YACT: What would you do?

[GTaudiophile]

Let's say you have $28K cash to play with for a new car. Would you...

1) Buy a Subaru Legacy GT LTD, a car that satisfies your quilty pleasure for horsepower, with cash for $28K. (250HP turboed H4 engine.)
2) Buy a Mazda 3S, a lesser car that can still make you happy, with cash for $19K, and save the $9K for other stuff.
3) Put $20K down on the Subaru, save $8K cash, but finance the rest via an auto loan.

(Both insurance and gas costs would be higher on the Subaru. The Mazda is a "cheaper" car in every way; some question its long-term reliability.)

 

[Zeeky Boogy Doog]

i'd go two, cause i'd want the money

 

[moshquerade]

or you could just forget about it and buy me the car

 

[nycxandy]

I'd pick a different car to get.

 

[virtueixi]

Depends, if 28k was my savings than I would go with 2. If I have more than 50k saved up, I would go with 1.

 

[GTaudiophile]

Originally posted by: moshquerade
or you could just forget about it and buy me the car

:lips:

 

[Schadenfreude]

I'd buy a fully loaded Manual Toyota Echo and call it a day.

I'm not muich into cars, obviously.

 

[SaturnX]

Gotta agree with the above, if all you've got saved to play around with a new car, I'd go with 2, but if you had more then without a doubt I'd go for 1.

--Mark

 

[CraigRT]

Mazda3, but I'd buy the GT if you have that kinda extra money.. they are nice.

 

[Confused]

I'd get a Mazda 6 rather than a 3

 

[TheAudit]

Originally posted by: SaturnX
Gotta agree with the above, if all you've got saved to play around with a new car, I'd go with 2.

 

[Tiamat]

Id go Legacy GT. Is there any option for lease? or are you full into buying the car (so you can mod)

 

[K1052]

Originally posted by: GTaudiophile

1) Buy a Subaru Legacy GT LTD, a car that satisfies your quilty pleasure for horsepower, with cash for $28K. (250HP turboed H4 engine.)

I'd go this route.

Mainly because that is exactly what I am doing this weekend.

 

[ViperSSD]

if the financing is 0%, then it make sense to get a loan for as much as possible since almost any investment will net you a profit.

 

[theNEOone]

between those two cars i'd pick the 3s for less money. however, if i had that money saved up for a car i'd def. pick a car other than the subaru legacy.


=|

 

[Wag]

The '05 Legacy is an awesome car. Should last you a long time. Worth the extra money. I want one, but can't afford it.

 

[Muadib]

Well if you must have a Subaru, I would go with #3. Car loans are really low now, as long as your credit is good.

 

[Wag]

How about the Subaru Impreza RS Sport Hatchback or the Outback Sport? This is the route I'll probably go. 160+HP w/AWD for the same price as the Mazda3s.

The RS Sport drives better than the Outback even though the Outback looks more sporty.

 

[Fausto]

$28k would go a long way as a downpayment on a house. Just for perspective. If you bought in one of the up-and-coming areas of town, you could probably put down the 20% necessary to avoid paying PMI. Putting such a large amount of cash into something that's going to lose 30% of its value as soon as you drive it off the lot seems kinda silly to me.

Just my 0.02

 

[NutBucket]

Subaru has 1.9% now on all models (except STi maybe?) so I'd definitely finance some of it. Hell, throw 8k into a 3 year CD at ING and you'll come out ahead

 

[GTaudiophile]

Originally posted by: Fausto
$28k would go a long way as a downpayment on a house. Just for perspective. If you bought in one of the up-and-coming areas of town, you could probably put down the 20% necessary to avoid paying PMI. Putting such a large amount of cash into something that's going to lose 30% of its value as soon as you drive it off the lot seems kinda silly to me.

Just my 0.02

I agree. I am leaning more towards options 2 and 3.

 

[newParadigm]

i would buy a Mazda rx-8 4 Door Coupe

 

[Strk]

If you can wait, there is always the Maza 6 Mazdaspeed.

 

[GTaudiophile]

Then there is the $24K option: buy a non-LTD Legacy GT. I'd so miss the sunroof

 

[Fausto]

Originally posted by: GTaudiophile

Originally posted by: Fausto
$28k would go a long way as a downpayment on a house. Just for perspective. If you bought in one of the up-and-coming areas of town, you could probably put down the 20% necessary to avoid paying PMI. Putting such a large amount of cash into something that's going to lose 30% of its value as soon as you drive it off the lot seems kinda silly to me.

Just my 0.02

I agree. I am leaning more towards options 2 and 3.

You need an option 4) $20k down on a house, $8k down on an off-lease car. The house should gain value plus you get all the tax write-offs whereas the car is basically just a money pit (even a cool one).