I owned 2 Evo's and loved them, Would I like an Sti?????
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Joined: Dec 2005
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From: DC Metro
Originally Posted by GPTourer
I understand your point, and if people did better at saving up cash for an emergency, the other scenario wouldn't be a problem either. You either pay now or you pay later. If you had put down that much cash at the beginning, and you are struggling to make the payment and have to sell the car, perhaps you shouldn't have bought that much car in the first place like bennine is saying, or if you still had the cash you put down, maybe you wouldn't be in that crisis. Plus, if you bought gap insurance, didn't put any down and in fact rolled in negative equity and the car were stolen or totalled, insurance pays the book value of the loan, gap pays the difference which is the negative equity + your deductible! Imagine if you had put a bunch of cash down in that scenario - you'd never get that back.
Sure it does, that's why there are arguments against ever buying a new vehicle. Since loans are simple interest, if you decide you want to pay extra you chop off the back end of the loan without penalty. It doesn't have to last that long just because you signed for that much in the beginning.
0-0-0 was for one year only. 0 down, no payments and no interest for the first year, then it jumped to like 8.9% for even a well qualified customer. The problem was giving those loans to people who weren't qualified for that much vehicle to begin with. From time to time we do have 0% for the life of a loan on a car. Most times it is really short like 36 months, but we've had it for 60 months and even 72 months a few times, why anybody would want to put any money down at all in that type of situation is beyond me. IF you did have a trade, just cash it out, you can stick that money in a measly bank savings account and earn like 1-2% interest and still be better off then cutting your payment 16.67 per thousand.
Sure it does, that's why there are arguments against ever buying a new vehicle. Since loans are simple interest, if you decide you want to pay extra you chop off the back end of the loan without penalty. It doesn't have to last that long just because you signed for that much in the beginning.
0-0-0 was for one year only. 0 down, no payments and no interest for the first year, then it jumped to like 8.9% for even a well qualified customer. The problem was giving those loans to people who weren't qualified for that much vehicle to begin with. From time to time we do have 0% for the life of a loan on a car. Most times it is really short like 36 months, but we've had it for 60 months and even 72 months a few times, why anybody would want to put any money down at all in that type of situation is beyond me. IF you did have a trade, just cash it out, you can stick that money in a measly bank savings account and earn like 1-2% interest and still be better off then cutting your payment 16.67 per thousand.
Evolved Member
Joined: Mar 2002
Posts: 4,312
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From: Birmingham, AL
Originally Posted by benninetanyahoo
Based off that, please please tell me what you think of Real Estate. I got to see if great minds think alike
Pretty much the same way. I wouldn't stress myself out to dump a whole lot of cash into a house. I'd put down as little as possible. I understand for people just starting out, you might have to put some down, or they jack your rate, the PMI, but again, if you have to save up a whole bunch to get a mortgage you can just barely make the payment on, then perhaps you are buying too much house. Most houses appreciate, so you'll eventually have equity, but having cash laying around earning interest in something I can easily get it out off is more important to me if something unforseen were to happen. I'd use some of that extra cash to make some home improvements, especially if I bought a fixer upper.
Last edited by GPTourer; Dec 23, 2005 at 09:43 AM.
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Evolving Member
Joined: Jul 2005
Posts: 262
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From: Spokane Washington
Can you guys click on this link and wait for the pics to loead and tell me your thoughts overall on the appearance of this Sti. I think its amazing looking.
http://www.clubwrx.net/forums/showth...ght=steel+gray
http://www.clubwrx.net/forums/showth...ght=steel+gray
Evolved Member
iTrader: (7)
Joined: Aug 2004
Posts: 1,252
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From: Del Monte Beach, Monterey, CA
Sti defianetly sounds better.. to be quite honest.. if your gonna leave the car stock, the sti is more reliable better built car with better backing.. but modded they are no match. I have whopped on every STi I have raced on up top.. its like they can hang with me untill 5000rpm.. then i pull about 4-6 cars lengths on every one.. and some have been pretty heavily modded.
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Evolving Member
Joined: Jul 2005
Posts: 262
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From: Spokane Washington
4 to 6 car lengths is kinda pushing it dont you think. I would beleive 1 to 2 car lengths. Sti's stock for stock hang with evo's and sometimes beat them and vise versa.
Evolved Member
Joined: Mar 2002
Posts: 4,312
Likes: 3
From: Birmingham, AL
Originally Posted by Brijen123
Can you guys click on this link and wait for the pics to loead and tell me your thoughts overall on the appearance of this Sti. I think its amazing looking.
http://www.clubwrx.net/forums/showth...ght=steel+gray
http://www.clubwrx.net/forums/showth...ght=steel+gray
Thread Starter
Evolving Member
Joined: Jul 2005
Posts: 262
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From: Spokane Washington
Originally Posted by GPTourer
The color is nice. But I don't like the gold wheels on it. Clashes too much IMO. I thought the same thing when somebody PS'd gold rims on a GG MR elsewhere on this board. Blech. I saw one in person and my opinion on the '06 front end improved from hideous to repulsive. The puppy pic above is cute, it is sad it is associated with that nasty looking front end.
It will grow on you
no idea why i posted this... but blak and gold for the win if u get a subie Brijien123
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Evolving Member
Joined: Jul 2005
Posts: 262
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From: Spokane Washington
Originally Posted by GgreyEVOIX
FYI a lot of subie guys sell their STI's for EVO's for a reason, including me.
