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Old 02-12-2012   #11
niterydr
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Join Date: Oct 2003
Location: Elkhart Texas
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Re: New advice on buying a new car

Quote:
Originally Posted by HiImBrian View Post
^Not a bad find really.

I drove that 06 wrx limited yesterday and that thing was actually pretty sweet. I forgot that the 06+ came with the 2.5 instead of the older 2.0 which really spooled that little turbo right up.
http://denver.craigslist.org/cto/2840974722.html

I've also been chatting with my roommate who works at a mitsubishi dealership here in town as well as chatting with his boss, and it sounds like I could pick up a 2011 wrx for roughly $22000 with 0%APR for 36 months and monthly payments right around $300.
http://www.qualitymitsubishilittleto...84870814-P7923

I'd rather not pay that much for any car, but my thought is since I can get a good deal knowing somebody that works at the dealership, I could potentially own a car that wont depreciate as much in the next few years. Thoughts on this???
$22,000 loan with 0% APR for 36 months is more like: $611.11 with $0 down.

The only way to get to $300/month @ 0 % APR and for 36 months/$22,000 is to finance for 73months and that results in a $301.36.

The other option to keep the 36 month term is to put $11,200 down on the $22,000 loan.

Granted these loans are assuming a $0 payoff at the end, they could be setting you up for a lease or a residual loan.
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