I'm not here to start one of those "Can I afford Z payment threads" As my only problem is choosing the right car...I'm just curious to see what payment options everyone on this board took...If you would, post whether your leasing or buying, your down payment, and your length of term...If you'd like you can add in %interest and monthly payments...If you feel this information is too personal, then I'm sorry to have offended you and you need not reply...Thanks guys

 

Depending on how much you put down could lower or raise your interest...just FYI

 

you should try www.edmunds.com. They have this financial calculator that can estimate how much you pay monthly on any car depending on the amount that you put down.

 

Hey guys I appreciate the help..But I'm not looking to calculate what my payments would be..I just like to see what routes people took be it leasing or financing and the length of the term...If you'd like you can leave all of the numbers out of it, they don't matter much to me...I just know people have different perspectives on leasing or buying and I wanted to see how most of the Z community feels...Sorry for the mixup

 

Mine is over 5 years

 

oh and I am not a big fan of leasing.

 

$31000 for 6 years at 5.89% the payment is 514 a month. That was out the door for a silverstone touring with 18k miles on it.

I didn't care what the interest rate was or the term because as soon as I sold my other car, I put that money down plus some savings and refinanced the remaining $12k left on the Z for 12 months at 2.9% interest on a credit card. all I owe now is about $8.5k but i'm paying $1200 a month till around December 04. Thats when I plan to be debt free. 2005 is going to be a great year!

 

Paid cash. Love the interest rate ....I'm just bein' a smart-azz. Ignore me!

 

I'm financing $25K for 4 years at 4.33% - payments are $568/month.

 

Hey guys,
Much better on the responses, exactly what I was looking for...Interesting tactic on the credit card consilidation or whatever that was, I'll look into that for next time...

 

Still no leasers???

 

I considered paying cash also, but I just bought a new home in cash, man that brief case was heavy...haha I wish...Anyways, congrats to you though kcobean you've obviously made smart decisions in the past...Which I realized through your "Real cost of a z" thread which I replied too and thought was very well put together...

 

Here's a leaser. I went the residual lease route because:

1. I have another vehicle to drive during the crappy Cleveland winters (no mileage concerns)

2. The other vehicle (Jeep Grand Cherokee 5.9L) was also a residual lease in which I bought out at the the end. What was nice is at the end of the term, I was able to negotiate a lower price then my actual residual. The residual was $16.9 and I ended up paying $15k.

3. Payments lower, still have option to buy or trade in for newer model (lease loyalty sometimes is an advantage)

OK, here's my deal:

Bought a 03' Performance with 9k miles for $26.5k (they were asking $30k on the lot). I put down $3k and my payments are $288 a month for 48 months with a $13.5k residual. This is with 12k miles a year allowance. I liked the residual as the Z has been predicted to hold it's value well. So...when lease is up, depending how things have gone, I can negotiate the residual to buyout or release/buy something else. Again, this all worked very well for me on my Jeep (which had a residual UNDER the current bluebook). Hope I helped - good luck with the Z, you'll love it!

Cheers

 

I put about $21k down, took out $7,500. 5 years = $153/month @ 8.something percent. Should pay it off much faster though. Maybe 1-2 years.

 

WOW now thats a nice car payment...Guess it helps to put 21k down...Goodluck with the Z

 

4k down @ 3.9 for 60 months...paid invoice 25903 which comes out to about 430 a month for a buy

 

60 month lease (15,000 mile), $5,000 down. I've developed a pattern of new cars every 5 years. As much as I love this car I know I'll want something new at the end of the term. I'm selling my old car private party so the $5,000 comes out of that and keeps my payment nice and low...

CS Enthusiast Roadster - $380.00 monthly

 

.wow
thats a little steep.

The short term leases on the z (36-42mos) are very good, no need to go longer, the payment doesnt drop off enough to justify long term IMO. Now thats assuming you use NMAC, which i recommend on the lease. Other leasing companies may have better long term payments, but I want customers to keep leasing and nmac is very customer friendly on a more consistent basis