well the list of problems grows. and im just not sure. and yeah im getting a free ride from my parents for the next 4 years haha.

 

http://seattle.craigslist.org/oly/car/606676242.html

y dont you just take out a loan..and get this..

 

yah..its in oak harbor...where me and redrabbit are from...but i just posted a car thats closer..

 

I heard theres some problems with that fd unless I here other wise but I'm not sure I'm still searching for more ways I am putting financing through a bank or getting a personal loan from the bank into consideration

 

hey if your gonna get a loan try becu, I got mine there when I was 19 with 2000 down they dont care about how old it is just mileage.

 

Avoid that last FD you were linked. There is a reason its priced so low. Actually MANY reasons it is priced so low. Search the forum for threads including "illtech" started by riede93fd and you'll see what I'm talking about. The car was pieced together with used shotty parts by a shady, non-reputable, non-rotary shop. It is not an FD any enthusiast would wish to own. Pretty mush if it's under $13k or $14k theres something seriously wrong with it or it's an auto. It takes a lot of investigation of the car to ensure it's in tip top shape. And price is usually your first indicator of what kind of shape the car is in.

And credit history. But yes private banks are your best option. Lower interest rates and payments plus they'll discount your payment if you set up an auto draft payment.

 

hey red, if you ever need someone to look over the FD, give me a ring...uh i'm actually changing phone plans tomorrow so i'll PM u my phone number. btw, both tims are reasonable. and about wut tim wrote above, the illtech shop is great shop, the people there are nice, the price of what they charge isn't bad, and they do great work overall....but i wouldn't go there for rotary work. seriously, its worth the drive (or tow on situation) to go to pineapple, or if thats too far, jerry is kinda rough on the edges with how he talks, but he's a great guy and has loads of experience. yea, wut tim wrote earlier is correct too, i had to use money from my "pain and suffering" from my back surgery (car accident people, not my fault) to cover for parts and such, which was going to be my "maybe make a downpayment on a house" money. so be careful with what you do, because unlike a house, a car is NOT a smart investment and will only cost you money and depreciate. save up, and if u need help just pm me!

 

yeah so mabye getting a loan from a bank is my best bet... but well see... i still want to do a little more research before i make a decision... i seriously want an FD though.. but who on Rx7 club doesnt... lol

 

You would do better to use your saved money to purchase a house with interest rates and values as low as they are. Then when the economy picks back up and the value of your home does as well, take out some equity and purchase a FD outright. The car is a tax write-off at that point. Check out foreclosures and bank repos. If you fix up your credit and your new house, you can sell in the near future for a tidy profit and achieve your FD dream as well. Don't buy the first one you see, do some homework. That goes for both the car and property. I love my FD, wish you best of luck!

 

Definite must haves for owning an FD:

- Spare money to throw at it.
- Alternate mode of transportation.
- Mechanical inclination OR more spare money to throw at it.

In all honesty Red, when I bought my FD, I did something similar to what you were planning. Save up about 5k, put the money down on the car, finance the rest.

First, the financing on the car was a pain in the a$$ to get. I ended up arguing with a lender and I couldn't actually get an auto loan for the car, and ended up taking a personal loan out.

Second, I bought the car for about 13.5k w/ 50k on the car, and 4k on a brand new engine. 3 years later, I just put in the 3rd engine the car has had @ 65k miles, a new set of turbos, as
well as looking at replacing all of the turbo control solenoids. Not to mention another clutch. All and all, I am way past even 18k in total cost of ownership.

Lastly, all of my friends tell me to buy a new car, but after tasting the awesomeness of the FD, and driving the other sports cars out there, I feel like its money well spent. Do not buy unless you are ready to be committed for a long time

Rotor FTW!

 

Dont finance it. Just wait till your out of college and get a job then buy one outright. Also, +1 for purchasing a house first. Definite guarantee it will appreciate, rather than drop. If you do that, like somebody said before, just use the equity to buy it out right. Much better in the long run.