For Those Who Financed.......
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Joined: Sep 2007
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Well you bring up a good point though. I imagine in 6 years time I will be salivating over some new car. Its probably best to lease considering my desires. Its just in the back of my head I think about how modding would be fun with this car, and maybe I would want to own it for that.... I'll figure it out eventually.
Oh btw, I wasn't checking the math on your loan to be stupid, I just wanted to know the actual price the car was, not including interest.
Oh btw, I wasn't checking the math on your loan to be stupid, I just wanted to know the actual price the car was, not including interest.
Last edited by GregH; Oct 19, 2007 at 08:22 PM.
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Joined: Sep 2005
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From: Long Island, NY
Fully financed equals no down payment. I left the dealer without putting a penny down. That is an awesome feeling!
6MT with all options except Active Steering Package, plus some extras (tint, clear bra). $52200 over 6 years is not that much. Considering the money I would have put down will net me at least 15% interest without the capital gains penalty.
I am big believer that if you can afford a car you can finance the whole amount. Besides, I am going to be making revenue from the down payment that is greater than the interest assumed on the life of the loan.
I know a handful of millionaires, who are seriously wet but still finance their cars because of the opportunity benefit of investing the down payment.
Besides a car should never ever be considered an investment but a liability.
I seriously doubt I will keep this car the whole loan term but the G37S is a great car for now.
6MT with all options except Active Steering Package, plus some extras (tint, clear bra). $52200 over 6 years is not that much. Considering the money I would have put down will net me at least 15% interest without the capital gains penalty.
I am big believer that if you can afford a car you can finance the whole amount. Besides, I am going to be making revenue from the down payment that is greater than the interest assumed on the life of the loan.
I know a handful of millionaires, who are seriously wet but still finance their cars because of the opportunity benefit of investing the down payment.
Besides a car should never ever be considered an investment but a liability.
I seriously doubt I will keep this car the whole loan term but the G37S is a great car for now.
I am very curious, how you get 15% rate of returns? If that's the case, then paying 5% interest on the car loan is a no brainer.
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Joined: Sep 2007
Posts: 783
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From: Portland, Maine
Fully financed equals no down payment. I left the dealer without putting a penny down. That is an awesome feeling!
6MT with all options except Active Steering Package, plus some extras (tint, clear bra). $52200 over 6 years is not that much. Considering the money I would have put down will net me at least 15% interest without the capital gains penalty.
I am big believer that if you can afford a car you can finance the whole amount. Besides, I am going to be making revenue from the down payment that is greater than the interest assumed on the life of the loan.
I know a handful of millionaires, who are seriously wet but still finance their cars because of the opportunity benefit of investing the down payment.
6MT with all options except Active Steering Package, plus some extras (tint, clear bra). $52200 over 6 years is not that much. Considering the money I would have put down will net me at least 15% interest without the capital gains penalty.
I am big believer that if you can afford a car you can finance the whole amount. Besides, I am going to be making revenue from the down payment that is greater than the interest assumed on the life of the loan.
I know a handful of millionaires, who are seriously wet but still finance their cars because of the opportunity benefit of investing the down payment.
IMO, I'd stay away from them.
Besides a car should never ever be considered an investment but a liability.
Last edited by go4gr8; Oct 24, 2007 at 01:48 PM.
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Joined: Sep 2007
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From: Portland, Maine
^^^ See I can completely understand your sentiment there. I would love to have a new car every few years. Yet, at the same time, this new g coupe's interior I could see being very enjoyable for 6 years. I mean, its not like having the nicely styled interior is going to just go out of "Style".
On the other hand, the actual body of the car, although I do like it, is not as stand out as I'd like. It just doesn't have that, hey, I spent 40k on this car, look. For instance, a Porsche Cayman or Cayman S is about 55-65k, not a huge cry away from this car. While it does not have anything to match the amenities of the interior of the G37, its exterior is timeless. I love the strong sport/exotic look of the Cayman and I could see that car being a car worth keeping for 20+ years just to have a classic that would eventually start gaining value.
Choices...Choices
On the other hand, the actual body of the car, although I do like it, is not as stand out as I'd like. It just doesn't have that, hey, I spent 40k on this car, look. For instance, a Porsche Cayman or Cayman S is about 55-65k, not a huge cry away from this car. While it does not have anything to match the amenities of the interior of the G37, its exterior is timeless. I love the strong sport/exotic look of the Cayman and I could see that car being a car worth keeping for 20+ years just to have a classic that would eventually start gaining value.
Choices...Choices
Are you looking at the Cayman S as well? What a coincidence it you are! I've test-driven it and I was looking to buy this before the G37S. But now the Cayman S will have to wait.
Both cars impressed me with what they have to offer.
Honestly, I know three certainties in my life:
1. I will die one day.
2. I will never be rich, in the sense that I will always have to work.
3. I will always live good.
So as far as choosing the most expensive route, thanks for stating the obvious palDOMO. But I really don't give a damn cause I can't take my money with me.
1. I will die one day.
2. I will never be rich, in the sense that I will always have to work.
3. I will always live good.
So as far as choosing the most expensive route, thanks for stating the obvious palDOMO. But I really don't give a damn cause I can't take my money with me.
You still chose the most expensive route, to finance it in the maximum months. The cost of ownership for you is quite large. But if you do as you say and invest that down payment, the more power to you. I'm also wondering what kind of millionaires teach you to pay maximum price on a liability instead of being smart and buying slightly used a couple years down the road. IMO, I'd stay away from them.
I'm glad you understand this part. Most people do not.
IMO, I'd stay away from them.I'm glad you understand this part. Most people do not.
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Joined: Sep 2007
Posts: 783
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From: Portland, Maine
Honestly, I know three certainties in my life:
1. I will die one day.
2. I will never be rich, in the sense that I will always have to work.
3. I will always live good.
So as far as choosing the most expensive route, thanks for stating the obvious palDOMO. But I really don't give a damn cause I can't take my money with me.
1. I will die one day.
2. I will never be rich, in the sense that I will always have to work.
3. I will always live good.
So as far as choosing the most expensive route, thanks for stating the obvious palDOMO. But I really don't give a damn cause I can't take my money with me.
I tried to sway someone into my idea of financing. But your right to each is their own. I live by the adage no risk no reward but that is definitely not the case for everyone.
Last edited by eperalta79; Oct 24, 2007 at 11:36 PM.
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Joined: Apr 2003
Posts: 235
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From: Ottawa, On
I went to see the car at the dealership and that's exactly how I felt. Not too sure I want it anymore but haven't looked at the interior yet which I'm sure will convince me to go for it eventually.