Notices
Evo General Discuss any generalized technical Evo related topics that may not fit into the other forums. Please do not post tech and rumor threads here.
Sponsored by: RavSpec - JDM Wheels Central

Why I am glad I didn't wait for the EVO IX

Thread Tools
 
Search this Thread
 
Old Sep 28, 2005 | 12:53 PM
  #16  
marks03evo's Avatar
Evolved Member
iTrader: (11)
 
Joined: Jan 2005
Posts: 585
Likes: 1
From: palm beach, florida
but the evo 9 can NeVaR l0sE boIIi
Reply
Old Sep 28, 2005 | 01:18 PM
  #17  
sirloin1219's Avatar
Evolved Member
iTrader: (2)
 
Joined: May 2005
Posts: 706
Likes: 0
From: redondo beach
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.
Reply
Old Sep 28, 2005 | 01:24 PM
  #18  
Thegame's Avatar
Evolved Member
iTrader: (26)
 
Joined: Aug 2004
Posts: 2,426
Likes: 0
From: Pittsburgh, PA
For your information, the 05's have more problems than the 04's.
Reply
Old Sep 28, 2005 | 01:26 PM
  #19  
Nez136's Avatar
Evolved Member
iTrader: (10)
 
Joined: May 2004
Posts: 2,679
Likes: 0
From: Milwaukee
i've had an '03 for almost 2 years and now a '05, i have NEVER had a problem with these cars
Reply
Old Sep 28, 2005 | 01:37 PM
  #20  
concordmitsunet's Avatar
Evolving Member
 
Joined: Feb 2003
Posts: 140
Likes: 0
From: Walnut Creek, CA
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
Reply
Old Sep 28, 2005 | 02:06 PM
  #21  
AC556k's Avatar
Thread Starter
Evolving Member
iTrader: (3)
 
Joined: Aug 2005
Posts: 199
Likes: 0
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
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.
Reply
Old Sep 28, 2005 | 02:22 PM
  #22  
wingless's Avatar
Evolved Member
iTrader: (15)
 
Joined: Oct 2003
Posts: 1,221
Likes: 6
From: Boston
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.
Well congrats on your purchase. 05's are far suprerior to all other Evo's because it's the only year Mitsu let your miserable a$$ finance the **** out of the 35k you don't have to buy one. Goodluck.
Reply
Old Sep 28, 2005 | 02:23 PM
  #23  
concordmitsunet's Avatar
Evolving Member
 
Joined: Feb 2003
Posts: 140
Likes: 0
From: Walnut Creek, CA
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.

word.
Reply
Old Sep 29, 2005 | 07:23 AM
  #24  
meanmud's Avatar
Evolved Member
iTrader: (74)
 
Joined: Sep 2003
Posts: 2,758
Likes: 1
From: The 1st State
Originally Posted by Tsurara
Keep telling yourself that, pal
pal ?
Reply
Old Sep 29, 2005 | 07:41 AM
  #25  
gsujeff55's Avatar
Evolved Member
iTrader: (4)
 
Joined: Sep 2004
Posts: 2,838
Likes: 1
From: GA
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
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).
Reply
Old Sep 29, 2005 | 07:44 AM
  #26  
AC556k's Avatar
Thread Starter
Evolving Member
iTrader: (3)
 
Joined: Aug 2005
Posts: 199
Likes: 0
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).
Ha, paid no sales tax! Got $37,500 in trade for my 02 M3
Reply
Old Sep 29, 2005 | 08:07 AM
  #27  
Turbo Meg's Avatar
Evolved Member
iTrader: (5)
 
Joined: Jan 2005
Posts: 567
Likes: 0
From: Rochester NH
Originally Posted by AC556k
Ha, paid no sales tax! Got $37,500 in trade for my 02 M3
The reason you didn't pay sales tax is because you traded a car in that was worth more on paper then the one you bought. You only pay sales tax on the positive difference in value. I guess you will never have to pay sales tax if you keep trading down. I know it sucks to own a car like your old BMW to only get dusted by a four door econobox, god I love my Evo.
Reply
Old Sep 29, 2005 | 08:07 AM
  #28  
gsujeff55's Avatar
Evolved Member
iTrader: (4)
 
Joined: Sep 2004
Posts: 2,838
Likes: 1
From: GA
well, that works. So, they cut you a check to buy the car?
Reply
Old Sep 29, 2005 | 08:16 AM
  #29  
Turbo Meg's Avatar
Evolved Member
iTrader: (5)
 
Joined: Jan 2005
Posts: 567
Likes: 0
From: Rochester NH
Originally Posted by gsujeff55
well, that works. So, they cut you a check to buy the car?
No they put the difference towards the down payment.
Reply
Old Sep 29, 2005 | 08:19 AM
  #30  
gsujeff55's Avatar
Evolved Member
iTrader: (4)
 
Joined: Sep 2004
Posts: 2,838
Likes: 1
From: GA
Originally Posted by Turbo Meg
No they put the difference towards the down payment.
lol, i know that...it was a joke.
Reply



All times are GMT -7. The time now is 04:56 PM.