What to do!!!

CrashTeam · Post by **CrashTeam** » Thu Nov 03, 2005 1:06 pm

I found a Srt-4, 04' 16K miles, Nothing wrong with it... $14,500

Should I?
I did a progressive quote on the srt copared to my sxt, only 20 or so a month difference.

I owe around 5K on my sxt... Jeeze I dont know what to do!
I imagin it would cost me around 270 a month for payments...

Agian I ask, Should I?

KB9QDI · Post by **KB9QDI** » Thu Nov 03, 2005 1:51 pm

Less than 2 years left on the SXT loan vs a SRT with a new loan of $19,500 @ a minium of 5 years........Fuck that!

Not worth it. I bet you haven't called your insurance Company either. That will increase a ton also unless you have a perfect driving record,married and over the age of 27. If you have these you'll be ok. If not......get out the anal ease!

Keep the SXT unless you like to lose $$

I ran into the same delima 2 years ago. Mine was buy a house or buy a SRT? I now own a nice home with a garage to work on my SXT instead

CrashTeam · Post by **CrashTeam** » Thu Nov 03, 2005 4:38 pm

How do you get 19,500 for an srt?

My sxt is worth 7K to a trade and with what I owe, That would be more then taken care of. It would be a loan of only around 12,500 which was less of a loan then I had on my Daewoo...

No I didnt call the insurance company, Im already paying 220 a month for my sxt, I dont see it going up that much farther... Like i said, progressive quoted me at a slightly lower rate then my current, then raised only 20 bucks for the srt model. I stick with allstate for the reputation and cheap home owners insurance.
I got over 900 bucks back on my loan when I cancelled my warranty, plus Ive been paying on it for a year now.

Id like to know where you got the 19,500 though?

22stars · Post by **22stars** » Thu Nov 03, 2005 5:23 pm

he gave you that figure with interest included after all the payments have been made

CrashTeam · Post by **CrashTeam** » Thu Nov 03, 2005 5:30 pm

Good lord, That would be a high freakin intrest rate!

Muzzysgirl · Post by **Muzzysgirl** » Thu Nov 03, 2005 5:31 pm

Do what you like best. IF you want to get one, I say go for it.

Having a nice vehicle that we want is what makes working worth it.

We're looking at starting all over again with our truck and getting the SRT-10. It's not final yet, but something we both want. It's not economical, or for kids, or the dog. Just something for my hubby and I to have fun in.

It all just depends on what you want it for.

22stars · Post by **22stars** » Thu Nov 03, 2005 6:18 pm

CrashTeam wrote:Good lord, That would be a high freakin intrest rate!

...well with the $12,500 price, that's about 19.99% - and if he figured the cost was $14,500, then his figure is based on a 12.99% rate ... and those are common rates people get for car loans...

and never forget that although your vehicle is worth $7000.00 (more i think), the dealer won't give you that much (at least they don't want to)

- Tony

Muzzysgirl · Post by **Muzzysgirl** » Thu Nov 03, 2005 6:37 pm

22stars wrote:
CrashTeam wrote:Good lord, That would be a high freakin intrest rate!
...well with the $12,500 price, that's about 19.99% - and if he figured the cost was $14,500, then his figure is based on a 12.99% rate ... and those are common rates people get for car loans...

and never forget that although your vehicle is worth $7000.00 (more i think), the dealer won't give you that much (at least they don't want to)

- Tony

Ugh... not really. Those are more like credit card rates. (In Iowa) On new, I typically get 4.75-5% and on my used around 7-8%.

22stars · Post by **22stars** » Thu Nov 03, 2005 6:46 pm

Muzzysgirl wrote:
22stars wrote:
CrashTeam wrote:Good lord, That would be a high freakin intrest rate!
...well with the $12,500 price, that's about 19.99% - and if he figured the cost was $14,500, then his figure is based on a 12.99% rate ... and those are common rates people get for car loans...

and never forget that although your vehicle is worth $7000.00 (more i think), the dealer won't give you that much (at least they don't want to)

- Tony
Ugh... not really. Those are more like credit card rates. (In Iowa) On new, I typically get 4.75-5% and on my used around 7-8%.

i work for a company called Dealer Financial Systems Inc. during the day (i thank them for my internet access

) - i do loan brokering for them and i close loans for people at the lots and such ... i've made deals with interest rates ranging from 4.5% to 36.99% - it all depends on your credit, and with our countries further declining of credit scores throughout ... the most common rates i see here when i'm doing loans are between 12.99% and 18.99%

thank the lord my car is at 5.00%, i'd be pissed

- Tony

P.S.: sorry to hi-jack your thread crashteam

KB9QDI · Post by **KB9QDI** » Thu Nov 03, 2005 7:26 pm

Ok....Here's kb9qdi's break down.......

Kbb.com trade value on a 03 SXT 5spd is 6,300 max in perfect condition fully loaded.

Say you owe $7,300 on your car now and they give you $6,300 on trade. That leaves $1000.00 to add to the loan amount plus tax and title amount that will total arround $1000.00 at say.....6.19% if your super lucky. Used car rates are usually higher.

That has you buying the car for $14500.00 + $1000.00 you still owe on your car + $1000.00 in taxes/title fees that total $16500.00 borrowed.

$16500.00 for 60 mo. @ 6.19% comes to $320.45 per month at a total of $19,227.06 in payments over 5 years.

A used 2004 used SRT is worth $14500.00 MAX trade in value now and the value will only go down from here.

If you are cool paying $19k+ for a car only worth $14k go for it.

KBB.com has a payment caluclator on ther site. It's a good source to figure out payments. Figure on your payment always being arround $20 per thousand borrowed. So $16.5 x $20 = $330.00 rough payment depending on intrest rates.

It's your money. I'm just telling you it's not worth it. Keep your SXT,pay it off in less than 2 years then trade it/sell it and buy a SRT if you still want one.

CrashTeam · Post by **CrashTeam** » Thu Nov 03, 2005 8:03 pm

KBB=crap anywhere will tell you NADA is what they go by

Both my current car loans are at 6.25%

No hijack worries here whore this post up all you want

BlackRoseRacing · Post by **BlackRoseRacing** » Thu Nov 03, 2005 8:07 pm

lol....sounds familiar....
No credit,No down payment...I got into an 03 SXT at 17% interest through DCx financial. After 1 year my 02 R/T showed up and I re-financed through the UAW credit union at 5% interest...
My 03 SXT at 7k miles was mint and worth only $7k. even though after interest and payments I'd pay $18k. I got my R/T at an even trade value wise and now im only paying $13k....what sucks is the car is still only worth $7k...

KB9QDI · Post by **KB9QDI** » Thu Nov 03, 2005 8:40 pm

CrashTeam wrote:KBB=crap anywhere will tell you NADA is what they go by

Both my current car loans are at 6.25%

No hijack worries here whore this post up all you want

Ok....6.25% is even higher than 6.19% I figured it out at!!

Hell.....NADA only values it at $7,100.00 max if your lucky.

Say you buy the car for $14,500 plus your tax/title fees @ 6.19% and they pay off your car.

You'll be borrowing $15,500.00 @ 6.19% for 60mo.

Even then you'll still pay at least $300.00 a month with a total of $18,000+ when your 60mo term is up.

Do you want to pay that for a car that isn't worth it now or ever? If you do...go for it....Lose away, I don't care.

Again......It's your life, your money and your decision. I'm just telling you the facts, not whoring this post up

Don't ask people "What to do" if you don't want to hear the truth/facts

dblsg · Post by **dblsg** » Fri Nov 04, 2005 1:34 am

the way is see it....... is it worth it to you?
you might end up paying 20 grand, but if your cool with it, why not?
but then again, you are only 20... and hopefully you have plenty of years left in your life to get a better deal.

DJ CptnCrnch · Post by **DJ CptnCrnch** » Fri Nov 04, 2005 8:42 am

There has to be something wrong with that SRT4...its to cheap with low miles....is it a dealer selling it, or a private party??/

CrashTeam · Post by **CrashTeam** » Fri Nov 04, 2005 10:41 am

DJ CptnCrnch wrote:There has to be something wrong with that SRT4...its to cheap with low miles....is it a dealer selling it, or a private party??/

Its a dealer, I still dont know what Ill do, its a few hours away so I might not even bother. The guy told me over the phone that it is marked locally at 15,900 just he does internet specials.

KB9QDI- Thank you for the advice, I wasn't trying to be a dick or anything, Its just the last few times Ive purchased cars I guess Ive had had a different perspective then you. Sorry to come off wrong

Well I still dont know whats gonna happen, I may go up tommarow to Iowa and look at it... Duno Yet. Muzzy its in Ceder Rapids! I figure youd know where thats at.
Anywho

Thanks for all the opinions.

KB9QDI · Post by **KB9QDI** » Fri Nov 04, 2005 12:49 pm

CrashTeam wrote:
DJ CptnCrnch wrote:There has to be something wrong with that SRT4...its to cheap with low miles....is it a dealer selling it, or a private party??/
Its a dealer, I still dont know what Ill do, its a few hours away so I might not even bother. The guy told me over the phone that it is marked locally at 15,900 just he does internet specials.

KB9QDI- Thank you for the advice, I wasn't trying to be a dick or anything, Its just the last few times Ive purchased cars I guess Ive had had a different perspective then you. Sorry to come off wrong

Well I still dont know whats gonna happen, I may go up tommarow to Iowa and look at it... Duno Yet. Muzzy its in Ceder Rapids! I figure youd know where thats at.
Anywho

Thanks for all the opinions.

No problem. I've just been down this road many times and don't like seeing dealers ass rape people for a car that they want, not need. I understand wanting a SRT over a SXT....I am/was in the same boat 2 years ago when buying my SXT. I still have a very nice car and don't beat it like I would a SRT. If you have the power you will use it and more than likley you'll break something or get a ticket playing on the street. We've all been there

Turbo cars will alway be there and when the time is right to buy one I will. Thats how I look at it. You'll laugh at me now but as you get older you'll find that things like this are less important and you'll find yourself spending your money on your house, wife and kids.....not you car so much. (You'll just be hiding it from your wife then)

Just don't let me catch ya rambling on and on like me in the post

22stars · Post by **22stars** » Fri Nov 04, 2005 1:10 pm

No problem. I've just been down this road many times and don't like seeing dealers ass rape people for a car that they want, not need. I understand wanting a SRT over a SXT....I am/was in the same boat 2 years ago when buying my SXT. I still have a very nice car and don't beat it like I would a SRT. If you have the power you will use it and more than likley you'll break something or get a ticket playing on the street. We've all been there

Turbo cars will alway be there and when the time is right to buy one I will. Thats how I look at it. You'll laugh at me now but as you get older you'll find that things like this are less important and you'll find yourself spending your money on your house, wife and kids.....not you car so much. (You'll just be hiding it from your wife then)

+ 1

- Tony

Muzzysgirl · Post by **Muzzysgirl** » Fri Nov 04, 2005 4:41 pm

Hey! I live just outside of CR (exit 10, you'll know when you drive by!). You must be getting from Bob Mickey or is it a different dealer??? Anywho! Call me if you come into town! I'll be in Davenport in the morning looking at the truck again. But if you do come, please let me know!

319-533-8439
Tiff

CrashTeam · Post by **CrashTeam** » Fri Nov 04, 2005 5:37 pm

KB9QDI wrote: No problem. I've just been down this road many times and don't like seeing dealers ass rape people for a car that they want, not need. I understand wanting a SRT over a SXT....I am/was in the same boat 2 years ago when buying my SXT. I still have a very nice car and don't beat it like I would a SRT. If you have the power you will use it and more than likley you'll break something or get a ticket playing on the street. We've all been there

Turbo cars will alway be there and when the time is right to buy one I will. Thats how I look at it. You'll laugh at me now but as you get older you'll find that things like this are less important and you'll find yourself spending your money on your house, wife and kids.....not you car so much. (You'll just be hiding it from your wife then)

Just don't let me catch ya rambling on and on like me in the post

I know too what you mean, I got one on the way

the house is already paid for though which is a huge +

Anywho Muzzy Ill just give ya the link... Well I was going to but its no longer listed... That asswhole better not have sold it!

Ill let you know what I find out...
Edit: http://www.autotrader.com/dealers/invie ... &cardist=0

Muzzysgirl · Post by **Muzzysgirl** » Fri Nov 04, 2005 5:55 pm

AH! I've looked looked at that little booger! I just talked to the guy. They haven't sold it yet. They are open from 9-3 tomorrow. LOL. He said that it's a hennesy (sp) edition. I'm not familiar with that, and I think the low price is due to the lack of his knowledge of the vehicle. He told me he didn't know a whole lot about the car.

Tiff

22stars · Post by **22stars** » Fri Nov 04, 2005 5:57 pm

if i were you i'd request a carfax report from the dealer just to be sure all is good, especially with an asking price like that with such low miles ... either that or spend the ten bucks it costs to get one on your own - they've saved me before man

i'm not trying to put down your hopes for this car, i'm just saying be careful and if it's all good - more power to you and congratulations

- Tony

Frizbe · Post by **Frizbe** » Fri Nov 04, 2005 6:12 pm

Must be the wheels, thats why its marked down so low.

dblsg · Post by **dblsg** » Fri Nov 04, 2005 6:36 pm

i know dodge made a henessy edition of the viper... i think it was a twin turbo... not sure about the turbos.

22stars · Post by **22stars** » Fri Nov 04, 2005 6:38 pm

yeah, i've been looking that up too ... only a hennessey viper and a hennessey venom 650R (???) were found ... nothing on a hennessey edition neon or SRT4

- Tony

Muzzysgirl · Post by **Muzzysgirl** » Fri Nov 04, 2005 6:47 pm

Yeah.. the back of it says hennessy edition 350

22stars · Post by **22stars** » Fri Nov 04, 2005 6:51 pm

damn ... i'm still only finding things on vipers

maybe it's something the previous owner did to it to make it seem different

now i'm all sorts of interested myself ... DAMN!

dblsg · Post by **dblsg** » Fri Nov 04, 2005 6:54 pm

hmmm, i could sure go for an srt-4

KB9QDI · Post by **KB9QDI** » Fri Nov 04, 2005 7:26 pm

If it's truly a Hennessey it's now a Great buy at $14,500

Fuck everything I said before....Sell the kids,wife and the house!!!

http://www.hennesseyperformance.com/hen ... nReq=Where

Neon SRT4 - Venom 300 - 300 HP Upgrade Package

Includes:

(4) 527cc/min fuel injectors
MOPAR Performance ECM
Stainless Steel Turbo Down Pipe
HKS Blow-Off Valve
Cold Air Induction Upgrade
255 LPH Fuel Pump Upgrade
Adjustable Boost Controller
Venom 300 Exterior Badges

Frizbe · Post by **Frizbe** » Sat Nov 05, 2005 2:07 am

dblsg wrote:i know dodge made a henessy edition of the viper... i think it was a twin turbo... not sure about the turbos.

Henessy is like Saleen, sperate companies from Dodge and Ford (respectivly). The Henessy Viper is a twin turbo beast with something on the lines of 800 horsepower on the lowerend tune and 1000+ on the better tune.