[DANACO]

61k/49k down/$220mo.

[GT-ER]

My 18 was 65K out the door. I put $20k down and pay a little over $600 a month. I am more afraid of monthly payments on anything than I am of putting large down payments. I'd rather get it over with as quickly as possible not have lingering loans that I may or may not be able to pay in the future. I try to keep it at a minimum at least.

[likerage]

Originally Posted by mdmoore23

Why is there always at least one of these guys in every "payment" thread? Obviously you can't contribute since you always pay cash, so why is there still an urge to post your pointless, arrogant reply?

You answered your own question

[Stoner]

Put 40k down, financed the balance for 3 years, i pay 800 a month to pay it off a bit early.

[Larrio Andretti]

Originally Posted by mdmoore23

Why is there always at least one of these guys in every "payment" thread? Obviously you can't contribute since you always pay cash, so why is there still an urge to post your pointless, arrogant reply?

Because they’re ballers and ballers want everyone to know they were born with cash! Finance sir? F*ck off! I pay cash! Suitcases of it!

[hashtag]

First 17 ZL1 10K down. Traded-up to a 18 ZL1 1LE $8500 Down the. $1500 down on the new 18 ZL1 A10 $1,100 monthly #60 months. I have the $ & would never pay cash for a car. My money is invested. Role of investments is 1K invested is 15K for retirement. That is just standard. The investment gain supersedes the loan interest.

[JB'sZL1]

Originally Posted by mdmoore23

Why is there always at least one of these guys in every "payment" thread? Obviously you can't contribute since you always pay cash, so why is there still an urge to post your pointless, arrogant reply?

You sir, are an erudite sophisticate.

[Gunkk]

Originally Posted by mdmoore23

Why is there always at least one of these guys in every "payment" thread? Obviously you can't contribute since you always pay cash, so why is there still an urge to post your pointless, arrogant reply?

Why? Because a "100% down" payment is a choice. Just like 0% and every other number in between.

Pointless? No. While not everyone can make the choice, there are benefits to doing so: no debt load, no interest and "fees" which are often in the 0.6-1% range, no credit burden should you be in the market for a house soon, etc.

Consequences? Sure. You burn a bundle of cash that could otherwise be used for investing, etc.


The OP asked for input. Answers were given. Seek to understand them.

[likerage]

Originally Posted by Gunkk

Why? Because a "100% down" payment is a choice. Just like 0% and every other number in between.

Pointless? No. While not everyone can make the choice, there are benefits to doing so: no debt load, no interest and "fees" which are often in the 0.6-1% range, no credit burden should you be in the market for a house soon, etc.

Consequences? Sure. You burn a bundle of cash that could otherwise be used for investing, etc.


The OP asked for input. Answers were given. Seek to understand them.

I have the ability to pay cash for my car however I make more in investments than I pay on my 1.25% loan. But that is my case and clearly not everyone's.


What is everyone's case is that purchasing a ZL1 is not a brilliant financial decision. So to get in to a pissing contest on who was more fiscally sound during their purchase is silly. We all spent a relative ton of money on a car, which makes us all financial dimwits.

[JB'sZL1]

Originally Posted by Gunkk

Why? Because a "100% down" payment is a choice. Just like 0% and every other number in between.

Pointless? No. While not everyone can make the choice, there are benefits to doing so: no debt load, no interest and "fees" which are often in the 0.6-1% range, no credit burden should you be in the market for a house soon, etc.

Consequences? Sure. You burn a bundle of cash that could otherwise be used for investing, etc.


The OP asked for input. Answers were given. Seek to understand them.

Thank you...well stated. I was going to into lack of comprehension and critical thought. I made three points (I wrote there was an inherent contradiction in his post, and I welcomed the op on his first post) in my short statement, and this member rips on one of the three, apparently, because he doesn't like the answer.

Originally Posted by likerage

I have the ability to pay cash for my car however I make more in investments than I pay on my 1.25% loan. But that is my case and clearly not everyone's.


What is everyone's case is that purchasing a ZL1 is not a brilliant financial decision. So to get in to a pissing contest on who was more fiscally sound during their purchase is silly. We all spent a relative ton of money on a car, which makes us all financial dimwits.

Well, I wouldn't say we're all dimwits. The other member got into name-calling. Some of us have disposable income. Others are willing to work a few extra hours a week to easily afford Z. Still others buy a Z without much thought of financial consequence because they just have to have a Z.

I'd say we're car enthusiasts at a perfect time to be so. Who'd have thought placing 800 or 1000 rwhp on a car was unimpressive just 6-8 years ago? People are make "safe" 10, 9 even 8 second cars without "much" additional money. I still pinch myself over these facts.

[Artos]

I paid cash too, but I waited 47 years to get my first sports car.

Everybody's situation & angle is subjective...look at kttxz06's reply. I have to admit, it made me smile. Likerage makes a good point, but I hate payments & figure the depreciation likely would make it a draw.

We drove 10yr+ old vehicles, paid off the mortgage & invested. One person's priority is another one's living hell. Getting up & working just to meet monthly payments is insanity IMO. For others, (mostly younger) the thought of driving an older reliable & paid off car is too painful to even consider.

I wouldn't be so eager to throw stones for those who paid cash...it comes across as being envious, which is a hell of a lot worse than calling the other arrogant. Bottom line is new car purchases are horrible financial decisions in most cases.

[PorkchopExpress]

$40,000 down, ~$650 payments on remainder. I purchased the 100,000\10 year warranty as well since I daily drive the car and plan on keeping it, hence the extra cost.

[unavailablezl1]

I traded in the GT350. After they paid off what I owed, then the rest went for the downpayment of $21k. I paid $63k on 03/10/17, M6, Sunroof, PDR. I got a 60 month note at 3.45% interest with a payment of $788. I make a payment every 2 weeks to pay it off soon. I owe $16k. Can't wait to get my title.

[kttxz06]

Originally Posted by PorkchopExpress

$40,000 down, ~$650 payments on remainder. I purchased the 100,000\10 year warranty as well since I daily drive the car and plan on keeping it, hence the extra cost.

See, that scares me a bit. I put $0 down and am paying $950/mo. That's $300/mo more than you, so even after I keep the car say 2 years, I'm only in it for about $7500. Of course, I've spent close to $30k in mods, hahahahahahaha, but you get my point. The good thing is tho, you win on the back end when you trade it in cus I'll be upside down a good $40k. haha. So, see, it's about the same if you think about it. U just put your $ up up front. I'm gonna pay for it on the back end. Most likely.