want to see what else you can do with that money. The only way that'll make sense to pay that much per month is if you can not get greater returns investing it somewhere else to offset the interest on the car. Depending on what your credit rating is, on new cars you can still get up to 3%. That is easy to beat if you know where to put that 3k per month.
Good info. Youre right. The reason why I am thinking of going that route is because I want to come home from afghanistan and not have a big car payment hitting me. I am thinking of paying off half and refinancing for a lower payment. Perhaps you are right though. If i save that money instead, it might do me better in the long run. Not sure. I am trying to come home and have enough money saved that I can take off 3-4 mos and catch up with the two years of my sons life that I missed. So I was thinking of paying off all my bills for 6 mos, and have the Z completely paid off.
I owe alot on my 2005 with nav. The only one that comes close is 32K on his 2004. Dealers always take me to the bank. And as someone stated earlier " I only looked at the monthly payment" Oops
Good info. Youre right. The reason why I am thinking of going that route is because I want to come home from afghanistan and not have a big car payment hitting me. I am thinking of paying off half and refinancing for a lower payment. Perhaps you are right though. If i save that money instead, it might do me better in the long run. Not sure. I am trying to come home and have enough money saved that I can take off 3-4 mos and catch up with the two years of my sons life that I missed. So I was thinking of paying off all my bills for 6 mos, and have the Z completely paid off.
Sounds reasonable. It's your life and your family, do what you think is best. Money, making or spending, is never the most important aspect in life. Just come back safe buddy.
What the hell do you people do that are paid in full? I guess if I really tried I could, but there are too many other things to buy.. eh whatever. Its worth every penny, even the finance charges...
I spent 6 months defending the war on terror (15K right there) and saved up for a few years!
I spent 6 months defending the war on terror (15K right there) and saved up for a few years!
Been here for nearly two years myself. Was on track to only stay a year, but I got hurt during a rocket attack. Spent four months home recovering which drained away what little we had saved. Otherwise I'd probably have mine, and maybe even paid off. Alas.. **** happens. Had to come back to get right again.
BTW.. thanks Fairlady, I definately wanna make it back to enjoy it. 6 more months and hopefully I leave for good. Yay!!!
$38k on an 06 roadster with 8k (with most of the nismo stuff). Thank god my bank provides free upside down gap insurance. I'm in no hurry to pay off my Z. I plan on keeping it forever.
