To keep the speed6 or not?

[MakeMeGoFast]

Also if you can afford the payments who cares but most like myself don't want the debt, and wouldn't make the mistake of buying another car, no matter how good a deal it was.

Hence the honesty

I've got 3 more months on my Pro and am gonna do everything in my power not to get stuck in another car lone/payment.

 

[enjoy_]

The payments ain't a big deal. Dual income ftw!

 

[element1290]

then keep em bout man, i am sure they both are a blast to drive

 

[enjoy_]

yep. all the cars are. i just love boost!!!

 

[Evolved]

Sell the EVO period...

Pshhh, (freak).....what are you smoking? Evo > MS6 all day in terms of handling, power, responsiveness to mods, etc.

 

[enjoy_]

ya no doubt. i actually kept up in the ms6 with the evo when i first got it..now that it has been broken in more i need to race it again..

 

[Barney Stinson]

ah america... land of living beyond your means. Owe 16k on a car that cost 23k 3 years ago. Great financial decision.

 

[1sty]

What you have not said is why you have 5 cars in the first place or why you in anyway need this one?
Where you may owe more then the book value of the car, the bank might not even let you sell it. You would have to pay down the loan and then you could sell it off.
I hate to say it but your finances are not in good order.
The only people that could not get a loan during the panic of 08-09 where people with under a 700 FICO score. If you were over that, there was money to be lent.
If your not over that, then your finances are not in good order.

So objectively, if this car really offers you nothing as you have plenty others and the loan is a complete turd ( I am guessing somewhere on the order of a $25K loan over 6 years with an 18% APR?)...then pay down the loan ASAP to where the bank will allow you to sell the car.
If you feel you have to keep it then refinance the loan to a 3 year loan with a better interest rate.

The rust, and little issues are not of significance. If you really could afford the car the loan would not be this bad, the banks would have allowed you to refinanced or you would have been able to pay extra principle toward the loan over the past 3 years.


To Barney, that's not America, that's the duality of America has become.
20% of the people are barely enough to even pay income taxes but they want the people like me to bail them out of their mortgages on houses twice the size of mine, pay for their heathcare when they live off fast food, and pay for their kids while I cant imagine having a second because I know I cant afford it even though I make well above the average income in the US.

 

[buttons]

Not so much negativity as honesty. tends to happen a lot on this forum

If you got the Evo for a steal flip it, make a profit, take profit and put towards your upside down MS6

I tend to think there is a lot of negativity... not so much on this thread but mazda forums in general.

I have to agree with the others though. five cars? I wouldnt have five cars if i was a millionaire. I am also upside down on my mazdaspeed so i decided to keep it for the long haul and make it enjoyable to drive with a few mods.

The evo is obviously the better enthusaist car. weighs less, mods better, superior awd system, better aftermarket support...

If anything id sell the altima and make the MS6 the DD and the evo a track car / weekend warrior.

 

[ajv915]

ya no doubt. i actually kept up in the ms6 with the evo when i first got it..now that it has been broken in more i need to race it again..

from what you said before, I would keep both. If you like the ms6 for long trips and whatnot, then keep it just for those. Make your Evo your track car and be done with it. If your Ok with all the financial stuff (which really is nobody's business) who cares how many cars you have or how upside down your loans are. Each car can serve just one purpose as long as it works out for you.

 

[KrGsMrNKusinagi]

Why?

Because there are more Evos on the street than Mazdaspeed6s.. Then again its all up to you if you want something more OG keep the MS6 if you want something more available to the market keep the Evo.

But remember when you roll up your just another Evo

 

[Evolved]

Because there are more Evos on the street than Mazdaspeed6s.. Then again its all up to you if you want something more OG keep the MS6 if you want something more available to the market keep the Evo.

But remember when you roll up your just another Evo

I don't see that many Pinto's on the road, so by your logic that would be a more desireable car based on exclusivity?? Here in St. Louis I see more MS6's than I do Evo X's. Not bashing on the MS6 (I obviously drive one) but there is a reason that the Evo has been in production since the early/mid 90's and the MS6 stopped after 2 of production.

 

[Barney Stinson]

To Barney, that's not America, that's the duality of America has become.
20% of the people are barely enough to even pay income taxes but they want the people like me to bail them out of their mortgages on houses twice the size of mine, pay for their heathcare when they live off fast food, and pay for their kids while I cant imagine having a second because I know I cant afford it even though I make well above the average income in the US.

clearly alot of americans are financially irresponsible, including the gov with their 13trillion in debt. America is likely to fall from the weight of its own debt, the way we're living is not sustainable.

http://www.google.com/hostednews/ap/article/ALeqM5g74qg6iCDzFlCHhjsiBGFIHAiJPQD9GTIVU80

"Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use."

 

[Evolved]

(hand)

The guy is not asking help from e-financial professionals. I forgot that on the internet everyone has zero debt, owns houses free and clear and exemplifies model financial behavior ALL OF THE TIME....that is, except the person that starts a thread asking what to do. The guy was asking about his car, not about his finances.

And to the poster above me, it's not all that hard to believe that 25.5% of people are below 599. Especially since 675 is the average score, meaning 50% of people are below 675.

 

[ajv915]

You could always determine which cars to keep by the "How Jalopnik is your car?" scores

 

[enjoy_]

ah america... land of living beyond your means. Owe 16k on a car that cost 23k 3 years ago. Great financial decision.

ya thanks for the life lesson(ugh)

 

[Barney Stinson]

ya thanks for the life lesson(ugh)

you clearly need a wake up call.

 

[enjoy_]

What you have not said is why you have 5 cars in the first place or why you in anyway need this one?
Where you may owe more then the book value of the car, the bank might not even let you sell it. You would have to pay down the loan and then you could sell it off.
I hate to say it but your finances are not in good order.
The only people that could not get a loan during the panic of 08-09 where people with under a 700 FICO score. If you were over that, there was money to be lent.
If your not over that, then your finances are not in good order.

So objectively, if this car really offers you nothing as you have plenty others and the loan is a complete turd ( I am guessing somewhere on the order of a $25K loan over 6 years with an 18% APR?)...then pay down the loan ASAP to where the bank will allow you to sell the car.
If you feel you have to keep it then refinance the loan to a 3 year loan with a better interest rate.

The rust, and little issues are not of significance. If you really could afford the car the loan would not be this bad, the banks would have allowed you to refinanced or you would have been able to pay extra principle toward the loan over the past 3 years.


To Barney, that's not America, that's the duality of America has become.
20% of the people are barely enough to even pay income taxes but they want the people like me to bail them out of their mortgages on houses twice the size of mine, pay for their heathcare when they live off fast food, and pay for their kids while I cant imagine having a second because I know I cant afford it even though I make well above the average income in the US.

i own 5+ cars because thats what im all about. is cars. now that i refinanced the mazda i dont really care to sell it at this point unless in which i can but if someone really wants it for 16k and i dont see that happening. i got a awesome loan on both cars so financially its good. well minus that i owe more than its worth. but i really doesnt bug me that much for some reason..

 

[enjoy_]

I tend to think there is a lot of negativity... not so much on this thread but mazda forums in general.

I have to agree with the others though. five cars? I wouldnt have five cars if i was a millionaire. I am also upside down on my mazdaspeed so i decided to keep it for the long haul and make it enjoyable to drive with a few mods.

The evo is obviously the better enthusaist car. weighs less, mods better, superior awd system, better aftermarket support...

If anything id sell the altima and make the MS6 the DD and the evo a track car / weekend warrior.

thats why i never have bothered to post here..

its 5 cars for two people though..im thinking of selling the altima or parting it out..funny because its faster than the mazda and evo and one of the 240's

 

[enjoy_]

from what you said before, I would keep both. If you like the ms6 for long trips and whatnot, then keep it just for those. Make your Evo your track car and be done with it. If your Ok with all the financial stuff (which really is nobody's business) who cares how many cars you have or how upside down your loans are. Each car can serve just one purpose as long as it works out for you.

ya no s***. who realy cares about my financial situation? i honestly dont give two s**** what anyone thinks if im financially set or not. the mazda is the only upside down car i have ever owned and oh well.