EVO 10 GSR AND MR OPTIONS FOR THE US... not a question, info inside...
Evolved Member
Joined: Sep 2002
Posts: 942
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From: Minneapolis
keeping $10k in a savings account is silly as hell, use your money to make more money, don't let the bank pay you prime -x for savings/checking... liquidity is wonderful, but you are much better off having a $10k credit card that you can use in case of emergency then use your money market/stocks/bonds/whatever to pay that off.
keeping $10k in a savings account is silly as hell, use your money to make more money, don't let the bank pay you prime -x for savings/checking... liquidity is wonderful, but you are much better off having a $10k credit card that you can use in case of emergency then use your money market/stocks/bonds/whatever to pay that off.
-M
WOW! 9 pages based on pure speculation! This is too easy!
Ok....I heard Mitsubishi will release an RS version X sometime in August '08, priced around $29K and avail. only in Mary K pink.
Let's keep the BS going!!!!
Ok....I heard Mitsubishi will release an RS version X sometime in August '08, priced around $29K and avail. only in Mary K pink.
Let's keep the BS going!!!!
technology costs money. It takes a lot more money to build each car due to the components and advanced manufacturing processes.
With the median household incomes i would take the numbers and divide them by two to get an idea of the prospective salaries of buyers. I actually don't think a person who makes $45K could afford a $35K car comfortably unless the spouse is driving a lot cheaper vehicle.
With the median household incomes i would take the numbers and divide them by two to get an idea of the prospective salaries of buyers. I actually don't think a person who makes $45K could afford a $35K car comfortably unless the spouse is driving a lot cheaper vehicle.
Evolved Member
Joined: Oct 2007
Posts: 618
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From: Michigan
Newbie
Joined: May 2007
Posts: 64
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From: LI-New York
this is a funny thread. it seems most of the people on this forum are americans.. well I'm not, I live in London uk.. do you guys know how much evos 6,7,8,9's have sold for when new ??? it might make you feel better to know that we pay around £30,000... now thats 30,000 pounds sterling.. roughly $60,000!!! and you guys are all upset that you will pay a little more for the x... lol. man you guys should relax. you guys are getting a good deal compared to us... we do get the FQ's over here, but still that doesn't justify the price difference... I hear in uk all model's are getting the BBS rims, uprated brakes, Bilstein suspension setup, HID headligthts, and maybe leather.... rumour has it we are getting 3 different FQ's variants: 300bhp, 330bhp and 360bhp..... anyhow I don't know of many cars that will provide the same performance, handling etc for the money as an evo.... an evo can stay with lambo's and ferrari's around a track, and they cost like 3 or 4 times as much!!
youre saying you pay 30000 pounds which is 60k here, but what you forgot to mention is that your salaries there are in line with youre prices
Done make it look like youre buying a 30000 pound evo with the equivalent of
an American salary
Last edited by next_evox; Oct 16, 2007 at 05:15 PM.
An emergency can easily cost MORE than the small sum per month that you put into it. An emergency fund is for a large sum of money that you couldn't possibly pay for it with your current income minus your bills.
Suppose I have $10k in savings and dumped $8k into a car note. That leaves me with $2k at the present time. So say I get laid off and my unemployment check isn't enough to cover my bills for the month. Guess what? I'm screwed because I would've had $10k to pinch off of. Now I only have $2k to pinch before I'm in desperate need of another job. Keeping your cash FTW!
I never pay the minimum on a car note anyway. It's better to give over the amount and still have some money to save on top of the large emergency fund. That way you cover all areas and you save on interest over the long haul.
-M
Suppose I have $10k in savings and dumped $8k into a car note. That leaves me with $2k at the present time. So say I get laid off and my unemployment check isn't enough to cover my bills for the month. Guess what? I'm screwed because I would've had $10k to pinch off of. Now I only have $2k to pinch before I'm in desperate need of another job. Keeping your cash FTW!
I never pay the minimum on a car note anyway. It's better to give over the amount and still have some money to save on top of the large emergency fund. That way you cover all areas and you save on interest over the long haul.
-M
I'm not getting your math.... the interset on my car loan is 3.9% (my Evo was 4.9% in 2003) and last year I earned an average of 15.2% on my investments. I didn't do well in linear algebra, but I'm pretty sure 15.2% is more then 3.9%.
keeping $10k in a savings account is silly as hell, use your money to make more money, don't let the bank pay you prime -x for savings/checking... liquidity is wonderful, but you are much better off having a $10k credit card that you can use in case of emergency then use your money market/stocks/bonds/whatever to pay that off.
keeping $10k in a savings account is silly as hell, use your money to make more money, don't let the bank pay you prime -x for savings/checking... liquidity is wonderful, but you are much better off having a $10k credit card that you can use in case of emergency then use your money market/stocks/bonds/whatever to pay that off.
Newbie
Joined: Oct 2007
Posts: 2
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From: NJ
Umm that's pretty much what my boss does and he came to the US 15 years ago with nothing and now he's playing with at least a couple million.
calculating risk is often overlooked.
dave ramsey (a financial guy on the radio uses this example) always asks callers who ask the question "should i take the 100k i have in the bank and invest it or put it towards my house?"
so then, dave ramsey asks "would you take 100k in equity out of your house in order to invest it?"
same thing basically...and to answer a previous post. you shouldn't be spending x amount of dollars on an evo or any other car if you don't have adequate money in an emergency fund.
Median household income in the US was $48k in 2006. In the UK it was about GBP25k. US and UK are pretty close. Therefore, cars in the UK are damn expensive relative to household income.
Newbie
Joined: Oct 2005
Posts: 16
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From: Fresno CA
The keyword is "household" income. They are looking at the people who are married with a mortgage, probably another car payment... a couple kids and all the bills to go along with that. If they were looking at single guys in their early 20's who can eat taco-bell every night then yeah.... 35, 40k will do. My little family falls into that 90k bracket and I must say that any car over 30k is a stretch for me.
