yeah, I'm sure I'll be fine. The only bad part is I'll have to live at home for a bit longer, ouch .

 

7 year note, living at parents' home, yeah, I think you need to reevaluate your priorities.

 

IMO that's way too high for a car.
Both our car payments combined are 14% of our net income, and I think THAT is too high.

Hold your horses. If you finish school in a year and a half, you can wait a little longer. Get out, get settled in your job, then run your finances on it them.

Patience.

Going out and buying what you want RIGHT NOW is what's wrong with the economy in the world today.

 

lol, I'd only be living there for a bit longer til I'm working full-time. Even if I don't get the car this year I'll still be living there (don't want to be flushing money down the toilet by renting a apartment, which in my city is almost $1k a month, far more than my car payments would be).

 

yes get it but make sure you get it from someone on this forum who is selling their X because they can no longer make the payments.

 

im happy this thread was made ...... my girl is goin back and forth on which one to get (RA or X) ill tell her to read this thread and this should help.....

thanks forum!

 

hey, if they lived near me and I could get the ridiculous interest rate that mitsubishi is offering then I would have no problem helping them out. But I don't see that happening.

 

Get an AWD DSM. Then once you get your degree buy your EVO. You'll thank me for it. You'll learn first hand about air and fuel and how they come into play in a turbo system. You'll be better off than exHonduh owners who jump into an EVO and kill the engine cause they have no idea about A/F, knock, and a proper upgrade path on a turbocharged car. Plus, it's the original 4G63.

 

umm, I already have a degree in mechanical engineering, I'm in school getting a second degree (will help stand out from others, plus mechanical engineering turned out not to be the field for me). But anyways, I kinda know a little bit about engines (again, B.Eng helped with that a bit, plus I've been a grease monkey since I was a teen). I guess I should probably have mentioned, but I'm in my mid twenties.

 

a car is just a transportation. If you can't afford now, you can probably afford it later when you have some savings. Don't screw yourself up in this economy and get yourself in huge debt for 7 years.. that is just not the correct way to make a living. If i were you, i would get a 15000 dollar car for commute and finish school. After a few months of working and trade in the beater car for something you like, maybe you will be able to afford something bigger and more expensive. i think paying for a car for 5 years is already a crazy idea.. 7 years... god.. good luck man.

 

this reminds me of the BMW forums....


off topic****

remember a few years back when there was this kid who 'got' the top of the line beemer and ended up crashing killing himself?

 

Well, you have the degree, but is it making you any money right now to easily afford a brand new EVO? So where's the value in that? I have a B.A. in Business Mgt. and 3 classes till my MBA, but no extra money cause I'm in the military ...

...Anyways, back on topic. Get something like an awd 97-99 DSM, or running 90-91 awd DSM. Dirve it, it won't break the bank, and learn. I'm sure you know about engines, but air fuel ratios and all that other stuff is another beast. I'm just giving some advice on a cheaper, fun way to go until you get your "second" degree, and go out there and make that big money. Then you can easily go get that new EVO. Cause trust me, when you get it, you are gonna want to mod it almost immediately. Then you can use the DSM for the 1/4 mile and the EVO for the track.

 

Reading through the replies I see that people who normally would say go for it, join our ranks, are advising caution. That's experience and common sense being offered to you so let that temper your emotions in making a final decision. Instant gratification is great, but there's something to be said for wanting, planning, having a goal and finally achieving it.

 

hmm, maybe, I've also got another option, which is to get a RA for 15k cheaper (plus 1.8% for 5 years), have lower monthly payments (not by a huge amount, but a more comfortable one) and trade it in in a couple years for an evo. My only concern is the car depreciates too fast and I'm left with very little on the trade in (don't know how well the RA will keep it's value).

 

Should you get the Evo X? In short, no.

I don't want to sound like a parent, but...

1. You're young you should be focused on school.

2. You sound like you can just barely afford it. As other people have mentioned, the upkeep costs of this vehicle are more than any other regular vehicle, so you can't just nudge by every month having just enough money to cover car payments. More frequent trips to the gas station, buying premium, needing to more frequently change the various oils, needing to buy a dedicated set of winter tires/wheels if you live up north, immense insurance premium, etc...

3. Speaking of just having enough to nudge by, you never want to put yourself in a situation like that, in case something comes up and you need some extra money.

4. Do you really want to be still living in your parents' house for another 4 years? I think the hits you'll take on your ego is, in the long run, not going to be worth the fact that you're driving an Evo.

Sorry for being harsh....