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Mitsubishi Galant

2438 messages, Last post on Oct 29, 2009 at 11:04 AM
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I only wish I had discovered this site before buying. Here's my purchase: It's a 2000 ES 4-cylinder demo with 5000 mi. The options included only the sunroof and leather (not normally available on ES). I upgraded the wheels and tires to 16" alloy through the dealer (Knoxville, TN) for a grand total of $21,200. I purchased in February under the 0 down, 0 payment, 0 interest until 2001 program because I'm currently still a full-time student. The only down side is the 9.9% APR over 5-yrs. The dealer told me I should refinance once I start my job in October -- is this a good idea?? I plan on driving this until it dies so resale value wasn't a consideration. I absolutely love the car but I'm still not sure if I negotiated much of a price. What do you all think? |
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i would say you got no deal at all. with 5k miles, that wasn't worth it for that much. but if you love the car and will keep it till it dies (hopefully never) it will pay-off in the long run. i love my car and i'm a full time student too |
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Don't worry too much about the deal. There are more important things to be worrying about. Over the long haul maybe you are paying $10 - $15 a month over the BEST price you could have gotten. Heck, depending on where you live you could be making that up on gas prices alone. Up until I visited my in-laws two weeks ago I thought my gas prices were bad ($1.40 here in Raleigh), they are in the Chicago area and paying $2.00. Based on a 15 gallon tank, that's $10 bucks a tank! Since I fill up a few times a month, I'm saving some decent money over people in Illinois. The important thing is you are happy with the car. Refinance if you can down the road, but do a bunch of research because you may have a hard time finding a better a rate because you will be refinancing a "used" car. |
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| Places like http://www.eloan.com specialize in financing used cars. I think their rates are something like 7.49 most or all of the time. | |
| Don't mean to contradict, (don't take it the wrong way...) but the best rate from E-Loan is 7.99% for a 3 year term on a NEW car. If you go to 5 years it's up to 8.39%. It's even more for a used car. And remember, that's for good credit. He had to settle for the 9.99% because he was a student who hadn't established himself yet. The rates will be higher until his credit rating goes up. | |
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You are right. Sorry dude. Haven't checked them in a while and also forgot that the interest rates just hiked up not long ago as well. My fault. |
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Here is a link to the Insurance Institute for Highway Safety, Highway Loss Data Institute and their crash test of 1999-2000 Galant. For those who don't know yet, Galant was given an "A"! http://www.highwaysafety.org/vehicle_ratings/ce/mid_inexp/galant.htm |
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EDID:I too am from Minnesota-Mpls/St.Paul area and am looking at purchasing a 2000 ES V6. I was wondering what dealer you went through. Did you have a trade-in? If so, did they give you a fair price? What was the final price you paid-including tax, title and license? Any info/suggestions would be greatly appreciated! Thanks! |
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| The dealer was Kline. My tax was a little different because I live in Duluth and we have a separate auto sales tax of 1%. You can figure the tax, title etc on your own after you get a firm price on the car. They went to $19,100 for a 2000 Es v6 including mudguards and cargo net, but the car did have 500 miles on it. | |
| Forgot to mention no trade was considered. | |
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