Originally Posted by AtillaOverland
im holding off. i saw the 08 today-but since they have the dealer page we were looking at some 09-s at the same price point. this guy there is pulling out all the stops for me today cause its my birthday** he caught wind on the paper and said lets make it happen for ur birthday present- hahah. anyways we were checking the dealers online depot of 400+ jeeps. we found some 09s for the same price range. im in no rush to settle for the 2010 (the payments come pass my affordability) they are in a rush but im not. my trade in is there and my money is down paid. i have given them until next thursday deadline( i may come in to some more money so im stretching it out timewise to get my monthly(s) down.
the excitement of finally owning an SRT8 is too great as of now.. hahah
i can buy the 2010 today but then id be eating out of canned food for a long time.. 2008-09 is really the only thing i can afford. of course i can go for 06, or 07's but i want the upgrades that arrived in 08.
Do you own your home? You can do a HELOC and you get to write off the interest that you pay every year as a tax deduction.
Also, if you buy before the end of the year, the sales tax you have to pay, you can also deduct, but you have to buy before the end of the year.
So...Doing the math....
You can get a HELOC for 4.9%...
I figured out you pay about 1600 a year over 5 years in interest. at 30% of tax deduction, that's about $500 in your pocket every year.
As well as sales tax on 40,000K (MA = 6.25% = 2500 x 30% = $750 in your pocket.) Part of the Stimulus package.
If you trade in, the sales tax liability goes down with the trade. So the number above is without a trade in.
You should be able to get the dealer down to 41K or lower on a new SRT8 fully loaded.
Subtract out that other stuff, trade in and cash down and you get the price pretty low.
The other nice thing about the HELOC is that it's an interest only loan. So if for one month, you can't pay the amount your supposed to pay, you can pay only the interest. (You should set a period that the loan should be payed off in, ie 60 months.)
PM me and I can send you more accurate numbers for your situation.
Another true and hard realization is you'll spend about 5,000 in gas a year driving 15,000 miles. But those are 15,000 FUN miles.
Sorry for the book and the HiJack of the thread.