What year Evo are you buying or looking to buy and how much are the payments going to be?

 

Probably like an 03 and im not really sure how much the payments will be.

 

I would go 05 and up....

I went with no money down and pulled a car loan for 23k which paid for the car, tax, and licensing fees. with 5% apr Im paying 430 a month. I'm sure if your parents co sign for you on a loan you should be able to get a good interest rate.

 

ive seen interest rates as high as 12 percent which is outrageous..................

 

I wish I paid that little, I have an '06 MR and pay $671 a month

 

310x4=1240/month. I dunno what you paid but I'd say its affordable based on that. If he's not payin rent what else is there to spend the money on?

 

I guess if you have no plans to move out or save money, it's fine. His payment would be ~500 a month, and I bet his insurance would be ~2-300 a month. Gas is at least another 100.

I guess if you don't mind spending 75% of your monthly income on a car, then do it.

 

Well I can only base this off my own experience owning an evo, which is 460/month plus insurance which is about 140 a month so thats only 600/month. I'd go for it (if you like cars as much as I do )

 

lol I'm 18 and a senior in high school and i brought a brand new evo ix when i got my license. I only make $250 a week (while in school). I work my *** off 30 hours a week so my mom pays my insurance until im out of high school. but you gotta do what you gotta do bro, car is badass

 

Remember if you bought a Used Evo, the warranty is not transferred. To maintain a Evo properly would probably cost $58-88 per month. Thats about $3500-5280 for 5 years.

 

? I bought my evo used and definitely got my warranty.

 

what do u mean? i bought mine with 1000 miles on it all stock... which warrenties don't transfer?

and hey bro if u really love the car and don't mind living pay check to paycheck go for it. i love my car. puts a smile on my face everytime i get in it . im only 19 and im doing fine.
i got a ****ing ****ty *** 10.9% ... 630 a month on an '06 SE

 

ha you think 10.9% is bad try freaking 13% interest. I'm trying to get it refinanced here in the next month to get the interest lower.

 

With your income and the 03's being the most problematic of the Evos (also the fact that they will be the highest mileage and most likely beaten,) you should look for something else. Always better to have a newer ****tier car than a nicer older car.

 

Um I bought a used evo and south coast mitsu and HB mitsu honored my warranty..

And go with an 05 and up...stay away from 03-04