What would you guys deem as eligible for the special offers for the 08 GSR?

I currently have a FICO score in the low 700's and make around $2000 a month. I live at home, therefore only having a cell phone bill and car note. My parents pay for my insurance. I'm also a full time student. $9000 down payment.

Do you think I'd qualify for the 0% finance offer? Do you think I'd even qualify for a loan without a cosigner?

Thanks.

 

0%? On a GSR Evo?

And you'd likely qualify.

 

Yeah, someone on Evoxforums made a thread that says that Mitsubishi just announced 0% Financing for the 08' GSR during October.

 

Yea I just called a dealership and they stated it is now 0% for 60mths on the '08 GSR [maybe the MR as well but I did not ask them to specify]. Unfortunately, with the current credit crisis I doubt if anyone but the very BEST credit worthy [i.e: 750+ FICO, Superior Income/Debt Ratio] will be able to get financed for it. And at the same time, I don't think it even is a good idea to buy a 35k+ car with so much uncertainty in our economy at the moment. People are losing their jobs, their homes and banks/businesses are falling apart in droves. Hell when the largest savings and loan bank in the friggin country [WaMu] goes under, I think it is probably time for every consumer to get their ducks in a row and curb discretionary spending to the absolute minimum.

 

Stop with your sound reasoning... you're spoiling my plans.

 

NO MR... only GSR. I called Fresno Mitsu this morning and they confirmed it.

 

not a bad piece of advice...

 

In addition...........the depreciation on these Evo's is another thing to think about! Also, insurance on this car for a early 20 something male got to be high! Also, tires, maintenance etc. All your money will be going into this car. My advice ...... is hold off until you can TRULY afford this type of car. Take $4K and invest it in a ROTH IRA, the other $5K of your "down payment" place in the bank for now (remember........FDIC up to $100K) and then in a year or so........if you still HAVE to have this car........... you can buy a used one for thousands $$$ less!

 

This make sense. And as far for your question. I have a credit score of mid 700
s to high 700 and are around the same age. I make 2600 a month and live at home with no bills. I didnt qualify!!! I was so dissapointed. I went to south coast mitsu. Every bank was saying insufficient credit history.

 

I got a credit score in the mid 700's and have a credit history of 4 years... make 3200 a month... hopefully I do qualify.

 

I'd say hold off until you're through with school. Gas is expensive as is insurance.

 

So South Coast approved you, or did you get someone to cosign?

And did you have a down payment?

 

no I didn't qualify. I don't have anyone to co-sign either. they said because the economy is bad rite now, banks are picky on who they finance.

 

Ohhh that's a huge bummer. Well I'll try my luck next month. Hopefully it works out for you in the near future.

 

Interesting. It'll probably be pretty tight for awhile. I'm not going to try to get any credit for a long time. Must save cash.