REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community 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 fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

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


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Auto Chat

Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n

Reply
 
Thread Tools
Old 02-14-2016, 11:07 PM   #1
Ready to be Man handled by RS!
 
Join Date: Feb 2013
Location: vancovuer
Posts: 96
Thanked 28 Times in 15 Posts
used or. new

Ill be.finamcing but.it better to.get new lancer base model.auto 0 for 84.months.or second.hand but.pau 4.99% finacing
Is.it better buy used or.new
I.want cheaper deal but.4.99% is lot.interest amd i can pay 84..months amd.0%
I probably put down 5k around

Whats ur thoughts
Advertisement
mustang766 is offline   Reply With Quote
This post thanked by:
Old 02-14-2016, 11:21 PM   #2
My homepage has been set to RS
 
Join Date: Jun 2005
Location: westside
Posts: 2,296
Thanked 1,537 Times in 438 Posts
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.
__________________
Previous and Current Rides:
2018 Mercedes C43
2005 Infiniti FX45 ~Sold
2007 BMW Z4 3.0Si ~Sold
2007 Subaru Legacy Spec B ~Sold
2003 Acura RSX Type S ~Sold
skiiipi is offline   Reply With Quote
Old 02-14-2016, 11:24 PM   #3
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: Burnaby
Posts: 2,957
Thanked 5,035 Times in 1,080 Posts
It would help if you put the actual price of each car.

Also, financially, buying a second hand car will be better most of the time. But there are benefits to buying new obviously, such as knowing the history of the car, whether someone had sex in your backseats, etc.

But honestly, without knowing your financial situation/reasons, financing a base lancer (which isn't that expensive to begin with) for 84 months sounds like a terrible idea. For nearly all of your loan term you will owe more money than the car is worth (ie. you'll be upside down.) - so when you get T-boned through no fault of your own, ICBC will pay you far less than what you owe.
inv4zn is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 12:41 AM   #4
Banned (ABWS)?
 
AzNightmare's Avatar
 
Join Date: Oct 2004
Location: Vancouver
Posts: 17,754
Thanked 3,119 Times in 1,330 Posts
Quote:
Originally Posted by mustang766 View Post
Ill be.finamcing but.it better to.get new lancer base model.auto 0 for 84.months.or second.hand but.pau 4.99% finacing
Is.it better buy used or.new
I.want cheaper deal but.4.99% is lot.interest amd i can pay 84..months amd.0%
I probably put down 5k around

Whats ur thoughts


The hell is wrong with your keyboard/phone keypad, or whatever you're using to type your post??

__________________
__________________________________________________
Last edited by AzNightmare; Today at 10:09 AM
AzNightmare is offline   Reply With Quote
Old 02-15-2016, 12:45 AM   #5
Head Moderator
 
Lomac's Avatar
 
Join Date: Dec 1982
Location: Great White Nor
Posts: 22,643
Thanked 6,409 Times in 2,069 Posts
84 month loan?

Lomac is offline   Reply With Quote
Old 02-15-2016, 12:46 AM   #6
Rs has made me the man i am today!
 
mos_skeeto's Avatar
 
Join Date: Aug 2002
Location: 604
Posts: 3,018
Thanked 635 Times in 186 Posts
That was difficult to read. I agree with skiiipi above where it's usually good to stick to 4-5 years for a finance. Don't look at the % too much. Just calculate how much it'll cost monthly and if you can handle the payments.

If there's no other way other than to do a 8 year finance you're probably buying a car you cannot afford.

Also the Lancer's been out for 8 years and it looks a bit dated. They're also super cheap second hand.
mos_skeeto is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 01:13 AM   #7
14 dolla balla aint got nothing on me!
 
Join Date: Mar 2014
Location: im over here!
Posts: 658
Thanked 365 Times in 175 Posts
Lancer is garbage OP/ Do not buy it regardless of the deal they offer
ANY other car in that category is better!

Mitsubishi Lancer Prices, Reviews and Pictures | U.S. News Best Cars
StanleyR is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 05:29 AM   #8
I'm better than you.
 
b0unce. [?]'s Avatar
 
Join Date: Jan 2005
Location: East Van
Posts: 8,480
Thanked 3,087 Times in 658 Posts
If you're gonna get into a base model lancer with auto transmission, you might as well just buy something else with cash. There's a lot of better options for 5k cash.
__________________


'14 Toyota Yaris [Work Daily]
'89 Toyota Cressida MX83 [Collector's status]
'15 Honda Ruckus [Summer cruiser]
'96 Toyota Hilux Surf KZN185 [Weekend Warrior]



Buy & Sell Ratings!
b0unce. [?] is offline   Reply With Quote
Old 02-15-2016, 06:40 AM   #9
Hacked RS to become a mod
 
SkinnyPupp's Avatar
 
Join Date: Feb 2002
Location: Sunny Hong Kong
Posts: 45,255
Thanked 20,042 Times in 6,303 Posts
$5000 down... The car will be worth that much when you're still making payments on it 7 years from now.

Just buy a $5000 used car.
SkinnyPupp is offline   Reply With Quote
Old 02-15-2016, 09:15 AM   #10
Head Moderator
 
Lomac's Avatar
 
Join Date: Dec 1982
Location: Great White Nor
Posts: 22,643
Thanked 6,409 Times in 2,069 Posts
Yeah, a Lancer is a poor choice. It's a terrible car. Been out for years now and has barely been improved since this generation was introduced. Wasn't good when new and it's simply gotten more and more terrible since then. A $5000 used car will likely yield better choices on Craigslist.

And by base model, are you talking about the DE or SE?
Lomac is offline   Reply With Quote
Old 02-15-2016, 12:11 PM   #11
Rs has made me the woman i am today!
 
oldsnail's Avatar
 
Join Date: Jun 2002
Location: Victoria
Posts: 4,204
Thanked 378 Times in 183 Posts
Check the craigslist goodbuy's thread/
oldsnail is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 12:22 PM   #12
So I had to give him the three piece with the soda
 
GLOW's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 8,153
Thanked 4,968 Times in 2,011 Posts
probably DE, unless naming has changed over the years...i test drove one a 2008 before. heavy, sluggish...really not a car you want to buy new. not sure if the GTS replacement is any better (i forget what it's called, i think SE???).

i'm with skinny, buy a $5k used car or spend a little more and get something way better than a base lancer
__________________
Feedback
http://www.revscene.net/forums/showthread.php?t=611711

Quote:
Greenstoner
1 rat shit ruins the whole congee
originalhypa
You cannot live the life of a whore and expect a monument to your chastity
Quote:
[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
[17-09, 12:08]FastAnna I like dat

GLOW is offline   Reply With Quote
Old 02-15-2016, 07:29 PM   #13
Ready to be Man handled by RS!
 
Join Date: Feb 2013
Location: vancovuer
Posts: 96
Thanked 28 Times in 15 Posts
The se limited 2016 is 24k and 2015 se is 22k includes taxes nand everything.
I make 12 hour.or 1966 month and within 3 months on job will make 2000 month
Reason im.getting car is company moving n fraser way. If i transit it be 1 hour 20 if i drive its like 25 min according to google maps.

QUOTE=inv4zn;8727214]It would help if you put the actual price of each car.

Also, financially, buying a second hand car will be better most of the time. But there are benefits to buying new obviously, such as knowing the history of the car, whether someone had sex in your backseats, etc.

But honestly, without knowing your financial situation/reasons, financing a base lancer (which isn't that expensive to begin with) for 84 months sounds like a terrible idea. For nearly all of your loan term you will owe more money than the car is worth (ie. you'll be upside down.) - so when you get T-boned through no fault of your own, ICBC will pay you far less than what you owe.[/QUOTE]
mustang766 is offline   Reply With Quote
This post FAILED by:
Old 02-15-2016, 07:32 PM   #14
Ready to be Man handled by RS!
 
Join Date: Feb 2013
Location: vancovuer
Posts: 96
Thanked 28 Times in 15 Posts
Quote:
Originally Posted by oldsnail View Post
Check the craigslist goodbuy's thread/
Craiglist is.good is your got knowledge buying used car. I dont. Im going dealership since its safer route but pay more
mustang766 is offline   Reply With Quote
This post FAILED by:
Old 02-15-2016, 07:37 PM   #15
OMGWTFBBQ is a common word I say everyday
 
GabAlmighty's Avatar
 
Join Date: Oct 2008
Location: Coquitlam
Posts: 5,324
Thanked 3,781 Times in 1,242 Posts
Holy fucking shit. I apologize in advance if you have some sort of a handicap which hinders your ability to punctuate and create coherent sentences... My head is hurting reading your posts my friend.
__________________
'16 Ram 1500
GabAlmighty is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 07:44 PM   #16
OMGWTFBBQ is a common word I say everyday
 
Join Date: Jul 2012
Location: Burnaby
Posts: 5,060
Thanked 4,582 Times in 1,570 Posts
I think it's EFL on this one guy's... (english fifth language... Actually maybe 6th...)

Regardless, I think you should consider a Civic or Corolla instead of the lancer.
__________________
2019 Mustang GT Premium 401A

2019 F150 CC/SB 3.5 EcoBoost
dared3vil0 is offline   Reply With Quote
Old 02-15-2016, 07:46 PM   #17
I'm better than you.
 
b0unce. [?]'s Avatar
 
Join Date: Jan 2005
Location: East Van
Posts: 8,480
Thanked 3,087 Times in 658 Posts
Quote:
Originally Posted by mustang766 View Post
Craiglist is.good is your got knowledge buying used car. I dont. Im going dealership since its safer route but pay more
Buying a car from a dealership is not always the "safest" bet.
__________________


'14 Toyota Yaris [Work Daily]
'89 Toyota Cressida MX83 [Collector's status]
'15 Honda Ruckus [Summer cruiser]
'96 Toyota Hilux Surf KZN185 [Weekend Warrior]



Buy & Sell Ratings!
b0unce. [?] is offline   Reply With Quote
Old 02-15-2016, 08:14 PM   #18
My homepage has been set to RS
 
Join Date: Jun 2005
Location: westside
Posts: 2,296
Thanked 1,537 Times in 438 Posts
Quote:
Originally Posted by mustang766 View Post
The se limited 2016 is 24k and 2015 se is 22k includes taxes nand everything.
I make 12 hour.or 1966 month and within 3 months on job will make 2000 month
Reason im.getting car is company moving n fraser way. If i transit it be 1 hour 20 if i drive its like 25 min according to google maps.
I think I know what you are trying to say, and I understand your need for a car.

But when you are making $2000/month you should not be buying a vehicle that is over 20K.....an 8 year finance does not make sense.

Buy a 5000 car for now, drive it for a few years, and save up. There will be plenty of time left to buy what you want later on.

General rule of thumb is don't spend more than 50% of your annual salary on a car, but NEVER spend more than your annual salary on a car.

you'll make more money later on, and you will be able to get what you want.
you don't want the stress of car payments when you are just starting your career. (Trust me.....I've been there, I bought my Spec B brand new when I was only making $36K/year, and ended up not not being able to afford to insure it and took the bus for a long time)
__________________
Previous and Current Rides:
2018 Mercedes C43
2005 Infiniti FX45 ~Sold
2007 BMW Z4 3.0Si ~Sold
2007 Subaru Legacy Spec B ~Sold
2003 Acura RSX Type S ~Sold
skiiipi is offline   Reply With Quote
Old 02-15-2016, 08:21 PM   #19
OMGWTFBBQ is a common word I say everyday
 
Join Date: Jul 2012
Location: Burnaby
Posts: 5,060
Thanked 4,582 Times in 1,570 Posts
Yikes with 2k income...

20k+ tax / 84 months = $267/month
Figure insurance ~$200-250
Gas?? $200/month ROUGH estimate.

$2000 monthly gross income is like what, $~1600 net?

Total = $667-717 per month on JUST the car, excluding basic maintenance.

Not feasible man.
__________________
2019 Mustang GT Premium 401A

2019 F150 CC/SB 3.5 EcoBoost
dared3vil0 is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 08:25 PM   #20
I Will not Admit my Addiction to RS
 
Retrac's Avatar
 
Join Date: Aug 2006
Location: Vancouver
Posts: 558
Thanked 262 Times in 93 Posts
skiipi and others are providing you free sound advice OP, take it!

If you don't trust yourself buying a used car from Craigslist bring a friend and bring it to a mechanic you trust or one of the many wonderful sponsors on this site for a PPI.

It will save you a bunch in the long run.
Retrac is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 08:31 PM   #21
Head Moderator
 
Lomac's Avatar
 
Join Date: Dec 1982
Location: Great White Nor
Posts: 22,643
Thanked 6,409 Times in 2,069 Posts
Just as an example:

2005 Honda Civic DX VP

98,000km's!

There are dozens of great cars under $5k that are highly reliable that would require nothing more than general maintenance (which is something you'll have to do on a new car anyway).
Lomac is offline   Reply With Quote
Old 02-15-2016, 08:38 PM   #22
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: Burnaby
Posts: 2,957
Thanked 5,035 Times in 1,080 Posts
Quote:
Originally Posted by mustang766 View Post
The se limited 2016 is 24k and 2015 se is 22k includes taxes nand everything.
I make 12 hour.or 1966 month and within 3 months on job will make 2000 month
Reason im.getting car is company moving n fraser way. If i transit it be 1 hour 20 if i drive its like 25 min according to google maps.
Here are a few things to consider:

1: $12/hour is not a lot of money. And getting a $34 raise per month isn't actually a raise, it's a middle finger from your employer.

2: Banks probably won't finance you at 0% for 84 months. The rate is "on approved credit", and something tells me you won't qualify. Of course, I may be wrong.

3: If you factor in gas and insurance, and occasional maintenance, you will be so fucked up financially, which is why all of us are telling you not to.

I understand you need a car to commute, but don't want to buy used because you don't know much about cars. You probably picked the Lancer because it's cheap, but skipped over the DE and ES trims because hey, it's a new car, you might as well get some nice bells and whistles right?

NO.

What you're doing is "How to fuck things up 101" - it is a terrible decision, and more of a self-justification than an actual decision.

Use the $5000 to buy a $3000 civic with manual windows. Get it inspected before you buy it. Save up the money until you either have enough money to buy a nicer car, or make more money to be able to finance.

The guys here are giving you the best advice anyone can give a stranger. You should probably listen to it.
inv4zn is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 08:44 PM   #23
My homepage has been set to RS
 
Join Date: Jun 2005
Location: westside
Posts: 2,296
Thanked 1,537 Times in 438 Posts
Quote:
Originally Posted by inv4zn View Post
And getting a $34 raise per month isn't actually a raise, it's a middle finger from your employer.
LOL this is so true...but it could be worse.

I got a 0.06/hr raise one year.....and when my boss told me, I was like "seriously....you would've pissed me off less by telling me I'm not getting a raise this year"
__________________
Previous and Current Rides:
2018 Mercedes C43
2005 Infiniti FX45 ~Sold
2007 BMW Z4 3.0Si ~Sold
2007 Subaru Legacy Spec B ~Sold
2003 Acura RSX Type S ~Sold
skiiipi is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 08:46 PM   #24
My homepage has been set to RS
 
ilovebacon's Avatar
 
Join Date: Jan 2012
Location: vancouver
Posts: 2,101
Thanked 1,614 Times in 460 Posts
If it's your first vehicle, I would suggest you to get a second hand car.

Last edited by ilovebacon; 02-15-2016 at 08:54 PM.
ilovebacon is offline   Reply With Quote
This post thanked by:
Old 02-15-2016, 10:02 PM   #25
Ready to be Man handled by RS!
 
Join Date: Feb 2013
Location: vancovuer
Posts: 96
Thanked 28 Times in 15 Posts
Quote:
Originally Posted by Retrac View Post
skiipi and others are providing you free sound advice OP, take it!

If you don't trust yourself buying a used car from Craigslist bring a friend and bring it to a mechanic you trust or one of the many wonderful sponsors on this site for a PPI.

It will save you a bunch in the long run.
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'īke.730am approx
U miss.one bus or the bus is late your other transfer bus be gone and you be.late
mustang766 is offline   Reply With Quote
This post FAILED by:
Reply

Thread Tools

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
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 05:33 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net