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Old 02-26-2010, 03:27 AM   #1
Fandango
(In Z/28 Therapy)
 
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Drives: 67, SS - RS Camaro
Join Date: Mar 2008
Location: Zephyrhills, FL
Posts: 461
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OK, I need Z/28 Therapy PLEASE HELP!!!

:(OK.

I've been out of the picture for a while now. Most of the tenured members on here know me as a huge Z/28 honk. But I've been getting this horrible fever, an insatiable desire to own a Camaro. I don't think I can wait any longer. Sure, I not ready to buy a Z/28 now, but I may be by early 2012. I only say that because I have a feeling the Z is going run in the 50k's, I can easily trade in my RX-8 and get my SS with $2000 down and get at least $8000 or more for my RX-8. I only buy the best but I don't like too many bells and whistles so I'm eyeballing a Manual 2SS RS, no sunroof, no 22's, maybe some stripes. $37,000 new or about $31,000 used. However, I still intend to get a Z/28. I'm sure I'll be able to do this in a couple of years. But, I just can't wait any longer. I figure this much, I'm Finance guy so this is what I'm looking at:

First Case:

New 2SS/RS $37,000 -$2000, - $8000 in trade = Present Value of $27000

PV= $27,000
Interest= 7% APR or .5833 APY (car Loans really go by this monthly compound)
Future value= $0
Period = 60 months
Payment = $534.63

Second case:

USED 2SS/RS $31,000 -$2000, - $8000 in trade = Present Value of $21000

PV= $21,000
Interest= 7% APR or .5833 APY (car Loans really go by this monthly compound)
Future value= $0
Period = 60 months
Payment = $415.82

So, after 24 monthly payments if I buy the car by the end of the year will leave me in Dec of 2011 or Jan 2012, leaves me with a balance of $17000 on the NEW Camaro or about $13,000 on the USED. Do you think it will have enough equity to trade in for a Z/28? Or should I just wait for the Z/28 to come out? If I wait, I'll lose a lot of trade in value on the RX-8.

I really am killing myself over this. I have a fever, and only thing that can cure it is more Camaro.

What should I do?? Should I drop the whole Z/28 thing? Should I just go buy an SS and the Hell with the Z? Should I wait? Will my plan work? Does Charlie Daniels play a mean fiddle?

Help me! I need therapy from any one! Owners, prospective buyers, fellow Z/28 honks. Please guide me. I am at your whim.

:(
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