mathgeek

I realize that many of you have offered me constructive advice in the past, but let me get specific. I'm way upside down in my eclipse (~10K). I could get into an '05 Apex Silver with SSL and no money down for (are you sitting down?) $820/month, for 7 @#&%! years. Or I could come up with some cash up front and get the payment down to, say, 7 hundred something/month. The interest rate would be high because I'd be financing so much above MSRP (y'all know the drill). Anyway, does anyone out there love their Evo so much that they'd actually consider going to such absurd lengths to own one? Keep in mind that I can afford it. It's just that I'd end up paying, oh, between 50-55K for a 35K car, when all is said and done. My wife doesn't anything short of the whole enchilada (SSL). So, if you could afford it, would you, under these circumstances? Let me have it.

By the way, I don't want to hear any patronizing and derogatory BS about being indecisive. This damn car keeps me up at night, still. I'm practically schitzophrenic.

hydrofoam

iTrader: (2)

Honestly... Do not do that.. You WILL regret that in the long run

Speete

iTrader: (2)

Bad idea, you'll be really upside down when the Evo 9 comes out.

fatalbert69

iTrader: (36)

Well to be honest NO. I bought my MR put 8000 down. And am making 830 payments for 3 yrs. If you want it that bad go look around for financing deals. You will be surprised what you can find. final price about 40,000

DahakaJR

iTrader: (1)

Umm, My house payment is about 850. I'd rather have a house then an EVO. Well, i'll have both soon enough....

EVO8868

I love my EVO but wouldn't pay that much in monthly payments for it. I would just drive the Eclipse for another 6-7 months / make more payments and then get the EVO IX in the Fall. Just my 2 cents.

ray3328

iTrader: (37)

Financing any car for 7 years is a bad idea. If that is the only way you can get it then I would say don't. You would be paying too much interest plus trust me on this you will not want to keep the same car for seven years. In the long run you will not be happy paying seven years for a car even an Evo. Maybe used is the way to go for you but then again you'll have other things to worry about on a used Evo. Good luck and think it through.

mike69

Don't do it. Period. Don't pay more than 400-600 a month on one.

kimletrim

iTrader: (18)

Not worth it. DO NOT do it.

EVOTEXAS

iTrader: (12)

If you can afford 8XX a month then you can afford to pay the negative equity on your Eclipse. I personally would not recommend buying any new Mitsu anyways. They will all cost you money to sell later on. If I didn't already have my Evo I would certainly not be in the market for one. Suck up your situation until you'rr out of it then get something. Transferring your debt will only make it bigger. In seven years on a Evo after rolling in 10K you will be 20K negative. It's inevitable.

lightingyellow8

iTrader: (3)

as tempting as the evo is... dont do it man.. like they've said.. make a few more payments on your eclipse and just wait till the 9 comes out..

Evoisdream

iTrader: (27)

wow i couldnt imagine i put 8 down on my evo and pay 350 a month lol and im 19

MTMS4

Honestly, that it crazy thinking.....don't do it.

Lots of things in your life could change over a 7 year period (divorce, loss of job etc. etc.) and to be tied to that kind of payment EVERY month for 7 years is mad.

At the end of 7 years, even in pristine condition it will possibly be worth 10k.

Plus, there WILL be better cars coming along in the meantime.....even if it's only a new version of the Evo.

4TUN8

iTrader: (18)

Don't do it, start putting all of that money towards your being upside down. Get the car more squared away, and then look into trading it.

I don't pay that much for my house....I pay only 414 for my Evo.

mathgeek

Thank you. What's crazy about this is that I'm all too aware of the mathematics involved here. I know the amortization formula by heart (how pathetic is that!), and I've spent way too much time crunching this formula with different interest rates, down payments, etc. I know it would be ruinous from a financial point of view. Knowing this, I was just curious if anyone would still do it, and throw prudence and caution to the wind. Damn, it's hard to wait! One of my weak justifications would be that in England, they pay about 50K (USD) for an Evo. So it's not like I'd be the most screwed Evo owner on the planet. See how the mind works?