miataturbo.net-like debauchery thread (about the ND or something)
#126
New Miata ND with the following assumptions: 165hp, 155ft-lbs, 2350lbs, 35+ mpg.
Why? Car has a warranty, getting 0% financing through Mazda is easy, and the Mazda2 I've been DDing is way too practical (and not RWD). I want another Miata that I can DD and do autocross in that has modern safety and amenities. Also, I want to see what it's like to have a convertible despite owning a Miata for the past 7+ years (yay hardtops).
The S2000 is obviously appealing and I think it's a great car, but I think that the speed necessary to have fun with it is too high for the street. I'm an old person. I'd rather throw a slow, soft Miata through a corner at 45mph versus getting the same satisfaction out of doing it with an S2000 at 70mph. Safety first.
Why? Car has a warranty, getting 0% financing through Mazda is easy, and the Mazda2 I've been DDing is way too practical (and not RWD). I want another Miata that I can DD and do autocross in that has modern safety and amenities. Also, I want to see what it's like to have a convertible despite owning a Miata for the past 7+ years (yay hardtops).
The S2000 is obviously appealing and I think it's a great car, but I think that the speed necessary to have fun with it is too high for the street. I'm an old person. I'd rather throw a slow, soft Miata through a corner at 45mph versus getting the same satisfaction out of doing it with an S2000 at 70mph. Safety first.
#127
The only Porsche I'm interested in is the new Cayman S. And I don't make the kind of scratch to justify a $70k car in my garage or it would already be there.
New Miata ND with the following assumptions: 165hp, 155ft-lbs, 2350lbs, 35+ mpg.
Why? Car has a warranty, getting 0% financing through Mazda is easy, and the Mazda2 I've been DDing is way too practical (and not RWD). I want another Miata that I can DD and do autocross in that has modern safety and amenities. Also, I want to see what it's like to have a convertible despite owning a Miata for the past 7+ years (yay hardtops).
The S2000 is obviously appealing and I think it's a great car, but I think that the speed necessary to have fun with it is too high for the street. I'm an old person. I'd rather throw a slow, soft Miata through a corner at 45mph versus getting the same satisfaction out of doing it with an S2000 at 70mph. Safety first.
Why? Car has a warranty, getting 0% financing through Mazda is easy, and the Mazda2 I've been DDing is way too practical (and not RWD). I want another Miata that I can DD and do autocross in that has modern safety and amenities. Also, I want to see what it's like to have a convertible despite owning a Miata for the past 7+ years (yay hardtops).
The S2000 is obviously appealing and I think it's a great car, but I think that the speed necessary to have fun with it is too high for the street. I'm an old person. I'd rather throw a slow, soft Miata through a corner at 45mph versus getting the same satisfaction out of doing it with an S2000 at 70mph. Safety first.
That said, I'm kind of yearning for a boost buggy, but the same problems apply.
#133
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Carry on.
#134
Just throwing out some numbers... assumptions:
Price: $26000
Rebate: $1000
APR: 2.99%
Term: 5 years
If you take the $1000 rebate, after 5 years you wind up paying $26950 for the car and monthly payments will be around $450.
If you take 0% APR for 5 years, you pay $26000 for the car, and your monthly payment is $15 cheaper at $435.
The break-even for rebate vs 0% APR is closer to $2000, and I don't think I've seen Mazda do that. It's going to be a new car, so who knows if dealerships are going to tag on a premium like they did with the Toyobaru. Best bet might actually be to print off an S-Plan coupon from Mazdaspeed and get 0% through the Mazda's financing.
Price: $26000
Rebate: $1000
APR: 2.99%
Term: 5 years
If you take the $1000 rebate, after 5 years you wind up paying $26950 for the car and monthly payments will be around $450.
If you take 0% APR for 5 years, you pay $26000 for the car, and your monthly payment is $15 cheaper at $435.
The break-even for rebate vs 0% APR is closer to $2000, and I don't think I've seen Mazda do that. It's going to be a new car, so who knows if dealerships are going to tag on a premium like they did with the Toyobaru. Best bet might actually be to print off an S-Plan coupon from Mazdaspeed and get 0% through the Mazda's financing.
#136
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Location: Lake Forest, CA
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Total Cats: 1,008
Dunning Kruger affects post regarding interest...
^truth. However, I never keep my cars that long, so for me, I'd take the money and run since I know I won't just make the minimum payment for the term of the loan
^truth. However, I never keep my cars that long, so for me, I'd take the money and run since I know I won't just make the minimum payment for the term of the loan
Last edited by turbofan; 08-01-2014 at 11:19 PM.
#137
Inflation helps the borrower in a repayment on a loan...? I don't think you know how inflation works, unless if it was a "rah-rah, put cash under your mattress Ron Paul 2008" post.
A car loan is a fixed rate financial instrument and 0% APR is quite literally free money (as long as you don't default).
A car loan is a fixed rate financial instrument and 0% APR is quite literally free money (as long as you don't default).