used or. new

[mustang766]

Might just go back school bcit . dont really like the job and no future too. Its production worker job with all my co workers new immigrants To country with very limited english as majority
Very repeptive work too. Same.old.same.old

[rJZx]

Get a rx8

[dvst8]

PPI = Pre Purchase Inspection

Depending on the cars make/model, take it to that dealer for purchase inspection. BCAA used to do it but they don't offer that service anymore.
Good luck

[Lomac]

Originally Posted by mustang766

Might just go back school bcit . dont really like the job and no future too. Its production worker job with all my co workers new immigrants To country with very limited english as majority
Very repeptive work too. Same.old.same.old

If that's your mentality, then it's definitely not a good idea to buy a new car. Remember, you'll be stuck with a 7 year loan that needs to be paid on time. Going back to school will severely hamper that should you not have enough funds while studying.

[RE-Jo]

OP, you are aware there are other manufacturers out there right?

just saying...

[Timpo]

The current Lancer came out back in 2007. Now it's 2016.
9 years and no change?

Why would you wanna buy a brand new almost a decade old design?
Typically Japanese cars have 4 year cycle. The Lancer is way overdue for update.
The current Lancer should've been 3 generations ago.

https://en.wikipedia.org/wiki/Mitsubishi_Lancer

[GabAlmighty]

Originally Posted by mustang766

PPI?????
Which mechanic place is good you say???it cost like.100 each time get mechanic to.inspect it

3 transfer from my house to north fraser way in bby. Take over one hour..either i get car and if not i quit. I done job with one hour 30 commute each way 3 transfer and its tough for 9 am start so.i have get up like 7.and leave l'îke.730am approx
U miss.one bus or the bus is late your other transfer bus be gone and you be.late

Oh but life is so hard isn't it.

[twitchyzero]

have you looked into car2go/evo?

[Galactic_Phantom]

Maybe you should get a Nissan Micra (aren't they like $10,000 for base model?) and save some money for English lessons

[inv4zn]

Originally Posted by twitchyzero

have you looked into car2go/evo?

Problem with those are that unless you use them very occasionally, they don't make sense financially.

If you leave it parked, you still pay for it, and you end up paying something like $85 a day. In which case you may as well just buy a car lol

[AzNightmare]

Go back to BCIT and take something useful to get a real career job, and take English (or some kind of typing class) while you're at it.
Can't even imagine how your resume looks like if you type like this... wtf.

People making $12/hr shouldn't even be owning a car, but if it's a must, it should be the most basic "A to B" commuter car.

[meme405]

I was going to post about how if the company is moving it might be worth it to look for another job.

I didn't post it because I thought it would look facetious, but the reality is, it's not that hard to find $12/hour jobs. I concede there is situations where you might want to stick it out with that company, but in general commuting long distances for 12 bucks an hour is not going to be viable.

Seems like you have come to the same realization at this point. Just get another job, or go to school so you can get a better job.

[VR6GTI]

Jobs that pay $15/hr+ and no degree needed are all over the place. Its jobs that the younger generation don't want to do.

[GLOW]

not talking about OP's case, but if you plan on driving a car in to the ground, other than being written off, what's the risk of 0% for 84 months? you're decreasing the monthly payments at 0% interest, what am i missing?

[skiiipi]

Originally Posted by GLOW

not talking about OP's case, but if you plan on driving a car in to the ground, other than being written off, what's the risk of 0% for 84 months? you're decreasing the monthly payments at 0% interest, what am i missing?

The car depreciates faster than u are paying it off.

So if ur car gets totalled or stolen say in year 6
Your icbc payout will likely be less than what u still owe on the car

[inv4zn]

^The risk is that very few people actually do drive their cars to the ground.
Situations change, feelings change, and 7 years is a pretty damn long time.

You're severely limiting your options in case something happens - not just a write off, but say you impregnate your girlfriend and she is having triplets, and you need a bigger car. You want to sell it, market value is $4000, but you owe $7500.

I think the general rule of thumb is if you can't afford monthly payments in a 5 year (maximum) term, then you can't really afford the car.

That said, a lot of news articles say a huge percentage of people are in fact financing for 6, 7, and some for even 8 years. It may work for certain people, but generally, it's considered poor financial planning.

Especially for a cheap car like a Lancer.

[GLOW]

ok that's what i figured
i was thinking maybe there was some hidden admin fee or smoke and mirrors where they presented 0% @ xx months where there's some actual cost on the side.

[bcrdukes]

You guys realize OP is joe45, right? hahaha

[GLOW]

yep, one of his many accounts.

[mos_skeeto]

Everyone's shitting on the lancer. I drove one for many years. It's not that bad. It's a little heavy. Suspension is a bit mushy but it isn't horrible. The engine/transmission is decent for city driving and actually picks up speed decently in the 20-80 range. It looks decent.

However, as pointed out it's been out forever, looks dated, and the used market is flooded with them so they have no resale whatsoever.

That said, still a horrible choice for OP because 8 years lol.

[ilovebacon]

http://www.revscene.net/forums/70756...lx-5speed.html

[Timpo]

Mitsubishi is yet to bring Delica to Canada or USA. I wonder why.

[Galactic_Phantom]

I saw Timpo as the last poster...and I knew exactly what the post would be about...

[Ferra]

Originally Posted by skiiipi

problem with a 84 month finance is that you'll end up with negative equity
so if after 5 or 6 years you want to sell the car
there is a good chance the car will be worth less than that you till owe on it.

try to keep your finance to 48/60 months if you can.

Sorry..horrible advice

(Psychologically, or forced saving is another topic...) but financially, when you have 0% APR, you should always go $0 down and pick the longest term possible.

You are better off saving all those extra cash in your bank, TFSA, or whatever investment you have.
It doesn't cost you anything to hold those extra debt when it is 0% financing. Cash in your own pocket earn you income on the other hand.

Negative equity is a pointless terms when it comes to buying a car...
Regardless of whether you decide to sell the car in 2,3,5,6, or 20yrs etc, you can always pay back whatever is owed w/ no penalty anyway.

Before you decide which routes, you should decide whether buying a car is the right choice for you in the first place tho.

[mos_skeeto]

Originally Posted by Ferra

Sorry..horrible advice

I think that your advice is solid for most people however in this context, where OP sounds sketchy digging himself into debt, I think skiiipi is on the right track.