07-05-2007, 12:36 AM | #1 |
2010 Z28 vert drooler
Drives: 2010 Z28 vert Join Date: Jul 2007
Location: Chicago,IL
Posts: 15
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How much have you saved for your new Camaro?
Getting a vert in 2010 and have already started saving as of yesterday (July 4th 2007), right now have $200 but will have a hefty downpayment when that day comes, would love to put down $20-25k. So how much have you saved and what downpayment are you looking at?
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MY CAMAROS GONE BUT NOT FORGOTTEN
78 CAMARO 86 Z28 02 CAMARO SS #7719 |
07-05-2007, 08:54 AM | #2 |
Chevrolet Enthusiast
Drives: 2011 Camaro SS ;) Join Date: Jun 2006
Location: Bowling Green, Kentucky
Posts: 807
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As of right now all I have so far is $500 in savings... But I'm proud of my $500 because I started my savings account recently, like you, for my downpayment. Plus I am paying for books for school and gas and all that good stuff... and I can only work on the weekends since I work 12 hour shifts and I have some credit card bills like Victorias Secret and American Eagle and a cell phone. So yes, I am very proud of my $500 but it will be built up by the time 2009 gets here!
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07-05-2007, 11:49 AM | #3 |
www.Camaro5store.com
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I have no extra cash in the bank as the 4 of us are living off of my salary. My plan is to trade in the SS or sell it outright since it's paid off...use that cash to pay off my wifes veh. Then, we go buy my new Camaro.
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07-05-2007, 11:51 AM | #4 |
Gotta love this shit!
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Currently nothing,.. but I'm in the Navy and about to go on a 6 mo. deployment. I get a shit load of money for being overseas,... Family Separation Pay, Hazardous Duty Pay, and even tax free. I can feasibly come back with about $10k. And since I'm not getting my Z28 until 2011 anyway,... I'll have at least two deployments under my belt. So can we say about $20k-ish as a down payment?!?!?!?! HELL YEAH!!!
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07-05-2007, 11:58 AM | #5 |
Drives: 2002 Z/28 Coupe Join Date: Mar 2007
Location: Wilkesboro, NC
Posts: 3
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Right now I have about 49,000 dollars in my savngs account. I am planning on getting the top dog and paying with cash.
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07-05-2007, 11:58 AM | #6 |
Drives: 2018 Camaro 2SS 1LE Join Date: Dec 2006
Location: Ottawa, Canada
Posts: 307
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I'll be leasing my Camaro. Its easier for me tax write off wise. Plus, with the lower lease payments, I might be able to step up to the Top Dog.
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07-05-2007, 01:14 PM | #7 |
Drives: 2012 Z28 (I'm hoping) Join Date: May 2007
Location: Coppell, TX
Posts: 129
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A little off topic...but anyways
Starting a savings plan early and sticking to it is the key...no matter how much you earn. I have two boys (18 and 15) and have taught them that. My sons work to earn money...not a lot...mowing yards and general summer stuff. I tell them if you put your money into a LT investment, I'll match it dollar for dollar. They both started at 14 and we have invested in a mutual fund that is not hyper aggressive. We set a target of saving $4,000 a year...they put up two and I put up two and plan on funding the account for four years and stopping there. They are on their own at 18. Assuming a average stock market return of 11% until they are 60 do you know what their investment of $16K grows to? 14 4000 1.11 4,440.00 15 4000 1.11 9,368.40 16 4000 1.11 14,838.92 17 4000 1.11 20,911.21 18 1.11 23,211.44 19 1.11 25,764.70 20 1.11 28,598.81 21 1.11 31,744.68 22 1.11 35,236.60 23 1.11 39,112.62 24 1.11 43,415.01 25 1.11 48,190.66 26 1.11 53,491.64 27 1.11 59,375.72 28 1.11 65,907.04 29 1.11 73,156.82 30 1.11 81,204.07 31 1.11 90,136.52 32 1.11 100,051.53 33 1.11 111,057.20 34 1.11 123,273.50 35 1.11 136,833.58 36 1.11 151,885.27 37 1.11 168,592.65 38 1.11 187,137.85 39 1.11 207,723.01 40 1.11 230,572.54 41 1.11 255,935.52 42 1.11 284,088.43 43 1.11 315,338.15 44 1.11 350,025.35 45 1.11 388,528.14 46 1.11 431,266.24 47 1.11 478,705.52 48 1.11 531,363.13 49 1.11 589,813.07 50 1.11 654,692.51 51 1.11 726,708.69 52 1.11 806,646.64 53 1.11 895,377.77 54 1.11 993,869.33 55 1.11 1,103,194.95 56 1.11 1,224,546.40 57 1.11 1,359,246.50 58 1.11 1,508,763.62 59 1.11 1,674,727.62 60 1.11 1,858,947.65 That's if they never saved another dime for the rest of their life!!! Pay yourself first. Set up an automatic debit from your pay check each pay period, take 10% off the top and invest it. By setting it up as an auto payment the money is out of sight out of mind....you won't even miss it. All that being said I am a cash buyer. JWz28. Last edited by JWz28; 07-05-2007 at 01:30 PM. |
07-05-2007, 05:40 PM | #8 |
E.B.A.H.
Drives: you wild... Join Date: Mar 2007
Location: In the happy padded room wearing a jacket that makes me hug myself...
Posts: 18,421
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$3500 so far. I'm putting 500+ every month.
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07-05-2007, 05:46 PM | #9 |
Go Rays!
Drives: 03 Trailblazer Join Date: May 2007
Location: St Pete, Florida
Posts: 2,533
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Life throws those curve balls, right?
Looks like I'm moving and buying a house in a new state, thanks to the affairs of love and all that jazz. The good news is, we have a "pre-nup" (that's a joke) agreement already that I get my car. I think it's a good sign that after thinking about it for a second, her response was "ok, as long as it's a convertible". Enough said. |
07-05-2007, 05:57 PM | #10 | |
www.Camaro5store.com
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Quote:
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07-05-2007, 08:07 PM | #11 | |
Camaro Fanatic
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Quote:
I hear ya JWz28 from the day I signed up I started a thrift savings plan, and a Roth IRA...but you seem pretty savoy, might need to talk to you about some short term investing sometimes |
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07-05-2007, 08:15 PM | #12 |
I used to be Dragoneye...
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I've got 10k saved...but college is going to make it difficult to add to that, I think...however - a $20,000 car is cheaper to pay off than a $30,000 car.
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07-05-2007, 08:29 PM | #13 |
Back in Black
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I'll probably have a 2001 Trans Am that I'll put down on it. It should be paid off by the time I get one. That should knock a big chunk out of the principal. I'll probably have some cash saved up too, but i don't know how much. on the Roth IRA. I started mine when I joined the army, lost it all pretty much after 9/11 and now I'm making a profit finally. It's for the long term anyway, so I'm not too worried about it. When I got married I had to take a break from saving, but I plan to start back up when I return from this deployment and things settle down. Like TFord I'd like to get serious on some short term investments. I need to diversify and let my money make more money.
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07-06-2007, 12:55 AM | #14 | ||
Truth Enforcer
Drives: anything I can get my hands on Join Date: Sep 2006
Location: anywhere and everywhere
Posts: 22,797
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currently sittin on $8000.00 ive been putting away $2000.00 a month since April and will continue to until Sept. 08. then it all goes bye-bye.
I would honestly like to pay the car off completely in cash. just stroll up and throw a wad at the sales rep and say "give me the keys" buuuuuuuuuut, Id have to find the right one that suits me, and that will take time, and it will prolly be green for some reason...
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Last edited by CamaroSpike23; 07-06-2007 at 04:38 AM. |
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