View Poll Results: Will you still invest in the 370z?
Yep! Cuz I'm Rich!!
11
28.95%
Nope! Would be the wise decision...
27
71.05%
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Economics Experts Predict Depression in 2010
#1
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Economics Experts Predict Depression in 2010
Since I work at night, I have plenty of time to listen to talk radio 1530 AM and all they talk about now is our recession and the Big 3 US Automakers not getting their 25 Billion dollars from Congress. A lot of experts give advice on the radio show that the US will very likely be in a depression by 2010. Stocks are at all time low. I wonder if investing in a 370z is a good decision right now? Plus its also very badly timed for Nissan to debut their next generation at an economic crisis like right now. Who is still determined to invest in a 370Z when it is available in February 2009?
#3
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You mention investing and 370Z in the same sentence. The 370Z is a vehicle. And any vehicle is a depreciating asset.
I assume you mean buy.
In a recession or depression (little point in debating the difference) cash is king. For those with cash there are some great investment opportunities available: real estate, stock.
If you choose to spend cash on a car or TV or computer, that’s up to you.
I assume you mean buy.
In a recession or depression (little point in debating the difference) cash is king. For those with cash there are some great investment opportunities available: real estate, stock.
If you choose to spend cash on a car or TV or computer, that’s up to you.
Last edited by davidv; 11-20-2008 at 06:32 AM.
#4
Since I work at night, I have plenty of time to listen to talk radio 1530 AM and all they talk about now is our recession and the Big 3 US Automakers not getting their 25 Billion dollars from Congress. A lot of experts give advice on the radio show that the US will very likely be in a depression by 2010. Stocks are at all time low. I wonder if investing in a 370z is a good decision right now? Plus its also very badly timed for Nissan to debut their next generation at an economic crisis like right now. Who is still determined to invest in a 370Z when it is available in February 2009?
This is ALL speculation though. If the Big 3 US automakers dont get bailed out....then foreign producers will have a HUGE competitive advantage. Just imagine half your competition going away. If the government somehow does bail out GM I think they are just going to continue to produce crappy products. There is a REASON why they aren't selling and its because their products are sub-par to the rest.
This makes me think about the F'in banks......the govt bails out those who made horrible decisions and lent money to people they knew weren't going to be able to pay them back. Should we bail out GM even though the reason they are in this Shi*er is because of their crappy products??? Too much to think about
#5
Exactly. I'm not in the field, but I was an econ major, then went into int'l business & finance. I saw this coming, and sold my house over a year ago.. at the peak. Now, I'm cash heavy... renting cheaply, watching everything collapse. Investment opportunities abound... and will continue to do so.
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You mention investing and 370Z in the same sentence. The 350Z is a vehicle. And any vehicle is a depreciating asset.
I assume you mean buy.
In a recession or depression (little point in debating the difference) cash is king. For those with cash there are some great investment opportunities available: real estate, stock.
If you choose to spend cash on a car or TV or computer, that’s up to you.
I assume you mean buy.
In a recession or depression (little point in debating the difference) cash is king. For those with cash there are some great investment opportunities available: real estate, stock.
If you choose to spend cash on a car or TV or computer, that’s up to you.
Everything that I was going to say right there. It's not an investment.
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Agreed. Sorry for confusing the terms. Financing a vehicle right now, especially a 370Z, is nearly impossible now. Buying with cash will likely land you a great deal because no one is buying. They also mention that Christmas will SUCK this year. Santa aint coming this year...
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Agreed. Sorry for confusing the terms. Financing a vehicle right now, especially a 370Z, is nearly impossible now. Buying with cash will likely land you a great deal because no one is buying. They also mention that Christmas will SUCK this year. Santa aint coming this year...
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
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I bet over 60% of the US could walk in and finance a 30k car tomorrow. Lending has only went away for people who shouldn't have been buying in the first place.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
exactly
#12
I bet over 60% of the US could walk in and finance a 30k car tomorrow. Lending has only went away for people who shouldn't have been buying in the first place.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
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I bet over 60% of the US could walk in and finance a 30k car tomorrow. Lending has only went away for people who shouldn't have been buying in the first place.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
And as to price - there is only so much mark up on a Z. Your all cash purchase doesn't mean much and won't get you a better deal. In fact, a dealership will see cash as a lost opportunity to make money off you from their financing kick back from banks.
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Since I work at night, I have plenty of time to listen to talk radio 1530 AM and all they talk about now is our recession and the Big 3 US Automakers not getting their 25 Billion dollars from Congress. A lot of experts give advice on the radio show that the US will very likely be in a depression by 2010. Stocks are at all time low. I wonder if investing in a 370z is a good decision right now? Plus its also very badly timed for Nissan to debut their next generation at an economic crisis like right now. Who is still determined to invest in a 370Z when it is available in February 2009?
Dude listening or watching the media is going to rot your brain.
Don't know about anyone else but I could do without political discussions in this forum.
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I'm wishing that every day. I'm in near desperate need of a new car and this is looking to be the perfect time to purchase. It might not make sense for people who tend to replace their vehicle every 2 years but for someone needing a new car that they plan on keeping for over 5 years, this should be a good year.
#17
Exactly. The peeps b1tching about financing are the same peeps that shouldn;t be financed to begin with. Anybody with verifiable income, a decent credit score, and a 20% down payment can buy a $30K car these days.
If you don't have 1 of these 3 requirements above, you shouldn't be buying a car, anyway. Especially the down payment... so many people live beyond their means these days. Savings, whut? I've put down at least 30% on every vehicle I've purchased, and it's a damn good feeling...
If you don't have 1 of these 3 requirements above, you shouldn't be buying a car, anyway. Especially the down payment... so many people live beyond their means these days. Savings, whut? I've put down at least 30% on every vehicle I've purchased, and it's a damn good feeling...
#18
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Exactly. The peeps b1tching about financing are the same peeps that shouldn;t be financed to begin with. Anybody with verifiable income, a decent credit score, and a 20% down payment can buy a $30K car these days.
If you don't have 1 of these 3 requirements above, you shouldn't be buying a car, anyway. Especially the down payment... so many people live beyond their means these days. Savings, whut? I've put down at least 30% on every vehicle I've purchased, and it's a damn good feeling...
If you don't have 1 of these 3 requirements above, you shouldn't be buying a car, anyway. Especially the down payment... so many people live beyond their means these days. Savings, whut? I've put down at least 30% on every vehicle I've purchased, and it's a damn good feeling...
#19
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Since I work at night, I have plenty of time to listen to talk radio 1530 AM and all they talk about now is our recession and the Big 3 US Automakers not getting their 25 Billion dollars from Congress. A lot of experts give advice on the radio show that the US will very likely be in a depression by 2010. Stocks are at all time low. I wonder if investing in a 370z is a good decision right now? Plus its also very badly timed for Nissan to debut their next generation at an economic crisis like right now. Who is still determined to invest in a 370Z when it is available in February 2009?
#20
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You don't have to be "rich" to be able to finance a car, but you need to be able to make those payments. IMO, Z and "rich" shouldn't be used in the same sentence. I get called "rich" or "baller" even after driving the same (and only car I've purchased) for over 6 years.
I'm not rich, but I know I can make the payments especially if I have my '03 Z trade-in and then put some money down to lower the monthly payments. If I'm "rich," I would probably look past the Z and get a GT-R.
I'm not rich, but I know I can make the payments especially if I have my '03 Z trade-in and then put some money down to lower the monthly payments. If I'm "rich," I would probably look past the Z and get a GT-R.