A new EVO X MR for $31,600 + tax, title, license, gap, etc... Sounds amazing to me. Anyone want to confirm or deny that?

In particular, I'd like to hear from anyone in sales that really knows what that price means, or from anyone who got their X MR for less.

Answer via the Poll please.

Here's the financing breakdown. The $34k price shown included an Extended Warranty and GAP (feel free to withhold your opinions on these options. I ALWAYS buy them and never regret it *grin*): http://www.sabbaracing.com/BROWSE/te...anceBasics.pdf

 

There is no poll but I'll say that its a good deal. No miles on it right?

 

sounds awful cheap to me. If it's true then it's a great deal.

 

You guys are just fast. The poll is up now. No bull, they've already found the bank and are just looking for me to commit. Already got my downpayment locked in so I just want to do a final check here before I hand them a dime. I've never heard of a dealer working much with an EVO, but I've purchased 4 vehicles from them so far, to include an EVO IX MR (which I traded in 2 years later with them and got $27k for.)

 

Poll is up now. Voted.

 

voted as well. the best I could do on my IX SE was $33k OTD and nobody could match that locally.

 

I'm calling bullsh*t on this. Either the OP is full of it, or it's not an MR.

 

"OP" ?

See the link I added to my original post for the basic numbers.

 

Whoa are you going to be upside down?

What car are you trading in that you're getting 19k for but owe 34k on?

-E

 

I'm interested to find out as well. What happened here?

 

Yah, I don't like to keep my cars long enough or put enough down so I've been upside-down for the last 6

I'm trading in an '08 WRX I've had for just under a year and I still have quite a bit of negative equity from my '06 IX MR I bought 3 years ago.

Because of the monthly payments, the fact that I just got married this year, and because I've got a budget setup for the next 3 years to get my CCs paid down, I'll have to keep this one at least 3 years. Hope Mitsu doesn't tease me too much with something new (unless business explodes and I can get out from under this one sooner).

Here's more info just since you're curious:

2001 - Used VW Jetta GL
2003 - Traded for New Lancer ES, 0 down, ~2k upside down
2005 - Traded for New Lancer ES, 0 down, more negative equity
2006 - Traded for EVO IX MR, 5k down, MORE negative equity
2007 - Traded for Mitsu Raider to get out of the MR while the getting was good (preparing for the X)
2007 - Traded for WRX because the Raider was boring me to death and I was thinking that I wouldn't go for the X (but I would save 10k), $3.6k down
new - Trading for the X MR because I miss owning an EVO (or something as capable) and this deal looks too good to pass up

 

Yikes!!! And I felt bad about buying my IX with no money down. Atleast I'm paying extra on the monthly payments to make up for it. I never knew a dealership or bank for that matter would let anyone go that far upside down on equity. How do you even get approved?

 

See the buying history in my last post, consider my FICO score, and the fact that my wife and I bring in a slightly more than modest income, and with a decent downpayment this begins to be a viable deal. What really makes this work is the fact that I would be paying $31k for a car that the bank is willing to see as being worth something more like $38k. This means that $7k of my negative equity is invisible to the bank (finance guys are like magicians who use misdirection).

 

Well if that's what'll make you happy then go for it. I think you should keep this one though.....haha

 

$900 for 72 months? I think you should just keep what you have before the hole gets any deeper.