How old are you and How did you afford the WRX? - Page 4

View Poll Results: How old and how did you afford it?

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  • under 20. Parents pays for car & insurance

    85 10.68%
  • under 20. You pay for everything. (which bank did you rob?:-)

    98 12.31%
  • 20-29. you pay for everything

    458 57.54%
  • 30-39

    98 12.31%
  • 40+

    57 7.16%
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This is a discussion on How old are you and How did you afford the WRX? within the Everyday Impreza Talk forums, part of the Community - Meet other Enthusiasts category; My grandfather passed away. He always tried to give all his money away to my brother and I, or my ...

  1. #46
    Registered User
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    Apr 2002
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    Sammamish, WA
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    My grandfather passed away. He always tried to give all his money away to my brother and I, or my mother, for her to buy a car for us. So, we he finally did pass away, my parents thought it the logical thing to use the money for what he had always wanted. I'm 16 years old, and don't follow the stereotype, thank you very much .
    2002 WRX Sedan, Blue.
    Catless, Cobb Stage 2, and so on.

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  3. #47
    Registered User Just an RS Girl's Avatar
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    Im 25..... with in the last 3 years i took myself out of $36,000 of debt (college and life) , payed rent for mom and I, lived with the hell of my car falling apart for 7 years, did some research, fell in love with a subie, saved $10,000 for the down payment, begged my rich aunt to co-sign with me and bought my baby.
    Now this time next year my car will be paid in full and I will upgrade to the WRX. I pay everything RENT, INSURANCE on two cars, PAYMENTS, and all other bills.... I AM PROUD OF ME.
    CHEL...

  4. #48
    Registered User Blake's Avatar
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    Jason, with options and added warranty for a grand the car was $25,000/36 month loan equals aprox. $700 a month. I did not put any money down and I have stellar credit. I understand interest rate and ammortization effect on payments, my business is ownership of commercial real estate. In your history of vehicles I just did not see where you traded anything on your WRX purchase, maybe you got a insurance settlement from the totaled 3000 to use as a down-payment. I even got the dealer to give me .9 (the 24 month rate)instead of 1.9 percent interest. Though now I see that you may be able to get 0%, oh well! I know what you mean about how do people afford to own 2 or 3 $70K cars and live in a nice home there in the bay area, you gotta bring home a lotta bacon every month to make those strokes.
    Have fun with your REX, I am with mine
    Blake

  5. #49
    Registered User breepsh's Avatar
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    I'm 18 and i paid the little downpayment and make the monthly Payments. Parents pay insurance as of now, not sure how much longer that will last. Hopefully forever > I have no money for mods of course so it's stock.

  6. #50
    Registered User ripcuda's Avatar
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    Feb 2003
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    Spokane, WA
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    I'm 27 and just got my 4-year promotion in the military.... can you say nice $$ increase? Car payments easily within reach now... plus the wife caved.... I now own a WRX!

    RR
    '03 WRX Silver Sedan

  7. #51
    Registered User pondo's Avatar
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    i'm 20, chemical engineering student...i have a good payin co/op and made some crucial cash on the stock market...bought mine used for $17,500 with 25k miles perfect condition in silver...paid in cash...

  8. #52
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    Rhode Island
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    Im 18 and have a corolla, got it for free from my parents. I pay half my insurance. One day I hope to have a rex. Damn, it would be a lot faster!

  9. #53
    Registered User chobits's Avatar
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    Nov 2002
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    i'm 23, sold my fully mod celica for $17.500, and bought a used WRX for $17.500 (19K, clean record, perfect condition, 6 years warranty)

    part time networking admin
    Last edited by chobits; 02-14-2003 at 09:50 AM.

  10. #54
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    I'm 24 and an electrical engineer. It feels much better when work your a** off to get what you want. Go to school.
    wrxfx Intake
    K&N Filter
    OZ 17" Superleggera
    Dunlop 215/45 W-10
    Brullen Cat-Back

  11. #55
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    Palmdale, CA
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    I am 28 so insurance is low, as for how I bought the WRX...one word...blackmail, it works. Actually my sugar daddy bought it for me for a Christmas present.

  12. #56
    Registered User jmussetter's Avatar
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    Jason, with options and added warranty for a grand the car was $25,000/36 month loan equals aprox. $700 a month. I did not put any money down and I have stellar credit. I understand interest rate and ammortization effect on payments, my business is ownership of commercial real estate. In your history of vehicles I just did not see where you traded anything on your WRX purchase, maybe you got a insurance settlement from the totaled 3000 to use as a down-payment. I even got the dealer to give me .9 (the 24 month rate)instead of 1.9 percent interest. Though now I see that you may be able to get 0%, oh well! I know what you mean about how do people afford to own 2 or 3 $70K cars and live in a nice home there in the bay area, you gotta bring home a lotta bacon every month to make those strokes.

    I paid $25,900 out the door for the car, I put like $10K or so down from my insurance payoff on the 3000GT, and I have a 4.9% APR for 60mo. Payment is like $310.

    The reason yours is so high is because of your 3 year term. I've always done a 5 year term, since I know I'll keep the car that long anyway...besides, the way I figure it, is that I'll ALWAYS have a car payment, so what does it matter if my loan is for 5 years or 3 years, as long as the car lasts longer than the loan. I usually overpay every month anyway, just to get the principle down faster.

    -Jason
    2002 Midnight Black WRX - EJ22 w/ VF30 and all the other stuff to go with it...

    ***ATTN: Speed Kills! Drive a Honda and live FOREVER. ***

  13. #57
    Registered User SPEEDDIVAS's Avatar
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    Talking All by Myself

    I was 20 when I purchased my WRX. I did it all by myself, lots of research and having good credit paid off. I down about 7% of the car, I got it for 22,900 (base model only) before tax and interest. Feels good to do it all alone. Payments a *****, but having a nice ride is all good. Insurance is a lot since I am a young driver. All pays off in the long run. Being a WRX owner is the best thing ever.

    Mods: Apex N1 (black anodized exhaust). Blitz dual turbo timer. XS cold air intake.

  14. #58
    Registered User Kanchou's Avatar
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    Originally posted by jmussetter
    The reason yours is so high is because of your 3 year term. I've always done a 5 year term, since I know I'll keep the car that long anyway...besides, the way I figure it, is that I'll ALWAYS have a car payment, so what does it matter if my loan is for 5 years or 3 years, as long as the car lasts longer than the loan. I usually overpay every month anyway, just to get the principle down faster.

    -Jason
    there's a certain logic flaw with that, which is why i'll try to get a 3 year or shorter finance plan.

    the warranty.

    if you're in year 4 and something drastic mechanincally malfunctions and renders the car undrivable, you've still comitted to payments. they won't come take the car, they'll take whatever they can to account for the lein value.l The car is just a symbol of the contract/transaction.

    it may not be a great risk given the subaru reliability. . .but is it a risk you're willing to take if you're going to be tight on the budget and no back-up car? :/

  15. #59
    Registered User ElBartoRex's Avatar
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    Originally posted by jmussetter
    I'm 24, and I pay for it with a..... J.O.B.

    Hey I was one of those who got a 'good job' at 18 too!

    Let's see:

    turned 18 and got job:
    1. Owned a '93 Ford Escort from High School.
    2. Bought a '94 3000GT (traded in wifes '84 honda accord)
    3. Bought a '93 Firebird Formula for Wife 6th months later (try seeing what insurance is on a 3KGT AND Firebird V8 with BOTH drivers being 18!!! ) (traded in the Escort to do so...)
    4. Bought a '97 Volkswagon Jetta GT (sold Firebird )
    5. Given a '93 Ford Escort from Grandparents
    6. Sold Jetta.
    7. Wrecked, destroyed, killed, Totaled my 3000GT
    8. Debated over another 3000GT or WRX.
    9. Bought WRX.

    10. (buggin my neighbor to let me buy her '89 Conquest (turbo) to fix up for my wife to replace the Escort...

    Anyway, DUDES, it's only a $24K car!!! I bought my 3000GT for more than I did this car and it was a USED lease return too! Way nicer car inside too.

    Unless you have no job, still in school, payin child support and alimony, and have a DUI on your insurance...why would you ASK everyone how they afforded it? I mean, it's not like we're all 18 year olds driving some $70K Viper or somethin'. It's NOT HARD TO AFFORD THIS CAR if you make more than min. wage. HELL, I think even on minimum wage, I could afford my $310/mo car payment.

    When you live in the bay Area, and EVERYONE, I mean EVERYONE drives cars that are $40K and up here, you would look at the Rexx as NOT being expensive. BMW M3's are more common here than preludes and TypeR's! I drivin around the bay area for work and have literally seen 3 different farrari's...on various freeways IN 2-3 hour period during the summer!!! I've seen a couple Lambo's and I see the New M5 and M3's, Porches ALL THE TIME TOO. THOSE are the cars that I want to know "how they afforded it?"

    -Jason
    Exactly...im the one who asked this question and that is because I AM still in school. I wish that someday soon I will live in a world where 24k isnt a lot of money..but for now, I go to school FULL TIME (18 credits) and have a part time jobs (3 days a week) and desperately want a REX.. but for me 24k or $300+ a month is a $hitload of money that I dont have!! Anyone in the same boat as I am??? We cant all be six figured business owners on this site..

  16. #60
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    im 21, in school full time, 17 credit hours.... and only work 3 days a week and i have plenty of money to pay the 380 a month payments.. i usually make 500 a month payments anyways :P hehe plus cell and insurance and gas.... i just dont do much else.... but with the school and work, i dont have time to do anything else.... so it all works out, but hey at least i have a hot ride to roll around in on the weekends... and plus, any extra money i need..... one word.... ebay!

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