ok..i'm going to be blunt here
Sep 14, 2006, 10:13 PM
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ok..i'm going to be blunt here
only because i've been on the fence about this for some time now. I've asked before about if i should purchase an evo or not before, but i want to throw some numbers in there to see what you guys think. I want to pick myself up an Evolution, and the dealer by me is offering an MR for 31k.
i am stating the following purely for advice
i work a union job at UPS as a driver and i make 45k a year now, next year i will make 51k a year, and 6 months after that i will make 80k a year.
I have a 2000 Honda Civic Si now, and the insurance on this car through the same carrier is only $20/month more for a brand new IX MR.
i love my Civic, but want to get something with AWD for when i visit my family due to the snow that is consistent all winter and also want to get a sedan for more room for family..BUT...i still want something that kicks *** (like the evo)
.
as i stated before in a previous post, it will only take 44% of my "discretionary/free income (after taxes/bills/rent/etc)" now, 26% next year, and 14% 6 months later after that.
i just wanted to get some input from you guys now that i am providing actual numbers now and see what everyone has to say now.
i am stating the following purely for advice
i work a union job at UPS as a driver and i make 45k a year now, next year i will make 51k a year, and 6 months after that i will make 80k a year.
I have a 2000 Honda Civic Si now, and the insurance on this car through the same carrier is only $20/month more for a brand new IX MR.
i love my Civic, but want to get something with AWD for when i visit my family due to the snow that is consistent all winter and also want to get a sedan for more room for family..BUT...i still want something that kicks *** (like the evo)
.as i stated before in a previous post, it will only take 44% of my "discretionary/free income (after taxes/bills/rent/etc)" now, 26% next year, and 14% 6 months later after that.
i just wanted to get some input from you guys now that i am providing actual numbers now and see what everyone has to say now.
Sep 14, 2006, 10:14 PM
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buy the damn car or buy this one https://www.evolutionm.net/forums/sh...hreadid=223346
Sep 14, 2006, 10:17 PM
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Originally Posted by Silver05Bullet
buy the damn car or buy this one https://www.evolutionm.net/forums/sh...hreadid=223346
going from 31k to 40k is a big jump, considering how indecisive i am being for spending 31k.
Sep 14, 2006, 10:17 PM
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i have nothing to say....just buy an evo you wont regret it... it is the best investment?...well no, but the o5 evo 8 did rank highest resale value amonung all consumer cars.and 06 will prob pull it off.
Sep 14, 2006, 10:21 PM
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you'll need winter tires for a winter car.
Maybe you shouldn't ask this question on an Evo forums. I think most people would be biased towards purchasing one.
Maybe you shouldn't ask this question on an Evo forums. I think most people would be biased towards purchasing one.
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Sep 14, 2006, 10:23 PM
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Originally Posted by SophieSleeps
you'll need winter tires for a winter car.
Maybe you shouldn't ask this question on an Evo forums. I think most people would be biased towards purchasing one.
Maybe you shouldn't ask this question on an Evo forums. I think most people would be biased towards purchasing one.
i know people would be biased on here, but i wasn't asking if i should buy an evo over an sti or something like that...just if you would do it if you were in my position.
Sep 14, 2006, 10:28 PM
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Originally Posted by lowlife
yeah, i figured i would need different tires, but it would be a whole hell of a lot better than putting chains on. god dammit i did that too many times last winter.
i know people would be biased on here, but i wasn't asking if i should buy an evo over an sti or something like that...just if you would do it if you were in my position.
i know people would be biased on here, but i wasn't asking if i should buy an evo over an sti or something like that...just if you would do it if you were in my position.
I make 60k right now. Literally interviewed for another job this morning.
I picked up my WW GSR today after the interview.
I got a 5.99 APR. My credit score is in the 800's and I have a good debt/income ratio.
My trade in was worth 6500.
The difference between each 1 full point of interest was about 16 bucks a month.
I'm not sure if this is a good idea or not...but you could do a 6 year lease to drop payments, and after you start making more money, just send more money in for your monthly payments. This will decrease your principal payments and shorten the term of your loan.
My payments are around 430 a month, but I'll probably be paying 500. That should shorten the term of my loan by about 6 months or so
try going to http://www.bankrate.com/brm/auto-loan-calculator.asp to calculate it out.
Sep 14, 2006, 10:30 PM
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Originally Posted by SophieSleeps
It depends on your expenses.
I make 60k right now. Literally interviewed for another job this morning.
I picked up my WW GSR today after the interview.
I got a 5.99 APR. My credit score is in the 800's and I have a good debt/income ratio.
My trade in was worth 6500.
The difference between each 1 full point of interest was about 16 bucks a month.
I'm not sure if this is a good idea or not...but you could do a 6 year lease to drop payments, and after you start making more money, just send more money in for your monthly payments. This will decrease your principal payments and shorten the term of your loan.
My payments are around 430 a month, but I'll probably be paying 500. That should shorten the term of my loan by about 6 months or so
try going to http://www.bankrate.com/brm/auto-loan-calculator.asp to calculate it out.
I make 60k right now. Literally interviewed for another job this morning.
I picked up my WW GSR today after the interview.
I got a 5.99 APR. My credit score is in the 800's and I have a good debt/income ratio.
My trade in was worth 6500.
The difference between each 1 full point of interest was about 16 bucks a month.
I'm not sure if this is a good idea or not...but you could do a 6 year lease to drop payments, and after you start making more money, just send more money in for your monthly payments. This will decrease your principal payments and shorten the term of your loan.
My payments are around 430 a month, but I'll probably be paying 500. That should shorten the term of my loan by about 6 months or so
try going to http://www.bankrate.com/brm/auto-loan-calculator.asp to calculate it out.
Sep 14, 2006, 10:34 PM
#12
Originally Posted by lowlife
i make 45k a year now, next year i will make 51k a year, and 6 months after that i will make 80k a year.
Sep 14, 2006, 10:36 PM
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Originally Posted by f-dub
How does that work? Is it in your contract or is that just speculation? Personally, I don't think putting 44% of your income into a car payment sounds like a good idea.
Sep 14, 2006, 10:38 PM
#14
Originally Posted by lowlife
like i stated, it would be 44% of my "free money" (after bills, taxes, etc). and yes, it is in our contract...that is guaranteed to me.
Sep 14, 2006, 10:47 PM
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Originally Posted by f-dub
Wow, pretty sweet deal. I would say go with the 6 year loan as previously suggested. Make sure you get the loan through a bank that will allow you to pay extra towards the prinipal each month and not charge fees for doing so.