Why not just wait to pay it off and then buy another car likea toyota prius thats what i am gonna do.. or a motorcycle..

i got a killer deal on my 8 =]]

7.9 interest rate! 2K Down payment..

35K out the door fully loaded (except navigation) and the appearence package..

100K/6yr extended warranty.. but i pay 624 a month =[[[[

but im happy just as long as the interest rate is pretty decent..

I cant imagine losing money on my car.. they make it seem like your getting a deal but your not..
it slike covering up a wound with a bandaid..

 

7.9% interest rate is not a killer deal at all.

(not to be a dick or anything)

 

You're only thinking about it from your perspective. What if you had a commute that was 55 miles to work roundtrip everyday. So you had to fill up every two days. Thats 26 bucks versus 52. 2.5 times a week... thats 65 vs 130 a week. Take off 2 weeks of vacation a year. That's 50 weeks of that. 3,250 vs 6,500 dollars a year. Not including trips, not including errands. Not including driving the car quickly.

These are very real circumstances for people.

 

Some people dont want to pay insurance for two cars.

 

Again, a 15mpg car was never a good idea to begin with. If I was looking for a commuter car, the 8 never would have been an option. And as a trend, gas has never gotten cheaper, so this should have been taken into consideration as well. I would never buy this car if I had to fill it up every other day. Especially not with all of the less expensive and much more practical alternatives.

It shouldn't have taken $4/gallon gas prices for anyone to come to this realization.

 

Sometimes insurance for two cars is cheaper.... sometimes.

 

Yea it may not be a killer killer deal but it sure is better than most.

after finacne charges the car came up to around 44K I o nly owe about 18-19K left.. SOO im happy a little more and shell be done getting paid for.

 

I pay 464 bucks every 6 months totaling around 900 a year.

Full coverage ALLSTATE BABY

What car would you guys get if your 8 was fully paid off?

I vote

TOYOTA PRIUS! Id like a black one pleaaase!

 

While once could conclude that gas prices would ascend, in 2003 or 2004, no one thought gas would be what it is now. I didn't. If you did, then seriously good for you.

He may have didnt want to own two cars so he could commute in a sports car and it be ok. Times have changed and it caused him to reevaluate.

It's really not that crazy... in this instance.

 

Is this a joke? The tC doesn't even come CLOSE to the amount of fuel our cars burn. My friend drives one and fills up maybe every two weeks if he drives a lot. I'm lucky as hell to get a week out of our pathetic gas mileage.

 

This guy seemed rational. He wanted to give up his 8 after years of having issues with it and getting sick of the "**** poor" fuel efficiency especially in our declining economy. That's completely understandable.

But to go from an 8 to a Scion? Are you shitting me?

That's what I call an EXCESSIVE overreaction. I hope he never plays the stock market.

 

its funny how everyone thinks they know everyone elses circumstances when it comes to trading in.

 

Trading in a car is a guaranteed way to get screwed than if you sold it yourself. Dealers give you squat compared to what the car is worth.

Either way, getting into even more debt is the opposite of saving money.

 

Can you mention a single occurence of someone getting a good deal when trading in?

Also a Prius is gonna save you money in the short run, but since they look like a boiled egg they are gonna fall in value in 3 years when nobody wants one and they all have to destroyed

 

I may be selling my 04 RX8(its an Auto) because of a lack of power. I am only getting about 15 MPG and i want something with a warranty and a car i can keep for awhile(i will be out of college in about 2-3 years).

Im not too worried about gas, i just hate the fact that the RX8 gets such little power for the amount of gas it uses(Im not a tuner). Yes i know it is not a straight line car and i knew the facts about an RX8 before i bought one. I like the RX8, but my 04's paint job looks faded and worn out, and it gets crappy mileage considering the fact that it is such a small engine with so little power(but again it is a rotary). My warranty was up and that was the big reason i wanted to get rid of the car

but than Mazda came out with the 8 year 100k warranty on the car, i may keep it, but most likely not.

 

If he truthfully did think that gas would go as high as it is now, he's more of an idiot for not profiting off of it

 

My 8's fully paid off. Bought it for cash, so it's always been paid off. I'm keeping it forever.

Rising gas prices are an issue. Just like rising taxes, rising grocery prices, etc. I'm hoping that gas prices will push people onto public transportation, leaving more room on the highway for me and Zoomy.

Ken

 

just buy a bike if you're tight financially for your commute and you're set for life, keep the 8. please.

 

I thought he was joking when I first read that... (i pay 1.9%) Maybe he has really bad credit

 

I started off with an 04 yellow 8 (tons of heads turned and much praise for it). Had it for about a year, 17k on it and engine had compression loss. I was in the middle of a move clear across the States, selling my house, and a ton of other things, needless to say a really bad time in my life. So when I got where I'm at today I traded it in on a lightning I saw at the used car lot while I was getting my F-150s oil changed. Then, me being a dumbass (listening to then girlfriend ), I traded both trucks in on a tC. That car was nice for what it was but it was no RX8. I couldn't help but love and miss the 8, so I went and got rid of the tC for an 06 8. Plus I have a motorcycle that I can ride if I really want to be gas friendly, though if I get on the throttle too much it sucks it down too (sportbike ).

At the end of the day, I driven mustangs and 350z's and have rode in STi's, modded WRX's and RX8's at autocross events, and I still love the RX-8. Matter of fact this is the only car that reminded me of my old 944 that I had, and that was fun to drive too. In my opinion, you can't beat the way it looks and drives and now there is more support and aftermarket products, which makes me totally regret getting rid of my first one, completely (it would have been paid off! ). But hey, everyone makes mistakes .

 

Yes, because assuming gas prices will gradually is the same as being able to predict the future in the stock market.

 

I pay 11% with perfect credit.

It's usually to do with the term and amount.

I put 10k down and do monthly payments over 4 years.

If i put 0 down with 5 years i'd have a drastically lower percentage... probably pay more overall.

 

~$1.72 in March of 03 to ~$4.02 is not "gradual"

My point is that it is stupid to ridicule this guy because he didn't call the massive increase in gas over the past four years. Anyone who called this much of an increase (as you so arrogantly did) is lying.

 

I haven't seen gas at $1.72 a gallon since the 90s.

Either way, buying a 15mpg car still wasn't a good idea for anyone that drives enough miles to be affected by a $2 increase in gas. And to repeat this again, getting into more debt is the opposite of saving money (ie losing money on trading in for a new car loan).

So now that he's "saving" money on gas, he's losing money paying on a new car loan. It's not a short term solution. At least with gas you're not paying interest.

 

WOAH!! the most I've ever seen through dealer financing was like 6.9%! I suggest you try to pay that off as soon as possible...

With the financing rates I was offered, the shorter the term, the lower the rate (which makes sense since less risk cuz of the shorter period). 1-2 years: 0.9%, 3-4 years: 1.9%, 5-6 years: 2.9%