just bought a new car

[Lord Evermore]

I'm not sure if it feels good to be giddy about buying a new car, or if it makes me feel like a fricking moron.

I'm getting a 2001 Mitsubishi Galant GTZ. I signed the credit app tonight, but since I haven't actually talked to the insurance agent I couldn't give them the number to get the insurance binder, so they can't really submit it until tomorrow, so I may not be able to pick it up until Thursday. But that's okay with me. It's my first new car, first one I've gone to a dealer for at all.

I felt sorry for the salesman. He had to pitch all the features to somebody that already knew he wanted to buy the thing.

Test drive was fun, but of course I couldn't drive the way I normally do. And of course when I first get it I won't be driving it hard so it can be broken in. Pain in the ass, I hate not being able to drive normally.

The best part is it cost more than my roommate's Grand Prix, but my payments will be like 40% lower than his (balloon payment after 54 months, at which point I can finance the balloon payment for another 4 years at the current rate; works out well for me right now). He's going to be so pissed; he's been bitching about his car payments since he got it.

 

Sounds nice... But those big numbers (54+months) would scare the junk out of me. Congratulations, though!

 

[Farbio]

congrats man, enjoy it!

 

[Gibson486]

So if I see a new Galant around my neighborhood near Umass, I know it will be you?

 

[Mill]

...and I spent about a million, the motherf*cking driva seat sittin' in da middle.

 

[Lord Evermore]

Near Mahoney Hall, maybe in the faculty parking lot if they don't lock it up, it will be. I live across the street.

Oh yeah, and 54 months did scare me, but if I wanted anything like a reasonable payment for financing, it had to be that long. On a 60 month standard payment plan it would have been almost 500 dollars a month, which I could handle, but the 350 I'm going to be paying will be much easier, and I'm sure that 10 grand in 4 and a half years won't be too hard for me to pay. I'll either have saved that up by then and own the car, or be able to finance it again, or give the car back to them like a lease (as long as I only drive 15000 miles a year, which may be a bit too low for me).

 

[MustangSVT]

nice car.. reminds me of LANCER EVO series.. that i dont know why.

 

[Antisocial Virge]

nice car

but the 54 months + 4 years seems excess. Can you pay it off early?

 

[Lord Evermore]

I doubt there will be a problem with paying it off early. And if there is, oh well. It's my first new car, I probably could have gotten them to drop the price a bit more (they wanted to go home, they locked the place up around me), but I suck at haggling. I already know how much the final cost is going to be, and it fit in with my expectations well enough that I was satisfied.

Of course the up front fees and stuff are going to be a bitch, like license, registration, insurance down payment.

 

[vi edit]

That's a pretty nice car. I've read several reviews that put it in the top of its class for handling and "fun factor". Please tell me you didn't get the two foot spoiler on the back of this one

 

[vi edit]

BTW - I know that the mitsu dealerships around here were offering 0% and .9% financing on their 2000 models, did you miss out on deals like that?

 

[Lvis]

Are you sure you want to make payments on a car for 8 and a half years? Plus pay for full coverage insurance for all that time? Trading it in won't really be an option.... you aren't getting any equity with that first loan, all you're paying goes for interest.. At this point you haven't done anything you can't back out of.....

 

[Lord Evermore]

I want it and I'm getting it.

And it's a GTZ, so it comes with a 'rear stabilizer'. It's not a huge spoiler, it's one I actually like. I can't stand the ones like people put on fricking Subaru's.

Interest rate is 7.85. Considering I have no cosigner, no previous credit history other than a 1000 limit credit card for the last year, I didn't expect to get any amazing financing. And since the 2000 model is gone, none of that .9% financing. I missed it just barely, I didn't have the money when it was available, and my current car wasn't dying as badly as it is now.

 

[Nightmercy]

Man, it must suck to be the guy with the Grand Prix, if your payments cost that much less!!!
<--- puts gun to head, slowly depresses the trigger...


Nightmercy, a car dealer's wet dream...

 

[Lord Evermore]

It'd suck if I was actually going to be getting it. Apparently Mitsubishi doesn't like my non-existant credit history.

But I can probably go through the credit union. Apparently they're easy. Just not as cheap.

Now get back to work you dork.