I just test drove a 2008 EVO MR. The dealer offered me the 0% apr deal the GSR's have been getting. It actually was the sales manager that offered it to me. Not sure if I should pull the trigger or if he was bs ing me.

36,700 MR
Without tags or tax
0% apr.
10,000 trade in
$490 a month.
Seems a little much but maybe I am delusional.

 

sounds like a good deal for an MR

 

id go with a GSR

 

Get it in writing!

 

You're only getting 10gs for the MS3? Do still owe on it? Personally, I'd try to sell the MS3 for as much money as I can and then proceed to look for a deal.

 

what was the term on the loan? i've been waiting for 0%/60mo on an MR. Til that happens, im happy sitting on my paid off 04 ralliart and banking that extra cash.

 

Im getting 18,000. for the GSR and I owe 8 on it. Not bad for the MS3,
not amazing but not bad. Im not entirely sure if I could sell it outright now for 20 especially with the economy the way it is.

 

Also waiting for 0% on the MR. If this is true I will be buying very soon.

Interestingly on Mitsu's website this morning the 'special offers' were advertised as....

2008 Lancer Evolution GSR Lease - $398 for 24mo
2008 Lancer Evolution - 0% for 60mo
2008 Lancer Evolution MR - 2.9% for 48mo

This afternoon that changed to....

2008 Lancer Evolution GSR Lease - $398 for 24mo
2008 Lancer Evolution GSR - 0% for 60mo
2008 Lancer Evolution MR - 2.9% for 48mo

I wonder if there was some confusion about the 0% applying to all evo's.

 

That was the exact term on the loan. 0% 60 month. I was surprised, he has been telling me about it over the phone. I expected to go in and have him say no thats only for the GSR. I was pleasantly surprised.. I should have gone for it, but I didnt want to impulse buy.

 

Not sure.. I even questioned him multiple times about it. The sales manager assured me he was correct. Also the salesman I was working with told me " my manager checked on it for you and it does have the 0%". I was only looking at MR's and only test drove an MR so there is no confusion there.

 

Im waiting for 0% apr on MR as well!

 

I just talked to the dealer I've been trying to deal with. He told me he could do 0% for 48 or 60 months but there is a catch. To do it he needs to 'buy down' the interest rate from mitsu. So he would have to add that cost into the price of the car (amount depends on how much is financed and for how long).

That kinda makes sense because the sale price I negotiated was a little lower than yours.

 

lol thats a load bull I'd play hardball and make him go 0% no strings or no deal.

Mitsubishi doesn't actually finance the loan very long, so they don't really care. Center One Financial takes over the loans after a few months. IIRC, they use Center One for outsourced collections and pay them a small premium for that service. They usually offset that premium (and then some) with the interest rate, so all 0% interest means is they pay the refinancing fee out of pocket. Big deal =/

Also, the interest rate on loans brokered through mitsu is fully factored into the monthly payment over the max term of the loan. So if you get a 60month loan and pay it in 30months, you still pay 60months worth of interest. I learned this the hard way.

If it doesn't drop your monthly payment, it doesn't matter how it gets written up.

 

Ok you all this was a blatant lie. I went to finalize and it was all bs. They refuse to honor what their own sales manager told me.

 

sorry to hear that, many of us were looking forward to finally getting one when we could get 0% apr.

good luck if you continue looking for one