(financing) your STi
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your sti
i'm driving a rsx right now but i'm looking to buy a wrx sti, i'm going to work to get it with my parents help, but i want to get an idea of how much i will have to work per month. so for all you guys that own one, i was wondering how much you paid for it. downpayment, how much your paying monthly, total, etc. thanks a lot for your help.
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I dont have an STi but I think I can help you out. I borrowed $16k from the bank, which is roughly half of the price of an STi. In other words if you double my payments then you'll know how much you'll have to pay. I pay $295/month so if you put nothing down it will be approx. $590/month for 5 years @ 4.0%.
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Um.
How old are you?
You'll have to work your *** off to afford an STi every month. You'll have one of the coolest cars at your highschool, but a cool car isn't any good if you've either got no money left to date all the chicks you'll get with it, or you're working too much to take em out.
Stick with the RSX. It's a fine car and you don't want to work every night/day making minimum wage to afford a car.
How old are you?
You'll have to work your *** off to afford an STi every month. You'll have one of the coolest cars at your highschool, but a cool car isn't any good if you've either got no money left to date all the chicks you'll get with it, or you're working too much to take em out.
Stick with the RSX. It's a fine car and you don't want to work every night/day making minimum wage to afford a car.
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Originally Posted by nKoan
Don't forget insurance. Insurance at a young age on an STi will be quite a bit. Even with no accidents, I bet insurance alone will be between $150-$300
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for the wifes car we financed 19k - for the STi i financed 26,000. i pay 448/month@ 4.9 percent interest. i pay about 200/month in gas and i pay about 300/month for insurance-
that totals to about 950/month just to "own" my car.
if you are in high school find a job that pays you a minimum of 10 dollars/hour @ 40 hours a week- thats about 1700 gross, subtract 30% in government "fees"(taxes) and your net should be in the ballpark of 1200- that leaves you with an estimate of 300/dollars a/month left to enjoy life.
but keep in mind that grades should be maintained so factor in time for doing homework/work......
do the math... if you can afford to do it- do so. maybe you can justify.... but most people that are old farts like me - will instruct otherwise.
aloha from the summit of *-^-Mauna Kea-^-*
that totals to about 950/month just to "own" my car.
if you are in high school find a job that pays you a minimum of 10 dollars/hour @ 40 hours a week- thats about 1700 gross, subtract 30% in government "fees"(taxes) and your net should be in the ballpark of 1200- that leaves you with an estimate of 300/dollars a/month left to enjoy life.
but keep in mind that grades should be maintained so factor in time for doing homework/work......
do the math... if you can afford to do it- do so. maybe you can justify.... but most people that are old farts like me - will instruct otherwise.
aloha from the summit of *-^-Mauna Kea-^-*
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I'm glad others said it before me cuz I didn't want to be the only preacher. When I was in school, I had no idea how much money it actually takes to live when I got out of it. I racked up my line of credit cuz I knew I can make good money when I got out. I didn't do the math and I just said " Don't worry, I'll pay it back." Bull ****. Rent, utilities, student loan repayment, various insurances (life, car, disability, malpractice, home), professional fees, retirement savings, taxes, groceries, average car, eating out, play, dating.......am I depressing you yet? If you do the math for a responsible scenario, you'll find that for the average person there isn't much left for luxuries. I'm 29 now. I ended up taking a few years longer than I expected to get back on track even with a high income.
I know..... you're probably at home, with virtually no overhead so it seems feasible to work just to pay for a car. But it isn't worth it, man. Working your *** off to pay for a depreciating (a very very fast one at that) asset is stupid. Why not keep your already nice car, work, and save the money for something potentially more rewarding long-term? further education, property, business ventures, build your dreams.....
But then again, if your parents are loaded, or you have scholarships coming out of every pore, and you are in good position to make tons of cash in the next 5 years then go for it. Just be honest with yourself and do what makes you truly happy: live fast now, or live comfortably for the rest of your days.
BTW.....you are driving a nicer car than me right now.
I know..... you're probably at home, with virtually no overhead so it seems feasible to work just to pay for a car. But it isn't worth it, man. Working your *** off to pay for a depreciating (a very very fast one at that) asset is stupid. Why not keep your already nice car, work, and save the money for something potentially more rewarding long-term? further education, property, business ventures, build your dreams.....
But then again, if your parents are loaded, or you have scholarships coming out of every pore, and you are in good position to make tons of cash in the next 5 years then go for it. Just be honest with yourself and do what makes you truly happy: live fast now, or live comfortably for the rest of your days.
BTW.....you are driving a nicer car than me right now.
Last edited by Bing Chow; May 21, 2005 at 11:40 PM.
Just picked up my 05 STi
It was 34XXX out the door (damn 8.75% tax), 8k down, 3.9%, 472/month for 60 months
It also came with the conv.package 2d, short throw, sub, wheel locks, mats, dealer added tint
It was 34XXX out the door (damn 8.75% tax), 8k down, 3.9%, 472/month for 60 months
It also came with the conv.package 2d, short throw, sub, wheel locks, mats, dealer added tint
Last edited by ucbsti; May 30, 2005 at 01:45 AM.
Originally Posted by ucbsti
Just picked up my 05 STi
It was 34XXX out the door (damn 8.75% tax), 8k down, 3.9%, 472/month for 60 months
It also came with the conv.package 2d, short throw, sub, wheel locks, mats, dealer added tint
It was 34XXX out the door (damn 8.75% tax), 8k down, 3.9%, 472/month for 60 months
It also came with the conv.package 2d, short throw, sub, wheel locks, mats, dealer added tint
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Originally Posted by Bing Chow
I know..... you're probably at home, with virtually no overhead so it seems feasible to work just to pay for a car. But it isn't worth it, man. Working your *** off to pay for a depreciating (a very very fast one at that) asset is stupid. Why not keep your already nice car, work, and save the money for something potentially more rewarding long-term? further education, property, business ventures, build your dreams.....
But then again, if your parents are loaded, or you have scholarships coming out of every pore, and you are in good position to make tons of cash in the next 5 years then go for it. Just be honest with yourself and do what makes you truly happy: live fast now, or live comfortably for the rest of your days.
.
Most people come to this realization too late. It does suck driving a POS, but when you are buried in debt, you can't really enjoy your toys...or your life!!!
Oh, and don't forget, that STI will be an old, worked over Piece of Turd in 5-10 years. Just look at the coolest car that was out 5 years ago... .... can't think of one??? E X A C T L Y !!!!!
Last edited by HellaDumb; Jun 7, 2005 at 01:28 PM.
Originally Posted by HellaDumb
Second That! If I hadn't been wasting money on cars the last 10 years, I could have had a pimp house with a tiny mortgage right now. I ended up with a tiny POS house and a huge mortgage!!!
Most people come to this realization too late. It does suck driving a POS, but when you are buried in debt, you can't really enjoy your toys...or your life!!!
Oh, and don't forget, that STI will be an old, worked over Piece of Turd in 5-10 years. Just look at the coolest car that was out 5 years ago... .... can't think of one??? E X A C T L Y !!!!!
Most people come to this realization too late. It does suck driving a POS, but when you are buried in debt, you can't really enjoy your toys...or your life!!!
Oh, and don't forget, that STI will be an old, worked over Piece of Turd in 5-10 years. Just look at the coolest car that was out 5 years ago... .... can't think of one??? E X A C T L Y !!!!!
Negative, Sti is a break through, it's the begining of a new breed of cars blowing up popularity wise in the US. The STi is an awesome car to drive, and it will still be in 5 years!!!
There are many cars older than 5 years that are sweet.
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5-10 year old cars
for the record, I would gladly trade my nearly WRX for any of the following 5-10 year old completely forgotten and useless "terds":
94 RX-7
97 Supra TT
99 3000 GT VR-4
By the way, for the record, a clean 97 Supra turbo in original shape with low miles is worth about 30-35 thousand dollars, roughly 75% of it's new MSRP. I would challenge you to generate another example of a 8-9 year old car that is worth 75% of sticker value.
94 RX-7
97 Supra TT
99 3000 GT VR-4
By the way, for the record, a clean 97 Supra turbo in original shape with low miles is worth about 30-35 thousand dollars, roughly 75% of it's new MSRP. I would challenge you to generate another example of a 8-9 year old car that is worth 75% of sticker value.