Why I am glad I didn't wait for the EVO IX
hey you never know? mivec may hav some problems..but only time will tell...it is always known that the last model made before a new version comes out is the best. but the evo xi kinks will be worked out as the years pass and it'll be just as relaible as the 05's.
0% financing won't change whether or not you are "upsidedown" in your value vs equity... Over a 60month period you will pay off the car either way, your amortization will not change based on rate because the fact is that you have to pay of 30,000 dollars either way. What will change is your payment because there will not be any interest amortizing againt your principal payments. However, that may make it easier to take a 48 month term instead of 60 or 72 even, thus you will pay down your loan faster and have a lower likelihood of negative equity in your vehicle
Good luck! I just like to hear myself talk
Good luck! I just like to hear myself talk
Thread Starter
Evolving Member
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Joined: Aug 2005
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From: Bradenton, FL
Originally Posted by concordmitsunet
0% financing won't change whether or not you are "upsidedown" in your value vs equity... Over a 60month period you will pay off the car either way, your amortization will not change based on rate because the fact is that you have to pay of 30,000 dollars either way. What will change is your payment because there will not be any interest amortizing againt your principal payments. However, that may make it easier to take a 48 month term instead of 60 or 72 even, thus you will pay down your loan faster and have a lower likelihood of negative equity in your vehicle
Good luck! I just like to hear myself talk
Good luck! I just like to hear myself talk

. I meant that at almost anytime between now and then I can dump it for at least what I owe especially considering the entire payment is going towards principal. Not to mention already getting it below "market" price to begin with.
Originally Posted by AC556k
The biggest thing that I have noticed is a lot of defects and problems with the 03-04 EVO's that have been addressed and resolved with the 05. It would seem it really is not the best thing to buy the first year of a model change. Next would be paying below sticker and not above. Lastly 0% financing and all this means I will never be upside down on this beast. 
Originally Posted by AC556k
I have not nor do not plan on ever keeping a car for 60 months
. I meant that at almost anytime between now and then I can dump it for at least what I owe especially considering the entire payment is going towards principal. Not to mention already getting it below "market" price to begin with. 
. I meant that at almost anytime between now and then I can dump it for at least what I owe especially considering the entire payment is going towards principal. Not to mention already getting it below "market" price to begin with. word.
Originally Posted by concordmitsunet
0% financing won't change whether or not you are "upsidedown" in your value vs equity... Over a 60month period you will pay off the car either way, your amortization will not change based on rate because the fact is that you have to pay of 30,000 dollars either way. What will change is your payment because there will not be any interest amortizing againt your principal payments. However, that may make it easier to take a 48 month term instead of 60 or 72 even, thus you will pay down your loan faster and have a lower likelihood of negative equity in your vehicle
Good luck! I just like to hear myself talk
Good luck! I just like to hear myself talk

while, i don't entirely agree with him not being 'upside down' in it either. for the first year you are a bit upside down in it. that car lost 2500 in value when you signed the paperwork, not to mention the tax you paid on it that you won't recover.
the only real way to buy a car and stay on top is to buy used from another Person. In most states, you don't have to pay tax on that(believe it or not, some you do...which is rediculous).
Thread Starter
Evolving Member
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Joined: Aug 2005
Posts: 199
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From: Bradenton, FL
Originally Posted by gsujeff55
wrong. in car loans most of the interest is put into the payment during the first half of the note. this way, the finance company gets their money faster. your first payment on your car, is a lot of interest in relation to the principal where as your last payment is NO interest in relation to your principal.
while, i don't entirely agree with him not being 'upside down' in it either. for the first year you are a bit upside down in it. that car lost 2500 in value when you signed the paperwork, not to mention the tax you paid on it that you won't recover.
the only real way to buy a car and stay on top is to buy used from another Person. In most states, you don't have to pay tax on that(believe it or not, some you do...which is rediculous).
while, i don't entirely agree with him not being 'upside down' in it either. for the first year you are a bit upside down in it. that car lost 2500 in value when you signed the paperwork, not to mention the tax you paid on it that you won't recover.
the only real way to buy a car and stay on top is to buy used from another Person. In most states, you don't have to pay tax on that(believe it or not, some you do...which is rediculous).
Originally Posted by AC556k
Ha, paid no sales tax! Got $37,500 in trade for my 02 M3 



