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School loans? Help!

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Old Nov 1, 2005 | 08:22 AM
  #16  
pgjoey's Avatar
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From: Ashburn, VA
Originally Posted by 4g63_24
Maybe...i should add this in...the co-signer of my ride will be my uncle because he owns a gas station in minnesota so he has rock solid credit...i hope my interest rate is low with him and there are no negatives on my credit score because i haven't missed payments...pay everything on time hopefully i'll be in a tarmac black IX this summer..thanks to all those who reply...
If he co-signs, all you need to do is make the payments. It will help your credit as well as his. The negative to him signing is if you can not make a payment for some reason. They (the bank, etc.) will come after him for a payment. If he co-signs you will be an Evo owner for sure!
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Old Nov 1, 2005 | 09:21 AM
  #17  
4g63_24's Avatar
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From: minnesota
Originally Posted by KevinD
be careful though... the evo is way more expensive then just the monthly payment. i make considerably more then you (2x), and have considered selling the evo just to catch up on everything else. my rent is about 1/4 of what i end up spending on my evo every month, not including mods. my insurance wont be bad, 900 every 6 months once i change from progressive (doing the defensive driving course right now for discount). the payments are 500 every month (i put nothing down, my interest rate is now 4.75% after refinancing). but here are the real kickers!!! i estimate i spent about 200 a month in gas simply because it is not very fuel efficient, and i don't even drive that much (15k a year). if you stick with stock tires, they wont last you long if you use the evo for what it is ment for (track days, autocrossing, etc.)... i estimated if you stick with stock tires you are looking at about .10-.15 cents a mile just for rubber, which is damn close to the cost of gas. and we all know it is impossible to keep the car stock.... so whatever else you will spend there.


if your parents are covering all your other expenses (food, rent, bills, gas, insurance, "allowance") then by all means buy the car. but remember if you are on your own, the killers are the hidden expenses for the evo and they are pretty bad. i easily end up putting over 1k a month between car payment, insurance, gas, rubber, and other mods in the evo. its a pain but i have to admit it puts a smile on my face every time i get in it

Thanks for your input, i know about some of the hidden cost on an evo...but like you say it's the smile that makes it all worth while
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