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Old 10-28-2020, 02:12 PM   #2901
chanomatik
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I absolutely love the IS350. Happy and jealous I am.
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Old 10-28-2020, 03:25 PM   #2902
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Originally Posted by Sid03SVT View Post
I got rid of my 2006 WRX wagon back in November 2019 for just that reason, but when I test drove a new STI, I wasn't into it. It wasn't noticeably quicker than my 15 year old (modified) WRX, the ride was harsher than my 06, which had full suspension under it. It felt like a horizontal move, or in reality a backwards move because it was a sedan instead of a wagon with no benefits other than being newer.
I've been in my IS350 since January... it's been 10 months of trouble free motoring, haven't even done an oil change yet, just put gas in it and drive... nothing has broken, squeaked, squealed, or given me cause for concern... Had I kept my WRX I would have done a driveline swap by now (5spd wasn't happy) likely had to replace a ball joint, wheel bearings, head gaskets, or some other items that gave out due to age and/or mileage.
I'm not saying a Lexus is right for you, but I am suggesting looking outside of Subaru.
IF I could have found a blue or red low mileage, reasonably priced example of stock 2014 STI hatch, I might have gone that way, but that is a combination that just doesn't exist in the wild, and they were commanding a higher MSRP than 15+ used models anyways.
Looked @ the IS350AWD, out of my price range for now. Undeniably a great car of which I want.



Quote:
Originally Posted by 4S-TURBO View Post
Yeah, I'd go for a discounted 2020. No sense in money pitting an old model if you can just replace your sedan with a newer model. Unless you really want the FA24DIT.
Yeah, don't mind not getting the FA24DIT. As of now, there are a few quotes I received if STi's still in transit around 33,***. Trying to get it lower.
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Old 10-28-2020, 03:59 PM   #2903
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Originally Posted by fredzy View Post
I would say that if totaling your $40k car (very easy fraction of a second mistake on track) and having the insurance company tell you "sorry, you're SOL" would be a major life setback, you shouldn't track your car.

I made this very assessment when deciding against taking my Z to the track back in the day. Risk/reward was too extreme. Auto-X is much safer bet, very little risk of a problem there.
HPDE insurance has become more and more affordable over the years. If totalling the car you are tracking would be a major life setback, it's probably a good idea. I've been quoted around $150 for my STI for a track day (with some volume discounts available).

But I generally agree that you should probably not track anything you can't afford to total without compensation. Even Auto X isn't necessarily risk free. Some courses have barriers or light poles that can still be hit. I had a serious pucker moment many years ago doing AutoX in heavy rain where I nearly hydroplaned off the course and into a barrier (regained control just in time). Knock on wood, I've never had a close call on track.

Anyhow, I don't see the point of the STI if you aren't going to do some sort of performance driving. I know plenty of people buy them to putter around, but most probably would have been happier in a WRX.
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Old 10-28-2020, 10:42 PM   #2904
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Originally Posted by murrdogg24 View Post
I wouldn't say the STI is terrible on track, I've only took it racing 2 times and I'm placing 7th out of 14 in my class, on stock tires. Only mods are swaybars, DP, AP and CF driveshaft and GrpN bushings.




*It's worth noting 1st in my class is an automatic trans lol
404 Track not found. Please do not confuse autox with "track" and I'm ashamed no one has yet called you on it.

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Old 10-28-2020, 11:02 PM   #2905
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I swear you guys in here have the absolute worst reading comprehension....I never said I did track days....I said that the STI wasn't terrible on the track. Yes the events I did were like a timed autox but were on the infield course of Pikes Peak International Raceway(PPIR), not a parking lot like most autox courses...try again kC
See the rumble strips.....

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404 Track not found. Please do not confuse autox with "track" and I'm ashamed no one has yet called you on it.

--kC

Last edited by murrdogg24; 10-28-2020 at 11:09 PM.
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Old 10-28-2020, 11:11 PM   #2906
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Originally Posted by JP Chestnut View Post
$40,000 isnít an expensive car. Itís right in the sweet spot of a middle class family.
Considering the median salary in the USA is just under $20/hr and $40k a year, $40k is extremely expensive for a vehicle. Just because you can afford the monthly payment doesn't mean you can really afford the car. A general rule of thumb is to not spend more than about 30% of your yearly salary on a car. People seem to want to work until they're 90 and be broke when they retire i guess.

Last edited by h3llsp4wn; 10-28-2020 at 11:51 PM.
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Old 10-28-2020, 11:33 PM   #2907
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Edit*

Last edited by h3llsp4wn; 10-28-2020 at 11:43 PM.
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Old 10-29-2020, 12:35 AM   #2908
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I didnít realize there were so many poors on here. Any kids who are reading this should make sure to stay in school and pick either a skilled trade or a useful major at a top 20 university. Then you too can afford a $40,000 car.
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Old 10-29-2020, 12:37 AM   #2909
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That's why they said Subaru is the new Honda lol

Quote:
Originally Posted by JP Chestnut View Post
I didnít realize there were so many poors on here. Any kids who are reading this should make sure to stay in school and pick either a skilled trade or a useful major at a top 20 university. Then you too can afford a $40,000 car.
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Old 10-29-2020, 10:07 AM   #2910
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Originally Posted by JP Chestnut View Post
I didn***8217;t realize there were so many poors on here. Any kids who are reading this should make sure to stay in school and pick either a skilled trade or a useful major at a top 20 university. Then you too can afford a $40,000 car.
online sex worker is a respectable thing as well these days, so even if school isn't for you, plastic surgery and an only fans site can maybe vault you into the anals of the Internet.

yes, I know the difference between annal and anal. that's the joke. it's a pun. ha ha ha.
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Old 10-29-2020, 10:43 AM   #2911
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Quote:
Originally Posted by JP Chestnut View Post
I didnít realize there were so many poors on here. Any kids who are reading this should make sure to stay in school and pick either a skilled trade or a useful major at a top 20 university. Then you too can afford a $40,000 car.
name on the university is meaningless. What you major in is what matters. I went to a small Louisiana school, and it did not stop me from getting a job at Boeing and then NASA. It is what you learn and how well you learn it. Work ethic kind of helps as well. But the name on the school is just fluff.

I have worked with really useless MIT grads. Could not solve the simplest problems and could not work without constant supervision. Give me a hard worker from a no name school any day over a big name university who paid for grades.
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Old 10-29-2020, 11:46 AM   #2912
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Quote:
Originally Posted by JP Chestnut View Post
I didnít realize there were so many poors on here. Any kids who are reading this should make sure to stay in school and pick either a skilled trade or a useful major at a top 20 university. Then you too can afford a $40,000 car.
You can afford $40k car? Cash?
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Old 10-29-2020, 12:18 PM   #2913
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Originally Posted by SCRAPPYDO View Post
name on the university is meaningless. What you major in is what matters. I went to a small Louisiana school, and it did not stop me from getting a job at Boeing and then NASA. It is what you learn and how well you learn it. Work ethic kind of helps as well. But the name on the school is just fluff.

I have worked with really useless MIT grads. Could not solve the simplest problems and could not work without constant supervision. Give me a hard worker from a no name school any day over a big name university who paid for grades.
I'll take it a step farther.

I have been hiring, and promoting people for over 10 years.

when I am looking at a resume to hire someone, if I see college on the resume, I only care to see if you finished, which why would you put it on there if not. so all that degree does is says: finishes what he/she starts.

when I'm promoting someone, or recommending them to be promoted, I don't even remember if they have that degree or not. I am going to push for promotion based upon what they are doing, not what they may have accomplished before they worked for me. do your job, and show that you are ready for the next step and you'll get there regardless of anything else.

the antiquated approach that HR teams take by setting gates around a college education is silly. I have long since rewritten the job descriptions I am responsible for to make college only a recommended and not a requirement. when promoting into a role where the job description says college is mandatory it usually is only a piece of red tape that I have to cut through to make sure the right person is put in the position.

but hey if you have 40k to spend on a car, that new sti and wrx are probably gonna suck anyway, so, buy a very lightly used brz instead, and then take the leftover 25k and buy a daily driver.
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Old 10-29-2020, 01:58 PM   #2914
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well said Sam! Well said. The cost of information is essentially Zero. We need to break the backs of these government funded colleges and start hiring based on skill not a piece of paper WHERE POSSIBLE. I can teach anybody engineering or accounting with course from USC or many other classes from freshman to graduation for free. The information is free. The degree costs you 120000 dollars. Something is broken there. But I digress
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Old 10-29-2020, 02:05 PM   #2915
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some guy on fb group posted a picture of their burned Foz at the track, according to him he has insurance. Just funny that we were talking about taking cars to the track and talking about bad outcomes lol
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Old 10-29-2020, 02:07 PM   #2916
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Originally Posted by h3llsp4wn View Post
Considering the median salary in the USA is just under $20/hr and $40k a year, $40k is extremely expensive for a vehicle. Just because you can afford the monthly payment doesn't mean you can really afford the car. A general rule of thumb is to not spend more than about 30% of your yearly salary on a car. People seem to want to work until they're 90 and be broke when they retire i guess.

Keep in mind that the demographic of someone buying a *new* car is considerably higher hearning than the population as a whole. Most people in the bottom half of the income ladder are buying used or riding public transit. Of those who are buying a new car in the first place, the majority are just looking for reliable transportation and don't have the luxury of thinking about performance.

Like it or not, performance vehicles are luxury goods and it's no surprise they don't match the budget of your average consumer.
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Old 10-29-2020, 02:09 PM   #2917
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Originally Posted by 4wdwrx View Post
You can afford $40k car? Cash?
I wouldn't do that even if I could.
Better to put down a sizable down payment (say $10K) and take a loan out for $30K (at 0% APR if offered but even current rates are low enough).
I keep my remaining $30K invested and working for me; hopefully, returning more money than I'd be paying on that $30K auto loan.
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Old 10-29-2020, 02:14 PM   #2918
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Originally Posted by SCRAPPYDO View Post
name on the university is meaningless. What you major in is what matters. I went to a small Louisiana school, and it did not stop me from getting a job at Boeing and then NASA. It is what you learn and how well you learn it. Work ethic kind of helps as well. But the name on the school is just fluff.

I have worked with really useless MIT grads. Could not solve the simplest problems and could not work without constant supervision. Give me a hard worker from a no name school any day over a big name university who paid for grades.
So much of this depends on the field. Sounds like you are an engineer. Engineering tends to be a much more egalitarian field when it comes to school choice. Medicine is similar.

By contrast, fields like consulting, law, and banking are EXTREMELY snobby when it comes to the school you attended. You won't even get an interview with Mckinsey, Sullivan & Cromwell, or Goldman Sachs for a front office position unless you went to a select number of target schools. And working your way up from the bottom isn't really an option in these fields- there's very few ways to get ever get relevant experience if you don't get an entry level position. These are also positions that pay well into the six figures right out of school.

Not saying the school snobbery is a good thing, but it is the way it is.
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Old 10-29-2020, 02:17 PM   #2919
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Originally Posted by neg_matnik View Post
I wouldn't do that even if I could.
Better to put down a sizable down payment (say $10K) and take a loan out for $30K (at 0% APR if offered but even current rates are low enough).
I keep my remaining $30K invested and working for me; hopefully, returning more money than I'd be paying on that $30K auto loan.
Personally, I pay cash for all my cars. The amount I could finance is not material in the context of my overall investments, and I prefer to avoid the hassle of a car payment.

0% financing is typically in lieu of cash back, so the interest is substantively just prepaid. Market returns are not risk free, but foregone interest payments are the same as a tax-free risk-free return. No short-dated investment grade tax-free bond is going to pay anywhere near what a market auto loan will.
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Old 10-29-2020, 03:09 PM   #2920
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Never tell them you'll pay cash !! $$
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Old 10-29-2020, 03:39 PM   #2921
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Originally Posted by nealric View Post
Personally, I pay cash for all my cars. The amount I could finance is not material in the context of my overall investments, and I prefer to avoid the hassle of a car payment.

0% financing is typically in lieu of cash back, so the interest is substantively just prepaid. Market returns are not risk free, but foregone interest payments are the same as a tax-free risk-free return. No short-dated investment grade tax-free bond is going to pay anywhere near what a market auto loan will.
I understand your point of view. However, for the past 6~7 years some automakers have been providing both cash discounts *and* 0% financing.
It's not necessarily an either-or situation.
Also, why do we have to stick to short term investments? Shoving money into a retirement account is also a pretty good alternative (albeit, not risk free either).
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Old 10-29-2020, 03:44 PM   #2922
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Originally Posted by neg_matnik View Post
I understand your point of view. However, for the past 6~7 years some automakers have been providing both cash discounts *and* 0% financing.
It's not necessarily an either-or situation.
Also, why do we have to stick to short term investments? Shoving money into a retirement account is also a pretty good alternative (albeit, not risk free either).
I already max out my retirement accounts (plus HSA and 529s for the kids). I shoot for an 80/20 allocation of stocks/bonds. Money not spent on interest is equivalent to the bond allocation.

There's no free lunch on 0% financing. The dealer isn't financing you for free. Subaru isn't financing for free. Anything they do to buy down the interest rate could be going towards a purchase price adjustment. Of course, that may not be an option actually given to the consumer. But it's rare you get the absolute best cash price AND 0% interest. I've never come across it anyways. Cars like the STI almost never get big incentives.

I also prefer cash because it keeps me honest. It's really easy to overspend when it's not coming from your wallet right away.
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Old 10-29-2020, 04:23 PM   #2923
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Originally Posted by nealric View Post
I already max out my retirement accounts (plus HSA and 529s for the kids). I shoot for an 80/20 allocation of stocks/bonds. Money not spent on interest is equivalent to the bond allocation.

There's no free lunch on 0% financing. The dealer isn't financing you for free. Subaru isn't financing for free. Anything they do to buy down the interest rate could be going towards a purchase price adjustment. Of course, that may not be an option actually given to the consumer. But it's rare you get the absolute best cash price AND 0% interest. I've never come across it anyways. Cars like the STI almost never get big incentives.

I also prefer cash because it keeps me honest. It's really easy to overspend when it's not coming from your wallet right away.
I hear you; and yes, it's true Subaru doesn't usually need to offer incentives to move inventory.
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Old 10-29-2020, 04:31 PM   #2924
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I also recently started maxing out my 401K.
Needless to say, I should probably stop waiting for the new STI reveal and just enjoy my Forester for 10 more years.
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Old 10-29-2020, 05:58 PM   #2925
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Originally Posted by murrdogg24 View Post
I swear you guys in here have the absolute worst reading comprehension....I never said I did track days....I said that the STI wasn't terrible on the track. Yes the events I did were like a timed autox but were on the infield course of Pikes Peak International Raceway(PPIR), not a parking lot like most autox courses...try again kC
See the rumble strips.....
Quote:
I wouldn't say the STI is terrible on track, I've only took it racing 2 times and I'm placing 7th out of 14 in my class, on stock tires
I'm not the one with the reading comprehension issue. You're the one that said you took it on track/racing. Autox on an infield, slowed down by cones, is not on track, when you are at speeds lower than usually seen on tracks. Also, want me to get in on the term "racing"? (Tosses Solo Rules your way). Please point to me in the rules where it says autox is racing. It's a timed competition, but it's not racing... they actively avoid using the term. I have also participated in an autox, at Stafford Springs, CT, won the class in my BRZ, but I would never say it was "on track racing".

I know you're new to it. But please... just take it as a learning experience and go to more events and have fun. Most of us here know the difference between it all.

--kC (Past National Solo/ProSolo national champ, lost count of trophies)
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