[PorkchopExpress]

Originally Posted by kttxz06

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.

There are a few things I didn't go into why the remainder was so high.

1. I had ~$8k left in my last car (had under 1% financing, so it didn't make sense to pay it off since I was making more money with the cash invested).

2. I actually purchased 2x ZL1's over a course of 10 days. (Always bring your helmet when test driving a car if you plan on tracking\autox'ing your car!)

If rates were still lower, I wouldn't have put as much down. I'll probably end up paying early anyway since interest is over 3%.

[ARS1]

$3k Under MSRP $0/mo for my 1LE. Best deal I could find...

But the Wife's ZL1 was $0 Down and the payment is just under $1,200/mo on that one.

Also bought 2 ZL1's but in 2 days Bought mine one day then returned the next day to "LOOK" with the wife at an SS 1LE they had at the time and then bought hers...

[PorkchopExpress]

Originally Posted by ARS1

$3k Under MSRP $0/mo for my 1LE. Best deal I could find...

But the Wife's ZL1 was $0 Down and the payment is just under $1,200/mo on that one.

Also bought 2 ZL1's but in 2 days Bought mine one day then returned the next day to "LOOK" with the wife at an SS 1LE they had at the time and then bought hers...

Your 2nd ZL1 is awesome. Mine was more of a dipshit tax.

Congrats!

[spotswood]

financing aside, I bought my ZL1 1LE sight unseen as I bought the dealers one allotment.
There was no financing involved with mine and I could not get the dealer below window sticker which was $73 K and then tax on it.

It was a 2018 in July of 2017 when I took delivery and it was one of the early cars being made.

[Deadmau5]

20k down got the car with less than 1200miles on it from a good friend for 58k after tag title etc payment is 620$ 60months

Sent from my Pixel 2 XL using Tapatalk

[hashtag]

Originally Posted by Deadmau5

20k down got the car with less than 1200miles on it from a good friend for 58after tag title etc payment is 620$

Sent from my Pixel 2 XL using Tapatalk

That is a really good deal. Word!!!

[Snakebt6]

I paid 62,500 new 2018 with 7 miles for my A10 PDR optioned car. It also has the roof and trunk decal.

I traded my '15 SRT Challenger and was 12k to the positive based on my trade value. I used the 12k equity in my trade, put 0$ dollars of my own down.

I got a good interest rate and am 802 a month for 72 months. Thats with the rim and tire protection insurance thing plus Gap coverage from the dealer as well as tax title etc.

I get a car allowance from my job as well so I don't really pay all that much out of my own pocket for this car. I'm pretty lucky.

Regarding the cash thing..Id only pay cash if I got a super steep, like a super steep discount on the car by doing so, as well as if the interest costs for the life of a potential loan were part of that discount. (Youd have to figure out what the loan would cost you and that would have to be part of the discounted price.) More then likely that # is below cost on a car like this and the dealer wouldn't do it. But every now and then you can make it happen based on cars being left over inventory etc youd get lucky.

Best way to find out is walk into the dealer with a paper bag full of cash and price in your head of what its worth to you LOL.

They say some of the biggest losers for paying cash are Furniture, Clothes and Cars.

[Indypete]

Originally Posted by Larrio Andretti

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!

LOL, and I mean that in a good way :-)

[SammyDog]

2018 ZL1 vert
$72.6k OTD (taxes, tag inc.), A10, nav
35k down
2.5% for the loan, 72 months (822 credit score)
$573 a month
~$100 / month for insurance, $500k liability, less than 7500 mi per year (WE car)
That's the budget.

That said, when I tested a Hellcat last Dec, I asked the salesperson what the down payments typically were, and info about the demographics of the typical buyer. They could not keep a Hellcat on the floor for more than a week back then. I was monitoring their sales online. I did not do that for the ZL1. Anyway the price range is about the same, may be a little higher for the HC, so this might help.

Back then he told me that most folks put around $11k down. The age range was from mid-20s to late 50s. They sold 1 to 3 units a week typically. The WB body was not out yet back then. Demons did not sell well.

[Fraxum]

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?

Agreed about the pointless show off post. But I think it is a good question the OP posted. Just buying the ZL1 new means you are flushing at least $10K down the toilet or more just driving off the lot. Perspective buyers should think about that as they consider the ZL1 seduction. And secondly consider the payment cash flow for at least 60 months and how much that is really costing you in interest.

And if you want to make it really complicated you can consider gambling DP $$ versus $$ in the volatile stock market ready for a big correction and reacting to a disintegrating government. Cash anyone? Will that fail too?

And the buyer who stretches their finances to buy an expensive toy should think about the long slog of payments after the newness wears off and possible buyers remorse sets in.

We are trained from birth to be consumers. Just think about that and don't let yourself get into trouble.

[unavailablezl1]

Some people on this thread have really stepped away from the original OP question and that's ok. So to put the cash/no cash in another light, what makes the most sense? More down, lower payments, less down bigger payments, Zero down huge payments. The way I see it and it is a fact, you get a good credit rating from making good payments. You get Zero credit rating from paying one lump cash. If you get a Zero Interest rate (or very low), which I have gotten, that IS paying cash just in payments. The smart thing is to keep your cash, invest it and make money then make payments and get a good credit rating. Use their money. It is the American way!!

Oh and BTW, to invest, buy WDFC stock. I have already made 13% ROI in 6 months

[stkshft]

My 17 ZL1 with PDR, exposed carbon fiber hood, and Krypton Green paint stickered for 66,500. I talked them down to 61,700. I put down 30k cash and financed the rest for 6 years @ 2.9% which resulted in a monthly payment of about $450. That was in May 2017. In May 2018 I paid off the loan in full.

[JB'sZL1]

Originally Posted by Fraxum

Agreed about the pointless show off post.

Pointless? Show off? The direct question was "how much", and I replied "all." Please explain to me sir how that is not a direct answer to his simple question. A sum was requested with a quantity. I can't break it down any simpler.

How is that pointless or show off? I'll repeat, simple comprehension and, ultimately, critical thought, is nonexistent for some.

[JB'sZL1]

Originally Posted by unavailablezl1

The smart thing is to keep your cash, invest it and make money then make payments and get a good credit rating. Use their money. It is the American way!!

That is true some of the time. If the op is overextended, or, should some unforeseen catastrophe occur, banks are unforgiving. Then his credit drops like a rock if there is a repo. Only the op and each individual buyer can answer that question.

The flip side of that point is cash is king, and you don't need credit if you have the cash. I'm not trying to school anybody, but I took the op as more of a poll rather than an advice column. It would be foolish to ask Z owners how much "ought" to be paid down, vs. what "did" they put down...would it not? After all, the latter is the question that was asked. And advice was not requested. = Not enough data, and we're not the op's financial consultants.

The irony, as I posted in my first reply was to the statement "not putting to much down and payments not to crazy." Only the op can answer:
1: what is too much; and,
2: what constitutes payments not too (sic) crazy

The remainder is a rather simple calculus: X price - Y down = Z payments (depending on rate, tax, title, license, insurance, etc.).