Who has their Camaro paid off? - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Dave@Sturgiscamarorally · 04-01-2016, 02:13 PM

paid off today actually lol been modding since i bought it and no signs of stopping

batman53201 · 04-01-2016, 02:15 PM

paid cash

cohocarl · 04-01-2016, 02:18 PM

Quote:

Originally Posted by Welker2

Also paid cash

Ditto. I don't want to sound like I'm bragging. I used to finance vehicles in my younger years, but the last 20 years has been cash only. If I can't afford to pay cash, I won't buy it. I drove rusted out Escorts and Cavaliers for many years to get ahead of the game while the guys I worked with drove new Z-71 pee-cup trucks they could barely afford the monthly payment.

evergrn · 04-01-2016, 02:38 PM

i paid mine off last august. i had a 7 year loan and paid it off in 4. I dont have any mods planned, but I am starting to look into things (headers, exhaust, CAI). I'm still trying to pay off student loans (should be 5 more years) and slowly saving up a down payment for a house.

Homeless Man · 04-01-2016, 02:49 PM

Cash

AG1LE · 04-01-2016, 02:53 PM

Quote:

Originally Posted by failshift

For the radiator?

oil pan baffle, crank scraper, AFM valve delete

Redrocker1958 · 04-01-2016, 02:54 PM

Paid cash..mods from day one

Pluto · 04-01-2016, 02:54 PM

I wish I could have paid in full but I load half or so up front. I took a 6 year loan and will be done in 3 years 10 months. I plan on keeping the car it only has 19,000 miles on it so it should have plenty of life left. I can't wait to not have a payment though.

pyroguy · 04-01-2016, 03:48 PM

Quote:

Originally Posted by 2Intense

Paid cash....been modding ever since. Currently in the shop getting the Magnuson Heartbeat TVS2300 installed.

I'm like a kid waiting for Santa to come!

Quote:

Originally Posted by Welker2

Also paid cash

Quote:

Originally Posted by JerTM

Paid cash

Quote:

Originally Posted by Baba

Paid cash. Keeping it and leaving it stock.

Quote:

Originally Posted by Johnny's_2SS

So did I. Modding from day 1!

Quote:

Originally Posted by batman53201

paid cash

Quote:

Originally Posted by cohocarl

Ditto. I don't want to sound like I'm bragging. I used to finance vehicles in my younger years, but the last 20 years has been cash only. If I can't afford to pay cash, I won't buy it. I drove rusted out Escorts and Cavaliers for many years to get ahead of the game while the guys I worked with drove new Z-71 pee-cup trucks they could barely afford the monthly payment.

Quote:

Originally Posted by Homeless Man

Cash

Quote:

Originally Posted by Redrocker1958

Paid cash..mods from day one

For all of you cash guys...

I will not make payments on a car again. It's just not worth it. Even if I had to go back and buy my Camaro again, I'd save up and pay cash.

OP, I paid mine off almost a year and a half ago and it was the best thing I ever did! Once the car was paid for I ripped out and replaced the entire exhaust out, ported the throttle body, and I'm getting it tuned in two weeks. With no more money going to the bank I now have money for mods. Up eventually...supercharger and suspension mods.

Truck Driver · 04-01-2016, 03:53 PM

Paid cash for mine,,

DarrenJ · 04-01-2016, 04:03 PM

Paid cash for mine, supercharged it, then borrowed money against it so I could remodel the house (it was cheaper than HELOC and using my own money), paid it off, then borrowed more money against it to buy a racecar trailer....so mine's been paid off 3 times already...all before it had 20,000 miles.

Slovnek · 04-01-2016, 04:08 PM

Gather I'm an odd man out. Money is so cheap right now I took a loan out for seven years @ 1.75%. Could pay it off but would rather have the money working for me instead of the bank.

Andoskyy · 04-01-2016, 04:47 PM

Quote:

Originally Posted by pyroguy

For all of you cash guys...

I will not make payments on a car again. It's just not worth it. Even if I had to go back and buy my Camaro again, I'd save up and pay cash.

OP, I paid mine off almost a year and a half ago and it was the best thing I ever did! Once the car was paid for I ripped out and replaced the entire exhaust out, ported the throttle body, and I'm getting it tuned in two weeks. With no more money going to the bank I now have money for mods. Up eventually...supercharger and suspension mods.

Don't get hung up on paying cash, it's not always the best option. With 0-2% financing available, it's free or cheap money.

Drop your $40k cash into a depreciating asset, or put $40k in the market, make a 4-6% return and earn a few grand every year while making payments on your car....what makes more sense?

Thor142 · 04-01-2016, 04:57 PM

Quote:

Originally Posted by Andoskyy

Don't get hung up on paying cash, it's not always the best option. With 0-2% financing available, it's free or cheap money.

Drop your $40k cash into a depreciating asset, or put $40k in the market, make a 4-6% return and earn a few grand every year while making payments on your car....what makes more sense?

Always better to pay in tomorrows dollars than todays when money is almost free to borrow. When you can pay for a car 0% for 5 years it makes no sense at all to pay cash.

04-01-2016, 02:13 PM	#29
Dave@Sturgiscamarorally Drives: 2010 ABM 1SS Join Date: Nov 2014 Location: South Dakota Posts: 199	paid off today actually lol been modding since i bought it and no signs of stopping __________________ 2010 Aqua Blue 1SS KWC 3pc forged, Seibon hood, ZL front end, MGW, ARH full exhaust w/ Doug Thorley axle back, BTR4, Roto-fab, LSXR 102, NW 102, 3.91s

04-01-2016, 02:15 PM	#30
batman53201 Account not blocked Drives: The Batmobile Join Date: Mar 2013 Location: wisconsin Posts: 2,158 View My Garage	paid cash __________________

04-01-2016, 02:49 PM	#33
Homeless Man Homeless Life Chose Me Drives: LS3 (sold 4/21) Join Date: Nov 2014 Location: Streets of Philly Posts: 3,648	Cash __________________ Pity a man in familiar places, who yet feels like a stranger.

04-01-2016, 02:54 PM	#35
Redrocker1958 Obsessive camaro disorder Drives: 2010 2ss/rs Join Date: Oct 2015 Location: USA. Posts: 943 View My Garage	Paid cash..mods from day one __________________ 2010 2ss/rs

04-01-2016, 02:54 PM	#36
Pluto Drives: 2013 Camaro 2SS/RS Join Date: Jun 2013 Location: South Texas Posts: 1,198 View My Garage	I wish I could have paid in full but I load half or so up front. I took a 6 year loan and will be done in 3 years 10 months. I plan on keeping the car it only has 19,000 miles on it so it should have plenty of life left. I can't wait to not have a payment though. __________________ 2013 VR Camaro 2SS/RS LS3 Small, but effective mod list: Roto-Fab Intake, TSP 2" Long tubes, TSP catless mids, MSD spark plug wires, stock catback, Elite Catch Can, APEX washer relocation and scoop, VMAX throttle body, Diablo InTune-Tuned by Matt@FSP, and a JacFab license plate bracket.

04-01-2016, 02:38 PM	#32
evergrn Drives: 2010 SS/RS Join Date: Jun 2012 Location: NJ Posts: 54	i paid mine off last august. i had a 7 year loan and paid it off in 4. I dont have any mods planned, but I am starting to look into things (headers, exhaust, CAI). I'm still trying to pay off student loans (should be 5 more years) and slowly saving up a down payment for a house.

04-01-2016, 03:53 PM	#38
Truck Driver Drives: 2012Camaro2SS/RS/l99/Inferno Orange Join Date: Jul 2014 Location: Eustis Fl. Posts: 16	Paid cash for mine,, __________________ Kooks headers,Apex catch can,Airaid CAI,Resonator delete.

04-01-2016, 04:03 PM	#39
DarrenJ Drives: '67 Camaro ZZ4 & 2010 IOM 2SS Join Date: Oct 2008 Location: Real World USA Posts: 582 View My Garage	Paid cash for mine, supercharged it, then borrowed money against it so I could remodel the house (it was cheaper than HELOC and using my own money), paid it off, then borrowed more money against it to buy a racecar trailer....so mine's been paid off 3 times already...all before it had 20,000 miles.

04-01-2016, 04:08 PM	#40
Slovnek Drives: 2013 Camaro 1SS 1LE (Sold) Join Date: Aug 2014 Location: Estero, FL Posts: 88	Gather I'm an odd man out. Money is so cheap right now I took a loan out for seven years @ 1.75%. Could pay it off but would rather have the money working for me instead of the bank.