`C7

He is trying to help you. Everyone is trying to help you. If you don't want to listen that's fine. Be stubborn and foolish if you want.

Mr.Nubain

1 BAD BURB

First logical thing you have said. Cool, im out, peace and good luck.

paloalto00

Interest rate: 5%, average interest made in other investments: 18%

It makes more financial sense to have car note in my situation

Mr.Nubain

Serious question, what Credit Union/Bank is going to offer that low of an interest rate on such an old car? Even with a great credit score, I wouldn't think it's possible. If it really is 5%, that's a helluva deal.

FlatBlackCaddy

My credit union runs 3.25 up to 60 months, 3.75 out to 72 months for anything within 10 years old. They add 1 point if it's older than 10. I could see a 4% rate possible with a 4 year on a 10 year older car. Atleast that's for me, at my CU. Seems more than possible(actually I thought 5 was a bit high IMO).

paloalto00

USAA, I financed for 72 months since I use the money saved to invest

Mr.Nubain

18%, is Madoff investing your scratch? Paying interest on a depreciating asset when you could be making 18%?

Really

paloalto00

Let's say I have 25k to invest, I can either A. Pay off the car and have 10k to invest OR B. Invest the full 25k and pay the 5%

RidgeRunner0207

here you go.

https://www.corvetteforum.com/forums...-35k-firm.html

paloalto00

We were speaking, only thing I'm worried about is if I claim the damage on my insurance that it'll go on the carfax

tjwor

You can't buy a damaged car, get insurance on it, and claim the damage that you bought the car with. Not legally anyways, that would be considered insurance fraud...

Letting your insurance company know about the damage when you are getting coverage on the vehicle would not go on a carfax report. If there was an insurance claim made on the damage for them to fix it, it would go on a carfax report.

paloalto00

Of course not legally, but I'd imagine anything on the carfax would hurt the cars resale value. Although it's a good looking Z, I'm sure with patience I'll have better luck during the winter

ttboost1

1- Don't buy a damaged car then commit fraud.
2- Don't try to misrepresent to a future buyer that the car was never damaged.
3- Don't talk crap to people on the internet.
4- Mods do have some value.
5- End and lock this POS thread...

evantugby

Palo,
I like you...you remind me of when I was young and dumb...

To everyone else,
The internet sure does make people feel cocky when they normally wouldn't be in social settings...

usmcpony

So if you are going through USAA that means you're in the Military? If so, what branch?

paloalto00

Correct, Air Force

C6 Curtis

Sorry dude. Just read through this thread and you made so many uneducated post I couldn't help but to comment. I was 21 when i bought my Z06 2 years ago with deployment money. Your age doesn't justify your post and logic of thinking. You strike me as a person who tries to lowball but then tries to sell high. Probably why its taking long to sell your C5. I wouldn't sell my Z to you for the simple fact that I wouldn't even want your money let alone see you in a car I previously drove just because of your attitude. Most C6Z owners don't hurt for cash so good luck being picky.

-Curtis

1 BAD BURB

He already "bought/is buying" his c6z. It was a 110k mi black one for $29k in TX. Don't know what he negotiated it down to but that's the one he went after.

If you look at his previous topics and threads... lots of good reads regarding his life and how much money he spends, etc. He's living off credit. See how far he gets...

tjwor

Don't be so harsh, if I was making 18% on my investments I would take out loans on all of my vehicles, and a second mortgage on my house...

Did you not read that in his situation it makes sense to have a note on his vehicle(s)?