I am not driving an EVO at the moment but I plan on one for sure I just am beating myself up daily wishing I was in the position to get into one right now, it's summer and there are "I wish I had my EVO" cars everywhere. I currently owe $7,700.00 on my 1999 Ford Explorer that has 86,000 miles on the ticker, it books for $8,300 private sale and $9,000 ish retail... I owe about $900.00 on a credit card and $500 or so to a family friend... I have almost a years credit history but my job history is weak at the moment. I plan on leaving for USAF training around late fall early winter and when I arrive home from Tech school (total of about 6 months of training where I spend minimal cash) I will have the Military as my job history when I get home, I will be a reserve militant however I will have had about 6 months active duty under my belt so it will look as if that is my job history and 6 months is enough for my EVO.

I am hoping to have roughyl $3,000 to put down on a $24,000 EVO VIII that has been looked over thoroughly, I really don't care what color just not yellow as long as it is in nice shape, never modded and never molested. I am just really bumbed out as of lately because I am not in the position to get one and the time that I will seems SO far away. I pulled a credit report off of freecreditreport.com and my score was (687) and I got financed for my Explorer with only $500 dollars down from Patriot Subaru, the vehicle was priced at $9,900.00 and I got it for $7,295.00. I went to refinance my truck and they did it at 11% probobly because my history is minimal because I am 19 years old but they said according to there computers it was (590). I at the time had a big ding on my credit from when my mother activated a home phone account with Verizon and the bill was racked up to $504 dollars and unpaid for two years... I was 16 at the time and I disputed it with Experian and they removed it in litterally 2 days... so she said my credit score should jump because of that.

I am just thinking of so many things right now, how to be patient and I will have mine... I am doing all my homework on the car and the mods I plan on taking care of so I can be completely ready and far from EVO ignorant but I just never thought I could get the car... I was planning on getting out of my Explorer for some other car (an impulsive choice that I am SO glad I did not go with) they preapproved me for $17,000 dollars with no money down and this was only a month ago, the dealer told me I needed a co-signer because when I refinanced my truck the credit union was late with the payoff... but my credit union approved my no problem. I am just hoping I don't have anything to worry about with getting approved so I can just shop for the car and not have to pray I get the loan... this is months down the road so I am hoping if I continue to make my payments on time (besides that payoff nothing has been late or missed) that I will be able to get it. I love the cars and it bums me out going to the track with the crew of SRT's EVO's and such and I don't have one. UGH! Even if I can get the loan I would indeed be in denial that I am actually driving that car because a couple years ago I never imagined it could happen.

 

SOunds liek you can't afford this car. If you buy it, you may need to eat it too.

 

hmm.... try going to lendingtree.com to see if you qualify for a loan from one of those companies. If that doesnt work, ask one of your family members to cosign you and go to a credit union.

 

what job are you going in the air force for and what base

 

He'll just be a reservist, so he'll have no "job." He'll have to get his own job in the real world wherever he goes after training.

 

dont buy it if you cant afford it, you will grow to hate the car very quickly...

 

Then you can go to those Bahgdad Evo meets.. lol

 

Sounds like you shouldn't get the car yet. patience is a virtue. Look at my join date- and I just got my Evo last Friday. It killed me to wait this long, but it was the better financial move.

 

ummm yeah be smart fiancially...if you dont have a good job nor the down payment to lower the payments then dont. Like most everyone said you will grow to hate the car becuase you will be driving more to work than anything once you get a job...lol

 

I had to save up all my pay for about 11 months straight so I could buy my Evo. Put $10,000 cash and $3,000 trade for my 95 camry. (Yes, that was my pre evo car). Payments are still sky high at around 370 for 5 years, but I can afford that. Mods on the other hand I have to break the bank to afford them. But anyhow, save up as much as you can and that will determine if you get the loan or not. I was denied the loan the first time with $6,000 cash and trade. Had two years of great credit history too. If 30 g's is a little high for you then I'd go with the evo RS. That's what I was going to do. Good luck and I know it's hard, but be patient... I went through 11 long hard months of waiting for my evo.

 

I have not gone over jobs with the USAF recruiters just yet, I still have some other things to take care of before hand. I am currently a Surgical Tech in the U.S. Army and I have not gone to AIT yet, I don't think I will have a problem getting the loan and neither does my loan officer. I will have paid down my Explorer enough to get what I owe, surprisingly I don't owe much more than I can actually get private sale and that is pricing it to sell. I really want this car, more than anything and I have gone over the financial aspects of it and that is indeed why I plan on waiting until next spring to get the car... it would be an RS. I love the car and I am fully aware of what I will and will not be missing out on, I've gone over the factory options numerous times and assessed the situation I would be in, I've done my homework.

I would not be modding the car beyond dealer safe guidlines until my warrantee was up either so that is an excuse to save money. I just love the idea of zero miles and zero worries compared to used... no matter how clean or well taken care of a car is in my opinion there are ALWAYS going to be what ifs floating in my mind... piece of mind and the option to have this car and know what I am getting... I am truly an RS fan. I will be picking up a job that I can indeed jump into when I get out of training, something that I can apply to everyday life with out too much trouble and then I will make my move on the EVO... even if I have to buy out of state where I am stationed, I have thought ahead of time on this one.

I don't think it can be THAT hard to get into the car or to get financed. I will have two years of almost flawless payments and such... even with my credit score now my credit union was throwing 17g's out there at me and I consulted with them to see if it was overkill thinking I could get into a car like this in the time frame I am looking at with the cash I want to put down and they said obviously it would be confirmed yes or no at the time of purchase and they can't promise anything but she said I see no reason why you shouldn't. She said that "And the best part about then is you can actually shop for rates and not approval". So I am pretty confident, often times job history is not even a clincher... CU are not like banks, banks are specifically based on numbers, statistics and time frames, and there formula for approval is hardcore... CU's work with you. I just think about the car everyday and try and picture myself in it, I see some ricer and I wish I had the car even to stare at them. I have always paid for everything I own and this will be nothing shy of my baby... in good hands. I just get discuraged some times.

 

if you cant afford it wait a lil longer

 

the wait will deffinately be worth it

 

Whether you can afford one or not is down to simple mathematics.

For example if your target price is 24k and you have a 3k downpayment, then you're obviously looking to finance $21k (or more). Not sure what loan duration you will get on a used Evo or what interest rate (they're slowly but surely on their way up and the rate will depend on your credit report) but taking a $21k loan out over 60 months at 5% as an example, and that's a very good interest rate from a CU at the moment, you're looking at $396 per month for 5 years.

Use this link (choose "loan calculator") to see what you might be able to afford. Just remember that the loan duration and the % interest that you plug in may, or may not, be realistic and it's down to your personal lendor to set the rates etc.

http://www.pittsfordfcu.org/Rates/de...p#currentrates

 

DO NOT go to lendingtree.com EVER