07-24-2009, 02:48 PM | #1 |
Drives: 2010 CGM Camaro 2SS Join Date: Jun 2009
Location: Columbus, New Jersey
Posts: 265
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Down Payment?
Obviously finances are considered private, but if you choose to share (I understand and respect if you choose not to), but how much is everyone planning/or has already to put down for down payment?
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Ordered: 26Jun2009
Built: 09Sep2009 Delivered: 21Sep2009 2010 2SS Cyber Grey Metallic Camaro |
07-24-2009, 02:53 PM | #2 |
Guest
Join Date: Jun 2009
Location: PA
Posts: 4,812
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Boy is that a loaded question. I don't know how this information could ever help you. That will be from 0 To cash for the whole thing. You have to look at your own finances to figure that out.
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07-24-2009, 03:47 PM | #3 |
Drives: 2010 CGM Camaro 2SS Join Date: Jun 2009
Location: Columbus, New Jersey
Posts: 265
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Well I already know what I'm putting down as a down payment. I'm just curious about others and if there's a specific range in which people are aiming for.
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Ordered: 26Jun2009
Built: 09Sep2009 Delivered: 21Sep2009 2010 2SS Cyber Grey Metallic Camaro |
07-25-2009, 06:56 AM | #4 |
Ollie
Drives: 02 Subrbn/94 Prizm/10 SSRS :) Join Date: Jul 2009
Location: Northern, CT
Posts: 393
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I only put down 500.00
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07-25-2009, 08:21 AM | #5 |
The Captain
Drives: 2010 2LT/RS SIM Join Date: May 2009
Location: Freehold, NJ
Posts: 1,499
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I put down $3750
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07-25-2009, 09:46 AM | #6 |
Drives: Black 2010 Camaro SS/RS Join Date: Jul 2009
Location: New Jersey
Posts: 96
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I have 7000 down and put anywhere from 1000-2000 down every few weeks. i dont wanna have to be paying for it for years to come
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Black 2010 Camaro SS/RS M6
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07-25-2009, 09:51 AM | #7 |
aka Patrick
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I only put $3,000 down..
told them to finance the rest or return my money and sell to another person..... so they financed it.
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07-25-2009, 04:46 PM | #8 |
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planning on $7,500 - $10,000
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07-25-2009, 05:23 PM | #9 |
Paid cash
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07-26-2009, 09:11 PM | #10 |
Drives: Audi A5 Join Date: Jul 2009
Location: NJ
Posts: 98
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planning to put 1000 down
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07-26-2009, 09:31 PM | #11 |
Drives: 2010 CGM Camaro 2SS Join Date: Jun 2009
Location: Columbus, New Jersey
Posts: 265
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nice. i was really just trying to get an idea of what everyone intends to put down. I plan on putting down between 13k and 17k. we'll see how it goes come time of delivery.
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Ordered: 26Jun2009
Built: 09Sep2009 Delivered: 21Sep2009 2010 2SS Cyber Grey Metallic Camaro |
07-27-2009, 11:40 AM | #12 |
Drives: 2003 Eclipse & 2010 2LT SW Camaro Join Date: Jun 2009
Location: Middle Village, Queens NY
Posts: 155
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NEVER pay anything CASH. Why would you pay cash if you could get 5.5 or even 6 percent on a loan and now take your money and put it in a 7 to 7 1/2 percent preferred stock. You will still come out 1 to 1 1/2 percent higher. Of course you need the cash to cover your monthly payments. Example: My AT&T cell phone is 49.95 a month, I bought 300 shares of AT&T which pays .41 per share every 3 month so that comes to .41 X 300 = $123, phone bill is $150 - $126 so it cost me $27 every 3 months thats $9 bucks a month, beat that !!!
Point in case: even if you have 30K for the camaro wouldnt it be better to put down 10K use 10K to pay the yearly loan off and get interest on the last 10K (thats what your gaining) assuming a 3 year loan of course. |
07-27-2009, 11:43 AM | #13 | |
Drives: TrailBlazerSS Join Date: May 2009
Location: NY
Posts: 190
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Quote:
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07-27-2009, 11:47 AM | #14 |
Drives: 2003 Eclipse & 2010 2LT SW Camaro Join Date: Jun 2009
Location: Middle Village, Queens NY
Posts: 155
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bought it at 24.50 on July 10 and it pays the dividend on August 3rd. Wont sell the stock even thought its around 25.75 right now. Getting 6.68% dividends, taking my camaro loan at 5.7%, whos the winner??? Use the banks money always if you can get more on yours, ask any accountant.
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