How much would you pay for an STI?

[Quattrotakis]

Revised because of severe misunderstanding....


Have no debt other than my new car, which i'm upside-down on. 2008 WRX. Have $29K left to pay on it(with interest). Dealership offered to take in the WRX on a trade and not roll anything into a new STi, but I would be financing approx $36K, over 72/mo. I told them no. Only reason I would even consider would to get out of being upside down on my car (of which i had to roll about 5K of negative equity into to buy it).

[Hassmeister]

No.

[MOFSTEEL]

Sounds like you're going to be putting yourself in more debt by buying a car you dont need.
$700 a month for 72 months doesnt sound like a deal to me.
Wait a few years until you have a few more things paid off then think about another car. Just my $.02

[bob12312357]

$50,400 for an STI? lolz
Your a financial moron and the dealer is gonna make a lot of money off you. $700 a month with no trade= 11% interest rate on that 37,000
SO YOUR PAYING 13,400 IN INTEREST!!!!
But wait, your trading a WRX in even though u didn't mention the year we'll say for arguments sake a 2006 in fairly worn condition with 90,000 miles to give as little value as possible for a bare bones model on the trade. You should be getting between 9 and 10 grand on the trade for your old car. SO lets lower that car price from 37,000 to 28,000 dollars. Your paying 22% interest on the STI. For a credit score of anything over 400 with the trade in being worth 9-10k thats insane. So your paying on a 27,000 dollar note $23,400 in interest. You graduate middle school to even consider a deal like that?

[bob12312357]

Also a tip to anyone who's never worked in a dealership, the dealer will try and work out a monthly payment you can "afford" they will try and at all costs avoid discussing OTD price and what they will give you on the trade. I've seen people not get a dime on their trade,pay more then twice what a used "pre-owned" vehicle was worth,and have an interest rate of 29% on a high 600 credit score. It worked out for them though,cause they got payments of "only" $500 a month on a 80 something month loan. They were dumb Staten Island Guidos just happy to have a 4 year old Navigator.

[rice_Rocket88]

Buy a used Evo.. like mine and save $$, and have a faster car :)

Honestly, looking for an older Sti would at least help you out in terms of the $$$. With refinancing and financing again, you're just losing money. You probably would be better off buying an older car.. say maybe a B5, saving the $$ for a year or two, then you have more money to spend on other more expensive cars.

[CARTEL]

Jesus man, you need to stop financing things. Save up, buy out and stop giving your money away.

[Eric @ WAR]

$50,400 for an STI? lolz
Your a financial moron and the dealer is gonna make a lot of money off you. $700 a month with no trade= 11% interest rate on that 37,000
SO YOUR PAYING 13,400 IN INTEREST!!!!
But wait, your trading a WRX in even though u didn't mention the year we'll say for arguments sake a 2006 in fairly worn condition with 90,000 miles to give as little value as possible for a bare bones model on the trade. You should be getting between 9 and 10 grand on the trade for your old car. SO lets lower that car price from 37,000 to 28,000 dollars. Your paying 22% interest on the STI. For a credit score of anything over 400 with the trade in being worth 9-10k thats insane. So your paying on a 27,000 dollar note $23,400 in interest. You graduate middle school to even consider a deal like that?

You hit it right on the money.



Quattrotakis -
Stealerships always play a numbers game. if they don't get you on the price of the car, they play with the interest rates and then some. ALWAYS ALWAYS ALWAYS deal with the bottom line cost of the car. NEVER NEVER NEVER deal with monthly payments (the dealership will always win that way). For example the dealer will say "what monthly payment are you looking for". After you give your input, they'll play hardball for a while. If they do give in, they just make up for it on your trade.

Sounds like you need to learn about financing and what makes a good deal. Right now that dealer is salivating knowing he suckered someone. Don't take that deal!!!

[Quattrotakis]

SO YOUR PAYING 13,400 IN INTEREST!!!!

I did the math in the dealership and that's exactly what I told them as I walked out the door.

I'm sorry if I made myself out to be a "financial moron". I did get this Stealership to give me $9000 trade-in on a 2000 civic si with no front bumper, burnt clutch, 4 rusty Enkei's, 4 irregularly worn Khumo's, and 130,000 uncomfirmed miles The financing on the WRX is very basic with no tricks involved and I know for a fact my purchase but them into the next purchasing bracket and they made more commission from Subaru because of it.

I can't build credit any other way for the next 5-6 months until the rest of my debt is paid off ($20K over the last 4 years). And i'll be completely debt free other than a car payment and rent. I would love to "save money" and not finance, but that's no exactly an option yet.

[cerfus]

get an evo, I've done my research technically they are better than the sti in all asepects really, design is taste of course, but they seem to be faster, more reliable, cheaper cars. Im planning on buying one as soon as I sell my A6. And yeah you need to stop financing things and losing all your money.

[SoEvoL]

The story goes like this...

About 2 years ago, I finally paid off my 99.5 A4, but I had to dump approx $4000 into it for new Brake Master Cylinder, Cracked intake manifold, Alternator, Timing Belt, etc, etc. (All the Bullshit you need to do between 90-110K miles + Extra)

I had sh!tty credit so I bought 2000 Civic Si from a friend. It had low low miles and was in great condition. No mods at all but lowering springs/shocks and a short shifter. I bought it for about $9000, financed $11,500, and put $2500 in my pocket. My interest rate was something around 14% (my credit was in the 500s).

About a year and a half later, a Subaru dealer wanted to sell an 08 WRX so bad, they offered me $9000 trade in on my Civic. Blue book trade-in was about $5000, but the dash stolen out so I had a new gauge cluster and inaccurate miliage = tarnished title. It was a good out, my only out because the Honda was a POS. I ended up financing at 7.9% because there were no specials at the time so bringing my total debt(just on the Subaru with financing) to approx $40,000.

This brings us to today. I owe approx $29,000 on my WRX right now(been paying extra every month). I go for an oil change and notice 2 STi's on the lot. One BBS Package, one base. ($2000 difference between the 2). I test drive them both... both COMPLETELY different cars than the WRX. So much more solid, both shift so much better, and so much more power. The Stereo is also a ton better, etc etc. Exhaust note is rediculous, i'm in love.

The BBS STi Stickers for approx $37,000. My credit is approx 700 now. So the sales guy goes to figure some numbers, they basically put it in writing, $700/mo for 72month, with nothing down and my WRX as a trade. Would you do it?

does your phone have a calculator, thats over 50k for that sti + ur trading your wrx in?

when i did my evo it was 652 for 5 years. 39k approx, go buy a used sti or evo, unless u really want that wagon look.

[almaster666]

sounds like a rip-off and that you need to stop going into debt.

[VTAudiA4]

I would sell your current car and get something cheap (B5 A4) and take the rest of the money and pay off your loans. 20K is a lot. I would rather be out of debt and drive a old car then be riding in a STI and being int he hole for the next 10 yrs.

[wifeysaudi]

cheack out this 900hp wrx about 4:20 into the video this thing pulls like a monster.

http://youtube.com/watch?v=WCz5yPcpIIU&feature=related

[1 ate T]

get an evo.

Plain and simple.

[LampyB]

why don't you just sell your B5 A4 while it's still worth a dime? car's just depreciate over time and eventually you'll be able to get only about $1500 for it. take the money from this car and put it toward your wrx debt and you won't be behind in value anymore....actually you'll probably be ahead! then if you ever decide to sell the wrx you won't lose $.

if you do decide to get a different car, DON'T bring a trade-in to the dealer...sell your car private party and get the full amount it's actually worth. this may take a month or two longer, but honestly 1-2 months for several thousand more is worth it in itself.

[xX|05:A4|Xx]

you wont have a 29% rate. in ct state max is 15% on new cars. 19% on used. but yea i do agree. there is no point in trading your vehicle in. you are going to get substantially less money than you would trying to sell it outright and it will be forever tanked in that Sti. 50,400$ for a brand new sti? after you register it you will be already in the hole just from your negative equity alone. then your depreciation will set in and you will never be able to get out of that loan. you will just be in a repetetive cycle of rolling money over and you will own vehicles with 100k for 30times the amount they are worth. just my .02 IMO i would recommend a lease. I know the Sti's probably lease out crappy. but if you suck it up for 3 years you can wipe your negative equity clear and just turn the vehicle back in. if you want to get out of the hole. then i would recommend that especially if you are paying 700$ a month.

[cerfus]

If youre going to pay 50.5k for an STI you might as well get a saloon E90 M3, theres one at my local dealer for 59k

[Monizzle]

sounds like you need to stop buying cars. learn to invest for a while bro.

[forumballer]

you should be taking the bus with all your debt, jesus

[tike0rz]

I was in debt about $20k with my previous car. I worked hard to get it down, sold the car, and now I'm in a quick S4 with no monthly payments. Stick it out, it is much better for your financial future.

Now if you're talking about student loans, thats a different story. I'm about $30k in the hole, and I'm not looking forward to paying that shit off...but almost graduated! Woohoo!

[b6onboost]

i think you should dump the WRX. why be in so much debt ($29k) just to own a second car? sell the WRX, pay off the car debt, drive the A4 payment free. then if you want another car, sell/trade the A4 and get something else. buying used will save you a ton of money, as will having a downpayment when you purchase.

it's not worth it to rack up massive car debt. they all depreciate, and most people really don't care whether you drive a truck or a bently. you can still have a nice, fun, car that people respect...just stick to what you can afford.

[Quattrotakis]

for starters, the A4 still has a laundry list of problems. I replaced all rotors and pads last week as well as some other mechanic work and my check engine light come on every other time I drive it, so I just leave it in storage.

I took off for Europe in 2003. I came back and my company outsourced everything so I had no job and no money and have spent the last 5 years paying off about $20K in debt (not counting car payments) and a student loan.

My credit was like 760 in 2003, down to 513 in 2005, and back up to 700 now. I needed to have a solid car payment to rebuild my history. I can afford $1000/mo car payment now, but he question is do I want to do it. I like the STI, but not a $50,000 car.....

... and i owe $29K, on a car that's worth $21-$22K. It sucks, but watever. It feels good knowing that anything goes wrong with it, including the 3 blowouts this winter, were completely repaired free of charge. Not like the $3200 alternator/timing belt charge that bent me over 2 years ago.

thanks for all your advise.

[davis449]

I wouldn't pay sticker for a STi, much less $40K. Too much $$$ for an econobox on steroids. I'd rather buy a relatively low mileage 2002 B5 S4 and chip that bitch.

[jstdoit1112]

For the record, the A4 still has a laundry list of problems. I replaced all rotors and pads last week as well as some other mechanic work and my check engine light come on every other time I drive it, so I just leave it in storage until it's in good working condition. I know it's a cash cow, but i can't get shit for trad-in and can't sell so might as well make it work and drive it as and car or use it as collateral if needed.

I took off for Europe for a month the summer of 2003. I came back and my company outsourced everything so I had no job and no money and have spent the last 5 years paying off about $20K in debt (not counting car payments) and a student loan.

My credit was 760 in 2003, down to 513 in 2005, and back up to 700 now. I needed to have a solid car payment to rebuild my credit history. I can afford $1000/mo car payment now, but he question is do I want to do it. I like the STI, but it's not a $50,000 car.....

... and i owe $29K, on a car that's worth $21-$22K. It sucks, but watever. It feels good knowing that anything goes wrong with it, including the 3 blowouts this winter, were completely repaired free of charge. Not like the $3200 alternator/timing belt charge that bent me over 2 years ago.

thanks for all your advise.

ok so if you can afford $1k a month car payment pay off your wrx. within 3 years youll be car payment free and if you dont want the a4 anymore sell it as is. because if you just let it sit fu##ed up you just loosing more money

[cerfus]

seriously if you can do a 1k a month payment, then start paying off your debt..

[Quattrotakis]

seriously if you can do a 1k a month payment, then start paying off your debt..

I've considered that, but that extra money is going elsewhere.

[xX|05:A4|Xx]

i work for a dealership. from my experiences the bank wont extend that much money for a vehicle. you are asking 140% of the vehicle's actual retail price. being a 700 score. they are going to look at your credit history of paying and also what you bring you as a monthly income. Your interest rate is going to be substantially higher than before and you will buried in that car. your best option is to have only one car. how you choose to get there is your decision.

[b6onboost]

if you are that much in debt, you need to take steps to pay it off. Financing a new STI and going farther in debt is the wrong thing to do, financially speaking. (so is having 2 cars and not using your extra money to pay off debt)

if it were me i'd sell a car, use the money to pay off some debt, then continue to use your extra money to pay off remaining debt. start with whichever loan has you paying the most interest.

I've considered that, but that extra money is going elsewhere.

[Quattrotakis]

I must have a jacked up way of thinking, but i've never considered an auto loan as "debt". I've always saw it as something that's always been there and that will always be there. Regardless, 3-4 months from now, i'll have no "debt' other than a car payment and I can start taking major chunks out of that. For the record. I'm NOT BUYING THE STi. I wish this thread would just die already.

[Dylan]

sell the WRX, sell the A4, pickup a late model GC8, swap in an STI v8 drivetrain and suspension, and you're laughing.

[nivanm5]

If you can afford 1000 a month, why not finance a 2006 S65 AMG ?? I heard financing is now as low as 900 a month without a trade... Who cares about how many months you gotta pay that off for, as you said: car debt isnt really a debt, its just something thats there!!

You have the chance, you have it now!

Dont wait!

Edit: LOL

[m5racer]

evos are sick + they look better and they drive fucken amazing, they stick to the corners liek they are on rails, litterly

[arizona steve]

seriously...buy a 2,000 civic and get it over with. you cant afford any of this...thats like me trying to go buy a STI. just not smart.

[A4A4A4]

the prostitute down the street is giving away STI's for free

[tdn]

Seriously, sell all your cars, buy a bike and use public transportation for long trips. pay off everything ASAP. Once everything is paid off, take some community college classes on financing, economics and investing. You're basically throwing away money, that's no exaggeration.

I've never financed a car. I always pay my cars in full (got my first car at 21, but it was worth it $12k saved). I hate debt and I hate losing money even more. Though I shouldn't talk about losing money right now, waiting for the siri/xm merger.

[JBM]

wow dude....you seriously have to be kidding me.

i laugh at people like you "I don't look at car loans as debt" loan=debt.

I'm laughing all day because of this.

You need to live at what you can afford. avoid going into loans. sell all your cars take the loss buy a cheap ass POS that you can pay off. Take a couple of years get rid of your debt and in that time that 51K STi will be worth something like 20ish and then you can buy it.

[bob12312357]

It's people like the OP who are the reason for the lending chrisis goin on right now. Dumbassess finacing 600k houses on 50k salaries. Dumbasses 80k in debt on 30k worth of vehicles.

[Quattrotakis]

Wow. This has gotten a bit out of control. Looking back at some of these posts, especially the ones coming from 21 and 22 years old, are completely rediculous. I appreciate the financial advise, in all honesty, some of you don't have a clue. Go buy a house and get out in the real world and come back in 5 years and give me your advise again.

[Snipps]

If you don't wanna hear what these people have to say, most of which is 100% correct, you shouldn't ask here.