Just want to introduce myself... My name is Dan and I am the proud owner of a brand new 350Z brochure. Yep my girlfriend picked it up for me, and mailed it. I am in the Army in Iraq so that's all I can do for now.

Has anyone here ever bought a new car with all cash? How about a Z?

I want to get a Silverstone Z, enthusiast trim, and I am wondering how low I can offer, and where I should make my stand. I have not seen the Nissan lot so I am not sure what they're asking for them.

Any words of wisdom would be appreciated.

I'll be in Tennesee so if anyone wants to sell their slightly used Z I could go that route too. Will Travel if Necessary.

Thanks,

Dan

 

Yes and Yes. In TN I think you should probably be able to get it somewhere a K or 2Ks under MSRP. It all depends on where you're at. Here in So. FL it's hard to get them to come off of MSRP. My guy wouldn't go off of MSRP (they had some kind of pride thing about it) but they would offer me 1K extra on my trade-in and a bunch of other little insentives that probably add up to a total of 500-600 so I think I really got about 1500 under MSRP.

Hope that helps, good luck over there, keep safe and thanks for your hard work!

 

They will not take less just because you have cash. I paid with a cashiers check (same as cash) and they even went so far as telling me they would rather me finance it than pay cash. It wont help you, if thats what your thinking.

 

Yeah, don't tell them you have cash. Negotiate as if you are going to finance it. You can even go ahead and finance it, then pay it off immediately as long as there is no penalty. Don't be skiddish or coy when talking with the salesman about how to pay. They make tons of money off us through financing, so they will be flexible on price if they think you are going to finance.

 

Where in TN? Check out www.middletennesseezclub.com

I have a Silverstone Enthusiast (with some goodies) you are welcome to come look at and drive when you get back. MSRP or below is no problem, if you find the right dealership.

 

Dan good luck over seas...

As a member of this site I would say... do what ever Vandy thinks... good people at crawford...

 

Zillinois has it right - go with Nissan financing and then pay it off next day. Let them think they are going to make more off you than they really are. Might not hurt to wear your dress uniform while shopping - you deserve the best deal possible!

 

I'd do the same thing, finance the car and then pay off the loan next day. Dealerships would rather you finance with them because they usually get a cut. Plus it will help your credit rating.

Ensure that the loan isn't through Jimbobs finance company because they'll sometimes put clauses in their loans that say if you pay off early there is an addition percentage you have to pay.

Wearing the Class A's ain't gonna help. Most dealerships think that soldiers have cash coming out of their you know what. Don't know your rank, but there's no need to mention the fact that you just got back from deployment because then you'll be a cash cow to them.

If I were you, I'd do it through one of the various internet referall companies like Autobytel or stoneage. You can get better deals that way and 90% of the deal can be done through the internet.

 

Army AFEES (I believe that is the acronym) program. My brother was stationec in Germany and bought an M3 vert through the program at a great price plus tax free.....

Cheers,
Mark
2003 Black Touring

 

Dan - Good luck overseas! Be careful and we send our thanks out to you and your boys for your bravery!

 

People do that but it is not a wise investment. Your better off spending the 5-7% on that money and investing the cash you have in your hands for bigger returns.
For instance take that money and buy the Z and a house 0 down. Throw renters in the home and use the money to cover times when you have no renters and monthly payments.

Now you will only be losing 5-7% on your money paying $500 a month for the Z while you will be gaining at least 12 percent on a MUCH LARGER asset you paid nothing for. Meaning on a $150,00 home you will be making at least 17 GRAND a year while only losing 4 grand over 5 whole years on financing the Z. Also you can re-fi the car using prime rates or less (around 3.5%) to pay off the remainder of your Z with the equity you have just earned
on the home.

I would look strongly into this especially consider home buying benefits for veterans. DO NOT THROW THAT 20 GRAND AWAY on a depreciating liability like a car...its just not good business.

By the way thank you SO much for helping protect our freedom!

 

Don't start with the cash is a bad investment story... we all know cars in general are horrible.

Your theory leaves out all the time and worry that goes along with that.. is it worth the few extra %?

The '0 down' house theory is all great.. if you want to be a landlord... you can buy all kinds of tapes and whatever on the topic too

The more relevant argument is investing and borrowing vs paying cash for a depreciating asset. But since returns on investments are so low (besides real estate), its a numbers game to eek out a few % points.

Honestly.. I'd rather just get it over with and have more free spending money each month.. but thats my personal belief.

I paid cash for my Z... and at least 50% cash for my last two cars as well.

All the other posts are right.. when you are negotiating.. financiing is better for the dealer.. they make money there.. cash is only good to them when they are worried about selling the car at all.. and it frees them from being worried you will not get credit. When they don't have to worry about selling the car (high demand) cash is a negative to them.

Honestly around here in VA.. the sales people don't even talk about how you pay.. they leave it all to the finance manager to try to screw you over

 

Maybe in Arizona you can get 12% appreciation on a house but i seriously doubt it. In the "heartland" it is closer to 5% (just refi'd after 5 years so going by appraisal) And I always found a certain comfort in paying cash knowing that is one less less payment to make if things take a downturn money wise. Also, being a landlord SUX!

 

in MO its like 20% pending on area

 

Its called, AAFES, Army & Air Force Exchange Service, and no, they do not sell NIssan's. Only Ford's, Volvo's, BMW's, and Harleys, the last I saw.

As far as the tax is concerned, no you don't pay tax, but the minute you register the car in the states you will pay state taxes.

 

They sell Hondas also, but no they don't sell Nissan's.

 

Wow!! I never would have imagined that financing would be better. All my life I've thought cash talks and B.S. walks. Oh well.

Thanks for the input from everyone. Like I said my time is still a ways out so no big deal. To VandyZ from TN, I would love to come and look at what you've done. And for the person who mentioned AAFES, that is a good point, but not available in Iraq, also as NY resident, and military member, when I buy in TN it WILL be tax free. I think I covered the main points, and I will almost definitely buy thru financing, unless one of you folks sells one to me One more thing, I appreciate the idea of home investing, but thats just not what I am interested in now. You all keep safe on the streets, and we'll be talking more later!!

Dan

 

Cash can sometimes be your friend too... it all depends on the dealership... if you find a good one they will respect someone paying for their car rather then financing it and right now, unless you can get an amazing intrest rate I would still pay cash.

 

Maybe a mom and pop used car place, but in general this is not true. Gobs of cash are to be made by "in-house" financing referrals.

 

I paid cash for the car. The dealer let me split the payment between a personal check and credit card. Paid off the cc the next month. Main benefit was to get a cash back %, think it was around 2-3%.