Strange, no? :D


Anywho, here's my question...

I've never owned a new or recent car in my life, i've always stuck with the old school charm of 80's sportscars.... I'd normally wouldn't even consider getting a new car because of all the shit that goes along with it, but for once, something may have changed my mind....

The Mitsubishi Lancer Evolution MR edition....

I don't know what it is about that car, but damn does it do it for me... :drooling:

Estimated price is about $38,000 when I check Mitsu's website, and I know that doesn't include all the other little things that entail "sealing the deal"....

Given that I make 30k a year without taxes, would it be wise to even be considering a car like this currently? I have no other huge financial obligations other then the usual costs of living.... Insurance, rent, etc. etc.

Also, what exactly goes on when you're trying to buy a new car? lol, what's the play by play as to how I would go haggling a price, agreeing on a method of financing, yadda yadda....

Basically, explain all the ends and outs of it to me like you would an absolute rookie and give me your personal advice...

No worries, I learn fast... :D

Nnnnoooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!

Dude you should not buy this car. For one you don't make enough money two if you have to borrow money do it for something that goes up in value not down.

And if you must have a newer car get one two or three years old. Let someone else take the hit. I have never owned a credit card I have never borrowed money for a car. I only have one payment and that is my house.

lol, nah i'm not going to buy it....

I'm just putting down a question i've always wanted answered while having the perspective of a fresh grad/new military guy who wants to celebrate by getting something nice... :D

30K 4 a 270-300HP'sh car? Dont do it ...You are going to be stuck w/car payment/expensive ass insuranse.....blah,blah,blah!
save some money and buy a newer used car! or do a Skyline swap in your 240 :firedevil

lol, nah i'm not going to buy it....

I'm just putting down a question i've always wanted answered while having the perspective of a fresh grad/new military guy who wants to celebrate by getting something nice... :D

Go get a damn candy bar or something don't head down a path of self destruction.

CREDIT BAD CASH GOOD

SPINNERS BAD FACTORY RIMS GOOD

Wow, that bad of a move, eh?

I feel sorry for just about every undergrad kid scooting around in a fresh car.... :rofl:

If you really want one, check for something used. You can usually get at least 20% off the MSRP when you buy it used.

Wow, that bad of a move, eh?

I feel sorry for just about every undergrad kid scooting around in a fresh car.... :rofl:

Hey if Mommy and Daddy want to buy you a car take it. If you're paying the bill leave it. You need to be saving for a down payment on a house.

get a moped

Hey if Mommy and Daddy want to buy you a car take it. If you're paying the bill leave it. You need to be saving for a down payment on a house.

Nope, been flying solo for some time now... I don't require Auto-pilot payments for me... :D

However, I was really serious about the question regarding the ins and outs to buying a new car.... Anyone experienced enough to answer for me?

Bpbpbpbppbbpbpbpbpbpbbpbpbpbpbpb Vroom Vroom

Do you have good credit? How long have you worked at your current job?

get a moped


Or a girls 10 speed?^

Or a girls 10 speed?^


Yeah that bar in the middle sucks!

Don't do it.

As a general rule of thumb, if a car costs more than half your yearly salary, it's not a good idea to buy.

Generally a car like that won't leave room for price haggling. It's a special edition, and all of the ricers with rich mommy and daddy's will be buying them. I tried to negotiate the price on an '05 GT Stang just for giggles, and there was no room to budge. If the car is a hot seller and the dealer knows it, they aren't dropping the price for you.

You can generally assume that any car being sold is being sold for at least 4-5k more than the dealer paid for it. All of that bullshit they feed you about "our prices are below invoice!" is an absolute lie. No dealer sells shit for less than invoice, it makes no sense. How would anyone make money selling something for less than they originally paid for it?

I personally like new cars and motorcycles because I want to be the first to drive them, break them in, and avoid problems. However, you do take the depreciation hit which is an absolute bitch. As soon as you roll off of the lot with that new car and the title is signed to you, the value drops about 5-7k. Vehicles are bad investments.

Basically, it's a bad idea to buy something that costs more than your yearly salary, unless it's a house. Shit, your car payment would likely be in excess of $450 a month, assuming you even got financed for it. Not to mention insurance. Probably not gonna happen...

Um, yeah... that would be a retarded idea. As already stated, buying new cars are a terrible investment. To spend more than your annual salary on a car is just plain insane :ret:

Good input, keep it rolling... :D

You're a dumbfuck?











You stay classy, San Diego. I'm Ron Burgendy?

I don't know how to say this, but I'm kind of a big deal? People know me?

Don't act like you're not impressed...!

:rofl:

LMAO.... ahh well, guess I better head to howstuffworks.com to get the rest of the info I require... :D

This thread's done....


And btw, so people can stop IMing me and what not going "OMGWTFBBQ, don't buy it j00 f00l!!!one" can rest easy... It was a hypothetical question... :rofl:

Someday I do want to buy a more modern car, but today nor 5 years from now will be the day that I do, especially from a dealership

I've never owned a new car. The most I've ever spent on a car was for my FD ($17,200). That was the biggest loan, too, at $12,000.

Once I get promoted again in about six months, I'll have a company car, so I don't see me buying another car for a long time, unless it's something just for fun. I'll be selling my Legacy as soon as I get the company ride!

I don't know anything about the loan process, either....

Wonder if you guys can at least tell me how that works... :rofl:

Do you have ANY credit history? Credit cards, rent, etc?

Without that, you'll most likely need a co-signer on the loan, and your interest rate is likely to be higher. You may also not get a longer term loan if that's what you're looking for (hypothetically).

Here is a good saying. * If you have to ask how much it is you can't afford it *

Yeah, but i'm not exactly sure what my rating is just yet.... *shrugs*

Just looking for general info on the matter... :D

Under a new federal law, everyone is entitles to one free credit check per year from the three major credit companies. Do a search on Google and I'm sure you'll find plenty of information.

That's one good thing about credit cards; if you're responsible and pay them off monthly, it shows you are responsible and can make scheduled payments. Creditors like that.

I don't get what kind of info you're looking for.

This is what typically happens when you go in to purchase a new vehicle:

You'll walk on the lot.

A typical douchebag salesman will walk out and talk about how great the car is, despite the fact that they usually don't know dick about it.

You will say that you want that one, or want one ordered from another dealer or something.

The salesman will go in and see if he can get you financed. Most dealers will expressly use their manufacturers finance company. GM, Honda, Ford, all have their own credit branches that finance the vehicle through companies like GE Capital, or directly from themselves.

They will ask you how much you make a year, if you're married, if you rent or own your home, and run a credit report on you to determine the maxiumum amount that you can get financed for. Last time I did this I ranked Tier 1, lord knows where I'm at now with the things I have financed.

If you're approved, then you can decide to go ahead with the deal. You'll possibly argue over a monthly payment and terms of the deal, sign some papers, take the keys and peace out. Most dealerships are full service nowadays and they will register and insure your car right then and there. You might have to a wait a day or two before leaving the lot with it, but often you'll take it home with you.

Honestly it's no big deal at all, which is scary. Why do you think so many people drive new Benz's and live in trailers? Car dealers are scumbags, they will finance anyone they can knowing full well the shit debt that they are putting them into, and then basically leave them for dead.

*nods* That's just what I was looking for... Gracias :D

Remember Melissa? She's interested in a Tacoma truck... She asked me what "PreRunner" that's written on the back of them meant.

I said, It must be some kinda options package. I dunno. Let's go find out.

So we pull into Lustine Toyota in Hoodbridge and are greeted by a salesman.

So I say yes, I'm interested in a truck. Can you tell me about the options. Eventually, I signed some paperwork authorizing a credit check and such... Being really interested in the vehicle. (Yeah right. :rolleyes: ) Found out my credit score right then and there. They totally ignored Melissa who was genuinely interested in the truck and talked me into test driving half their lot looking for a Manual (Because I REFUSE to own anything with two pedals... The last thing I owned with two pedals was made by Huffy.)

The found one manual, a one year old "certified" used model with over 50K miles on it, and they wanted more than the cost of a new one for it...

I told them to fuck themselves and they still called me for the following two weeks.

Case in point, Go attempt to buy a car. They give you a free credit check right there. If it's good, they give you a rim job. If it's bad, they kick you out.

As a side note, I wouldn't buy a new car or even a modern car. I don't dig all this computer controlled bullshit. OBD2 kinda ticks me off.

I had a pretty good dealer experience when I picked up my new Mazda 3 last month. The finance manager there tried a few different banks other than mazda, and got me financed through JP Morgan / Chase bank. Basically what I'm trying to say is that all dealers are different. This one happened to be one of the good ones.

Remember Melissa? She's interested in a Tacoma truck... She asked me what "PreRunner" that's written on the back of them meant.

I said, It must be some kinda options package. I dunno. Let's go find out.

So we pull into Lustine Toyota in Hoodbridge and are greeted by a salesman.

So I say yes, I'm interested in a truck. Can you tell me about the options. Eventually, I signed some paperwork authorizing a credit check and such... Being really interested in the vehicle. (Yeah right. :rolleyes: ) Found out my credit score right then and there. They totally ignored Melissa who was genuinely interested in the truck and talked me into test driving half their lot looking for a Manual (Because I REFUSE to own anything with two pedals... The last thing I owned with two pedals was made by Huffy.)

The found one manual, a one year old "certified" used model with over 50K miles on it, and they wanted more than the cost of a new one for it...

I told them to fuck themselves and they still called me for the following two weeks.

Case in point, Go attempt to buy a car. They give you a free credit check right there. If it's good, they give you a rim job. If it's bad, they kick you out.

As a side note, I wouldn't buy a new car or even a modern car. I don't dig all this computer controlled bullshit. OBD2 kinda ticks me off.



PreRunner means that it's 2WD.

Strange, no? :D


Anywho, here's my question...

I've never owned a new or recent car in my life, i've always stuck with the old school charm of 80's sportscars.... I'd normally wouldn't even consider getting a new car because of all the shit that goes along with it, but for once, something may have changed my mind....

The Mitsubishi Lancer Evolution MR edition....

I don't know what it is about that car, but damn does it do it for me... :drooling:

Estimated price is about $38,000 when I check Mitsu's website, and I know that doesn't include all the other little things that entail "sealing the deal"....

Given that I make 30k a year without taxes, would it be wise to even be considering a car like this currently? I have no other huge financial obligations other then the usual costs of living.... Insurance, rent, etc. etc.

Also, what exactly goes on when you're trying to buy a new car? lol, what's the play by play as to how I would go haggling a price, agreeing on a method of financing, yadda yadda....

Basically, explain all the ends and outs of it to me like you would an absolute rookie and give me your personal advice...

No worries, I learn fast... :D

Your car payment would be around $800-$900 a month. :D

Remember Melissa? She's interested in a Tacoma truck... She asked me what "PreRunner" that's written on the back of them meant.

I said, It must be some kinda options package. I dunno. Let's go find out.

So we pull into Lustine Toyota in Hoodbridge and are greeted by a salesman.

So I say yes, I'm interested in a truck. Can you tell me about the options. Eventually, I signed some paperwork authorizing a credit check and such... Being really interested in the vehicle. (Yeah right. :rolleyes: ) Found out my credit score right then and there. They totally ignored Melissa who was genuinely interested in the truck and talked me into test driving half their lot looking for a Manual (Because I REFUSE to own anything with two pedals... The last thing I owned with two pedals was made by Huffy.)

The found one manual, a one year old "certified" used model with over 50K miles on it, and they wanted more than the cost of a new one for it...

I told them to fuck themselves and they still called me for the following two weeks.

Case in point, Go attempt to buy a car. They give you a free credit check right there. If it's good, they give you a rim job. If it's bad, they kick you out.

As a side note, I wouldn't buy a new car or even a modern car. I don't dig all this computer controlled bullshit. OBD2 kinda ticks me off.

Your first mistake was letting them check your credit. NEVER let ANYONE check your credit unless it is your intention to buy. Why? Simple: Every time someone checks your credit, it leaves an inquiry on your credit report. Other banks will see those inquiries and assume you applied for a loan and got denied. It actually LOWERS your credit score.

Every time I go to a dealership and ask to test drive a car, they always say, "Well, we need to run a credit check." I say, "No thanks, I don't want extra inquiries. I'll take my business elsewhere." That's when they say, "Oh, well in that case, I guess we can make an exception this one time."

You don't have to follow any of their b.s. rules when you are car shopping. Won't look for a manual transmission for me without a credit check? Guess what? There's a dealer down the street who will. Want me to buy it after a 4 minute test drive? I think not. You will either lend it to me for the weekend, or the dealer down the street will.

Dealerships suck my ass.

Your car payment would be around $800-$900 a month. :D

Honestly, if I wanted I could afford that... I'd be living on the grind the entire time, but I could afford it....

However, i've been through that way of living a few times... It's not too fun, and it's definately not worth driving around in a shiny new car over... :teeth:

Honestly, if I wanted I could afford that... I'd be living on the grind the entire time, but I could afford it....

However, i've been through that way of living a few times... It's not too fun, and it's definately not worth driving around in a shiny new car over... :teeth:


Yeah, I could afford that if I wanted to, but I don't want to LOL.

And if you did that, you'd be fully representing the crowd of Escalade drivin', rim spinnin' brothas who don't have enough money to eat at McDonald's.

And if you did that, you'd be fully representing the crowd of Escalade drivin', rim spinnin' brothas who don't have enough money to eat at McDonald's.

:werd:

lol

Yeah, I could afford that if I wanted to, but I don't want to LOL.

BS, you're still car hunting... :D

BS, you're still car hunting... :D

That's because I'm hunting for the "perfect" car. I could just go down to a dealership and buy something for $400 a month, but what would be the point?

get the lotus!

I'm feeling the DeLorean today.

But, there's an S5 'vert with a blown motor in St. Louis for $900... Which would give me $9100 for mods. :D

Deloreans are crap....get the lotus

FWIW DAK, I was in your position not too long ago. This only applies if you are like me, have shit credit because of college.

I wanted to get a nice sports car as a DD, but my credit was shit. There was really nothing I could do, as my credit would only allow me something in the 20k range, and I didn't feel like waiting a year to dish out cash for an S2k. So what I did was finance a Scion Xb. The car was like $16xxx when all was said and done. Monthly payments were like $300.00 a month on a 5 year loan. However, I pay about $1100.00 a month, and now, 9 months later, im more than half way done with the payments.

My credit has also gotten a nice boost from it. It's nothing substantial yet as my clearing house reports every 3 months, but by the end of the year when the car is paid off, im sure the credit will look great. I figure by the time it's paid off, I will have enough credit to get that S2k. Throw the Scion in as a trade, then drop like 6k of my own money, and I should be set for the remaining financing that is needed.

My take on purchasing a 'new' car.

First- if you need a reliable mode of transportation to get you (or your family) from point A to B, and it gets you to your job that earns you money- it's a good purchase. Note- I did not say 'good investment'. New cars depreciate rapidly- so the more expensive it is- the faster the investment will erode..)

Second- If the priorities for the car are indeed (A), buy something that first and foremost accomplishes that task AND does not erode your earnings and cost of living. So at $30K a year, in your area- that would leave you with a car less than $20K p/yr.

Third- My conservative side always errs towards cost of ownership, then function, then style.

Case in point- when I was 21, I bought a a 'used' 1986 Toyota MR2 (I think it had 30K on the odo). It got me back and forth to my job, was reliable as piss, sporty and since I didn't have a wife or kids- I didn't give a damn about extra seats.

Then, when I was 23 and married, I sold the MR2 and bought a new Honda CRXsi. We had no kids so the car could still had 2 seats BUT it had more storage room for vacations, groceries.. Still fairly sporty, though..
That car lasted 175K fairly trouble free miles.

Then in 1996, we moved into the stix, roads were rough and snowplows virtually non-existent. We bought a new 1996 Subaru Impreza wagon. We anticipated starting a family. AWD, good mileage.. We still have that car 180K miles later. My cost of ownership (less gas/insurance) is .10cents a mile. You can't beat that with a stick..

All those cars mentioned fell well within my budget and gets the job done with as little cost possible.

As far as financing and dealerships- I'd go to Carmax. They tend to have oodles of good cars, both new and used and their in-house F&I seems straight forward..I can (obviously) elaborate further on the financing end if you wish..

Don't sell a car to them though, because they are sheisty bastards.

Buy an FC and mod it.