try to sell it private party for what the dealer is offering you... then call the dealer thats selling them for cheap...

 

i would keep the sti man, you still have a few years left to pay on it. so your be upside down finanically. to me its a no go your car is basically identical power wise. just work with what you got or at least wait till you owe a little less on the scooby.

 

there is no way your payment is 255!
what is ur nterest rate?
thats not a god deal!
it is ok though!
if you really want the 9 take it!
auction price is what u r getting for your trade!
make sure you shop the rate

 

The problem is, you will *always* have a car loan when you have that mindset. Why do you think they revamp cars every 4 years or so? Something new will come along which looks cooler, goes faster, and has more toys.

Ask yourself this - if you had actually saved up 5 years to buy a car outright, do you think you would be so willing to trade the car in a year later and lose $6000-7000 plus the difference on the new car?

But when you look at it from the perspective of what you are paying on a loan per month, you get suckered in. You figure, oh its only 50 bucks more a month than what I pay now and I get x, x, x, and x. And guess what, everytime something new comes, you bite.

I hate to sound like an old fart but it blows my mind to see some of you trade-in your car every year for something else with these huge loans all the while buying parts for them on credit cards. If you put that $255/month car payment into a Roth IRA, you would be a millionaire in 30 years and not have to pay a single penny of taxes on it.

 

just keep the STI...

 

flux wanna trade for my 05 8 ssl??? i still got payments left too, probably even trade.

 

keep the i and think again when 0% or X

 

If you can get KBB/NADA trade-in and like $2k off of sticker, I always think that's an awesome deal. They're not budging from sticker, so talk to them on that end. This is usually a pretty hard deal to work, so don't expect it, but try for it.

If they won't move, don't make a move. I've went through this (see my sig).

 

go for it!

 

Most people driving cannot afford the car they have and will never be able to ... Once they face that reality then to them it seems ok to trade up to another car they cant afford cause if they dont they will never be able to get a better car any way cause they cant even afford the one they have...

Females have things easier cause they can always get a sugar daddy to by them a BMW 3series but mailes have to roll loans over and over again... For many paying off the car is irelivant it is all about having that new cool thing to show off and the girls you pick up don't know and dont care what you did toget your cool car...LOL

I can barely afford my lancer ES so I will drive it untill it is payed off... not cool i know but less stresfull financial.

 

It sounds like they're giving you a fair enough deal. Dealers always make out at least a little ahead but what they're offering for your STI is about as good as you'll see.

However, I would just sell the STI privately. If you price it right you can sell it quickly and then you can walk into any Mitsu dealer without worrying about them fudging #'s on you. Just offer them $500 over invoice for an IX and if they don't bit, another dealer will.

 

is it true many dealers purchase their cars below listed invoice?

Does this apply to dealers' Evos? or just with mass purchases of Accords and Civics?

 

I guess that's where we have a difference in view point. I accept that pretty much every three to four years I'm going to buy a new car.

I figure what I'm willing to pay on what I have left after my other bills and saving for retirement. I already have a Roth IRA and I'm putting in $200 a month, my wife is doing the same. I have no credit card debt and only my house and car are financed. We have a savings account for unexpected emergencies and I generally only pay cash for things.

So, to me if I want a new car and can get it for what I'm willing to pay without going any farther into the red I'll do it. I guess there are a lot of people financed out the a*s but I'm not one of them. I guess I think that people are generally in the same situation as myself and probably aren't. I don't care if I have a car payment because I'm budgeted for it.

So lets say he keeps it till it's paid off. There is a good chance by the time it's paid off he will still make the same amount of money off it because it will have depreciated another 4 years and will now probably only be worth $17,000 - 15,000 which is just about how much he will make on it if he sells it now.