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Apollodorus posted:Neat, thanks. How does the age of the car factor into the interest rates? As in, what is the relationship? I’m not clear on that. A good rule of thumb is that you will pay roughly $100 per month for every $5,000 that you borrow. So with $9,000 cash you could finance another $10k and pay about $200 per month.
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Jun 12, 2019 02:07
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Deteriorata posted:A good rule of thumb is that you will pay roughly $100 per month for every $5,000 that you borrow. So with $9,000 cash you could finance another $10k and pay about $200 per month. That's only true for 5 year loans, my goon.
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Jun 12, 2019 02:18
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Motronic posted:You can get plenty of car for $9k without financing. True but I need to get something with cargo space, which my wife is willing to be seen in, and which I do not actively dislike driving, which in practical terms means manual transmission is a requirement and I am not going to drive (e.g.) a Kia. I went through a whole thing a few pages back and it looks like a Mazda CX-5 is probably the best combination of all the things I want but a GTI or Mazda3 hatch could work too, as could a few other things. There IS a pristine 2007 MAZDASPEED3 with 72k miles on it for sale near me at $8995. It seriously looks brand new from the high res photos the dealer has posted, and I’m pretty tempted to just buy it (despite its getting like 20mpg combined). However I am now out of the country for 3 weeks so who knows what will be available by the time I get back.
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Jun 12, 2019 02:19
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Apollodorus posted:True but I need to get something........which my wife is willing to be seen in This is well beyond AI or BFC.
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Jun 12, 2019 02:32
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I'm sure someone more knowledge than I will chip in with details but my understanding is the Mazdaspeed 3 was a huge basket case that will feast on your wallet.
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Jun 12, 2019 02:33
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Motronic posted:This is well beyond AI or BFC.  Sits on Pilster posted:I'm sure someone more knowledge than I will chip in with details but my understanding is the Mazdaspeed 3 was a huge basket case that will feast on your wallet. I can’t comment too much on reliability but it is a real shame those things are FWD. The torque steer on the one I test drove was horrendous, it was an older model though.
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Jun 12, 2019 02:47
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Apollodorus posted:I am not going to drive (e.g.) a Kia. Hey! I drive a Kia. Now you're not going to get my help. Jerk.
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Jun 12, 2019 03:14
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Dietrich posted:That's only true for 5 year loans, my goon. Well, yeah. That's the standard time period for auto loans these days.
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Jun 12, 2019 03:35
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Motronic posted:This is well beyond AI or BFC. It's sort of a thing though I had a repairman mistake my mechanically fine but decrepit looking vehicle for abandoned just the other day and you couldn't show up to a white collar job in the thing.
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Jun 12, 2019 03:59
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Deteriorata posted:Well, yeah. That's the standard time period for auto loans these days. Sure but he was specifically talking about 36 month financing.
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Jun 12, 2019 04:01
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KillHour posted:Hey! I drive a Kia. Now you're not going to get my help. Jerk. Aston still dead? $9k guy, just buy a nine-speed mazda3 hatch. You'll get a lot newer car and if you can break into the post-smile era, a much better and modern looking car which will make your wife happy. Or buy a Mazda2 manual for like 5bux and have the happiest car in the world that can also autocross. I have no car payment and never want to go back.
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Jun 12, 2019 04:38
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Red_Fred posted:
The torque steer is half the fun! My MS3 was a loving riot of a car, but goddamn it hungers for tires, fuel, and parts. Mine was an early 07 so it was the worst of the worst in that regard with stupid early-car-only failures like the throttle body.
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Jun 12, 2019 04:45
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nm posted:Aston still dead? Got a call yesterday. They're replacing an O2 sensor under warranty. No idea what's up with the suspension yet. I'm stuck in Arizona anyways for work, so they may as well take their time on it. Edit: I realize the joke is that my "backup" car is a Kia. The Stinger is really nice and I can't think of any car at its price point I'd trade it in for. It's been the most reliable and practical car I've had since my '09 Sonata. 
KillHour fucked around with this message at 05:20 on Jun 12, 2019 |
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Jun 12, 2019 05:15
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fknlo posted:Some of them, yes. $35k+ is not at all uncommon for 2011 and up cars with the competition package, a manual, and lowish miles. That particular car is probably high, but I've seen quite a few listed over $40k. I'm talking about an f80 M3 though, which I'm leaning towards once again. If I throw in the cost of additional taxes, winter wheels and whatnot the difference is pushing north of $20k between this particular f80 M3 and a new M2C. I can't come up with a ton of reasons to justify that difference. A F80 Jesus Christ
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Jun 12, 2019 06:37
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Deteriorata posted:Well, yeah. That's the standard time period for auto loans these days. It’s creeping up there, average loan length is 68 mos now.
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Jun 12, 2019 06:39
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Motronic posted:This is well beyond AI or BFC. Earlier I mentioned that I currently drive (or would be driving if I cared to replace the battery) a 1998 Ford Escort. In comparison my wife’s 2017 Fit is like a spaceship or something. shovelbum posted:It's sort of a thing though I had a repairman mistake my mechanically fine but decrepit looking vehicle for abandoned just the other day and you couldn't show up to a white collar job in the thing. Yeah that’s her feeling and, now that I’m not a grad student any more, mine as well. She used to get really embarrassed when I’d pick her up in the Escort from work, because she is a professor at a fancy private university where the students drive Audis and Range Rovers in from their off-campus condos. So for our purposes a post-smile (2014+) Mazda3 would be great, as would a CX-5 of similar vintage. So would other options like a GTI or whatever. It’s just a matter of what’s available when it’s time to buy. Deteriorata posted:Well, yeah. That's the standard time period for auto loans these days. I am trying to go with 36mo because I want to pay less interest, mostly, but also because the idea of spending five years paying off something that depreciates in value kind of scares me. Like, I put down $9-10k right now, then spend five years paying an additional $6-7k at however much per month, then I only own the car outright for a year or two before I want to replace it. Or maybe don’t replace it for 12-15 years, like my wife with her ‘03 Mini that she drove until 2017 (and was finally willing to let go when she realized its repair costs exceeded its value every year for three years) or my dad with his ‘98 Passat that he kept until 2013 (and probably spent twice the car’s purchase price on repairs). KillHour posted:Hey! I drive a Kia. Now you're not going to get my help. Jerk. Sorry  But don’t you also have at least one interesting cool car that you like to drive? I’m only in a position to have one car for the foreseeable future and am trying to strike a balance here. Apollodorus fucked around with this message at 08:48 on Jun 12, 2019 |
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Jun 12, 2019 08:30
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Apollodorus posted:Earlier I mentioned that I currently drive (or would be driving if I cared to replace the battery) a 1998 Ford Escort. In comparison my wife’s 2017 Fit is like a spaceship or something. 1) Literally no one cares about what kind of car you drive. Do you care that those students drive Range Rovers? Of course not, you have enough problems of your own. That's true for everyone. 2) Tell your family to pick up a Consumer Reports or something at some point in their lives instead of repeatedly buying literally the most shoddily built unreliable cars made on the planet. (I mean yeah it sounds like eventually you did with the Fit and all but it was just a funny thing to read).
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Jun 12, 2019 12:10
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Throatwarbler posted:1) Literally no one cares about what kind of car you drive. Do you care that those students drive Range Rovers? Of course not, you have enough problems of your own. That's true for everyone. I...I care what kind of car I drive.  Seriously though it would be nice to have a vehicle that is somewhat aesthetically pleasing from both outside and inside. I guess my thinking is that if I'm going to be spending $15k+ on something then I should be able to enjoy it, but maybe I should be prioritizing reliability, economy, and (functional) comfort above all else? Throatwarbler posted:2) Tell your family to pick up a Consumer Reports or something at some point in their lives instead of repeatedly buying literally the most shoddily built unreliable cars made on the planet. (I mean yeah it sounds like eventually you did with the Fit and all but it was just a funny thing to read). Tell me about it. When my dad was getting rid of his Passat he asked me (over dinner or something) if I'd like to have it; I literally did a spit take at the thought of taking on a 15 year old car with 220k miles on it that seemed to be in the shop for a week every other month. Apparently he donated it to some nonprofit, who wrecked it within a year and put it out of its misery. My wife tried to replace her Mini in 2014 but had a total (emotional) breakdown at the thought of getting rid of the car she had since age 16. $8,000 in repairs later she finally let me talk her into getting something new. Oh by the way my dad decided to replace his Passat with a 2013 Dodge Dart
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Jun 12, 2019 12:36
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Apollodorus posted:Oh by the way my dad decided to replace his Passat with a 2013 Dodge Dart So glad I came here to get car suggestions around then and was convinced to get a V8 boat because I was looking at a Dart.
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Jun 12, 2019 15:22
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KYOON GRIFFEY JR posted:A F80 Jesus Christ Scoff all you want, it's going to be a better daily for me. I have a friend that has both an e46 and an e92 M3 and he's the one that started steering me to the newer cars.
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Jun 12, 2019 15:23
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Apollodorus posted:Sorry My kia is an interesting cool car that I like to drive  Car loans can be paid off early without a penalty so get the longest term loan you can at the lowest interest rate, just in case you have to reduce your payments in the future. That saved my rear end when I was laid off 5 years ago and I was 6 months ahead on my car. A lot of times 5 year and 3 year are the same rate. KillHour fucked around with this message at 15:28 on Jun 12, 2019 |
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Jun 12, 2019 15:24
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KillHour posted:Car loans can be paid off early without a penalty so get the longest term loan you can at the lowest interest rate, just in case you have to reduce your payments in the future. That saved my rear end when I was laid off 5 years ago and I was 6 months ahead on my car. A lot of times 5 year and 3 year are the same rate. Yeah, I've never seen a car loan with an early payment penalty. The most I've heard of is something like a 30-45 day window where they don't want you to literally immediately pay it off.
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Jun 12, 2019 16:55
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IOwnCalculus posted:Yeah, I've never seen a car loan with an early payment penalty. The most I've heard of is something like a 30-45 day window where they don't want you to literally immediately pay it off. I've done this before to get a dealer incentive that required me to use their financing. They weren't happy.
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Jun 12, 2019 17:21
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I posted this in another thread because I'm not sure if it applies here, but I'm used to the process of paying off a vehicle and getting the title from the bank upon doing so and then signing it over at that point. The car I'm looking at is in Wisconsin, and there you pay off the loan, the bank gives you a letter you take to the DMV to release the title, and then you go to the DMV to pick it up. Am I overthinking this or is there a good amount of risk there as a buyer? I called the bank the loan is through and they confirmed that this is how it's done there. e: I called the DMV as well, and yup, there's just that risk that you pay off the loan, get the lien release, and then the seller runs out the front door into the woods and then you have to go after them in court with a bill of sale. Fun! fknlo fucked around with this message at 20:10 on Jun 12, 2019 |
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Jun 12, 2019 19:23
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KillHour posted:My kia is an interesting cool car that I like to drive You know, this is exactly what we’re doing on our mortgage (paying 33% extra per month to pay off a 30yr in 15yr) but I guess I assumed car loans would have some kind of penalty. If that is not in fact the case, then this is probably the way I’ll go—thanks! Also what Kia do you drive and what makes it interesting and cool?
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Jun 13, 2019 00:41
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Apollodorus posted:Also what Kia do you drive and what makes it interesting and cool? Stinger GT2   The part that makes it interesting is that it's a luxury fastback with the interior of a 3 series or a C class for way less than a similarly optioned 3 series or C class. The part that makes it cool is the 365HP twin turbo under the hood. KillHour fucked around with this message at 00:53 on Jun 13, 2019 |
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Jun 13, 2019 00:47
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KillHour posted:Stinger GT2 I respectfully disagree. While I think it's a worthwhile entry from Kia, and an Important Enthusiast Car, and is emblematic of Korea's excellent comeback, the value proposition is not there for me. An Audi S4 has 349HP and MSRPs for $50.2. A Stinger GT2 has slightly more power at 365HP and MSRPs for $49.2. If the difference in cost was larger (say if it was $40k) the Kia would have a value prop. For me, I'd take the Audi every day of the week. Unfortunately Kia was unable or unwilling to bring the cost down to deliver a quality product and as a result they lost me, but who the gently caress cares it's a dead segment anyway. I can also only afford to be a used buyer, if that. Plus I think the front and corporate grill is ugly, I apologize good sir. S4 is 5x better styling although it suffers from a medium-severity case of giganto chomper grill.  Though really the S5 is a more appropriate comparison and it MSRPs for $52.4. Something Offal fucked around with this message at 01:04 on Jun 13, 2019 |
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Jun 13, 2019 00:56
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So a couple things - a base S4 (if you can even find one that isn't optioned out) is closer to a GT, which has a list of $39.3k. Fully option out an S4 and compare the costs. Secondly, I got my GT2 for just over 40k before taxes because there are crazy incentives on it and you can talk the dealer down even further. Audis sell (lease) for MSRP and you're gonna like it. Lastly, you're wrong and Audis are boring looking. Even the S. Nobody is going to know you're not driving the slow one. At least the shark nose grill is somewhat unique and not just following the trend of "make the grill bigger than the competition." Edit: The question was why is it cool, not why is it the best car in the segment. A Kia being compared to an S4/S5 is cool by definition. KillHour fucked around with this message at 01:10 on Jun 13, 2019 |
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Jun 13, 2019 01:05
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KillHour posted:So a couple things - a base S4 (if you can even find one that isn't optioned out) is closer to a GT, which has a list of $40k. Fully option out an S4 and compare the costs. Secondly, I got my GT2 for just over 40k before taxes because there are crazy incentives on it and you can talk the dealer down even further. Audis sell (lease) for MSRP and you're gonna like it. Yeah all your points are pretty much right, I concede. The S4 is probably a bit overpriced. The Stinger is a cool one for sure  very jealous
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Jun 13, 2019 01:10
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I'm assuming that the Kia is going to be much cheaper in the long run compared to an Audi.
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Jun 13, 2019 01:35
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Uthor posted:I'm assuming that the Kia is going to be much cheaper in the long run compared to an Audi. The ridiculous warranty helps. And the dealership does $50 synthetic oil changes.
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Jun 13, 2019 01:45
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KillHour posted:Edit: The question was why is it cool, not why is it the best car in the segment. A Kia being compared to an S4/S5 is cool by definition. This right here. I'm all for more brands doing weird and cool stuff, even if it's not something I'd necessarily buy. That is an obviously very cool and good car and also interesting. I wouldn't buy one because I'm a broke brained idiot who like driving around in half broken german and english cars, but as I've cautioned before: don't be like me.
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Jun 13, 2019 01:48
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Motronic posted:I'm a broke brained idiot who like driving around in half broken german and english cars, but as I've cautioned before: don't be like me. I need the Kia for when my dumb broken cars are in the shop. I got a call back today on that by the way. They need to replace the O2 sensor but they can't find anything wrong with the suspension 
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Jun 13, 2019 01:54
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Motronic posted:This right here. I'm all for more brands doing weird and cool stuff, even if it's not something I'd necessarily buy. That is an obviously very cool and good car and also interesting. I wouldn't buy one because I'm a broke brained idiot who like driving around in half broken german and english cars, but as I've cautioned before: don't be like me. This thread made me want a Honda Element even though the post that made me want it was my own post telling someone not to get one. The seats fold up sideways! Also a really clean one parks in front of my house everyday.
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Jun 13, 2019 01:57
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They're so expensive though. The Soul is the current choice for "quirky" SUV.
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Jun 13, 2019 01:58
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KillHour posted:but they can't find anything wrong with the suspension Other than like.....it's obviously not working right. Oh, yeah.....english car. Everything is as expected. The problem here is that YOU are confusing them by demanding a completely functional vehicle.
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Jun 13, 2019 02:13
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Apollodorus posted:I am trying to go with 36mo because I want to pay less interest, mostly, but also because the idea of spending five years paying off something that depreciates in value kind of scares me. Like, I put down $9-10k right now, then spend five years paying an additional $6-7k at however much per month, then I only own the car outright for a year or two before I want to replace it. Interest rates are low enough that the difference between 3 and 5 years is small. If you're going to pay $19k for a car, you'll be getting something fairly new with a lifetime of >10 years, so taking an extra couple of years to pay it off isn't unreasonable. The upside of 5 years is that you get smaller monthly payments (although for longer time). Alternatively, pay cash for a car that's got about 5 years left in it and call it even.
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Jun 13, 2019 02:15
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KillHour posted:They're so expensive though. The Soul is the current choice for "quirky" SUV. It's such a dumb car because there are endlessly more capable SUVs that get the same gas mileage.
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Jun 13, 2019 02:15
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The true ridiculous SUV is the FJ which heavily used sells for $new 4runner
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Jun 13, 2019 02:19
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Deteriorata posted:Interest rates are low enough that the difference between 3 and 5 years is small. If you're going to pay $19k for a car, you'll be getting something fairly new with a lifetime of >10 years, so taking an extra couple of years to pay it off isn't unreasonable. The upside of 5 years is that you get smaller monthly payments (although for longer time). It doesn't sound like you know how compound interest works. Even if the rate was the same you'd be paying more for the 5 year over the 3. Also, with a 5 you end up being underwater in the loan for a longer period of time (depending on down payment of course). Edit: $30k loan, 3.5% 3 years: $879.06 monthly, total cost $31,646.25 5 years: $545.75 monthly, total cost $32,745.14 The lower payments cost you almost $1,100. This only gets worse since the longer loans typically have higher rates. Motronic fucked around with this message at 02:38 on Jun 13, 2019 |
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Jun 13, 2019 02:31
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