Z_HighSpeed

iTrader: (5)

$120 is still a lot.

I pay $145 for two cars full coverage.

For my Z alone I paid around $70 for full coverage....the average person should be paying around $100 give or take a few bucks...anything more is RAPE.

RodgePodge

iTrader: (1)

I respectfully disagree. I shopped around a bunch for insurance and the average payment would have been around 180-200 per month so I think $120 a month given my age is a very good deal for full coverage.

Kwame

iTrader: (78)

I love how people in different parts of the country, with different aged cars, different insurance coverages, different driving histories, different credit and financial situations are actually seriously comparing insurance premiums.

ZS14RR

iTrader: (30)

Getting raped.

hpka365

iTrader: (2)

you guys have to remember that a lot of things go into insurance cost. Where you live has a lot to do with it. OP I'm close to your age and the insurance on my gto is exactly the same as yours with full coverage through geico. Everybody else quoted me at least 2-3 times what I'm paying now.The payment on my 04 gto is about the same as your payment also. I don't really drive much so my gas costs are pretty low. I don't think you're paying too much. Although the insurance on my Z is only $180 a month.

pcressey

iTrader: (3)

So you are paying $700 month to drive a car that is worth ~12k... in 1.5 years you will have spent what the car is worth (probably lose another $1k in a year for depreciation)... that doesn't make much sense to me.

Does anybody do math before they make these kinds of decisions... just give me your money.

jerseystyle

iTrader: (22)

NZMOWND

iTrader: (3)

Place of living has alot to do with that too...u live in OK and he is in Palm Beach Fl...u are 24 and he is 21...major spike in price due to both of these things...

jes_96

My mortgage payment is $750 a month. I would never attach the same worth to my Z and my 4 bedroom ranch house on 1.5 acres. My Z payment (with insurance) is 4.1% of my income. That's exactly how much my Z is worth to me - 4.1% of my income. I suggest you look at your own overall situation and decide what your Z is worth to you. Usually, if you ask a forum, you're spending too much.

JAM3Z

iTrader: (17)

so you totalled your old car. no big deal, it happens. did you only have liability coverage on it? Thats retarded if you ask me and tells me you really can't afford this car.

i also agree with the guy who posted above me about asking a car forum. chances are you already know you're spending too much, you just came on here looking for validation of your decision, which i doubt you'll get here.

DavesZ#3

iTrader: (26)

EXACTLY!!!!!

If any of these "you're paying too much" responders would have bothered to read the link I posted earlier (https://my350z.com/forum/showthread....0&postcount=36) it would have become all to obvious why these comparisons are pointless.

DavesZ#3

iTrader: (26)

More like 14%. For somebody with little or no credit rating, that's what you'd expect on a 5 year loan.

jerseystyle

iTrader: (22)

I had a Soldier of mine get raped at 19%. Some people with horrible credit don't have many options.

Just because that's all it's worth to you doesn't mean that's what it's worth to someone else. What does your mortgage have to do with anything? Location, credit score, interest rate and down payment amount plays a HUGE role in how much your mortgage payment is.

Z33_kid

iTrader: (1)

seems about right ! .. i ust to pay that much about 2 years ago it sucks but thats the price of driving record

davidv

iTrader: (2)

If my arithmetic is correct the Z will be 11 years old when the loan is paid. Expensive to drive on the banks money.

350ZZJoe

iTrader: (2)

Just to throw it out there, for a comparison. Even though it is even more off because I live in Canada. I just purchased a 2006 Z Base.

My payments for the car are about $290/month and my insurance is about $290 as well.
The car was $18,000 with $5000 down, 60months bi-weekly payments. And I am 20yrs old living at home, clean record, good credit rating (as good as it can be for a 20yr old).

And I know I couldn't have gotten a better interest rate no matter what, its a used car, it is what it is. But I will paying off the loan in under 2 years for sure. And I know what I pay for insurance is a steal compared to what young guys my age around here pay. It is ridiculous.

In the end is it worth it? Yes. Absolutely, if I wanted to save a couple hundred dollars a month, I'd drive a Cobalt...again.

Joe.

jerseystyle

iTrader: (22)

^^what APR?

carsfreak88

iTrader: (3)

i took a 3 year loan on my 06 z and i am paying 290 a month and 170 for insurance and i live in new york
so i think ur deff paying to much

winchman

I've always thought transportation expenses should be less than 20% of after-tax income. You're paying over $700 a month for car payment and insurance. You need to add some property taxes, gasoline, and maintenance expenses to the $700.

So, I'd say you're paying too much for the Z unless you're bringing home at least $4000 a month.

jerseystyle

iTrader: (22)

At 0% APR (which I doubt you got) that's roughly a 10K loan. So either you put down a lot of cash or you got an amazing deal on your Z