how many miles on the evo? year?

 

I just looked in the books this past Saturday to see how these cars hold up value wise. Galves deductes $175 per every 1000 miles on the evo !
where the s is only $100, looking at the loan value, you are much better off with the s, like Steve said, car is no investment and I'd rather have the $, but.....I am definetly getting the new evo for the +1

 

Who knows....perhaps the dealer knows something about the car....salvage, heavy damage at one point, warranty issues, if you buy the car from them.....they could be putting themselves in legal liability.

 

listen to the voice of reason on this one. you are just getting yourself into more and more debt.

 

Hey Ty, mind if I ask what is the interest rate on your S right now and what is the interest rate on the Evo loan that the dealer got you approved for?

 

I agree with Steve. Buy a garage with a house attached. Mine's now paid off so I built my separate 3 car garage with heat and a/c. That Evo might be a 'Katrina'car. Good Luck.

 

I'm not so sure a house is a good idea for Ty right now. It seems like he changes what he wants to do for a living every month and a house is an awfully big commitment. Along with that... I'd like to say that a more modest car is the right thing to do, but I didn't even follow that advice myself. I bought my s2k with money that would probably been better spent getting myself into a house sooner. I do agree that hopping from car to car isn't the best idea. Even if I was upside-down on the s2k, I'd ride it out and get to the point where I own it and can put that income someplace else instead of keeping car payments forever to drive the latest/greatest.

 

Being only 21 im not sure where i want to end up. I rent a house now with a heated garage and the whole nine yards. I guess cars are what i love to do and i wont be happy unless i have something that i can go fast in. I wouldnt mind having a beater car if i got another bike. I wouldnt mind taking out a personal loan to sell the S and break even and get a beater and a bike. That would be perfectly fine with me. Problem is i cant get a personal loan so im out of ideas...

 

Sorry, I could not pass this up, since Lainey is running ticker on your status. Interesting how good sense is related to vintage. Now just be sure to use it when you have that chainsaw out and about. Oh, and stay off your roof!!!

Tyler, I know it is fun to have fun when you are young, but what Steve is saying is sooooo acurate. I wish that I would have bought a house when I was in my 20's or even better, started an IRA when I was your age.

I have always dreamed of having a car like this one, but never saw it as acheivable financially when I was younger. Its the accountant in me.

 

Ive already have an IRA and a 401K so thats already all going. Im always trying to look to the future but i also want to enjoy now.