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Old 06-18-2002, 05:27 PM   #1
Fujiwara
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Member#: 17641
Join Date: Apr 2002
Chapter/Region: BAIC
Location: San Leandro, CA
Vehicle:
2000 Impreza 2.5RS
Silverthorn Metallic

Default Hmm...looks like I'll probably be a REAL i-club member later than I thought!

Some of you guys know I've been trying pretty hard to save up for a 'rex in the past few months. My projected date to get a WRX was around next year cuz I thought WRX's are pretty expensive, so I figured I'd have to save up a ****load of money for a down payment. Suby Dude told me to put down 5 G's. So, alright, $5,000 is the goal. One night, I was bored. So I requested a price quote from Albany Subaru through the autotrader.com, just out of curiosity to see what they go for. A day or so later (yesterday afternoon), I recieve a phone call from Albany Subaru.

I called up the internet rep and I told him how much I was looking to spend on monthly payments and I asked him how much are WRX's going for over there. He said from $22k and up for wagons and sedans. So I was just talking to the guy for a while over the phone. I basically told him how much I would pay per month and specified that I wanted a sedan. He gave me a few ballpark figures. I told him how much I wanted to put down and he just said, "Well, you can still manage $450 (the amount I told him I wanted to spend per month) with $2000 down." I told him, "Alright, well, this is just for future references, it'll be a while until I'll buy one cuz I'm still saving up. I was just honestly asking out of curiosity." The dude just said, "Well, that's fine, whenever you're ready, let me know." I dunno, I usually expect salesmen to not take people like me seriously who "aren't really sure" and stand pretty firm on prices and what have you, but Munzer (the dude I talked to) was pretty cool about my situation and gave me a few run downs and a few straight, clear answers, well, of course since his time on the phone IS limited. Not bad for a phone conversation that lasted for less than 5 minutes.

Hmm...$2000-$3000 down and I can manage $450 or less a month. Let's see, at the bank, I'm making around $900 or so a month, during the summer. Then during school, I'll make around oh...I dunno $700 a month or something. What do you guys think?

I'm not gonna buy the car NOW. I still have some things to take care of and before dropping 2G's, I still need a couple more thousand just for backup, like insurance and such. Plus I still need to learn stick again because I only learned it once. Yea, I'm a wuss, my Integra's an automatic. :P
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Last edited by Fujiwara; 06-19-2002 at 02:33 AM.
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Old 06-18-2002, 05:47 PM   #2
Fujiwara
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Also, I would like to add that my mom is doing the "negotiating", even though I hear from you guys that there's no need to from the majority of the good dealerships. However, I'm Chinese and well, you know Asian parents. They don't care if it's already a decent price if they think they can get it even CHEAPER. They'll be obnoxious about it. Well, that's mom for ya. All I know is that she got to talk a Toyota dealership down on the price for a fully loaded Toyota Avalon even though the price for it was pretty firm. She even talked down the prices on our cell phones at Cingular and saved us a couple hundred (Siemens S40 for $20 EACH even though the upgrade plan price they gave us was reasonable enough, those are $200 phones!). @_@

She's the only person I know who can use obnoxiousness as a bargaining tool.
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Old 06-18-2002, 05:54 PM   #3
Javabean2
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I dealt with Munzer as well, and he's willing to go 200-300 over invoice without any kind of pressuring or bargaining at all. No tricks, pretty stand-up guy. I eventually went with the VIP program and got the car at invoice, which he was more than happy to accomodate.

As for whether or not you SHOULD be buying this car...it's not my place to judge, but my advice is it doesn't seem you have nearly enough money to make this kind of commitment. If you're going to school and taking a 60-72 month loan, are you sure you can guarantee making payments for 5-6 years? That's a LONG time.

Rule of thumb is the MAXIMUM you should be paying on a car is half your annual take-home salary. If you live at home and don't need to pay for rent/food, that helps, but how long is that going to last?

In these kinds of situations you don't want to have to work just to support car payments - focus on finishing school, and then you can do whatever you want

Good luck!
Javabean
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Old 06-18-2002, 06:03 PM   #4
Fujiwara
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That's true, that's why I only want HALF of the money I make to go into car payments. Yea, I live with my folks. Maybe they'll help me out with a grand or two and I just fork over 2-3 myself. Then I'll be kosher. Don't get me wrong, I don't get everything fed to me in a silver spoon (metaphorically speaking, hehe). Right now my parents just paid thousands of bucks for my grandmother's funeral, fixing the roof, and we just got a new Toyota Avalon last November. So for now, it'll be a while...but I just thought it was interesting that with $2000 down, I'd still get a reasonable montly payment, which I can afford. I'll probably have $1000 by the end of this month and a grand and a half more (or probably more than that) by the end of the summer. So at least I'm getting a better idea of how to reach my goal. I'll own one someday....
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Old 06-18-2002, 06:04 PM   #5
OwlBoogie
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Mmmmmmmmm, Ramen. Good Luck Takumi!

- Marc
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Old 06-18-2002, 06:56 PM   #6
Fujiwara
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Oh that's a real *****ter. First my car overheated a month ago, so I had the radiator replaced cuz it was cracked. Then there were more minor overheating problems, so the thermostat was fixed, kinda, well, a temp. fix by leaving it out altogether, they replaced some worn out seals that contributed to the problem anyway. I had my master cylinder fixed yesterday (because braking power was non existant on Sunday, so I couldn't drive my car) and got a new CD player today (which failed 4 days ago). So by that time, I thought my car was perfectly fine. Nope, my aftermarket power door locks, after having them for the 3 damned years I've had this piece of ***** car no longer work. After my dad drove it a couple hours ago. I went to my car to get something, so I disarmed the car. That's odd, the doors are unlocked. Then I armed the car again, hey, the door locks aren't locking. So I disarmed it, hopped in the car, started up the engine to see if the doors will lock up. Nope, that's funny, they usually do when I start the car.

Then I came to a conclusion that my door locks are DEAD. So I called up the stereo shop I took my car to get a deck installed this morning to get it checked out. Yea, I was really mad. My mom just yelled at me saying, "We don't have money to help get you a new car! If you don't like it! Walk!" Then my dad goes on a long rant about how everything in my car breaks. This sucks, I'm stuck with this POS, we're dumping ALL this damned money into it to get it fixed and getting nothing, but more trouble back. It's like the car has cursed me and forbids me to buy a new car. This thing is possessed! Man, and to think Hondas/Acuras were f*cking reliable. HA! MY ASS! Not mine! -_-

So much for any good luck...I don't know what I did wrong for karma to kick me in the ass. =/
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Old 06-18-2002, 07:18 PM   #7
Sordid Philosopher
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Quote:
Originally posted by Javabean2
Rule of thumb is the MAXIMUM you should be paying on a car is half your annual take-home salary.
Half my annual take home? Man where is my Z06? That's way more than I can spend, also don't forget your insurance!

Good Luck.
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Old 06-18-2002, 09:51 PM   #8
Bigmike
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If you make on $700/month during the school year and have a $450/month car payment that's not going to leave you much cash. I hate to sound like an old stodgy parent but you will be living life on the edge. What happens if you have an accident? Don't forget you'll have to pay a deductible. If you get a speeding ticket then you'll pay more insurance. For most people, not having a brand spanking new hot rod is one of the trade-offs of being a full time student. Trust me, you'll be happier in the long run if you don't spend well over half your income on car payments.

Also don't forget that at your income level you'll must likely need a co-signor on a car loan.
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Old 06-18-2002, 11:04 PM   #9
Fujiwara
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Silverthorn Metallic

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Well, my mom would be a co-signer, so I'll be fine with that. The WRX is just an idea though and I'd really like one. Thanks for the tips though. You're right about not having the income to supplement the cash for emergencies.

I wonder if I should wait out for a WRX or just look into getting something else that's more in my price range like a GTI 1.8T or something.

Last edited by Fujiwara; 06-18-2002 at 11:12 PM.
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Old 06-19-2002, 02:00 AM   #10
Gerlando
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I'd say you'll probably better off getting something like a 1.8T VW. I'm sure you COULD make the income/debt ratio work for you, but how much are you going to enjoy your car if you can't afford gas once your monthly payment and insurance are paid for?

Not only that, but you've got to think long term. A $450/mo. payment will make it harder for you when you have to move out. Trust me, my wife and I just bought a condo and not having a car payment would have made things a lot easier.

BTW: Those numbers sound right on, I put down about $3k and my monthly payment is ~$440 but I think rates are better then when I bought.

Good luck either way!
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Old 06-19-2002, 02:04 AM   #11
Fujiwara
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If I go V-Dub, I hope you guys won't hate me for it. >_<

VW tuning is a bit out of my league since I don't know much about them in general. I can barely determine the generations. Ah well, since I scour car shop websites, catalogs, and everything, I'm pretty sure I can find everything I'll need for it. H&R coilovers, GReddy exhaust or some custom exhaust system, upgrade the down pipe, intake, Blitz dual timer, Blitz blow-off valve, Garrett chip, get a nice stereo system, then roll it on 17" Superleggras.

Who knows?
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Old 06-19-2002, 02:29 AM   #12
sjt
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the key point was mentioned earlier and i think i should stress...

INSURANCE will destroy whatever is left of that $450 outta $700 per month... I can assure you, you WILL be broke.
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Old 06-19-2002, 02:47 AM   #13
bomberbboy
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My friend is paying the lease on his RSX Type S himself, which is about $350 a month. He works about 20ish hours a week and spends most of his money on car payments, so you can make it work with $700 a month if you really want to. But like others have said, that doesn't leave you with a lot of room if something unexpected comes up (accident?).

And whats wrong with a 2001 2.5RS? I'd love to get one of those when I can afford it. Go GC8!
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Old 06-19-2002, 02:58 AM   #14
Fujiwara
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Well, the thing is, that was my plan at first. A 2000-2001 2.5RS sedan or coupe. Those are reasonably priced and I can definately afford those. However, my friend talked me into going with the WRX route because well, it's a WRX and he thinks I'd be regretting it later down the line by not getting a factory made turbo Impreza.
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Old 06-19-2002, 03:18 AM   #15
bomberbboy
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I personally don't have a problem with going (and staying... unlike *cough* Nik) N/A. I like the GC8 look more anyways, plus it's more of a realistic goal for me. Still looking for a part-time job... does anyone know anywhere that is hiring? I'm not that picky and I just want a job to keep me busy over the summer.

Are you still in high school, Fujiwara? I'm sure there're a lot of better ways to spend your hard earned money than on a car. Well good luck with whatever you decide to do.
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Old 06-19-2002, 03:20 AM   #16
Fujiwara
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Oh man, do I sound like I'm from high school? I don't wanna come off as some immature kid or anything. I'm 21 going onto my 4 year of college at the Academy of Art in San Francisco majoring in new media/computer arts. o_O

Of course I want to spend my money on car stuff. Cars basically own my life! Hehehehe. I've been into tuning stuff since my freshman year in high school 7 years ago. Whoa..7 years being Sport Compact Car/Super Street/Turbo Magazine book worm. I'm a car freak man.

Trust me, there isn't much I'd wanna spend my money on. My social life mostly revolves around cars, Bemani (those Konami music games like Dance Dance Revolution, Beatmania, and stuff), and anime. I don't play video games as much as I used to and I don't own any game systems since I know I won't play with them anyway and I have enough anime stuff that I don't need more useless crap to stash somewhere in my room. ^_^

Last edited by Fujiwara; 06-19-2002 at 03:28 AM.
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Old 06-19-2002, 03:39 AM   #17
bomberbboy
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hey! not all high school kids are "immature'! haha sorry about that fujiwara. i must've confused you with someone else. i'm a... well, not a high school student anymore since i just graduated. I just thought maybe there's someone else around my age on the board. Guess not. I didn't mean to imply that you're an "immature kid". I apologize if you're offended.

Well I guess anime is a good way to divert your attention and not spend too much money! I wish anime had the same effect on me... my brother's been bugging me to finish Slam Dunk, Trigun and Golden Boy for months! The only ones I've ever finished were Initial D and Love Hina. I think I've reached my anime limit already

Last edited by bomberbboy; 06-19-2002 at 03:46 AM.
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Old 06-19-2002, 03:48 AM   #18
Fujiwara
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Ah, so that's what you implied. It's alright. I was kinda worried that I sounded like some newbie kid who has a little car purchasing dilemma since every board has one. I just didn't wanna be that guy. o_O

Yea, anime is great, especially if I'm getting it for free...well, on .avi and .mpeg formats. It really helps me forget about my life's problems and concerns. So I like to just zone out and stare at my monitor all day watching anime. I haven't done that in months. I should really catch up. I think I'll do that sometime this weekend.
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Old 06-19-2002, 11:41 AM   #19
Bigmike
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Heh, I'm an older guy (33) who is somewhat into Anime and has been for..well lets just say a long time.

I haven't kept as current lately and have a question, I haven't watched the Cowboy Bepop series yet. Is it worth getting? The last full series I bought was Neo Genesis Evangelion...loved it.
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Old 06-19-2002, 11:47 AM   #20
suby_dude
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dooooooooooood

what about gas?

sti parts?

dats cutting it tight don't u think?

don't want to have a repo'd rex...

sd

http://www.subydude.com
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Old 06-19-2002, 11:50 AM   #21
HongKongBeef
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Cowboy Bebop is OFF the HOOK! I LOVE that series.. Its so.. different.. the style of it. Who woulda thought of a Space Western could work so well??!! whoever did is a genious.
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Old 06-19-2002, 01:20 PM   #22
Ayapon
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Thumbs up

I HIGHLY recommend Cowboy Bebop. Definitely good stuff.

-Aya
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Old 06-19-2002, 01:34 PM   #23
bomberbboy
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Yep my brother's been bugging me about Cowboy Bebop and Evangelian (sp?) too... argh I just don't have as much time as him to stare at the computer all day long.
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Old 06-19-2002, 01:42 PM   #24
BADWRX
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Well Fuji man. Here is the scoop:

NEVER negotiate a car based on your monthly payment...NEVER!!!

I paid zero down on my WRX (I had 5k to drop, but well...you've seen my car...I wonder where that 5K went and a whole lot more )

I am in a 5 year loan at, i think 7.5 percent. I got screwed 2 ways...I bought my car off of the first boat, so I paid MSRP...flat MSRP for the car and worthless options (IE CF Interior, speaker upgrade, yada yada yada, oh year, and that other worthless waste of exess weight...the rear diff. protector that is sitting in my garage now! ), and I bought the car in March...before interest rates hit the cellar

I have an 11 dollar a month gap policy.

My total car cost with Tax and License was $28,XXX. That is alot considering what you can get them for today. I did not buy any xtended car warranty or any of that crud.

My monthly payment is $510.00.

So, my point being. Procure your financing at a Credit Union, or other lending institution, and then negotiate for the Total price of the car. Do not fall for any of the dealers scams like the extended warranty, paint protectand, or any of that. and them get a loan...for the total out the door amount minus your down payment.

I can almost guarantee that you are can get that car cheaper them 450 a month!

Oh ya...SCREW THE GERMAN GARBAGE!!! Get something with a "J" VIN Number!!! That is an order!

:JDM POWER

GET A WRX!!!

Peace,

Andy:cool
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Old 06-19-2002, 10:11 PM   #25
Fujiwara
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Silverthorn Metallic

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Ah..yes, that's true Andy. I was reading some buying tips on the board. Someone said that the monthly payments don't really matter too much if the final cost of the car sucks ass. Someone mentioned that the best thing to do is to get the lowest final cost rather than the lowest payments you can get. I'll look into getting pre-approved at a credit union, of course, I'll have my mom help me co-sign since her credit is perfect and well, mine is perfect, if not real close to perfect.

If I go this route, how much SHOULD I borrow? I'm planning on puttin' down $4-5k.
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