Zl1 Camaro car payment??? - Page 8 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

newmoon · 10-29-2013, 03:35 PM

Wow this thread is scary when you see folks posting up payments over $1,000 a month for 70+ months for a Camaro. I love the ZL1 and really want an automatic but that kind of payment is never going to happen on my budget.

novaman · 10-29-2013, 03:51 PM

put down 25 k, financed @ 1.57 with a beacon of low 800's (thats the best rate at the time from any bank or credit union , Chase) 499.00 month company car

motorhead · 10-29-2013, 04:04 PM

I really can't see the sense in spending cash on a car purchase with interest rates less than 2.5% out there. I would rather have my 60 grand make money for me than cost.

Whos_Drivin · 10-29-2013, 05:57 PM

Quote:

Originally Posted by motorhead

I really can't see the sense in spending cash on a car purchase with interest rates less than 2.5% out there. I would rather have my 60 grand make money for me than cost.

+1

screamin chicken · 10-29-2013, 08:26 PM

I went looking today also, sine i paid my 07 yukon Xl off, i took my 2000 WS6 car shopping today, all the sales persons forgot i was there looking to buy , and started checking it out, make me feel good that a 13 yr old 40,100 mile car still turns heads. all the Zl1 around here are going for 58-63 , i really dont want to get back into another car payment again, but i really want one.....

HDRDTD · 10-29-2013, 10:26 PM

Only the one payment.

gen=5 · 10-30-2013, 01:08 AM

Quote:

Originally Posted by EFI

Man all these ballers over here paying straight cash for the thing.

Unless you can't get 0% financing, what exactly is the point of paying cash? And if you got 55k in your savings that you can just buy a car with I really doubt your credit is that bad that you can't get 0%.

Even with a shitty sub 1% interest rate on savings accounts you can make more money that way than just dumping 55k on the spot.

Hell smart investing of that cash over 6 years will net you even more.

the reason i paid cash is because I was raised that if you cant afford to pay cash for a toy you dont need it,period...I MYSELF CONSIDER MY ZL1 NOTHING MORE THAN A TOY PERIOD...I save going to a bank for something I need in life,I owe nothing to anyone or anything...this whole thread really is just

plus i never planned on keeping it for more than a yr maybe !!!

BlackinBlack · 10-30-2013, 01:34 PM

Quote:

Originally Posted by motorhead

I really can't see the sense in spending cash on a car purchase with interest rates less than 2.5% out there. I would rather have my 60 grand make money for me than cost.

Quote:

Originally Posted by Whos_Drivin

+1

+2 My interest rate is 1.75%. Crazy cheap money.

Stecky · 10-30-2013, 01:41 PM

Quote:

Originally Posted by Taser Deployed

0 down. $1132.00 a month

Holy Crap!!!! My house Payment was less than that.

Taser Deployed · 10-31-2013, 05:13 PM

Quote:

Originally Posted by Stecky

Holy Crap!!!! My house Payment was less than that.

Mine is too

Taser Deployed · 10-31-2013, 05:17 PM

Quote:

Originally Posted by gen=5

the reason i paid cash is because I was raised that if you cant afford to pay cash for a toy you dont need it,period...I MYSELF CONSIDER MY ZL1 NOTHING MORE THAN A TOY PERIOD...I save going to a bank for something I need in life,I owe nothing to anyone or anything...this whole thread really is just

plus i never planned on keeping it for more than a yr maybe !!!

If that works for you so be it but nothing is

about someone paying a note on a ZL1 or Toy as you call it.

EFI · 10-31-2013, 05:23 PM

Quote:

the reason i paid cash is because I was raised that if you cant afford to pay cash for a toy you dont need it,period

I was raised that you never invest large amounts of cash in a depreciating investment. Apparently you were not raised that way and were told it's ok to invest in something that loses value.

Some people have the cash to pay for it in full but choose to take 0% APR payments while investing the rest of the money and earning back interest.

Why would I just give 60k to GM on the spot when I can give them 1k each month for 60 months and actually invest that money somewhere that makes me more money?

toyosuprablue · 10-31-2013, 06:29 PM

35k down paying around 408 month for 48months. planning on doubling up a few payments here and there and getting it paid off within 3 years

CRTZL1 · 07-06-2014, 01:43 PM

Put a nice chunk down, 6 year loan 2.49 percent, 580/month

10-29-2013, 03:35 PM	#99
newmoon Drives: 2019 GT350 Join Date: Jan 2011 Location: NC Posts: 3,232	Wow this thread is scary when you see folks posting up payments over $1,000 a month for 70+ months for a Camaro. I love the ZL1 and really want an automatic but that kind of payment is never going to happen on my budget. __________________ 2019 GT350 RR 2013 Boss Mustang 2012 SRT Challenger 392 auto 12:40s 112 stock 2012 Ford Mustang 5.0. Brembo, 3:73s 2010 SS, LS3, Cammed, LTs, 12:20s 2004 Redfire Cobra, Pullied & Tuned 1986 GT, Ed Curtis 347ci, 11:20s motor. 10:30s 100-hp shot

10-29-2013, 08:26 PM	#103
screamin chicken Drives: 95 TA 00 WS6 Join Date: Oct 2013 Location: United States Posts: 95	I went looking today also, sine i paid my 07 yukon Xl off, i took my 2000 WS6 car shopping today, all the sales persons forgot i was there looking to buy , and started checking it out, make me feel good that a 13 yr old 40,100 mile car still turns heads. all the Zl1 around here are going for 58-63 , i really dont want to get back into another car payment again, but i really want one..... __________________ 2014 Chevy Silverado Z71, LTZ 2007 Yukon XL ( this baby is loaded)SOLD 8-2-14 2000 WS6 way to many mods to list (FAST) 1995 TA A4 1999 EB expediton 1994 Dodge ram 5.9

10-29-2013, 03:51 PM	#100
novaman Drives 2013 ZL1 Convt. Drives: 2013 ZL1 Convt. 1972 lsx nova Join Date: Sep 2011 Location: Far Side of the World Posts: 11	put down 25 k, financed @ 1.57 with a beacon of low 800's (thats the best rate at the time from any bank or credit union , Chase) 499.00 month company car

10-29-2013, 04:04 PM	#101
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,849	I really can't see the sense in spending cash on a car purchase with interest rates less than 2.5% out there. I would rather have my 60 grand make money for me than cost.

10-29-2013, 10:26 PM	#104
HDRDTD Drives: 2013 Triple Black ZL1 Vert M6 ECF Join Date: Mar 2011 Location: Trenton, Michigan Posts: 7,046	Only the one payment.

10-31-2013, 06:29 PM	#111
toyosuprablue Account Suspended Drives: 2013 ZL1 Black M6 Join Date: Dec 2012 Location: Nyack, NY Posts: 370 View My Garage	35k down paying around 408 month for 48months. planning on doubling up a few payments here and there and getting it paid off within 3 years

07-06-2014, 01:43 PM	#112
CRTZL1 Banned Drives: 2013 CRT ZL1 Join Date: Sep 2012 Location: N.Y. Posts: 1,545	Put a nice chunk down, 6 year loan 2.49 percent, 580/month