Notices
C7 Z06 Discussion General Z06 Corvette Discussion, LT4 Corvette Technical Info, Performance Upgrades, Suspension Setup for Street or Track
Sponsored by:
Sponsored by:

Who did this?

 
Old 11-17-2018, 09:49 PM
  #21  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by Mr. Gizmo View Post


maybe this guy wasnít a roller with hundreds of thousands or millions of dollars he had easy access to pencil whip a check to buy the demon. Some folks make big salaries and look only at the monthly payment then things change up for them.

No car is worth a huge 2500 car payment you either have it or you don't.
3 Z06ZR1 is offline  
Old 11-17-2018, 09:50 PM
  #22  
reasonable suspicion
CF Senior Member
 
Member Since: Jan 2013
Location: what ain't no country I ever heard of
Posts: 1,453
Thanked 86 Times in 74 Posts
Default

Originally Posted by Parcival View Post

oh brother, not in finance, right?? My guess is money launderer ? Or you started a GoFundMe for a homeless veteran and then took his donations? Those two groups are known to pay for cars in all cash.

A lot of us learned a long time ago to take advantage of cheap leverage with no prepayment penalties. Having bought and sold 7 cars in three years I can tell u it takes longer to transfer cash out of my brokerage account.

Easiest bet in the world to win- u lose already know a few.

Whoever said abt half is a much better guess although I donít need the exact # to win the bet

yeah i I understand the argument. ..And Iím sure it takes longer to transfer money once than 72 times.

Im not sure why in the c7 forum everyone seems so arrogant.

reasonable suspicion is offline  
Old 11-17-2018, 09:58 PM
  #23  
Parcival
CF Senior Member
 
Parcival's Avatar
 
Member Since: Mar 2018
Location: San Francisco Ca
Posts: 895
Thanked 191 Times in 149 Posts
Default

Originally Posted by reasonable suspicion View Post



yeah i I understand the argument. ..And I’m sure it takes longer to transfer money once than 72 times.

Im not sure why in the c7 forum everyone seems so arrogant.


it’s not arrogance. Just basic economics...But do what u want it’s your $.

two words to your last point: direct deposit — agreements upon loan initiation so very little hassle. Banks esign these days through one’s email. Ive never had to walk into the bank.

btw, why is the Demon buyer a big cash payer? Vs a Z06 buyer.

Last edited by Parcival; 11-18-2018 at 01:19 AM.
Parcival is offline  
Old 11-18-2018, 09:02 PM
  #24  
dvilin
CF Senior Member
 
dvilin's Avatar
 
Member Since: Nov 2007
Location: Rochester New York
Posts: 38,868
Thanked 2,973 Times in 2,126 Posts
Default

Has to be Jerry Tobias.
dvilin is offline  
Old 11-18-2018, 09:07 PM
  #25  
Mr. Gizmo
CF Senior Member
 
Mr. Gizmo's Avatar
 
Member Since: Mar 2010
Location: St. Louis
Posts: 4,788
Thanked 279 Times in 224 Posts
Default

Originally Posted by 3 Z06ZR1 View Post
No car is worth a huge 2500 car payment you either have it or you don't.
2500 times 60 months is 150k. No way a demon would cost that much per month with 10 or 20 percent down.

maybe 1400 per month with 10 or 12 percent cash down payment.
Mr. Gizmo is offline  
Old 11-18-2018, 09:20 PM
  #26  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by Mr. Gizmo View Post


2500 times 60 months is 150k. No way a demon would cost that much per month with 10 or 20 percent down.

maybe 1400 per month with 10 or 12 percent cash down payment.
I think many paid that much for the ZR1. Time you add the interest in maybe more. I'm on the single payment plan from here on out.
3 Z06ZR1 is offline  
Old 11-18-2018, 09:52 PM
  #27  
Warp Factor
CF Senior Member
Support Corvetteforum!
 
Warp Factor's Avatar
 
Member Since: Oct 2005
Location: Metro Detroit Michigan
Posts: 4,982
Thanked 481 Times in 348 Posts
Default

Originally Posted by 3 Z06ZR1 View Post
I think many paid that much for the ZR1. Time you add the interest in maybe more. I'm on the single payment plan from here on out.
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.

Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".

Warp Factor is offline  
Old 11-18-2018, 10:00 PM
  #28  
Mikec7z
CF Senior Member
 
Mikec7z's Avatar
 
Member Since: Mar 2018
Posts: 1,669
Thanked 268 Times in 216 Posts
Default

they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.

Last edited by Mikec7z; 11-18-2018 at 10:00 PM.
Mikec7z is offline  
Old 11-18-2018, 11:11 PM
  #29  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by Warp Factor View Post
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.

Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".
Hard to say what you would do. You have no idea what I'm doing but you end up with a cool story You do associate with Homer Simson as far as a cartoon character though.

I have been buying and selling investments. Your situation is different than mine. I have plenty of investments not pulling money from any investments. I'm avoid interest charges by paying cash.
But I did get a nice wind fall from investments. Thus the single payment plan

I was looking at my checking account it has more than enough to buy a Z06! Plus the boat load coming in and the land bank I can sell any size parcel I want. Really doing well here!
3 Z06ZR1 is offline  
Old 11-18-2018, 11:20 PM
  #30  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by Mikec7z View Post
they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.
I read where you posted here you didn't have the credit score and don't have 0 percent. Which was it? So that person is not you. I paid cash for my 2017 because I didn't want a car payment.
3 Z06ZR1 is offline  
Old 11-19-2018, 01:02 AM
  #31  
Warp Factor
CF Senior Member
Support Corvetteforum!
 
Warp Factor's Avatar
 
Member Since: Oct 2005
Location: Metro Detroit Michigan
Posts: 4,982
Thanked 481 Times in 348 Posts
Default

Originally Posted by 3 Z06ZR1 View Post
I I have plenty of investments not pulling money from any investments. I'm avoid interest charges by paying cash.
But I did get a nice wind fall from investments. Thus the single payment plan was looking at my checking account it has more than enough to buy a Z06!
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?

Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.

If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?

Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?

Last edited by Warp Factor; 11-19-2018 at 01:21 AM.
Warp Factor is offline  
Old 11-19-2018, 01:41 AM
  #32  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by Warp Factor View Post
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?

Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.

If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?

Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?
Nope no cash under the mattress but not much difference from your less than 1 percent checking account. Maybe I already have it sorted out and don't need your 2 cents!


3 Z06ZR1 is offline  
Old 11-19-2018, 01:53 AM
  #33  
3 Z06ZR1
CF Senior Member
 
Member Since: Mar 2005
Location: salem OR
Posts: 20,943
Thanked 845 Times in 702 Posts
Default

Originally Posted by 3 Z06ZR1 View Post
I think many paid that much for the ZR1. Time you add the interest in maybe more. I'm on the single payment plan from here on out.
Originally Posted by Warp Factor View Post
Sometimes, "the single payment plan" is the most economical route, and other times it isn't.

Let's say you write a 90 thousand check for a Z06, By doing that, maybe you avoided a 4% interest charge on a loan, but if the investments you took that 90K out of were paying 12%, you have suffered a loss.
There's a lot more going on than "Homer Simpson economics".
Originally Posted by Mikec7z View Post
they had zero percent on 2016 vettes in jun of 2017. If someone thinks its wiser to pay for the car cash instead of take zero percent, i don't think that person is all there.
Originally Posted by Warp Factor View Post
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?

Does your checking account pay interest? If it does, can you start to see how a zero percent interest loan would leave you better off than reducing the principal in your interest-bearing account? Experiment with plugging in other numbers too, and maybe eventually you'll start to sort things out.

If you had cash under a mattress, rather than in an interest-bearing bank account, can you see how that is losing money?

Has anyone ever suggested that you might derive more benefit from thinking and learning, than from being reflexively combative?
HAHA! I make the on the top simple comment directed at no one and look what junk clogs the thread from the "experts" who quickly lay the blame with intellectual mind expanding posts.


3 Z06ZR1 is offline  
Old 11-19-2018, 05:15 AM
  #34  
Mikec7z
CF Senior Member
 
Mikec7z's Avatar
 
Member Since: Mar 2018
Posts: 1,669
Thanked 268 Times in 216 Posts
Default

Originally Posted by 3 Z06ZR1 View Post
I read where you posted here you didn't have the credit score and don't have 0 percent. Which was it? So that person is not you. I paid cash for my 2017 because I didn't want a car payment.
Its amazing the insults you throw people, based off of your inability to fathom what you read on a daily basis. Lets see how many people also misinterpret the same post that you must have....




When all that you do is counter everyone all day long on here, you cant expect life is a 1 way street, where no one is going to take the same attitude back towards you. You reap what you sow. If you would be kinder to people and their ideas, they would be kinder to you.

All I said was, if zero percent is available, and a person pays cash instead of invest that money in anything else which will yield them better returns, i don't think they are the best investor/manager of their money.

Last edited by Mikec7z; 11-19-2018 at 05:21 AM.
Mikec7z is offline  
The Following 2 Users Say Thank You to Mikec7z For This Useful Post:
FLEXjs (11-19-2018), RobGZ06 (11-19-2018)
Old 11-19-2018, 11:01 AM
  #35  
davepl
CF Senior Member
 
davepl's Avatar
 
Member Since: May 2000
Location: Redmond WA
Posts: 8,563
Thanked 1,411 Times in 942 Posts
Default

Originally Posted by sabastian458 View Post
Man, I like that Mac Tool Box in the back ground, Iíd take that over any Demon, any day.
My buddy has a similar one but without one of the end cabinets. He made a "chassis" out of it from 3" angle iron and wheels and so on, and rolls it to the car he's working on. Good thing the floor is smooth and level!
davepl is offline  
Old 11-19-2018, 11:03 AM
  #36  
davepl
CF Senior Member
 
davepl's Avatar
 
Member Since: May 2000
Location: Redmond WA
Posts: 8,563
Thanked 1,411 Times in 942 Posts
Default

Originally Posted by Warp Factor View Post
Lots of people have enough in their checking account to buy a Z06. I do too. So what?
Lots of people own real estate. I do too. So what?
The only reason anyone would keep ANY money in a bank right now is for FDIC insurance. Checking versus savings doesn't really matter....
davepl is offline  
Old 11-19-2018, 11:33 AM
  #37  
Warp Factor
CF Senior Member
Support Corvetteforum!
 
Warp Factor's Avatar
 
Member Since: Oct 2005
Location: Metro Detroit Michigan
Posts: 4,982
Thanked 481 Times in 348 Posts
Default

Originally Posted by DAVE396LT1 View Post
The only reason anyone would keep ANY money in a bank right now is for FDIC insurance. Checking versus savings doesn't really matter....
Semi-agreed. Other advantages are that it has nearly un-matched liquidity, and is pretty immune to the ups and downs of other sorts of holdings. It might be considered one of the super-safe areas, as a part of an overall investment and money management strategy.
Warp Factor is offline  
Old 11-19-2018, 12:05 PM
  #38  
FLEXjs
CF Senior Member
 
FLEXjs's Avatar
 
Member Since: Sep 2018
Location: Mississauga, Ontario, Canada
Posts: 1,546
Thanked 181 Times in 93 Posts
Default

LOL @ this thread....




Last edited by FLEXjs; 11-19-2018 at 12:07 PM.
FLEXjs is offline  
The Following User Says Thank You to FLEXjs For This Useful Post:
3 Z06ZR1 (11-19-2018)
Old 11-19-2018, 02:33 PM
  #39  
Tally Ho
CF Senior Member
Support Corvetteforum!
 
Tally Ho's Avatar
 
Member Since: Jul 2000
Location: Out Where the Buses Don't Run, Eglin AFB/ Niceville FL
Posts: 12,303
Thanked 168 Times in 137 Posts
Default

Demons are going for $115K to $140K at auction depending on miles, colour, and options. If he was fortunate enough to purchase this one at MSRP and then traded for a maximum optioned Z06 key for key the only loss will come when the Z06 depreciates and the Demon appreciates. Could be one of those guys that trades cars every year and doesn't GAF about loss/gain.
Tally Ho is offline  
Old 11-19-2018, 02:38 PM
  #40  
FLEXjs
CF Senior Member
 
FLEXjs's Avatar
 
Member Since: Sep 2018
Location: Mississauga, Ontario, Canada
Posts: 1,546
Thanked 181 Times in 93 Posts
Default

Ignoring financial considerations I would rather have a Z06 than a Demon every day all day. And I am a Mopar guy (see avi).
FLEXjs is offline  

Thread Tools
Search this Thread
Quick Reply: Who did this?


Sponsored Ads
Vendor Directory

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: