Wise to get WRX now?
08-29-2004, 05:27 AM
#1
Registered User
Thread Starter
Join Date: Aug 2003
Location: Honolulu, HI
Posts: 83
Wise to get WRX now?
I currently attend KCC and would like to own a WRX in the near future. I plan to eventually transfer to UH in about 2 years. Would it be wise to put down payment 5k and make monthly payments now? Or should i just save up more and get it when i start going to UH?
08-29-2004, 08:43 AM
#2
Registered User
iTrader: (14)
Join Date: Jan 2003
Location: Honolulu, HI
Posts: 1,224
Car Info: 1991 Toyota MR-2 Turbo
When making a decision consider a few things:
1) Do you have a steady income? Is it enough to cover car payments PLUS maintenance?
2) Assume you get no raise or increase in income in the next 2 years; will you have enough to cover the additional expense of going to UH over KCC?
3) What do you drive now and how much is it costing you to own?
4) How much more insurance will it cost?
I would expect interest rates to rise over the next 2 years so financing it now you'll likely get a much better rate than 2 years from now. OTOH in 2 years you'll have saved more money for a downpayment so your loan amount would be lower. Another thing to consider is that there might be something nicer/better in a couple year. Heck you might be able to get a used '04 STi for $20,000 in two years
1) Do you have a steady income? Is it enough to cover car payments PLUS maintenance?
2) Assume you get no raise or increase in income in the next 2 years; will you have enough to cover the additional expense of going to UH over KCC?
3) What do you drive now and how much is it costing you to own?
4) How much more insurance will it cost?
I would expect interest rates to rise over the next 2 years so financing it now you'll likely get a much better rate than 2 years from now. OTOH in 2 years you'll have saved more money for a downpayment so your loan amount would be lower. Another thing to consider is that there might be something nicer/better in a couple year. Heck you might be able to get a used '04 STi for $20,000 in two years
08-29-2004, 10:36 AM
#3
It is always a good time to buy a WRX but like Mister 2 said you have to make an assesment of what you have as far as income vs expenses for a new car.........i would advise taken mister2 advice. my suggestion is dont take a crazy financial plunge unless your ready for it. a brand new car could easily make or break you. good luck...
Mister2-you sound like some kind of financial adviser is this what you do for a living? if so i would like sit and talk to you one day when i get back
Mister2-you sound like some kind of financial adviser is this what you do for a living? if so i would like sit and talk to you one day when i get back
Last edited by 4080wrx; 08-29-2004 at 10:54 AM.
08-29-2004, 11:32 AM
#4
Registered User
iTrader: (14)
Join Date: Jan 2003
Location: Honolulu, HI
Posts: 1,224
Car Info: 1991 Toyota MR-2 Turbo
Originally Posted by 4080wrx
Mister2-you sound like some kind of financial adviser is this what you do for a living? if so i would like sit and talk to you one day when i get back
*LOL* No, I'm an engineer who just happens to have learned a few things from past mistakes
08-29-2004, 11:59 AM
#5
Originally Posted by Mister 2
who just happens to have learned a few things from past mistakes
08-29-2004, 12:56 PM
#6
Registered User
iTrader: (3)
Join Date: Sep 2003
Location: town / kaneohe
Posts: 4,499
Car Info: gc w/ neons and a wrx that needs neons
if you can afford it, i don't see why the heck not.
remember that you don't have to go with a super brand new 2 mile driven car.
there are members selling their awesome cars at great prices.
remember that you don't have to go with a super brand new 2 mile driven car.
there are members selling their awesome cars at great prices.
08-29-2004, 03:10 PM
#8
Registered User
Join Date: Dec 2002
Location: Hawaii
Posts: 475
Car Info: dreaming on a WHITE wrx
Originally Posted by namakemono
if you can afford it, i don't see why the heck not.
remember that you don't have to go with a super brand new 2 mile driven car.
there are members selling their awesome cars at great prices.
remember that you don't have to go with a super brand new 2 mile driven car.
there are members selling their awesome cars at great prices.
Education first :P.. Well, of course if you can afford buy it. I'm sure the longer you wait, the more saturated the WRX will be (as if it isn't already). So it is up to you, whether you like the WRX or STi, and what not.
Personally, I still like the GC8, and WRX over the STi ...
08-29-2004, 10:53 PM
#11
Registered User
iTrader: (18)
Join Date: Apr 2004
Location: HNL, HI and behind a viewfinder :D
Posts: 2,841
Car Info: 2011 White Forester.
Education comes FIRST
Well just make sure you can make payment, not being in debt.
A "car is just car," but don't take it word to word.
Don't get me wrong, the Wrx is nice, I own a 04 STI, and only bought it this year after finished all my education and working hard.
Just make sure you are financially capable of affording it and overcome your expenses plus extra money as savings.
Mahalo
A "car is just car," but don't take it word to word.
Don't get me wrong, the Wrx is nice, I own a 04 STI, and only bought it this year after finished all my education and working hard.
Just make sure you are financially capable of affording it and overcome your expenses plus extra money as savings.
Mahalo
08-29-2004, 11:50 PM
#13
Registered User
Thread Starter
Join Date: Aug 2003
Location: Honolulu, HI
Posts: 83
I have a seperate savings for when I attend UH, so the money that will be spent on car is from working (*** off). Might have to go with a new car because of financing and monthly payment plans, and i prefer it to be stock. =D
Mister 2 -
1. Hopefully it'll be more then enough to cover those.
2. Have savings for UH and that wont be a problem.
3. Bus =P
Mister 2 -
1. Hopefully it'll be more then enough to cover those.
2. Have savings for UH and that wont be a problem.
3. Bus =P
Thread
Thread Starter
Forum
Replies
Last Post
Roody
Car Lounge
118
03-29-2007 09:08 PM
BlackDubbaUREks
Drag Racing
15
10-16-2003 06:44 PM
daNattyFatty
Suspension, Handling, and Brakes
2
04-17-2003 04:27 AM
