Test drove a 2007 Z
04-10-2007, 04:42 AM
#21
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Man I understand exactly!
I test drove one every year since the Z came back in 03, and every year I had to talk my self out of it. Your 19 and have school and things ahead of you. Now I am by no means talking you out of it, just sharing what I did. I got a second job and paid my way in college, and now I will be graduating in May debt free. Well almost I ordered my 07 SMB Z and while my friends still have both a school loan and a car loan I will only have the car loan. If you think you can afford it then get it, but nothing feels as good as knowing you don't have any debt. In the end transferring from tech school to a four year saved me enough money that my loan on a new 07 will only be like 10K. It wasn't easy and I missed a few parties b/c of work but hell in my mind nothing could be finer.
Cheers
Kevin
O and good luck on your decision
I test drove one every year since the Z came back in 03, and every year I had to talk my self out of it. Your 19 and have school and things ahead of you. Now I am by no means talking you out of it, just sharing what I did. I got a second job and paid my way in college, and now I will be graduating in May debt free. Well almost I ordered my 07 SMB Z and while my friends still have both a school loan and a car loan I will only have the car loan. If you think you can afford it then get it, but nothing feels as good as knowing you don't have any debt. In the end transferring from tech school to a four year saved me enough money that my loan on a new 07 will only be like 10K. It wasn't easy and I missed a few parties b/c of work but hell in my mind nothing could be finer.
Cheers
Kevin
O and good luck on your decision
04-10-2007, 04:51 AM
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Originally Posted by asugradinwa
okay so here is my question, why get rid of the 2004 focus? If it is giving you problems then I can understand. But to get rid of a 3 year old car for another is totally impractical.
In my line of work I find too many people who try to keep up with the jones family down the street and get rid of cars just to have the next bigger & better thing without ever thinking of the future.
I'll also let you know- If you think you are getting a car that hasn't been raced in a new car then think again. When I sold cars duruing college there wasn't a day the guys I worked didn't have the fastest car in the lot out on the freeway bouncing off the rev limiter. And if the Redline is the only Z there you bet it has been rode hard and put away wet already.
Here is another idea- put $5,000 of that down payment into an IRA and save the other $5000 and what would be your monthly payment in a high yield savings account for a down payment for a house or condo. If you earn 8% per year in the IRA you'll have a nice $108,000 at age 59. Invest it and hit the average of 10% and you'll have $226,000. If you invest wisely and hit an average of 12 % you'll have $465,000. Plus in 5 years that other $5000 with those $505 monthly payments would be a whopping $40,000 ready for a house or condo assuming you get it into a 5% savings rate. Oh and if you REALLY want the Z then you can pay for it in cash, like what I did at 24.
So hmmm buy a new car and pay $505 per month for the next 60 months or be able to buy just about any car when you retire and get a down payment for a place to live?
No matter what I'd start putting away that $1000 a month and see how your life changes without that big chunck of change and if you like it.
In my line of work I find too many people who try to keep up with the jones family down the street and get rid of cars just to have the next bigger & better thing without ever thinking of the future.
I'll also let you know- If you think you are getting a car that hasn't been raced in a new car then think again. When I sold cars duruing college there wasn't a day the guys I worked didn't have the fastest car in the lot out on the freeway bouncing off the rev limiter. And if the Redline is the only Z there you bet it has been rode hard and put away wet already.
Here is another idea- put $5,000 of that down payment into an IRA and save the other $5000 and what would be your monthly payment in a high yield savings account for a down payment for a house or condo. If you earn 8% per year in the IRA you'll have a nice $108,000 at age 59. Invest it and hit the average of 10% and you'll have $226,000. If you invest wisely and hit an average of 12 % you'll have $465,000. Plus in 5 years that other $5000 with those $505 monthly payments would be a whopping $40,000 ready for a house or condo assuming you get it into a 5% savings rate. Oh and if you REALLY want the Z then you can pay for it in cash, like what I did at 24.
So hmmm buy a new car and pay $505 per month for the next 60 months or be able to buy just about any car when you retire and get a down payment for a place to live?
No matter what I'd start putting away that $1000 a month and see how your life changes without that big chunck of change and if you like it.
04-10-2007, 04:53 AM
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Well at least they allowed ya to do that. But I bet it was because what you entered the dealership with.
I went and I kid you not I drove it for less than 3 miles at a top speed of 25. They would not let me on the highway and the side roads where clogged.
So be happy that at 19 you have seen the power. I have test driven 2 times now and both where the same. in and out in 10 mins with a speed no more than 30. The car is idleing most of the time. I hate Dallas dealerships. FYI I was 24 at the time
I guess this is what service I get when I drive up in a 1995 explorer (mint condition though)
I went and I kid you not I drove it for less than 3 miles at a top speed of 25. They would not let me on the highway and the side roads where clogged.
So be happy that at 19 you have seen the power. I have test driven 2 times now and both where the same. in and out in 10 mins with a speed no more than 30. The car is idleing most of the time. I hate Dallas dealerships. FYI I was 24 at the time
I guess this is what service I get when I drive up in a 1995 explorer (mint condition though)
04-10-2007, 04:57 AM
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How about having your dad pay for it, and paying him monthly? That way you can get it quicker, still be PAYING for it, without all of the crappy interest?
Something to think about.
Something to think about.
04-10-2007, 04:58 AM
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Originally Posted by 6894kevin
Man I understand exactly!
I test drove one every year since the Z came back in 03, and every year I had to talk my self out of it. Your 19 and have school and things ahead of you. Now I am by no means talking you out of it, just sharing what I did. I got a second job and paid my way in college, and now I will be graduating in May debt free. Well almost I ordered my 07 SMB Z and while my friends still have both a school loan and a car loan I will only have the car loan. If you think you can afford it then get it, but nothing feels as good as knowing you don't have any debt. In the end transferring from tech school to a four year saved me enough money that my loan on a new 07 will only be like 10K. It wasn't easy and I missed a few parties b/c of work but hell in my mind nothing could be finer.
Cheers
Kevin
O and good luck on your decision
I test drove one every year since the Z came back in 03, and every year I had to talk my self out of it. Your 19 and have school and things ahead of you. Now I am by no means talking you out of it, just sharing what I did. I got a second job and paid my way in college, and now I will be graduating in May debt free. Well almost I ordered my 07 SMB Z and while my friends still have both a school loan and a car loan I will only have the car loan. If you think you can afford it then get it, but nothing feels as good as knowing you don't have any debt. In the end transferring from tech school to a four year saved me enough money that my loan on a new 07 will only be like 10K. It wasn't easy and I missed a few parties b/c of work but hell in my mind nothing could be finer.
Cheers
Kevin
O and good luck on your decision
, im all set. my parents gave me all of the possible advantages in life as a youth and they have paid off. i have no bills to pay for school, cars, my parents even pay for my insurance. some may call me a spolied little punk but i do work and go to school full time and i pay my parents back by getting good grades in school and helping my dad run his business. i still have plenty of time though to make a decision, im in no real hurry except i still dream about those 306 horses every night...thanks
04-10-2007, 05:00 AM
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Originally Posted by Devil Z
How about having your dad pay for it, and paying him monthly? That way you can get it quicker, still be PAYING for it, without all of the crappy interest?
Something to think about.
Something to think about.
04-10-2007, 05:05 AM
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Originally Posted by Husky606
thanks kevin, well to start off, my 4 years of college is already paid off, im a freshman and due to my athletic/academic scholarships and a scholarship from my parents, im all set. my parents gave me all of the possible advantages in life as a youth and they have paid off. i have no bills to pay for school, cars, my parents even pay for my insurance. some may call me a spolied little punk but i do work and go to school full time and i pay my parents back by getting good grades in school and helping my dad run his business. i still have plenty of time though to make a decision, im in no real hurry except i still dream about those 306 horses every night...thanks
, im all set. my parents gave me all of the possible advantages in life as a youth and they have paid off. i have no bills to pay for school, cars, my parents even pay for my insurance. some may call me a spolied little punk but i do work and go to school full time and i pay my parents back by getting good grades in school and helping my dad run his business. i still have plenty of time though to make a decision, im in no real hurry except i still dream about those 306 horses every night...thanksIn that case DO IT!!!!
I wish i would have kept playing Ball to pay for my school, but i got burn't out. Many people don't think sports are hard while in school but those that play know the real truth. Good for you man if you and your family work that way then Get the Z and just be wise with her.
Cheers
Kevin
04-10-2007, 06:08 AM
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go get the 07 you will not regret it. If you get a previous model youll want more. Im sure next year if they put the 3.7l in the 08 I would want that too. Grass is always greener on the other side. Find your nitch where you will be happy and just stick with it. As of now Im very satisfied with my 07 purchase. Granted I lost a few thousand in trading in an 06. With the 07 I got the package, color, trim that I desired and thats where the selling point boiled down to.
You should be able to get that 07 33k otd. If you put down 10k and have a 6.5% apr There is no way you should be payin 505/month.
I financed roughly 32k and no money down at 5% and Im payin 504/month
if you put down 10k you should be payin around 430-450/month
You should be able to get that 07 33k otd. If you put down 10k and have a 6.5% apr There is no way you should be payin 505/month.
I financed roughly 32k and no money down at 5% and Im payin 504/month
if you put down 10k you should be payin around 430-450/month
04-10-2007, 06:26 AM
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Originally Posted by Devil Z
How about having your dad pay for it, and paying him monthly? That way you can get it quicker, still be PAYING for it, without all of the crappy interest?
Something to think about.
Something to think about.
I think its a mistake to put that much of a debt load on someone that is going to school. If you were out of school it would be different. Trust me when I say you are going to want to do stuff during school besides work for a car payment (thats going to get abused while you are at school) and study.
If you got 10k now, save your payments for a year or two and if you can do that while in school, the car won't impact your life that much when you do get it and it will be a blessing not a curse.
04-10-2007, 06:46 AM
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Originally Posted by Husky606
definitly something to think about and discuss with my dad. thanks Devil Z
Good luck.
04-10-2007, 06:47 AM
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Originally Posted by asugradinwa
You can get a great used one for under $20,000 The insurance is just way too high. Just think, before you put a drop of gas in the tank you are paying $750 per month. At one tank of gas per week you are looking at $950 per month. Nevermind the oil change, maintance, and new sets of tires needed every 2-3 years. Plan for AT LEAST $1000 per month on just your car.
What year is your focus? Is it completly payed off?
With a 10k down payment you could easily get a great used car or a pretty damn good new car with a 3 year payment term. One of the most often qouted car buying tips is that you never want to go for a payment cycle of longer then 36 months.
I guess what I'm saying is that unless you are one of the few 19 year olds that are making BIG money (over 50k per year) or your parents are going to pay for a large part of the car (like $750 a month) I would recomend against getting a Z at 19.
You can do what you want but trust me when I say this- within the next year you will regret getting the Z for the financial reasons.
Hope that helps. And if you NEED a 350z then go find a used one. You could get one for half the price plus the insurance might be less.
What year is your focus? Is it completly payed off?
With a 10k down payment you could easily get a great used car or a pretty damn good new car with a 3 year payment term. One of the most often qouted car buying tips is that you never want to go for a payment cycle of longer then 36 months.
I guess what I'm saying is that unless you are one of the few 19 year olds that are making BIG money (over 50k per year) or your parents are going to pay for a large part of the car (like $750 a month) I would recomend against getting a Z at 19.
You can do what you want but trust me when I say this- within the next year you will regret getting the Z for the financial reasons.
Hope that helps. And if you NEED a 350z then go find a used one. You could get one for half the price plus the insurance might be less.
04-10-2007, 07:42 AM
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Originally Posted by asugradinwa
And if you NEED a 350z then go find a used one. You could get one for half the price plus the insurance might be less.
Just because that guy let you test drive a car, doesn't mean you have to buy from him. Get a used car and your payments will probably be halved, if not more than that.
EDIT: It's still going to be more expensive than you are planning for.
Last edited by Kegsbane; 04-10-2007 at 07:46 AM.
04-10-2007, 08:01 AM
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shut up..... I like how you keep rambling "I can't believe they let a 19 yr old drive... blah blah blah I'm 19 woopdie doo how long can you talk about how amazed you were that they would let a 19 yr old drive it?
04-10-2007, 09:07 AM
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Originally Posted by StewartZ
shut up..... I like how you keep rambling "I can't believe they let a 19 yr old drive... blah blah blah I'm 19 woopdie doo how long can you talk about how amazed you were that they would let a 19 yr old drive it?
theres no need for that, keep those comments to yourself. no one else here seemed to have a problem with the exception of yourself.
everyone else, thanks for all of the advice. it will all be taken into serious consideration.
04-10-2007, 09:53 AM
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Originally Posted by infamous350
dam they wouldnt let me drive my z til they ran my creidt and all the other stuff i pretty much didnt test drive untilt he day i took it home lol
If you roll up in a old POS wearing a beer tshirt and some cutoffs they aren't going to let you sit in a sports car but if you come in like you just got out of the office you are going to get a lot more traction with the sales guys.
04-10-2007, 01:34 PM
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Originally Posted by StewartZ
shut up..... I like how you keep rambling "I can't believe they let a 19 yr old drive... blah blah blah I'm 19 woopdie doo how long can you talk about how amazed you were that they would let a 19 yr old drive it?
What're you doing, applying to your local community college while working at the local Safeway?
OP, ignore this underaged virgin dumbass.
04-10-2007, 03:18 PM
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Originally Posted by zeekle
I wouldn't borrow the money from your dad. Borrowing money "long term" like that from family tends to cause issues. Even if you think it won't happen to you it tends to happen to a lot of people and your relationship with your parents isn't worth a car.
I think its a mistake to put that much of a debt load on someone that is going to school. If you were out of school it would be different. Trust me when I say you are going to want to do stuff during school besides work for a car payment (thats going to get abused while you are at school) and study.
If you got 10k now, save your payments for a year or two and if you can do that while in school, the car won't impact your life that much when you do get it and it will be a blessing not a curse.
I think its a mistake to put that much of a debt load on someone that is going to school. If you were out of school it would be different. Trust me when I say you are going to want to do stuff during school besides work for a car payment (thats going to get abused while you are at school) and study.
If you got 10k now, save your payments for a year or two and if you can do that while in school, the car won't impact your life that much when you do get it and it will be a blessing not a curse.
I totally agree. Start taking out what the montrhly payment would be right now and see if you could live with it. Also remember that now with the first year of Z's comming off of leases, the G35s out on the market, and the GTR comming in a year or two that the Z's are deperciating much more quickly then before. Just don't be surprised if you get a 07 for 33K and by next year it isn't worth more then 25k. Just think- every week your Z loses over $150 in value while every month you have to pay $500 just to keep it.
And hey if you and your dad have all this money to throw around why don't you import a skyline and then you'd have a REALLY fun car.
All in all, if you are going to get a Z, get a used one. I know you are making the excuse that "I'm young & I want to have fun" but you also have to be an adult. I bought my Z at 24, but that year I also put over $10,000 into my retirement fund and another $6,000 into an account for the condo I bought at 25.
Think of the big picture.