TwinTurbo.NET: Nissan 300ZX forum - I did something a little different...
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Subject I did something a little different...
     
Posted by dpjax on May 22, 2005 at 11:53 AM
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In Reply To financing a 300zxtt! Please Help! posted by crazyover300zxtt's on May 22, 2005 at 07:50 AM
     
Message Its a struggle for me not to spend every single penny I get, so I try to find ways to buy/save/finance that works for me.

When I bought my Z, I actually borrowed $9000 against a $10K CD. How my bank does it, I ended up paying 2% on the loan. Since I had 100% collateral, I could use that money on anything and the car has no lien (since the loan is already secured on the CD).

I just think of it as paying myself back. I paid it off early and my CD is still intact with its original APR (which is pretty decent).

Anyways, just a thought...its how I did it.

You should have some amount of savings/assets/collateral making that amount of money.

Good luck!

     
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