What makes more sense keeping the evo or selling it
Originally Posted by joon
dont mean to thread jack, but im kind of in the same pickle. I got my evo this feb, and MITSU is raping me on the interest, 12.9%. Im paying 600 a month for the evo. The dealer has failed to keep their promise of fixing my rear bumper(9 months now) and everytime i go to service dept. they ignnore me, puente hill! suks!
anyways, you think i would be able to trade in my car for another? i will have a year with the car on feb. The car needs a new tranny, and the dealer has denied warranty.
Evos are nice, but the warranty sucks1 service sucks! PUENTE HILLS SUCKS!
anyways, you think i would be able to trade in my car for another? i will have a year with the car on feb. The car needs a new tranny, and the dealer has denied warranty.
Evos are nice, but the warranty sucks1 service sucks! PUENTE HILLS SUCKS!
Originally Posted by Yodobashi
Sell the thing and get a beater and clean up your mess. How in the world are you paying $680/month on a GSR when you put $6k down? I'm assuming you were upside down bigtime on your trade-in?
When I took my CTS-V to mitsubishi and showed the salesman, he was shocked. I made sure they understood how they lost a customer due to their lack of respect and robbery. I brought a couple of friends with me who also told them how they were going to buy an Evo but are now turned away from the entire mitsubishi motors lineup because of their scams and disrespect. When you go to Cadillac they treat you like a king compared to mitsu. When you go to mitsu it's like you're some scum bag.
double post Sorry
1. refinace it
2. sounds strange but maybe look into getting an old car for DD duty to save on gas and w&t which will prolong the life of your parts(unless you don't use it as a DD)
anyways keep it. GL
2. sounds strange but maybe look into getting an old car for DD duty to save on gas and w&t which will prolong the life of your parts(unless you don't use it as a DD)
anyways keep it. GL
Originally Posted by xhotaru
1. refinace it
2. sounds strange but maybe look into getting an old car for DD duty to save on gas and w&t which will prolong the life of your parts(unless you don't use it for DD)
anyways keep it. GL
2. sounds strange but maybe look into getting an old car for DD duty to save on gas and w&t which will prolong the life of your parts(unless you don't use it for DD)
anyways keep it. GL
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From: SoCal - Where pimpin aint easy
Originally Posted by Varrius
How old are you? I had the EXACT same interest rate on my Evo and I'm twenty. Let me guess, they financed you through MMCA(Mitsubishi Motor Credit Association) or w/e. These people ROB people, man. I have GOOD credit and I went to trade my IX for a SE, they told me NO. I go to CADILLAC. F'ING CADILLAC AND TRADE MY CAR IN FOR 5.9% INTEREST. I can get approved for a cadillac but not a 30,000 econo car chassis with different fenders and body kit w/ a turbo charged 2.0L. F*ck mitsubishi's credit company, man. They are robbers. They're getting sued for " Failing to Honor Credit Status ". They have given people with like 750 + Scores this EXACT same interest rate. I find it ironic that I had 13.9% too. Trade that car in, man. Trust me. You're paying nothing towards the principle. They're robbing you, plain and simple.
OP, figure out how much damage its going to cause by keeping the car. Then figure out what the situation is going to be once you own the house. If it outweighs the other options it might be time to let it go. Good luck
Originally Posted by Varrius
Refinancing looks bad to the bank and for future purchases. They will go " Why can't he pay what he obligated himself to pay and signed to pay? " They will think you're more of a risk and less of a profit when loaning you money. Trust me.
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Originally Posted by boostless
Was it your first purchase of a car? No matter how great your credit is, if you dont have a history of making car payments theyre going to give you a high APR.
OP, figure out how much damage its going to cause by keeping the car. Then figure out what the situation is going to be once you own the house. If it outweighs the other options it might be time to let it go. Good luck
OP, figure out how much damage its going to cause by keeping the car. Then figure out what the situation is going to be once you own the house. If it outweighs the other options it might be time to let it go. Good luck
Yea your score isnt as important as your credit history. Just cause you have a 702 a guy with a 600 score can have better credit than you , just means he has more loans out and debt
Ok, so it seems some people got jacked by Mitsubishi regardless of having a high beacon score. Now I am a very impatient and stubborn person, and often will forfeit a better deal for convience, but I am shocked that some of you would accept a high interest rate rather then going to another financial institution. I mean you could have laughed in the sales managers face at the high interest rate, and told them you'd be back, then gone to a local bank (or your own), opened an account with the minimal amount needed and applied for a loan at the same time. With a decent score you could have easily gotten 5-7%. My beacon is nothing to brag about by any means, and I was able to pull 6.7% with my bank.
Btw, I am not criticizing anyone for their decision. I make more then my fair share of bad decisions because I am too impatient to wait for something I want at a better deal. I'm just shocked and curious as to why you didn't refuse the deal?
Btw, I am not criticizing anyone for their decision. I make more then my fair share of bad decisions because I am too impatient to wait for something I want at a better deal. I'm just shocked and curious as to why you didn't refuse the deal?
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[QUOTE=saywhen]It is hard to enjoy a car you can't afford to drive. Sell the car buy a cheap reliable car and save for the X. You would not be asking if money wasn't an issue.[/QUOTE
I work on commision so its up and down alot
I work on commision so its up and down alot
Originally Posted by Varrius
Refinancing looks bad to the bank and for future purchases. They will go " Why can't he pay what he obligated himself to pay and signed to pay? " They will think you're more of a risk and less of a profit when loaning you money. Trust me.
If he refinaces and puts a little down it should lower his payments because he would have hopefuly increased his score by having the loan for more than a year.
Sell the car and buy a house. Mitsubishis are pieces of ****. This is the first and last Mitsubishi I will ever purchase. My interest rates are low but it is a pain living with the legendary Evo. If I had a career racing circuits or tracks then yes I would recruit the Evo into my stable. There are just better street cars out there that dosen't have the shady background like Mitsubishi has.