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Coupes & Convertibles Mitsubishi Eclipse Mitsubishi Eclipse - 2006 and Newer
400 messages, Last post on Mar 16, 2009 at 11:13 AM
You are in the Mitsubishi Eclipse Forum. Your Host is claires
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Replying to: lhess (Sep 15, 2005 7:31 am) zero down payment, no payments for a year, and 0% interest rate. On top of that, you could qualify for the loans with a less than stellar credit rating. Remember, Mitsubishi's sales dropped like a rock in 2003 when they had to stop offering loans to people without good credit. The credit side of the company had to write off over $1 billion in bad loans, and ended up laying off virtually everybody, as well as selling most of the remaining loan portfolio at a huge loss. Needless to say, Mitsubishi can't afford to offer those same deals anymore. |
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that can afford the Eclipse Gt without the 000 financing. Like I said, I have a mid-range rx8 (about $31K), I'm old compared to most 8 owners, and these youngsters are buying the loaded 8's and then swapping out wheels, adding turbos... They seem to be able to afford them. However, these are exactly the "kids" that the Eclipse does not appeal to because of the FWD, weight... I agree with you that the 000 probably attracted people who truly could not afford them. They see they can drive the car for a year for "free" and by the time they have to start making payments, well, something really good would happen by that time and they could make the payments when they had to. Not so = bad debt. And, i suspect the people who could afford an eclipse realized how stupid it is to not make payments on a car for a year while it's depreciating rapidly. Ok, so when we look at all this, whatever possessed Mitsu to make such a stupid offer? To move cars? It doesn't take a Harvard grad to see that moving cars but getting no money is not smart. Seriously, what was the motive behind the 000?
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It may sound cynical, but "desperation". Now you know I like Mitsu, but there is no secret about it: Mitsu USA is in deep, and has been for some time. Looks like it's continuing too, from those early returns on the Eclipse. It's maddening, considering what they can deliver. The are directionless right now, and the new car, IMO, really emphasizes this. Ithas no idea what it's supposed to be. What's underneath in no way matches what's going on outside. The outside is slippery-stylish and recalls a real sporting image, yet what underpins it is mostly Galant ES in character, which is not all bad, but not a match either. I wasn't keen on it when I first saw it, but this looks like something they could win a few hearts and minds with (from Autoweek):  Most likely, Europe will get it in early '07. If the current company trend continues, we'll never see it. |
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| I like Mitsubishi, loved my spyder. But, I know the grim reaper is knocking at their door. And, likewise on the eclipse - it's like something homeless wandering around. The Sportback really grows on you and has some potential if they could get it here. | |
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Replying to: lhess (Sep 16, 2005 7:17 am) |
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| Just thought I'd post this to guage a response and get opinons. I'm in love with the new 2006 eclipse but sadly won't be buying one because of horror stories i've heard from people i've spoken to first hand about problems with Mitsubishi's service department/warranty repairs. I simply do not trust them or the 10 year warranty and that's sad because i'd happily spend the money on one otherwise. I haggled with the salesperson at my local dealer and agreed to $500 over invoice, yes invoice but when I spoke to the manager and to the service department to get a sense of where they were coming from I felt a strong sense to stay away from them completely. slimy is the only word i can think of. Instead I'm going to opt for the 06 Honda civic si even though I wanted a hatchback and I'm not thrilled with owning another Honda (boring). I'm not worried that Mitsubishi will be a dead company in a year or two like some people are...more that while I do own the car I'll have one headache after another and after all, who wants to date the hottest girl in the class if she's going to cheat on you? | |
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Replying to: starfreak1 (Sep 19, 2005 10:55 am) The Civic Si should be out soon. The Solstice.... xkss, "Pontiac Solstice" #919, 19 Sep 2005 3:39 am Loren |
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Replying to: starfreak1 (Sep 19, 2005 10:55 am) If you buy a Honda Civic, there are dozens of dealers nearby & there are always someone with the spare part in stock in case you need them. You can shop around for better prices & better service. If you buy a Mitsu Eclipse, there is only 1 dealer around & there are limited spare parts in stock waiting for your car in case you need them. Your Eclipse may have to sit in their repair shop for weeks waiting for the spare part to be ordered or shipped from hundreds or thousands of miles away. And when it arrives, the sky is their limit when they are preparing your repair bills. If they are greedy & rip you off when they sell you the car, you can bet that they will be greedy & rip you off when you take the car to the dealer for service or repair. I rather be boring when I take the Honda for service....than to get excited with the repair bills when I take my Mitsu to the dealer.
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