What Deal on your EVO did you get?
Well I had a Scion TC with TRD Exhaust and some other interior Ammenties CF Dash, Shift K, Pedals Etc. I later found out I was being jacked on my payments cause I didn't know I was financed with Compound Interest.
So...
Scion financed: 22600 about Feb 2005 with Gap, Vehicle Insurance, Theft Protection
Cancelled Theft and Extended Insurance and got back roughly 2200 back on my principal owned
Paid 3400 in payments. So I calculated I owed about 17000.
turns out I owed 18500!!! and I had acquired 1000+ in excess interest for that short 6 month period. I said F*** that time to get a new car. The EVO was inline to be my next car but I just fast forwarded my decision.
Dealer: Fountain Automall:
Traded the Scion owing 18500 roughly
Black EVO, with SSL, extended 10 YR 100000 Warranty (1300), Gap (got it for $250), Theft (300) 37000. 5000 Down.
Financed at 72months 2.9% APR $560 Dollar payment. SIMPLE INTEREST LOAN!!!
Didnt want 60 months at 0% APR cause the payment was too much.
But I plan to cancel the extended warranty and save the 1200 and just enjoy my EVO.
Fountain wasn't too bad imho.
So...
Scion financed: 22600 about Feb 2005 with Gap, Vehicle Insurance, Theft Protection
Cancelled Theft and Extended Insurance and got back roughly 2200 back on my principal owned
Paid 3400 in payments. So I calculated I owed about 17000.
turns out I owed 18500!!! and I had acquired 1000+ in excess interest for that short 6 month period. I said F*** that time to get a new car. The EVO was inline to be my next car but I just fast forwarded my decision.
Dealer: Fountain Automall:
Traded the Scion owing 18500 roughly
Black EVO, with SSL, extended 10 YR 100000 Warranty (1300), Gap (got it for $250), Theft (300) 37000. 5000 Down.
Financed at 72months 2.9% APR $560 Dollar payment. SIMPLE INTEREST LOAN!!!
Didnt want 60 months at 0% APR cause the payment was too much.
But I plan to cancel the extended warranty and save the 1200 and just enjoy my EVO.
Fountain wasn't too bad imho.
Last edited by Ph3n1x; Oct 9, 2005 at 06:34 AM.
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Originally Posted by mo168
Got 03 new for $24,000 + tax
Originally Posted by Monkey
yeah, 05s come with a 10yr warrenty automatically. You got screwed on the extended warrenty.
Sorry for the misinformation, i bought the extended on bumper to bumper, i know the powertrain is 10 year
Originally Posted by fsugatorbait
No offense but you spent $41k for a $32k car.
If you read the post correctly you would have seen I had almost 5 K in negative equity. Secondly if i you knew what compound interest was you would understand my position. Thirdly, If I decided to keep the scion each additional month I would accumlate an addtional 1000 or on my balance. I didn;t want to refinance either, when i knew i was looking for an evo soon too.



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