I was reading, and Mitsubishi has a 0% interest, 0 payments for a year on most of their cars. I was thinking, I can trade the '00 S2000 in, take a slight loss on my payoff, but then get a $15K lancer. With no payments for a year I'd be saving money, have lower insurance rate, and I could pay the whole thing off quicker. Then in 3 years I'd be left over with a daily driver and then I could wait another year and save some money and then purchase a used turbocharged+AWD car (not sure on what I want, yet).

What do you guys think? Sound like a good idea or should I stick with the S2k? The only problem I'd have would be I'd miss the convertable on sunny days, and RWD when I autocross

 

The problem you need to watch out for with the no payments for a year is that after a year you still owe the full value financed but the car itself has depreciated quite a bit. I would think a Lancer probably would have a pretty decent amount of depreciation compared to a civic or S2000 so watch out. Plus, you're stuck driving an underpowered economy car instead of a great roadster. I don't know your situation, but I sure wouldn't do this. Pick up a used civic if you want a beater. That's what I have and it's great.

Mark

 

I just noticed you're #26 on the board. I must have beat you by five minutes!!!