Is Your C5 Paid Off?
#143
Race Director
Member Since: Jul 2008
Location: The Sunshine State
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I usually try to follow the same rule. However, when the General offers 0% financing or basically a free loan to help them move inventory, take it. Set up on automatic payment through your bank and invest the money into something that provides a return as anything is better than nothing. If you're smart, or lucky, or both, your return could match the depreciation of the toy.
#146
Racer
It's an '04 bought it in '05 paid cash....money talks & bulls__t walks.
#147
bought my 03 Z in feb for $26K financed for 6 years $400 a month
I never use my own money If one were to ever fall on hard times the car can always go.. money never comes back :p
I never use my own money If one were to ever fall on hard times the car can always go.. money never comes back :p
Last edited by Dave02C5; 10-29-2013 at 08:53 PM.
#148
Burning Brakes
I've not always paid cash for my toys, but I have for the last 20 years or so. Even for other new cars and trucks I've purchased in the last 20 years, with the exception of my 05 Chevy truck. I ended up getting $9000 off sticker by letting my dealer get financing for me. Paid it off a year later. After having this Vette for the last two years, I should have financed and bought one earlier, but waited till I had enough cash to buy what I wanted. I don't blame anyone for financing what they want when young. I've spent a lot of money doing things I wanted, and not one bit sorry. I'm an old man now and can't do what I want anymore, but I can look back and say man I'm glad I did that when I could, it was worth it. If I would have driven a C5 when they came out, I'd have financed one too!!
#149
Race Director
Im still paying off my loan back from 1999. It was a 5 year loan at 22%APR for a 2000 vette. But then i kept getting offers to re-finance for another 5 years. so i took the promotions. They said i just need to pay minimum of 100.00 a month!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
#153
Melting Slicks
Thread Starter
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#154
Melting Slicks
Thread Starter
Im still paying off my loan back from 1999. It was a 5 year loan at 22%APR for a 2000 vette. But then i kept getting offers to re-finance for another 5 years. so i took the promotions. They said i just need to pay minimum of 100.00 a month!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
.
#155
Burning Brakes
Im still paying off my loan back from 1999. It was a 5 year loan at 22%APR for a 2000 vette. But then i kept getting offers to re-finance for another 5 years. so i took the promotions. They said i just need to pay minimum of 100.00 a month!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
I just dont understand why the balance is still near 40K owed. But im happy my credit is good!
#156
Is your c-5 paid off
An economist i am not, but if i had the cash today i'd much rather have a 2014 vette than waiting for the buck to be devalued .At my age and still feeling like tearin it up once in a while ,my old 01 Zo6 still gets it....if you know what i mean.