It will cost less per month, because it's worth less/costs less total. The insurance difference is pretty big, though. There should be no difference in insurance premium between these 2 cars, so if yours is that high, then you may want to go that route. That is, only if price is your main concern. For me, it was performance.

 

Actually they are selling the evo for cheaper its a regualr IX that they want me to lease at invoice but the residual for a lease on the evo is horrible. The sti is 36k but has alot better residual rate making the payments lower on the sti.

 

I don't know what that residual stuff is, but if you are planning on leasing either, then that's ridiculous. I don't know why you'd think about leasing an Evo. I also have no idea how an STi could cost 36k. They've been 31-32k for years. Doesn't sound like you're going about this in the right way, but whatever floats your boat.

 

The STI felt like a kids car to me in the Evo I felt like I was at home. I come from a history of 911s and M3s the Evo Inspires more confidence at speed than these German beasts[stock].

 

There is alot of extra options added to the sti and its the most popular color. Crystal grey metallic.

 

get a hyrbid instead

 

A lot of people have expounded on this matter so I guess I'll throw in some opinions as it seems like everyone has something to say.

I'd say the Subaru has a better looking interior... whether it is actually better or not is questionable. The plastic materials used are similar and so is the build. It just looks better. The dash looks more modern rather than the Evo's minivan looking dash. What I see as a potential future problem is the frameless side windows. I like them but when it gets older it will rattle and not seal correctly... this has happened to all my previous frameless window cars. It also has more low end torque and the suspension is softer which is good for comfort and driving. The seats suck and have more in common with a sofa than sports seats.

Some people like the STI, it feels more solid, heavy and because the interior looks nicer it makes them feel like they are getting their money's worth. The Evo is pretty raw. It doesn't have the same comfort and the interior is bare. But it feels more quick on its feet and overall sportier. Even though the STI is not bigger, it feels really big and reacts slow. I wanted a fast weekend car to drive. If I wanted something I want to drive daily, I would pick the STI. But given the look of the new 06 though, the Subaru made that choice for me.

 

$500/mo for a car payment? Unless you already own a home and have set aside some savings, that's too much money to spend on a damn car. At a minimum, save up so you can lower the monthly payment or shorten the finance term.

 

the sti payment is 437 a month the evo is at 482. Insurance is alot more on the evo though. Tpugh choice here. Im sure you all are for the evo I mean this is the evo forums not the sti forums but I used to have evo's so I like these forums and the people here.

 

If price is a major factor for you, get the STI. I have driven both and I prefer the Evo (but went with a 92 Talon instead!). Since you are not going to mod either one, you may want to go with the STI... but why in gods name would you LEASE either one of them? There are very few situations where leasing a car ends up being better than buying a car. Are you sure leasing is the path you wish to tread?

strike

 

For as much as I buy cars leasing is the best way to go. There is really nothing wrong with leasing. At least this way I wont end up with negative equity.

 

the reason i bought an evo over sti is that the back seat leg room is better ...
and the overall quailty is better too.... sti is more like domestic style quality.... the evo is pure japanes honda quality....

those of u who think sti is better ..... you need to upgrade ur eyes before upgrade ur sti~!

 

Leasing is indeed a great idea.... for the leasing company!

It really comes down to the term of your lease and need to drive the car. If all of the following are true:

1) You want to get out of the car in a short period (24-36 months),
2) The "residual value" turns out to be exactly the market value of the car at lease-end,
3) You drive within the specified annual maximums (ie no going over the 15,000/yr or whatever)

....then a lease option may be equivalent to a buy option, in terms of cost to drive to the lessee. Otherwise, leasing will be more costly than purchasing outright. You are either handing back to the leasing company any possible equity the car may have (market value - residual value) or you could pay the residual cost and sell the car outright.

 

That has to be the funniest thing I have heard. Who puts money down on ANY car? That is the worst investment you could possibly tell anybody.

Depending on the variables keeping the cash and paying more per month is the smartest. Let's run some numbers here:


$36000 for 4 years at 5%
$829 a month
$3795 in total interest

$10000 down payment
$26000 for 4 years at 5%
$599 a month
$2741 in total interest

Monthly savings of $230 and over the course of the loan $11040.

If you took that $10000 and put it into a ING Direct with roughly 4% interest rate you have would have $11,731.99 after 4 years. That's interest compounded monthly.

Which would you rather have a higher monthly payment or dumping 10k into a DEAPPRECIATING item. God forbid somebody smacks into you driving down the street and it's total you just lost that much more if you have no gap insurance. Just like if you had 36k in cash, you would be better off taking a loan out and putting the principal in an account and paying monthly The choice is obivious to me.

Big downpayments make the car affordable for individuals who couldn't afford it from the get go.

Something to ponder, then again buying a new car is the worst financial decision you can make...

 

He is absoultely right. Car payments that high are as much as some mortage payments around the country. If one does not own a home yet, that should be priority over a car payment that huge. I say if somebody has no money to put down to lower there payment, thats a car they cant afford in the first place, go look at a civic. The evo is great, i love mine, but priorties must be set.