I know what you mean...I went to a dealer the other day to get some parts, and got into a conversation with a pretty young looking sales guy. I told him that is was a shame that there weren't anymore IX RSs for sale on the east coast...he said "sure there are, i can get you one easy, as a matter of fact that's mine over there, I just bought it." He pointed to his GG IX GSR!

 

Hit Up Carmax,youll Be Surprise What You Find

 

cars.com, ebay(many dealers sell their cars here), autotrader.com

 

I see your point as well as the virtue in it however; financing is a fact of life. It allows people to "afford" things that they would not typically be able to. If by going with the idea that "if you can't pay for it with cash then you can't afford it", then not only will majority of the population not have a car, majority of the population will over-crowd the major cities since they would not be able to commute to their jobs. Let me take your idea to another level. Financing a home. Just a hunch but I would say that almost everyone is financing their home. We can't all live in tents for a while until we save up money to buy a house with cash.

There are other ways of being fiscally responsible other than going to an extreme of simply paying for things in cash. For one, a person can look at how much he/she makes, account for general expenses, and rationally analyze what is affordable.

Simple fact...financing makes this world go around. Without it, you will find the world progressing far slower than it is. I guess that may or may not be a good thing.

As far as your remark about congress and its spending. I can't agree with you more that congress needs to be cautious but what not many people realize is that the deficit has actually been on a steady decline the past two years. It may have something to do with the fact that tax revenue has climbed over 8%. The deficit is merely a balancing act and if you account for the GDP that this country pumps out, the deficit is really not a big deal.

Finance = progress

More importantly...finance = fun with EVO!!!

 

The return rate on my investments is much higher than the interest rate on my loan. Paying in full would cost me money.

It's not *my* fault that you have a weak portfolio.

 

Wow you're obtuse. Realize that to some people the added security of having cash available at any given moment is actually very valuable. Sure they can put that money elsewhere and allow it to grow, but some people differ in their needs.

 

Of course you are completely ignoring *RISK*. If your investments tank, you could be left with nothing but a car loan.

Following your logic, why ever pay cash for anything? Why not put *EVERYTHING* on a loan since you can make more investing than say you could with 0% balance transfer credit cards or whatnot? And for that matter, why not take out equity loans on anything you can to get more cash to invest? The answer is rather obvious. Why should it be different with a car loan?

 

You are being overly dramatic. You can buy a *DECENT* car for a couple grand that will get you to work. I have bought several cars for under $4000 cash and they have all turned out fine - in fact, in every case I was able to sell them for more than I paid or break even on them after using them for around a year or so. You could also commute on public transportation. The claim that you need a car loan to get to work is rather ludicrous.

Comparing a car loan to a mortgage is also rather ridiculous. A car depreciates approximately 20% of its value every year and in best case scenario - you might get 15-20 years of use out of it if you hold on to it. Car loan = stupid loan.

A home on the other hand will increase in value over time in almost all cases. And while needing some upkeep along the way, it can for the most part last for your lifetime and then some. Mortgage = smart loan.

Do you have any idea how ridiculous this statement sounds

 

come to nj, freehold mitsubishi. awesome dealership and they warranty cars with aftermarket parts

 

I think the problem here is most people are talking without a true knowledge on the subject. I'm a marketing major and also work for a major financial firm. Without getting too complicated; debt is debt. There's good debt and bad debt. Good debt is something that has the potential to make you money. Good debt would be for example, the house (assuming the market is appreciating). Bad debt is something that doesn't give you any financial gain nor reward. The most common example would be the credit card (although there are ways to make this good debt as well.)

Is theory, debt is bad and people should stay away from it. In reality, that's just simply not possible in all instances. Life does not work best in extremes. To say that everything in life should be bought in cash is not condusive to real life as we know it in America. To live even at a middle class level this way is next to impossible, assuming you're not already rich or well off.

Financing any material item IS DEBT, a car is considered bad debt because it depreciates often times faster than the typical person can pay if off. Interest is merely recoupement for the convenience of being able to pay off something over the long term. It's not bad in and of itself as long as you take into consideration your entire financial structure and make plans to pay off the loan as quickly as possible. Everyone's story is different, everyone's place in life is different. There is no one way to do things, and the only stupid statements I see here are the ones that seem to think otherwise.

Now...as far as the original thread poster guy person:

Look around, or grow some ***** and man up to the dealerships. They only rape you if you let them. If they refuse when it's all said and done, no big deal. These cars are everywhere--you may be better off buying a nice pre-owned one too. Check autotrader or the likes. Good luck.

 

This is a stupid post. Do not listen to this advice. I definitely financed every car I've bought and had no problems financially. Like others have said, the Evo does not depreciate that fast.

If you never financed a car, a lot of us would be driving around a 1992 Town Car.

 

Do you realize that most of the cars that you purchased for $4000.00 was at one point financed? Do you also realize that most people buy newer cars because they want something reliable and under warranty? That is the primary reason why we have a new car market. You are stating that everyone should just buy a used vehicle for a whopping $4000 without regard to the benefit of a new vehicle. The risk of buying a $4000 vehicle that may break down is greater than the risk of buying a new car and making monthly payments to most people. Why? While a person might pay $250/mos for a new car a $4000 car may break down one day and cost that person $1000 which may not be readily available to them.

What I was explaining was that debt has a way to make things affordable. I am in no way an advocate of getting people in debt but the reality is that this country is able to function as it is because of lending. Companies are able to grow through financing. Without financing, most people would not be able to pay for cars. Without that purchasing power, car manufacturers will not be able to sell. Without being able to sell, cars will not be produced. Without all that, car manufacturers will not be able to afford to stay in business nor be able to afford to spend money in developing new car technologies. Meaning no Evo X, XI, XII. As I stated before, what it will cause is a major reduction in our economy.

The difference here is not that I am being overly dramatic. It is that I am thinking in macro economics while you are thinking in your own little pocket. I'm not saying you're incorrect in your arguments but understand that I am stating a fact of life. If you don't realize that majority of the people in this country is financing their vehicles while still able to maintain a solid financial life then that's your own narrow mindedness.

Once again, it may sound ludicrous to you but it doesn't mean that's not how the world is operating. Let me put something in perspective for you. Countries with no financial and lending capabilities generally occurs in third world countries. Why is that?

 

Mitsubishi actually offered me a very competitive apr @ 4% for 48months. My local credit unions were only offering around 3.95%.

 

could of just gotten a loan through a credit union

 

Put the crack pipe down next time before you hit up the forums

Your justification for financing a car is less coherent than Anna Nicole Smith in most of her home videos!

The 3rd World countries comment at the end??? CLASSIC!