Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
SMGSS
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > General Camaro Forums > Camaro ZL1 Forum - ZL1 Specific Topics

Camaro ZL1 Forum - ZL1 Specific Topics Camaro ZL1 specific topics

Reply
 
Thread Tools
Old 10-12-2011, 03:01 PM   #1
fiascoes1
SoCalRaceTeam new-b!
 
fiascoes1's Avatar
 
Drives: 2012 ZL1/WHITE/BLACK STRIPE
Join Date: Apr 2011
Location: norwalk ca
Posts: 2,020
Down payment, how much?

Ok, now that the Zl1 price is expected to be over 60k out the door, how much do you guys plan on putting down? How many of you are planning to pay it cash? I myself plan on putting down at least 15k and finance the rest.
fiascoes1 is offline   Reply With Quote
Old 10-12-2011, 03:06 PM   #2
Z4me

 
Z4me's Avatar
 
Drives: 2013 ZL1 IOM Vin #169
Join Date: Jan 2011
Location: Maryland
Posts: 1,940
As much as I can, or as much as my wife will allow me to. The rest will
be taken out from my home equity, which will be alot lower then through
GM I'm thinking. So basically cash to the dealer all at once.
__________________
<img src=http://www.camaro5.com/forums/image.php?type=sigpic&userid=36987&dateline=1334886195 border=0 alt= />

Last edited by Z4me; 10-12-2011 at 03:51 PM.
Z4me is offline   Reply With Quote
Old 10-12-2011, 03:07 PM   #3
toilets

 
Drives: 2010 camaro
Join Date: May 2011
Location: Southeast,
Posts: 842
I will finance the whole darn thing as long as i get my interest rate I want
toilets is offline   Reply With Quote
Old 10-12-2011, 03:45 PM   #4
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
My plan is 1/2
Could vary.... and is also a key factor for me..
Not wanting over a $600 month payment on this...
Has anyone done any budgeting or numbers crunch to see where you are at as far as payments etc?
If I pay half down I am still looking at about $500 a month or so give or take with a low percentage rate...
I could only guestimate that people that finance the whole thing for even the longest term will have a $1,000 or more monthy payment. For anyone under a $40,000 a year income would seem insane to me too.
But then again, I do not have anyone helping me make car payments either. My Dog wont help, nor will my cat, or my Girlfriend...
She has plans of her own and wants a Acura but that is a whole other story.
I would like to hear of peoples plans though and down payment numbers.
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 03:49 PM   #5
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
http://auto.ally.com/payment-calculator/#tabs=price
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 03:52 PM   #6
BoostedX2

 
BoostedX2's Avatar
 
Drives: VR ZL1 #259/Nissan 370Z NISMO
Join Date: Aug 2008
Location: Ohio
Posts: 855
Selling/trading in my 2010 SS, hopefully finance 30K at 2.75% about $500/month for 60 months...
BoostedX2 is offline   Reply With Quote
Old 10-12-2011, 03:52 PM   #7
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
just an example...
if this car is $60,000 (which i highly doubt)
apr 3% (mine will be higher)
6 years of financing
is $531.78
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 03:53 PM   #8
Shurenuff

 
Shurenuff's Avatar
 
Drives: 2002 Nissan Altima
Join Date: Jul 2008
Location: Chicago, IL
Posts: 2,056
I plan to finance about half.

OT, but speaking of financing with GM, does anyone know if they allow you to reduce insurance coverage (collision) while you store a car during the winter (typically 5 months)? That's something I'll have to investigate as I've heard some lenders don't allow that and was hoping some of you guys had experience or knowledge of that.
__________________
Factory Badassery
Shurenuff is offline   Reply With Quote
Old 10-12-2011, 03:59 PM   #9
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
Question

Quote:
Originally Posted by MY68RS View Post
just an example...
if this car is $60,000 (which i highly doubt)
apr 3% (mine will be higher)
6 years of financing
is $531.78
On the high end of it
If the car was $51,000
apr 9%
6 year term
16,000 down
would be $630..

The latter would probably make me have to hold out till 2013
where I could beef up my down payment more and work on getting my interest rate down more. I do not see myself diving into a $630 payment for 6 years.... That number will have to come down significantly..
But I am not worried. It will come when the time is right.
That is just the way faith is....
One other thing...
Are you guys planning on GMAC financing?
or private bank, etc?
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 04:01 PM   #10
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
Wink

Quote:
Originally Posted by Shurenuff View Post
I plan to finance about half.

OT, but speaking of financing with GM, does anyone know if they allow you to reduce insurance coverage (collision) while you store a car during the winter (typically 5 months)? That's something I'll have to investigate as I've heard some lenders don't allow that and was hoping some of you guys had experience or knowledge of that.
I am sure others can speak out on this but my thought is anytime someone carries a car note they generally want FULL COMPLETE coverage at ALL times with maybe the exception of Guaranteed Auto Protection perhaps.
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 04:08 PM   #11
justa25thTA

 
justa25thTA's Avatar
 
Drives: 2011 Camaro SS/RS LS3
Join Date: Aug 2010
Location: Texas
Posts: 1,632
Quote:
Originally Posted by Z4me View Post
As much as I can, or as much as my wife will allow me to. The rest will
be taken out from my home equity, which will be alot lower then through
GM I'm thinking. So basically cash to the dealer all at once.

So your going to be financing a car on a house note? Like a 15 or 30 year note?
__________________
Yeah, I'll get around to it...
justa25thTA is offline   Reply With Quote
Old 10-12-2011, 04:10 PM   #12
payne.jeremy82
 
payne.jeremy82's Avatar
 
Drives: 2002 Lifted Trailblazer
Join Date: Sep 2011
Location: Knoxville, TN
Posts: 51
Cash Is King
payne.jeremy82 is offline   Reply With Quote
Old 10-12-2011, 04:22 PM   #13
Shurenuff

 
Shurenuff's Avatar
 
Drives: 2002 Nissan Altima
Join Date: Jul 2008
Location: Chicago, IL
Posts: 2,056
Quote:
Originally Posted by MY68RS View Post
I am sure others can speak out on this but my thought is anytime someone carries a car note they generally want FULL COMPLETE coverage at ALL times with maybe the exception of Guaranteed Auto Protection perhaps.

Yeah, I have to research this. I've been told by some that certain lenders allow you to take off collision, and thus significantly reducing the monthly premium, when the car is in storage. Of course, theft, etc coverage would have to remain at all times during the duration of the loan.

Don't know how true it is, but for someone in my situation who will only drive the car for about 7 months out of the year, it's definitely worth looking into.
__________________
Factory Badassery
Shurenuff is offline   Reply With Quote
Old 10-12-2011, 04:29 PM   #14
MR 45TH
 
Drives: 45th 2SS Vert
Join Date: Oct 2011
Location: Southampton PA
Posts: 501
The plan is 20K down but it will really depend on the price.
__________________
MR 45TH is offline   Reply With Quote
Old 10-12-2011, 04:32 PM   #15
djsnoflake
Faith Keeper
 
djsnoflake's Avatar
 
Drives: 2012 Silverado LTZ, 2010 2SS/RS
Join Date: Nov 2008
Location: Saskatoon, Saskatchewan Canada
Posts: 2,791
Hopefully at least 30 grand. Hoping more along the lines of 40
__________________

Quote:
Originally Posted by fbodfather View Post
.........we are far from finished.................
djsnoflake is offline   Reply With Quote
Old 10-12-2011, 04:40 PM   #16
HDRDTD


 
Drives: 2013 Triple Black ZL1 Vert M6 ECF
Join Date: Mar 2011
Location: Trenton, Michigan
Posts: 4,170
All of it.
HDRDTD is offline   Reply With Quote
Old 10-12-2011, 04:51 PM   #17
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
Quote:
Originally Posted by justa25thTA View Post
So your going to be financing a car on a house note? Like a 15 or 30 year note?
I think he may mean he is refinancing his house...
Good idea I suppose.
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 04:54 PM   #18
1BADZL1
THE CAMARO KING
 
1BADZL1's Avatar
 
Drives: 2012 Camaro ZL1 on order #PZSD7S
Join Date: Aug 2006
Location: Out Somewhere Driving My 'BADZL1'
Posts: 2,290
Wink

Quote:
Originally Posted by payne.jeremy82 View Post
Cash Is King
When you are feeling saucy...
You got an extra $60k I can have? I wont ask to borrow cause I want mine paid off with no worries!
__________________
2012 Camaro ZL1 Car Name: Bruce
ZL1, LSA, MN6/MG9, DSX, RTQ, VR,
Current Status:
2030
1000 Initial Order 11/11/2011 Chevyland
1100 Order accepted at dealer: 11/11/2011 - PZSD7S
2000 Order accepted by GM: 12/14/2011
3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011
3100 Sequenced: 00/00/2011
3300 Scheduled For Production:0/0/2012
3400 Broadcast: 0/0/2012
3800 Produced: 0/0/2012
4000 Available To Ship: 0/0/2012
4200 Shipped: 0/0/2012
5000 Delivered To The Dealer: 0/0/2012
6000 Delivered To Customer:0/0/2012
1BADZL1 is offline   Reply With Quote
Old 10-12-2011, 05:00 PM   #19
payne.jeremy82
 
payne.jeremy82's Avatar
 
Drives: 2002 Lifted Trailblazer
Join Date: Sep 2011
Location: Knoxville, TN
Posts: 51
Honestly due to what happened to me at a certain hospital that left me unable to walk for more than a year but I am not allowed to talk about that due to a settlement but anyay now I have a 8 figure bank account so mine will be paid for in cash and I am thinking if I want to get a vert or not who knows
payne.jeremy82 is offline   Reply With Quote
Old 10-12-2011, 05:00 PM   #20
So Cal Camaro
So Cal Race Team
 
So Cal Camaro's Avatar
 
Drives: 2013 Camaro 1SS/RS/1LE Ashen Grey
Join Date: Mar 2010
Location: San Fernando Valley, CA
Posts: 3,346
Yes, once people actually crunch the numbers, it makes a difference

Financing $40k at 2.9% for 5 years = $716.97 payment
Financing $40k at 2.9% for 6 years = $605.96 payment

Financing $50k at 2.9% for 5 years = $896.21 payment
Financing $50k at 2.9% for 6 years = $757.45 payment


So, depending on price and how much you got to put down, the payment could be substantial. I'm figuring if you can't put down $20k, the payment is going to get tedious after the newness of the ZL1 wears off especially if you're going for the 6 year plan.
__________________
So Cal Camaro is offline   Reply With Quote
Old 10-12-2011, 05:18 PM   #21
Z4me

 
Z4me's Avatar
 
Drives: 2013 ZL1 IOM Vin #169
Join Date: Jan 2011
Location: Maryland
Posts: 1,940
Quote:
Originally Posted by justa25thTA View Post
So your going to be financing a car on a house note? Like a 15 or 30 year note?
No I have a line of credit like a credit card with my
banker. The rates are typically lower then a car loan
would be at the dealers. There is no penalty on paying
it off early, and I can declare the interest accued as
a tax benefit as well. I plan on paying that loan off
in about a year to a year and a half.
__________________
<img src=http://www.camaro5.com/forums/image.php?type=sigpic&userid=36987&dateline=1334886195 border=0 alt= />

Last edited by Z4me; 10-12-2011 at 09:13 PM.
Z4me is offline   Reply With Quote
Old 10-12-2011, 05:40 PM   #22
Blackdevil77
 
Drives: 2008 Pontiac G8 GT
Join Date: Mar 2011
Location: Long Island, New York
Posts: 406
I need the payments to be under 600 a month as well. I'd like to put half down, but no less then 20k. I really hope it's not 60 :(
Blackdevil77 is offline   Reply With Quote
Old 10-12-2011, 05:43 PM   #23
djsnoflake
Faith Keeper
 
djsnoflake's Avatar
 
Drives: 2012 Silverado LTZ, 2010 2SS/RS
Join Date: Nov 2008
Location: Saskatoon, Saskatchewan Canada
Posts: 2,791
Quote:
Originally Posted by payne.jeremy82 View Post
Honestly due to what happened to me at a certain hospital that left me unable to walk for more than a year but I am not allowed to talk about that due to a settlement but anyay now I have a 8 figure bank account so mine will be paid for in cash and I am thinking if I want to get a vert or not who knows
Think you could probably get an Escalade while you wait for the Z, instead of a 10 year old Blazer
__________________

Quote:
Originally Posted by fbodfather View Post
.........we are far from finished.................
djsnoflake is offline   Reply With Quote
Old 10-12-2011, 05:46 PM   #24
payne.jeremy82
 
payne.jeremy82's Avatar
 
Drives: 2002 Lifted Trailblazer
Join Date: Sep 2011
Location: Knoxville, TN
Posts: 51
Quote:
Originally Posted by djsnoflake View Post
Think you could probably get an Escalade while you wait for the Z, instead of a 10 year old Blazer
Allready sold I got rid of it when i couldn't walk
I don't want an Escalade but I bought my MOM one I will wait for my ZL1
payne.jeremy82 is offline   Reply With Quote
Old 10-12-2011, 06:09 PM   #25
djsnoflake
Faith Keeper
 
djsnoflake's Avatar
 
Drives: 2012 Silverado LTZ, 2010 2SS/RS
Join Date: Nov 2008
Location: Saskatoon, Saskatchewan Canada
Posts: 2,791
Quote:
Originally Posted by payne.jeremy82 View Post
Allready sold I got rid of it when i couldn't walk
I don't want an Escalade but I bought my MOM one I will wait for my ZL1
If I had over 10,000,000 I would have a car for every day of the week. Good on you for buying your mom a car though!

What are you driving right now then?
__________________

Quote:
Originally Posted by fbodfather View Post
.........we are far from finished.................
djsnoflake is offline   Reply With Quote
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Having a high payment pays off! SUX2BU 5th Gen Camaro SS LS LT General Discussions 18 06-25-2011 05:52 PM
Down payment, intrest %, years & monthly payment? msb7144 5th Gen Camaro SS LS LT General Discussions 53 11-11-2009 06:34 PM
What are the pluses/minuses of financing using payment saver plan? edog Camaro Price | Ordering | Tracking | Dealers Discussions 5 05-06-2009 08:39 PM
Down payment Thread 5thGenAnyone? Camaro Price | Ordering | Tracking | Dealers Discussions 3 01-11-2009 09:50 PM
Payment and Shipping info for 1st Edition Camaro5 shirts TAG UR IT Camaro5 Store Merchandise 154 10-18-2008 03:00 AM


All times are GMT -5. The time now is 12:53 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.