Welcome to the North American Subaru Impreza Owners Club Sunday March 26, 2023
Home Forums Images WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Go Back   NASIOC > NASIOC General > General Community

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.







* As an Amazon Associate I earn from qualifying purchases. 
* Registered users of the site do not see these ads. 
Reply
 
Thread Tools Display Modes
Old 10-18-2004, 07:31 PM   #1
Holograph
Scooby Newbie
 
Member#: 22252
Join Date: Aug 2002
Vehicle:
2002 WRX - Sedan
WR Blue

Default Should I trade my 02 WRX in for an STi?

Hey all, here's the scoop.

1) I can get a lower APR than my current loan on a new car since I am pre-
approved for a really low rate thru my current insurance provider.

2) Since the Subaru dealers are promoting "guarunteed tade-in values" on Soobies with less than 50K miles and in good condition (advertising boasts $15,700 trade), I could get an automatic down payment of about 3,500 bucks on my STi since I owe about that much less on my current loan.

3) Considering those factors, I could match or beat my current car payment and have a brand new, much faster STi vs. my 02 WRX, but of course, I would owe money on the loan for a much longer duration, since I am currently over half way through this one, but would start over with a new one if I got my STi

So, the question is, do I do it or not?

I ask this because I wanted to know if any of you have had any experiences with the "guarunteed trade-in values" and if any of you might know if there are some tid-bits of news out there that something better than the current STi might just be a year or so away...any thoughts?

Thanks!
* Registered users of the site do not see these ads.
Holograph is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 10-18-2004, 07:51 PM   #2
Brad Pittiful
Scooby Specialist
 
Member#: 34931
Join Date: Apr 2003
Chapter/Region: Tri-State
Location: Eagles are ****ing
Vehicle:
. Super bowl LII
Champions!

Default

go for it and pay extra each month...thats how i paid off my 5 year loan in 2 1/2 years on my MY00 RS
Brad Pittiful is offline   Reply With Quote
Old 10-18-2004, 07:52 PM   #3
NM02WRX
Scooby Newbie
 
Member#: 69325
Join Date: Aug 2004
Location: Albuquerque, New Mexico
Vehicle:
2002 WRX (c. - soon)
White (comming soon)

Default

well it looks like it all goes down to, Do you wanna keep making payments?

if the payments are going to be lower than what you were paying on your 02 WRX, i say go for it bro. But you cant mod the STI or anything so if you were wanting to mod your 02 wrx, and you get the STI instead, you can say good bye to that.

you should make this a poll tho.
NM02WRX is offline   Reply With Quote
Old 10-18-2004, 07:58 PM   #4
Trunk_Monkey
Scooby Specialist
 
Member#: 71032
Join Date: Sep 2004
Chapter/Region: MWSOC
Location: NW Chicago Burbs
Vehicle:
2003 WRX
World Rally Blue

Default

Trunk_Monkey is offline   Reply With Quote
Old 10-18-2004, 08:07 PM   #5
lowendfrequency
Scooby Newbie
 
Member#: 69139
Join Date: Aug 2004
Location: Binghamton NY
Vehicle:
2004 WRX STi
Aspen White

Default

I'd say do it. I just sold my celica recently to purchase an STi and I had to find a private buyer just to get what I owed on the loan (still lost out on mods). If you have the opportunity to trade in (bypassing the hassle of selling privately) AND get above what you owe on the car, all while keeping the payments the same... then jump on it.
lowendfrequency is offline   Reply With Quote
Old 10-18-2004, 08:44 PM   #6
sonicsuby
Scooby Specialist
 
Member#: 34162
Join Date: Mar 2003
Location: Sacramento, CA
Vehicle:
2005 WRX wgn, 01 RS
White, White

Default

My roomate just did the trade in. He's got a shiny new white STi in the garage. DO IT.
sonicsuby is offline   Reply With Quote
Old 10-18-2004, 10:44 PM   #7
Rev
Scooby Specialist
 
Member#: 9681
Join Date: Aug 2001
Location: NY
Vehicle:
2017 Santa Fe Sport
White

Default

I don't see how your payments are going to be lower with the amount you owe on your car. lf it is only a $3500 down payment ont he STi that is nothing on a 30K car. So your payments will be higher.

So you would be trading for higher payments and another what, 4-5 years of paying the loan. I don't know about you, but I am looking foward to not making my heafty monthly payment in July. Consider where you are going to be in a few years. Maybe you'll be buying a house, maybe you knocked some girl up, or whatever costs life throws at you. Will you want a big payment then?

Also consider the insurance will be more expensive too.
Rev is offline   Reply With Quote
Old 10-18-2004, 11:02 PM   #8
Holograph
Scooby Newbie
 
Member#: 22252
Join Date: Aug 2002
Vehicle:
2002 WRX - Sedan
WR Blue

Question back and forth

Because of the lower APR and the down payment, all financial calculators indicate I would pay the same if not lower per month than I am now, or I could at least arrange that by playing with the down payment a bit here and there...

As for expenses, I am doing just fine now, and actually just recently signed a new salaried position, so income/expenses are well under control.

I was mainly asking to see if current STi owners think the upgrade is worth it and if, like I said, I would be drooling over some newer model released just after I get my STi because of some soon-to-come but unknown release of a new and improved STi. So far, I have only seen the rumors about the 2007 STi, but that's still a ways off, ya know? So yeah, I don't really know what to do. LOL

EDIT: Wow, for some reason, I didnít notice all the previous posts on this thread! Thanks for the info, everyone. I am still mulling it over, but the bottom line is that I could have my STi with nothing more than a longer duration of payments that will be an equal or lesser amount and of course, slightly higher insurance. The "guaranteed trade-in" price is currently $3,429.63 higher than what I owe on my loan. Plus, the offer comes with $500 dollars in Subaru bucks, so I could use those as well.

Last edited by Holograph; 10-18-2004 at 11:11 PM. Reason: unnoticed posts!
Holograph is offline   Reply With Quote
Old 10-18-2004, 11:05 PM   #9
Needles
Scooby Specialist
 
Member#: 19075
Join Date: May 2002
Chapter/Region: Tri-State
Location: Long Island,NY
Vehicle:
06 OBS STi
MSPT Tuned Stg2

Default

If you can deal with he paymennts,go for it.
Needles is offline   Reply With Quote
Old 10-19-2004, 04:10 AM   #10
excessive03
Scooby Newbie
 
Member#: 70141
Join Date: Sep 2004
Location: Los Gatos, CA
Vehicle:
2004 WRX STi
World Rally Blue

Default

Double check the insurance. It can be quite bad on Sti's.
excessive03 is offline   Reply With Quote
Old 10-19-2004, 07:31 AM   #11
Strictly Driven
Vendor
 
Member#: 38894
Join Date: Jun 2003
Location: Chicago, IL
Vehicle:
2005 Impreza WRX STi
Crystal Gray Metallic

Default

I went for it. My 03 wrx had almost 40,000 miles on it, kbb was just about $14,000. The dealer gave me $17,350 for the wrx and took the sti for invoice ($31,100) with couple options. Got 4.59 % financing for 60 months so my payments are like $393.10 a month.

Would I do it again? Definately.

Luke K
Strictly Driven
http://www.strictlydriven.com
Strictly Driven is offline   Reply With Quote
Old 10-19-2004, 10:51 AM   #12
tux
Scooby Newbie
 
Member#: 40949
Join Date: Jul 2003
Chapter/Region: Tri-State
Location: nj, usa
Vehicle:
2015 fxt
bl ack

Default

dealer offered me 100% reinbursement on my 03 wrx (less than 30k and fully paid off). I was thinking sti route, but that depends on my loan apr and whatnot... as the insurance will be 443$/month on a sti for a poor under 25 yr old nj resident MALE

oh if i was female they told me 200$/month for insurance.... i wonder why the car dealers are so inclined to make every man want to get surgery to be a woman for cheap insurance ;D.... oh and free drinks at bars ;D
tux is offline   Reply With Quote
Old 10-19-2004, 03:14 PM   #13
Holograph
Scooby Newbie
 
Member#: 22252
Join Date: Aug 2002
Vehicle:
2002 WRX - Sedan
WR Blue

Thumbs up

LOL Yeah, Im thinkin I may move on it...I'll let you ll know if I do.
Holograph is offline   Reply With Quote
Old 10-19-2004, 03:30 PM   #14
sonicsuby
Scooby Specialist
 
Member#: 34162
Join Date: Mar 2003
Location: Sacramento, CA
Vehicle:
2005 WRX wgn, 01 RS
White, White

Default

Quote:
Originally Posted by Holograph
EDIT: Wow, for some reason, I didnít notice all the previous posts on this thread! Thanks for the info, everyone. I am still mulling it over, but the bottom line is that I could have my STi with nothing more than a longer duration of payments that will be an equal or lesser amount and of course, slightly higher insurance. The "guaranteed trade-in" price is currently $3,429.63 higher than what I owe on my loan. Plus, the offer comes with $500 dollars in Subaru bucks, so I could use those as well.
lets see:

new? check.
faster? check check.
cooler? check.
same monthly payment? check.

winner winner.
sonicsuby is offline   Reply With Quote
Old 10-19-2004, 04:34 PM   #15
Thumper23
Scooby Specialist
 
Member#: 11571
Join Date: Oct 2001
Chapter/Region: RMIC
Location: Park City, UT
Default

I did

I got a better APR, my monthly payments went up a $100 (no big deal), and the opportunity was there. So I did it. Still happy.
Thumper23 is offline   Reply With Quote
Old 10-19-2004, 05:25 PM   #16
Corn-Picker
Scooby Specialist
 
Member#: 8679
Join Date: Jul 2001
Location: Morgantown, WV
Vehicle:
2010 The most hated
vehicle on the internets

Default

Monthly payment isn't that important, your debt (how much you still owe) is what counts in my opinion.

The STi can get expensive quickly. Every 15,000 miles (or less if you auto-x and drive agressively) you are going to need new tires. It's about $900 to order new tires and have them installed. The RE070s are completely unacceptable on snow, so you're going to need Blizzak WS-50s, which are about $650 installed and shipped. If you bend or curb a rim, they are about $400 each ($700 each OEM). Being that the stock BBS rims are so expensive, you'll probably want some winter rims, thats another $600 if you get the absolute cheapest wheels possible. You're going to need new brake pads eventually too, about $325 for the set if you look to less expensive than OEM aftermarket pads. These costs are in addition to the cost of 94 octane, which you will consume fairly quickly at 18 mpg.

The cost of repair, operation, and maintenance for the STi is much higher then for the WRX, trust me, I've owned both. When I curbed a rim or two in my WRX playing Solberg in a snowy parking lot, I got some takeoff rims from tirerack for $50 each and some RE-92s for the cost of shipping. When I did something similarly stupid in my STi, I bent/scratched a few $400 rims, fragged some $200 tires, and bent a ~$200 forged aluminum control arm. What cost me $300 to repair on my WRX cost me $1500 to repair on my STi.

Apparently I am the luckiest man alive when it comes to insurance. As a 24 year old male (with one speeding ticket) living in a top-10 insurance premium state (West Virginia), I payed $1600 a year for 100/300 full coverage on my STi through Erie Insurance. The reason I upgraded to the STi was because my WRX was rearended and badly damaged, so I had ~$4000 "extra bargaining power" from trading in a wrecked car.

The STi is certainly worth the 8k premium over the WRX, the only question is can you afford the additional costs of ownership, and do you really need/want what the STi offers?
Corn-Picker is offline   Reply With Quote
Old 10-19-2004, 06:59 PM   #17
smash0r
Scooby Newbie
 
Member#: 9676
Join Date: Aug 2001
Location: Thousand Oaks, CA
Vehicle:
2005 Impreza WRX STi
Crystal Gray Metallic

Default

Is your '02 bone stock?

Mine wasn't...dealer balked on the guaranteed trade in (only suspension work, engine/drive train was untouched)

That said...I went for it havn't looked back. my wrx was free and clear though, so the down payment was a bit more sizable than what you're looking at.
smash0r is offline   Reply With Quote
Old 10-19-2004, 07:06 PM   #18
joey1313
Scooby Specialist
 
Member#: 53839
Join Date: Jan 2004
Chapter/Region: South East
Location: Cartersville, GA
Vehicle:
2005 STi, 95 Impreza

Default

I hope they offer the buy back for 04's next year.
joey1313 is offline   Reply With Quote
Old 10-19-2004, 07:55 PM   #19
projectrally
Scooby Specialist
 
Member#: 53916
Join Date: Jan 2004
Chapter/Region: NESIC
Location: South Portland, Maine
Vehicle:
16 19 ND RF / 818s
Soul Red/ Gel coat red

Default

do it, doug!

(reference to Mallrats)
projectrally is offline   Reply With Quote
Old 10-20-2004, 03:50 AM   #20
happyparrot
Scooby Newbie
 
Member#: 61896
Join Date: May 2004
Location: Kirkland, Wa.
Vehicle:
1998 2.5rs S/C
RBP

Default

Yes you should.
happyparrot is offline   Reply With Quote
Old 10-20-2004, 10:29 AM   #21
dubba you are ex
*** Banned ***
 
Member#: 59591
Join Date: Apr 2004
Location: Los Angeles
Vehicle:
$100 Up/Downpipe
Installs PM me!!!!!!!!!!!

Default

if you can afford it go ahead, the wrx is already a great car. you have a good problem which is rare
dubba you are ex is offline   Reply With Quote
Old 10-20-2004, 12:56 PM   #22
Rev
Scooby Specialist
 
Member#: 9681
Join Date: Aug 2001
Location: NY
Vehicle:
2017 Santa Fe Sport
White

Default

Go for it. You don't seem to care about he bottom line and how much interest you will pay in the end. That is obvious by the amount you still owe on a 02 WRX. So get the STi, tack on more interest payments. I figure $3500 down on a $32K car with a 60 month loan has to be somewhere around $5000 in interest payments, no matter how good your rate is. But as long as you can make the montly payments it is a good move right?

I know I sound like a jerk, but I realize now that so many people are driving around in STis because they are financially irresponsible. I have seen countless posts in OT to the effect of "I lost my job, now what the hell am I going to do?" Meanwhile they have nothing in the bank and a 30K car sitting in their driveway that they are totally upsidedown on.

Last edited by Rev; 10-20-2004 at 01:08 PM.
Rev is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading My 06 WRX Taillights For an 04-05 pr4life750 Exterior/Styling 3 05-31-2007 12:33 AM
Trade my 02 wrx wagon for an 03 Forester XS? donimo Forester Forum 7 06-14-2006 12:28 PM
WTT my 02 wrx hood for an 02/03 RS/TS hood PSM wkw NWIC Private Classifieds 1 02-27-2006 02:08 PM
Trade - my 04 WRX + Cash for your STI blue_thomas Private Vehicle 'For Sale' Classifieds 0 09-04-2004 08:05 PM
anyone want to trade my 02 wrx hood for a 02 rs hood STEALTH-WRX Interior & Exterior Modification 22 08-07-2001 01:08 PM

All times are GMT -4. The time now is 04:37 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2023 Axivo Inc.
Copyright ©1999 - 2019, North American Subaru Impreza Owners Club, Inc.

As an Amazon Associate I earn from qualifying purchases.