Finance Questions

Posts Tagged ‘classic’

Question: Would you do it or not?

Would you trade your Toyota Celica GT-S in for a Subaru Impreza WRX-STI? The reason why I ask this is because, I've had my Celica GT-S for some time now. I loved that car when I first got it, and I still love it. Instead of financing I'm going to save up money and buy it straight cash off the lot. No more car payments, and over paying for a car. Now...with that said. The Celica looks better, it's going to be a classic and a collectible because they don't make them anymore. Subaru Impreza WRX-STI is faster, it has four doors instead of two like the one I have, and more roomier inside too. My friend had one and I was in the passenger seat of one. That car can blow a mustang away easy. LOL Whew! If I keep my Celica, it would look better plus I can make it faster than the Impreza with a turbo kit put in years down the road. I am to make it as fast a Mustang maybe equal to a Corvette in horsepower, and jack up the RPM's on it too. Decisions, Decisions.

Answer: It sounds as if you are really in to the Celica. Personally, I would stick with that route. It will more then liekly be worth more money down the road if it is still in good shape, and as you stated it can be tuned to perform much better.
It is probably also much easier to find aftermarket part for the Toyota, be they off brand or from Toyota (Toyota Racing Development or TRD, check it out on the web.)

To top it off, a tuned Celica will bring in more money later on just in the tuner world alone. As you stated, they don't make them anymore, so as time goes on, it will be harder to find them in good condition, which kicks the value up a good bit to anyone who is looking for one.

And on a side note, don't get hooked to the idea of eating Mustangs and Corvettes on a regular basis. A stock car of that type may fall to a tuned import, but those cars can be tuned just as much as anything else, with more of a base to work from.

Good luck, be careful, and have fun with the mods.

NISSAN GTR - YOUTUBE CAR?

Question: Can financing with an auto dealership be done all on the phone/fax/computer?

I am very close to making a move to buy a classic car that is 1200 miles away from me. I need to pay for half of the purchase price through financing or a bank loan after I pay for the other half in a down payment. My sister will be my co-signer and she will be the one applying for the loan.

Answer: The paperwork - finance contract and title especially - will need to be signed in person with original signatures, so fax/ email will not work. The seller/ bank can put the paperwork together and FedEx it to you (or your sister) with a return envelope. You would both sign everything and then FedEx it back to the seller/ bank. Of course, you would need to make sure this works for the bank, but there should not be a problem.

Bikini Model Misty Gets No Love - He's a Car Guy