2004 Evolution VIII (Possability)

nFiniteTuning · 01-23-2005, 03:47 AM

well....I've been looking for a new job for a while....selling performance parts isn't workin out too well. I have an interview for Sandia National Labs on Kirtland AFB in Albuquerque, NM. There is a high chance I'm getting it. And if I dont, I have like 10 other high paying oportunities...

Well I have to start thinking about how to better my life...most of these jobs higher you with a 5-8 year contract. These are career jobs...not "you'll be making this ammount for the rest of your time here" jobs....These are the jobs that if your performance is high enough, you get a 50C raise or a $1 raise. Recently at the labs, my dad was just raised from 25 to 28 an hour. Every benifit in the book. This is my oportunity to take care of me and my fiance. So we started lookin at apartments and cars....just looking. Getting an idea of what we want.

Well an Evo8 came into the equasion. Yeah I know its expensive...36,619 to be exact. But I got the insurance on it down to 300 a month and after me and my girl get married, it will be 250. They say they will work me a deal on it...but I dont know if they can knock off 2grand. I'm sure I can afford it, thats around 550 a month on car payment, and then 300 on insurance. But that leaves me with around 1100 to play with for rent on an apartment, gas, and getting groceries. My fiance works, but she makes 6 an hour. She says when her car payments are gone, she'll help out by buying groceries...that way I can afford to modify my car and hers.

I need to talk to someone about this, so I figure why not you guys...this is the only forum I post on now. All my friends are busy. And I do not want to inform my parents on the new car thing, cause I wont hear the end of it. My parents have been telling me I need to get a new car with this job, and my brothers tell me I need to get my own place, with this new job. So what do you think....

12 an hour, 40 hours a week, Paid Training, severe upgrades on your knowledge. 8 year contract...

500 more or less car payment, 300 insurance, around 500 on rent....with whatever is left for other things we need.

rushnrockt · 01-23-2005, 04:17 AM

Quote: Originally Posted by nFiniteTuning

500 more or less car payment, 300 insurance, around 500 on rent....with whatever is left for other things we need.

I would assume that you have no debts to worry about if you are already looking for a new car. For the kind of salary you are talking about, Evo seems like a rather expensive toy (toy, not tool) to look at. Although it is a rather nice sports car, one of my friends got it, it is far from being very functional.
If you are hoping to keep the car as long as you have kept your Honda, and I would expect that out of an expensive car, consider these things:
1) This car is based on Mitsu Lancer, not known for an entirely amazing reliability record. Evo's are already known to have rusting issues.
2) The levels of turbocharging required to keep this car going will surely destroy the engine before you $36,000 worth of fun have been cashed in.
3) It is a harsh daily driver, I hope you (and anyone else that comes with you) can handle that.
4) If you ever do any kind of racing and Mitsu finds out about it, your warranty is going bye-bye. Same goes for any mods done to the car.
5) It's $36k!!!!

I would recommend for a nice useful new/used car as your primary car for now (new accord, camry, whatever) and after waiting for a litle while, as hard as that can be, get either an Evo or WRX STi. As a second car, it will last you a hell of a lot longer than as a primary car. And yeah, despite loosing to Evo by a few subjective tests in some car magazines, STi is just as good, you would not know the difference. And you can get much better deals on it. One of my friends got it for 32k and another one for 28k.

So good luck with interviews and spend wisely

nFiniteTuning · 01-23-2005, 04:35 AM

I know all about the lancer. Its my dream car. I used to want to ship a Evo6 over seas soo bad. I live in new mexico, there are no rusting issues lol. The engine is a 2005 Reversed 4G63T...with a 16G Turbo. It should last as long as my friends 1990 Eclipse GSX's with his 20G. Harsh daily driver..you need to take a ride in my accord...thats hell. I allready spoke to the mitsubishi dealership about moding it and warenty. They will continue to waranty the car, but will not waranty the parts you put on it. So if one of those cause the problem with whatever, its your money to fix it. Same goes with WRX. I have a friend with a 9 second WRX....His waranty is zip. And thats his daily driver. I dont want this Lancer for a race car. Sure I might race someone every now and then on the street...but I just want this car as...a car, as my baby.

I've looked at the numbers of evo's sold in my state...and a total of 3 have been sold within 8000 miles...which I did just find a used 04 for 30grand...but that would mean I'd have to go through my bank.

Scouse Monkey · 01-23-2005, 07:10 AM

Jsut do it! Might be the only chance you get to buy a car like that (before kids 'n all)

BUT: those things cost a lot to run! the warranty will last about 3 years (amazing for a cartuned like that but its a mitsubishi so should last) but the servicing and rnning costs will be bloody expensive and that is were most people fall down - they can afford the car but can't afford to look after it and there is no point spending money looking after a car that you could spend on other things like your fiance, a house, nice kitchen etc.

I would say look at the running costs very closely (the 400hp version requires very frequent servicing and tyres are very expensive). YOu might be better going for a slightly less tuned model like not getting the top of the range Evo but one of the lower power models like the 280 (do they do even lower). After all, i would really love to get a Scooby WRX or WRX SL (2003 model) in 8-12 months and i know i could afford the car if i get back into University halls as a tutor - £700 a year rent, £75 a year broadband, no electricity or gas bills etc). Yeah i would love an STI but i doubt it is worth the extra money to the amount of fun it will give me. The WRX has 225bhp with a 0-60 of 5.9 seconds, i currently drive a 1.6 pug 306! You can bank on the STI consting my almost twice as much overall due to bigger brakes, higher insurance, higher fuel consumption and higher purchase price.

I like evos but prefer a scooby and now they have kind of lost some of their boy racer image over here as they have matured you can find a good condition 2003 model wih under 20k on it for £13k - and when i am looking to by that will be down another couple of grand. I look after my cars - i drive them hard but fair - i don't believe in changing gear at 2000rpm in a petrol car and if the conditions permit i have abit of fun - but i don't park up curbs, go fast over speed bumps, over-rev it etc and i really want 4wd for safety (used to race 2wd and 4wd RC cars and the same feleing of security is evident in real cars).

As long as you are sensible and don't go for the top of the line silly quick and silly impracticle model then i say do it. The slower models can also be faster on public roads as the lower boost pressure is obtained faster so the engine has a more usable power band)

nFiniteTuning · 01-23-2005, 04:57 PM

WOAH Wait a minute there Scouse...your speaking of non USDM Models haha. The highest model Evo you can get here is the EvoMR. And the only differences from the EvoMR to the Evo8 is the MR comes with 6spd tranny, different turbo config for smoother turbo spool, tri gauge kit in the center of the dash, something on the rear roof that is supposed to be an aerodynamic mod, and it comes with BBS Wheels. The EvoRS, Evo8 and EvoMR all put out 271hp, and 280lbs of tq. The gas mileage is 18City and 25 Highway. I like WRX's too, but you really should chill in new mexico for a week...there are almost more Scooby's then Civics.

Stock USDM Evo8 Vs. Stock USDM STI, STi will give the evo8 competition but the STI is a tad slower. Here STi's run stock 13 seconds in the quarter mile, Evo8's run 12 seconds. Regular WRX's stock run 16 seconds but if you do the 12 to 15psi boost mod, it will run 15 seconds. I know all this cause my good friend has a 10 second WRX. I was with him through 16-12 seconds...then he moved and did some turbo upgrades and some fuel managment.

What some of the evo people here in town are saying, is I can add a full exhaust, and engine managment, I can run 11 seconds easily and still be a daily driver.

nFiniteTuning · 01-23-2005, 05:06 PM

Ohh yeah, one more thing....I have other car's too. I have and will be keeping the Honda Accord. I have a 87 Fiero Coupe, and my fiance has a 96 Stratus. And I'll only be driving it like 10 miles a day...To work and back.

wizardPC · 01-23-2005, 05:30 PM

12*40*52 = $24,960 gross, or about $20,000 take home.

YOU CANNOT AFFORD THIS CAR!

You turn 20 next month. It's not like its gonna kill you to wait a while to get a new car, not that I think anyone should ever get a new car.

www.daveramsey.com

rushnrockt · 01-23-2005, 05:36 PM

Quote: Originally Posted by nFiniteTuning

WOAH Wait a minute there Scouse...your speaking of non USDM Models haha. The highest model Evo you can get here is the EvoMR. And the only differences from the EvoMR to the Evo8 is the MR comes with 6spd tranny, different turbo config for smoother turbo spool, tri gauge kit in the center of the dash, something on the rear roof that is supposed to be an aerodynamic mod, and it comes with BBS Wheels. The EvoRS, Evo8 and EvoMR all put out 271hp, and 280lbs of tq. The gas mileage is 18City and 25 Highway. I like WRX's too, but you really should chill in new mexico for a week...there are almost more Scooby's then Civics.

Stock USDM Evo8 Vs. Stock USDM STI, STi will give the evo8 competition but the STI is a tad slower. Here STi's run stock 13 seconds in the quarter mile, Evo8's run 12 seconds. Regular WRX's stock run 16 seconds but if you do the 12 to 15psi boost mod, it will run 15 seconds. I know all this cause my good friend has a 10 second WRX. I was with him through 16-12 seconds...then he moved and did some turbo upgrades and some fuel managment.

What some of the evo people here in town are saying, is I can add a full exhaust, and engine managment, I can run 11 seconds easily and still be a daily driver.

Not quite sure where you've been getting your numbers from. MR actually has 276hp/286lbs. Stock, it can do a "12 second qaurter" only if you do increase the boost and/or do other engine mods. It's stock numbers are 13.4 seconds, and the "regular" Evo gets it at 13.6 seconds. My friend had to modify his Evo quite heavily to get into mid 12s. He is close to 400hp now and his 0-60 times are mind blowing, but the nature of a high boost 2.0 does not let it translate into even crazier quarter mile times. WRX STi in fact has a slightly faster quarter mile time of 13.2 and the only way it "looses" to Evo is the seat of the pants experience, highly subjective so I am not arguing that part, to each their own. (all info from a respected mag known as Car & Driver)

And although New Mexico might have some nice roads and weather, hotter air definitely won't make a turbo run better there than in does in Michigan (the place where the numbers above were obtained).

Your numbers on WRX are a bit off too, they run at worst 15 second quarter and faster and the stock boost for STi is only 14.5 PSI, versus 19 PSI for Evo.

So judging by the slant of the numbers you have put here, you already made up your mind and Evo is the way you are gonna go. I won't argue with your decision, although I have other reservations about some of the technical stuff you mentioned, BUT I have one recomendation:

Have the dealership write out all they told you about warranty, how they will still honor it even if you race it or modify it. You might not have heard that, but Mitsu has been proactive in voiding warranties, they check out racing lists and then void warranties of the participants. It is a known issue and you should be aware of that. So make them write out their promise, sign it (with blood preferably) and if they give you any crap later on (and they will) show them the paper. Enjoy the ride! I might not agree with the numbers you quote, but I will still be jealous

Scouse Monkey · 01-23-2005, 05:37 PM

271bhp! crap!!!! 1/4 mile times mean nothing to me! nothing at all!

All the scoobies i see lately (new models not the old ones) have old men driving them (50 up). I have no interestin modifying my car at all - i would get nailed on insurance. 225hp is enough for me (for now). i don't see the point in a cat that can win the traffic light grand prix. Our roads are too small and driving rounds bends on country lanes is so much mroe fun. I would sooner spend my money on my car PC, decent tires and decent brakes before attempting aftermarket engine tune-ups. Over here we have a 400hp evo and we will be getting a similarly equiped scooby soon when the new model comes out in a few months. The thing i love about these cars is yeah they have 0-60 times in under 6 seconds but they go round bends like they are glued to the road. JC on topgear was tail sliding the new Evo 8 with 1 finger on the wheel and then he dicked all over a lambo with a racing driver behind the wheel. Yeah it had a faster 0-60 but the lambo had more top end but it was on the bends he was all over it. 4wd lambo V 4wd Evo and the evo spanked it as it had such an incredible setup with the yaw control and centre diff etc.

If you want to beat your mates go get an Atom - only car faster on top gear was an Enzo. It has a 300hp engine and weighs 500kg. twice the power to weight ratio of any of your evos!

nFiniteTuning · 01-23-2005, 05:55 PM

Quote: Originally Posted by wizardPC

12*40*52 = $24,960 gross, or about $20,000 take home.

YOU CANNOT AFFORD THIS CAR!

You turn 20 next month. It's not like its gonna kill you to wait a while to get a new car, not that I think anyone should ever get a new car.

www.daveramsey.com

Uhm, HAHA yes I can....$1800 take home exactly. The car payment will be 560 a month, Insurance is 300 a month, that leaves me with 940 a month to play with. I want this 2004 Evo8 because its the last of its kind (on the spec sheet) in the ENTIRE STATE OF NEW MEXICO! The rest cost 5grand more.

$12 x 80Hours A Week = $960 gross x 2 pay periods a month = $1920 Gross a month - Taxes (if my calculations are correct, which they most likely are) = $1800-$1850 - Car Payment W/5% APR Financing = 1240 - Car Insurance = $940 - Rent = $505.

So that means I have $500 to do whatever I want with, every month. To be financed through Mitsubishi (not through my credit union which will most likely give me a better percentage...WAY BETTER!) you have to make 3 times the ammount of your monthly payment, gross! 560 x 3 = $1680. So I make MORE then enough to finance through Mitsubishi. I belive my percentage through my credit union will be 3% APR. So that means I am gettin close to making 4 times the car payment

nFiniteTuning · 01-23-2005, 06:03 PM

scouce...yeah well you suck! :P JP haha...Euro/JDM spec cars are allways better then USDM. I'd love to see pics of your 306. I love the 306

Rushn, I'm just goin off of what my friends wrx ran stock. It ran low 16 seconds here fully stock. When we did the 15psi boost mod, it ran 15 seconds. Then we did a BOV...and I didn't think that would help..but he was able to run a 14.9. Then we did a Down Pipe, and it ran 14. We did up pipe, it did 13.5. Then we installed a manual boost controler and upped the boost to 16-17 and ran a 12 second....but at specific points the car would have fuel cut off since it has a fully stock engine managment system.

And Its not like I'm not gonna get another car. One way or another I'm gettin an evo, there are used ones:

So far whats availible in my area:
2 2005 MR's = 40k
1 2004 8 = 36k (they will cut me a deal)
1 Used 2004 RS = 28k
1 Used 2004 8 30k
1 Used 2003 8 26k

wizardPC · 01-23-2005, 06:42 PM

Quote: Originally Posted by nFiniteTuning

Uhm, HAHA yes I can....$1800 take home exactly. The car payment will be 560 a month, Insurance is 300 a month, that leaves me with 940 a month to play with.

play with? you mean pay for food, utilities, gas, and rent? You mentioned a fiance, so you can't be living with your parents after the wedding.

Quote:

And I do not want to inform my parents on the new car thing, cause I wont hear the end of it.[...]and my brothers tell me I need to get my own place[...]

Sounds to me like you might not be living with your parents when they find out you bought a $37,000 car. I did some math, and the only way you are getting it for $560 a month is with a 72-month term. Think about that--6 friggin years. Would you be at all excited about getting a $560 payment on a 2001 Evo? Doubtful.

You also gotta think about crap you don't think about. What if you lose this job, for whatever reason? You won't be able to sell the car and cover what you owe because the term is so long. You need to have some money saved up incase something like that happens, and with almost half your income dedicated to a new toy, I don't forsee you saving any money for contigencies. You are gonna set yourself up for some REALLY hard times if you buy this car.

nFiniteTuning · 01-23-2005, 06:59 PM

No, dude re read my post. Play with meaning I have nothing else to pay for. Food, Gas And utilities are allready covered...And yes its a 72 month term. I wanted an 80 month term but he said my percentage will go up for that...and 2001 Evo? Its a 2004 BRAND NEW EVO8. It has 15 miles on the odometer, HID Headlights, Leather Recaro Interior, 6 Disc In Dash Changer, you name it, it has it. And I Wont lose my job for 8 years. ITs a contract. If they hire me, They will not fire me for a very long time unless I do something really ****ed up, and this is the type of Job I love to do...I'll be babying it.

And my parents wont kick me out if I buy a $36000 car. But if they found out I was thinkin about it, they would probably *****. You dont know my family, its like competition...a friend of the family just bought a 310hp mustang just so he can beat my accord. And I will have money saved up, I'm going to repost the EXACT MONEY SITUATION so you can look it over.

$12 x 80Hours A Week = $960 gross x 2 pay periods a month = $1920 Gross a month - Taxes (if my calculations are correct, which they most likely are) = $1800-$1850 - Car Payment W/5% APR Financing = 1240 - Car Insurance = $940 - Rent = $505.

That means I have 500 bucks left over to play with...Yes, Play. Play = Mod my fiance's car or my car, buy us a bigger TV after a few months of saving up, Saving up money for retirement....I'm starting this job at this minimum pay of 12 an hour. This is the type of job that you dont continue making that ammount, They send you to get trained on a new subject and they up your pay a buck or more...By the end of the 8 year term, I will be probably making 18 an hour. Recently that company just uped my dad's pay from 25 to 28!!!! He's been working there for 30 years. And I plan on working there for 30 years.

So, if I save up 500 a month, thats 6000 that I have in the bank for whatever spending I might need. Like Emergencies (which I have every benifit in the book with this job), Car wreck, Loosing my job and having money saved up to continue to make car payments while I look for a job....

I seriously dont see how you can see that I will be unable to afford this.

Remember, they said they will make me a deal. I dont know how good of a deal, but I'm sure they can drop it down to 35k.

wizardPC · 01-23-2005, 07:39 PM

my point with mentioning a 4 year old car with a payment that high is that in 4 years, you will have a 4 year old car with a payment that high.

See, NOW you mention rent, which you didnt earlier, which brings your "play with" figure down from $940 to $505. What about food? Electricity? Phone? Internet? Cable/Satellite? Clothing? With all that, there is NO WAY you can save $500 a month. I hope you don't also have credit cards to pay off...but I don't think you do so that's a really good thing.

So it's a contract, eh? Well, what happens if you get hurt or sick? What happens if your new wife gets pregnant, and all of a sudden you have to think about buying food for 3 instead of 2? Don't say "that won't happen" because you don't know that. Neither do I.

Do this favor for yourself, I beg of you: get settled in the job before you go buy the car. Then you can figure out if you can really afford to buy a car like this. After 3 of 4 months, you will be able to see what your living expenses will work out to. You definately don't want to miscalculate what you need for food.

nFiniteTuning · 01-23-2005, 07:54 PM

Well...My fiance wont let me pay for food, cause she wants to handle that. Internet I get for 5 bucks a month from Comcast Cable just because I'm gonna be moving in next door to my brother and he's gonna add a second IP for me for 5 bucks more. Clothing...I'm a guy, I have new clothes that will last me the next 2 years. For her, she's not really gurly. She has like 3 pairs of pants and a few shirts and she'll buy a new shirt or pants every 3 months or so. And, I can afford a kid if it happens, I'm not scared about her getting pregnate. But, her and I have to make sure it DOEsnt happen until she's out of college. I can't be responsible for her giving up her dream.

And like I said, this job gives every benifit in the book, so I'll have medical, dental, 401k, all of that stuff.

if I can handle living with 900 less then what I will be making, I can handle living with 900 more a month and a car payment.

Utilities are paid on this apartment, this apartment is furnished for 435 a month! You may think I'm a stupid 20 year old. But I'm not. I am not the type to just jump into something without knowing what I'm getting into. I do calculations on everything, and I make sure everything is worst case senerio. Just to make sure I have money left over.

And, its an Evo8....560 bucks a month in 4 years will be WAY Easier. I'll probably be making in 4 years, 15 an hour. And in 4 years my insurance will be lower. When you turn 21, insurance goes down...when you turn 25, insurance goes down again. So in 1 year, my insurance will drop down about 15 bucks or so, I'm not too sure exactly, but I can find out...then 4 years after that, my insurance drops down again ALOT...and my pay rises ALOT.

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