Car Payments? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

blahzay · 05-30-2013, 01:11 PM

None of you have to answer if you don't want but Im just curious as to what you payment is looking like. Reason I ask is because I REALLY want a ZL1 but got to see if its within my budget. I had my 2010 SS and was paying about $630 a month comfortably and figure if I could get somewhere close to that (within $100) that I might make the leap.

Just curious as to how much down, term and payment. Hahaha.

At the end of the day, you all have a beautiful car and if I myself cant get one then Ill at least jump back into another V8 and just build it as I can.

2010SLVRBULIT · 05-30-2013, 01:35 PM

just depends how much you put down and length of loan...for me it was almost $1k/mnth(dang mortgage already, and add insurance, gas, tax/license, etc

)..meh, maybe a gently used GT500 is a better option.

kmthor00 · 05-30-2013, 01:39 PM

Zero down, 72 months, 2.00%, $891

littlecammi · 05-30-2013, 01:58 PM

Quote:

Originally Posted by nyrfan

There are people here with no payment.

I have no payments but I am not wealthy. I forego immediate gratification and just save for five or more years first in order to pay cash for a car. It takes will power, but I have followed this regimen for the last thirty years and have paid cash for all of our current cars: my '96 Mustang Cobra, my '01 Mustang Cobra, my '08 Shelby GT500, my wife's '13 Mustang GT, and my '13 ZL1 Camaro. The key is doing this for the first car. Using this system, the same day you pay cash for the first car, you can start on the years of saving towards the next one.

2012-1822 · 05-30-2013, 02:02 PM

I absolutely cannot imagine taking on a payment that big. My opinion, nothing personal to anyone in here,is that uunfortunately unless you can put a lot more down, as in all of it, you kind of can't afford it. I was fortunate. But if I had not been in the position I was in I wouldn't have bought a ZL1.

OP. Dont know anything about your situation, but what happened to your SS? Did you pay it off? And if you now pick up a $700-$800 a month payment, what happens if you lose your job?

Some people will get mad at me and say so "so only rich people should be able to buy a ZL1?" Well yeah. And no. I mean rich people can do what they want. But for people like me I made sacrifices and choices to get my ZL1, 90 hrs a week, no life, not going out, things like that.

I'm stepping off the soap box now. There are just a lot if things that need to go into a car purchase decision.

2012 ZL1#1658 · 05-30-2013, 02:06 PM

It is very tough to swing when you don't have a down payment of any sort. Fortunately for me I traded in my 11 SS (Fully paid off) and got 28k for it which provided a nice down payment. All in all I'm paying $550 a month currently.

DRTH VDR · 05-30-2013, 02:07 PM

Sold my 2009 Mercedes Benz C63 AMG for $48K took the allowance stash I had in a cigar box and left the dealership with my ZL 1 and a lien free title. Zero $ for Zero months is the way to go.

Al C. · 05-30-2013, 02:20 PM

It's easy math... Y you ask people on a forum? you'll get all kinda of answers..

kmthor00 · 05-30-2013, 02:24 PM

Quote:

Originally Posted by Al C.

It's easy math... Y you ask people on a forum? you'll get all kinda of answers..

Agreed

RiCorvette · 05-30-2013, 02:26 PM

Google search is very helpful

http://www.bankrate.com/calculators/...alculator.aspx

Don't forget to add in Tax, Lic, dealer fees, etc

2012-1822 · 05-30-2013, 02:27 PM

Quote:

Originally Posted by Ricamaro

Google search is very helpful

http://www.bankrate.com/calculators/...alculator.aspx

There you go, there are all kinds of loan calculators you can pull up, just need to guesstimate an interest rate

casper sc/1ss/rs · 05-30-2013, 02:30 PM

Go to a dealer and get some numbers, then you decide if you can swing it. Just because you go talk to them dont mean you have to leave with one. Good luck

DangerZL1 · 05-30-2013, 02:39 PM

You don't even need to talk to a dealer. A car payment is easy to calculate. I have an amortization spreadsheet in Excel that I use to keep up with my mortgage and any car payments.

The best tip I can offer to anybody buying a car is to know what a good interest rate is for a loan. The financing part of a car purchase is another deal outside of negotating any discount or trade value. If you know you can get 2% financing outside of the dealer, then they know what they have to beat to earn your financing too.

blahzay · 05-30-2013, 02:39 PM

Quote:

Originally Posted by 2012-1822

OP. Dont know anything about your situation, but what happened to your SS?

No, I was actually hit after someone hydroplaned across the freeway and totaled it :-(. I had made a thread about it here.

http://www.camaro5.com/forums/showthread.php?t=274560

But I have some money saved (not enough to pay it off) but enough to where I feel I may be able to get where I once was. I love the look of the ZL1 but like I said, if Im not able to do it once the 14's come out then I will just get another SS and mod it until its similar. Hahaha.

05-30-2013, 01:35 PM	#2
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,527 View My Garage	just depends how much you put down and length of loan...for me it was almost $1k/mnth(dang mortgage already, and add insurance, gas, tax/license, etc)..meh, maybe a gently used GT500 is a better option.

05-30-2013, 02:02 PM	#5
2012-1822 Drives: Black ZL1 Join Date: Apr 2013 Location: City of Champions, Alabama Posts: 3,698	I absolutely cannot imagine taking on a payment that big. My opinion, nothing personal to anyone in here,is that uunfortunately unless you can put a lot more down, as in all of it, you kind of can't afford it. I was fortunate. But if I had not been in the position I was in I wouldn't have bought a ZL1. OP. Dont know anything about your situation, but what happened to your SS? Did you pay it off? And if you now pick up a $700-$800 a month payment, what happens if you lose your job? Some people will get mad at me and say so "so only rich people should be able to buy a ZL1?" Well yeah. And no. I mean rich people can do what they want. But for people like me I made sacrifices and choices to get my ZL1, 90 hrs a week, no life, not going out, things like that. I'm stepping off the soap box now. There are just a lot if things that need to go into a car purchase decision. __________________ Check out Alabama Camaros, for Camaro enthusiasts all around Alabama https://www.facebook.com/groups/1739...group_activity Last edited by 2012-1822; 05-30-2013 at 02:28 PM.

05-30-2013, 02:06 PM	#6
2012 ZL1#1658 Drives: 2012 Camaro ZL1 #1658 Join Date: Jul 2010 Location: Pennsauken, NJ Posts: 595	It is very tough to swing when you don't have a down payment of any sort. Fortunately for me I traded in my 11 SS (Fully paid off) and got 28k for it which provided a nice down payment. All in all I'm paying $550 a month currently. __________________ 2012 ZL1 (BLACK on BLACK) Roto-Fab CAI RX Catch Can 3M Paint Protection 2011 1SS/RS (BLACK on BLACK) <SOLD>

05-30-2013, 01:11 PM	#1
blahzay Drives: Camaro SS Join Date: Jun 2010 Location: California Posts: 228	Car Payments? None of you have to answer if you don't want but Im just curious as to what you payment is looking like. Reason I ask is because I REALLY want a ZL1 but got to see if its within my budget. I had my 2010 SS and was paying about $630 a month comfortably and figure if I could get somewhere close to that (within $100) that I might make the leap. Just curious as to how much down, term and payment. Hahaha. At the end of the day, you all have a beautiful car and if I myself cant get one then Ill at least jump back into another V8 and just build it as I can.

05-30-2013, 01:39 PM	#3
kmthor00 Drives: 2013 ZL1 Black Join Date: Oct 2009 Location: Frankfort, Illinois Posts: 248	Zero down, 72 months, 2.00%, $891

05-30-2013, 02:07 PM	#7
DRTH VDR Drives: 2012 triple black ZL-1 #799 Join Date: Jun 2012 Location: Ocean Springs, MS Posts: 191	Sold my 2009 Mercedes Benz C63 AMG for $48K took the allowance stash I had in a cigar box and left the dealership with my ZL 1 and a lien free title. Zero $ for Zero months is the way to go.

05-30-2013, 02:20 PM	#8
Al C. Drives: ZL1 #529 "El-Jefe" Join Date: Mar 2012 Location: Las Vegas, NV Posts: 668	It's easy math... Y you ask people on a forum? you'll get all kinda of answers..

05-30-2013, 02:26 PM	#10
RiCorvette Drives: 2017 Corvette Grand Sport 3LT Join Date: Oct 2010 Location: Center of the known Universe Posts: 863	Google search is very helpful http://www.bankrate.com/calculators/...alculator.aspx Don't forget to add in Tax, Lic, dealer fees, etc

05-30-2013, 02:30 PM	#12
casper sc/1ss/rs Drives: 2011 camaro ss vortech supercharged Join Date: Aug 2011 Location: marion VA. Posts: 524 View My Garage	Go to a dealer and get some numbers, then you decide if you can swing it. Just because you go talk to them dont mean you have to leave with one. Good luck

05-30-2013, 02:39 PM	#13
DangerZL1 Drives: 2023 Black ZL1 Auto Join Date: Oct 2009 Location: FEMA Region 4 Posts: 2,935	You don't even need to talk to a dealer. A car payment is easy to calculate. I have an amortization spreadsheet in Excel that I use to keep up with my mortgage and any car payments. The best tip I can offer to anybody buying a car is to know what a good interest rate is for a loan. The financing part of a car purchase is another deal outside of negotating any discount or trade value. If you know you can get 2% financing outside of the dealer, then they know what they have to beat to earn your financing too.