Down payment - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

njhardc0re · 11-04-2008, 11:46 AM

How much you guys putting as a down payment for the 2SS? I'm not sure how much I should be saving for a reasonable car payment!

*The_Blur* · 11-04-2008, 11:53 AM

Save as much as you can. I'll be getting a 1SS, and my goal is to put down over half and still have about $10k in the bank. While that would allow me plenty of money to put down more, I feel that financial security is very important. If you can buy it with cash, then you should as long as you have enough in the bank for an emergency.

ZombieEatsYou · 11-04-2008, 11:53 AM

with the credit crunch you should probably plan on 10%.

Mr_Draco · 11-04-2008, 12:11 PM

Quote:

Originally Posted by njhardc0re

How much you guys putting as a down payment for the 2SS? I'm not sure how much I should be saving for a reasonable car payment!

The general rule of thumb is a minimum of 20% of the total cost (including tax, tag, and title) as the car will depreciate 20% within the 1st year and you don't want to be upside down on a car. As already said put down as much as you can while still being financially secure but 20% is the recommended minimum. Personally I plan on putting down $15,000 on my 2SS.

jmill012 · 11-04-2008, 01:16 PM

I am getting a 2SS/RS and will be putting 10% down. I know some will say that isn't enough but I am buying the car to own it for a very long time so I am not worried about being upside down the first few years. Also, I got mine at MSRP so with 10% down I am at a car payment I can live with comfortably which I feel is most important. Just my 2cents.

njhardc0re · 11-04-2008, 03:46 PM

What's the price and spec diff between 1SS and 2SS anyway? I looked at it a while ago and I forget.

lalometalik · 11-04-2008, 03:49 PM

this thread has 5 stars, regarding payments for your camaro.
check it out:
http://www.camaro5.com/forums/showth...ice+calculator

*Mindz* · 11-04-2008, 04:33 PM

I'm for sure putting 15k down, hopefully I'll have 20k to put down though.

Maddog78 · 11-04-2008, 04:36 PM

%100 down.

EllwynX · 11-04-2008, 09:18 PM

Not sure what the percentage is. But I'm expecting to put down $15,000 (possibly $16,000) and the vehicle has a total MSRP of $37,275 (I forget the exact last 2 digits).

LS3SSRS · 11-04-2008, 09:50 PM

depends how my stocks will look come time to finance.... i have $10K now, but im down in the markets a few thousand....so hopefully around 12-13K.

attymf · 11-07-2008, 03:21 PM

I guess your down payment really depends on your situation. I have my own business so I write of 100% of the monthly payment but the down payment I cannot write off.

Thus, I will put down as little as possible.

My account screamed at me for putting down 10K on my 2003 Tahoe. He told me to put down nothing and finance the whole thing.

LS3SSRS · 11-10-2008, 03:33 AM

Quote:

Originally Posted by attymf

I guess your down payment really depends on your situation. I have my own business so I write of 100% of the monthly payment but the down payment I cannot write off.

Thus, I will put down as little as possible.

My account screamed at me for putting down 10K on my 2003 Tahoe. He told me to put down nothing and finance the whole thing.

nice man, i would love to know how to write off a car.... unless u would use the camaro for business? lol

franknbeans · 11-10-2008, 10:14 AM

i'm planning on 10k.

11-04-2008, 11:46 AM	#1
njhardc0re Drives: 2SS/RS Join Date: Nov 2008 Location: NJ Posts: 175	Down payment How much you guys putting as a down payment for the 2SS? I'm not sure how much I should be saving for a reasonable car payment!

11-04-2008, 11:53 AM	#2
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,768	Save as much as you can. I'll be getting a 1SS, and my goal is to put down over half and still have about $10k in the bank. While that would allow me plenty of money to put down more, I feel that financial security is very important. If you can buy it with cash, then you should as long as you have enough in the bank for an emergency. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-04-2008, 03:49 PM	#7
lalometalik killer bAnana Drives: 1985 z28 Join Date: Sep 2008 Location: Carson, CA Posts: 694	this thread has 5 stars, regarding payments for your camaro. check it out: http://www.camaro5.com/forums/showth...ice+calculator __________________ "Shut your noise tube, Taco Human!"

11-04-2008, 04:33 PM	#8
Mindz E.B.A.H. Drives: you wild... Join Date: Mar 2007 Location: In the happy padded room wearing a jacket that makes me hug myself... Posts: 18,420	I'm for sure putting 15k down, hopefully I'll have 20k to put down though. __________________ Blue Rush, 2010 SS [Car of the Week 3/22/2010] Traded in on...ZLZBUBB, 2013 ZL1

11-04-2008, 09:50 PM	#11
LS3SSRS Drives: 2010 IBM SS/RS Join Date: Oct 2008 Location: Edmonton, Alberta Posts: 805	depends how my stocks will look come time to finance.... i have $10K now, but im down in the markets a few thousand....so hopefully around 12-13K. __________________ sold 2010 2SS/RS, 6spd manual, imperial blue metallic w/black leather Blacked out tail/signal lights, 5% rear tint, 20% sides, Dynomax Bullet mufflers, Barton short throw shifter, Clear Image offroad downpipes

11-04-2008, 11:53 AM	#3
ZombieEatsYou Drives: "Bmblbee" 2010 RY 2SS/RS. VIN 12043 Join Date: Oct 2008 Location: Waldorf, Maryland Posts: 1,266 View My Garage	with the credit crunch you should probably plan on 10%.

11-04-2008, 01:16 PM	#5
jmill012 Drives: 2010 Camaro SS/RS Join Date: Oct 2008 Location: York, PA Posts: 18	I am getting a 2SS/RS and will be putting 10% down. I know some will say that isn't enough but I am buying the car to own it for a very long time so I am not worried about being upside down the first few years. Also, I got mine at MSRP so with 10% down I am at a car payment I can live with comfortably which I feel is most important. Just my 2cents.

11-04-2008, 03:46 PM	#6
njhardc0re Drives: 2SS/RS Join Date: Nov 2008 Location: NJ Posts: 175	What's the price and spec diff between 1SS and 2SS anyway? I looked at it a while ago and I forget.

11-04-2008, 04:36 PM	#9
Maddog78 Drives: 1969 Z28 Join Date: Mar 2008 Location: BC Posts: 378	%100 down.

11-04-2008, 09:18 PM	#10
EllwynX Drives: 2010 Camaro SS Join Date: May 2006 Location: Southern NJ Posts: 2,259	Not sure what the percentage is. But I'm expecting to put down $15,000 (possibly $16,000) and the vehicle has a total MSRP of $37,275 (I forget the exact last 2 digits).

11-07-2008, 03:21 PM	#12
attymf Drives: 2017 SS Join Date: Nov 2008 Location: LI, NY Posts: 755 View My Garage	I guess your down payment really depends on your situation. I have my own business so I write of 100% of the monthly payment but the down payment I cannot write off. Thus, I will put down as little as possible. My account screamed at me for putting down 10K on my 2003 Tahoe. He told me to put down nothing and finance the whole thing.

11-10-2008, 10:14 AM	#14
franknbeans Whipped Drives: 2010 CAMARO Join Date: Sep 2008 Location: Pittsburgh-ish - PA Posts: 4,216 View My Garage	i'm planning on 10k. __________________ Car of the week 7/7/14

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