total cost of 2011 EVO vs 2011 STi with interest

[X_EVO_X]

I hear every day how the evo is way more money than an sti.

I called subaru this morning and got the finance rate which is 5.9% from 3 years right through to 7 years. The 2011 Evos have 0% for up to 4 years and 2.9% for 7 years. The dealership fees are the same , however at subaru calgary they charge more for locking wheels nuts and a block heater over and above dealer fees.

Over 4 years at 5.9 an sti with tech package is $1095 all in per month with $5840 in total interest payed over 4 years.

An Evo over the same period is $981 with no interest payed in that period.

Over 7 years the Sti is $680 a month with an insane $10,416 in interest!!

Over 7 years an Evo is $620 a month with $4997 in total interest payed.

So if both cars are roughly 43000 and the fees both total about 1300 and the tax is the same on both cars how is the evo that much more expensive? I understand im using a tech package and a gsr base but the numbers for a handling package car would still be under that of an Sti.

He also said he wont have the cars for 3-4 months. All of you die hard subaru owners will have something negative to say and thats fine I just wanted to pass on the math I did this morning for everyone to read. You can use an online interest calculator and plug the figures in yourself and see.

-Tristan Queyras
403 472 4121

[Phenix]

what about for the fully loaded version of both ?

[jonnycat]

How about mitsu's lease rates? Oh wait...

[X_EVO_X]

Ill check the numbers right now. Totally different cars in my opinion as the twin clutch is a whole other beast.

MR is 0% for 4 years at $1199 all in , with 0 percent interest.

Over 7 years at 2.9% $758 with $6111 in interest charges. So $63672 at the end of the day for an MR over 7 years or $57120. So what appears to be a 10 thousand dollar difference at MSRP is about $6500.

Most people who are cross shopping the Sti are looking for a manual transmission not an MR. I see more BMW and Audi shoppers buying MR's and the MR is often the least money of the cars they are comparing.

-Tristan

[X_EVO_X]

What about the lease rates , 3.9% over three years and 4.9% over four years.

[Phenix]

ya but the sti has a 6 speed. the evo doesn't, which is really stupid IMO

[jonnycat]

what are the evo's residuals like?

(Sorry I thought they stayed away from leasing)

[X_EVO_X]

Yes a 6 speed would be nice in a GSR, doesnt take away from what it is though for me.

[CMW403]

Interesting as I have been pricing these two out myself.

For me, the six-speed is the killer. I also think the STi looks a lot nicer.

[gpomp]

sti's are selling for 3k under msrp. how much are evo's selling for?

[KandabashiDevil]

Wow :rolleyes: Nice to see an un-biased comparison :rofl:

Just like the guy who puts up a "review" of Jade China Inn .... And then promptly uses the thread to advertise his own competing Chinese food shop :rofl:

:thumbsup:

[max_boost]

Originally posted by KandabashiDevil
Wow :rolleyes: Nice to see an un-biased comparison :rofl:

Just like the guy who puts up a "review" of Jade China Inn .... And then promptly uses the thread to advertise his own competing Chinese food shop :rofl:

:thumbsup:

To be fair, Jade China Inn really runs a nazi like operation! Who charges for water and automatically adds tip? haha :rofl:

[Phenix]

:hijack:

[E46..sTyLez]

Does the GSR have leather, GPS, HID's, auto climate control, sunroof etc? (I actually don't know, not being a smart ass)
When I was cross shopping I didn't even look into the Evo much because I knew I would want the MR and I can't justify paying $55k for a performance only vehicle. As far as I know the GSR is par in performance to the Sti, MR is faster than both in every way. I just heard about the 7'55 lap time at Nurburgring and I was pretty much sold :love: haha

[X_EVO_X]

KandabashiDevil

There is no bias in numbers. Its called math. Notice how I didnt say anything about the cars as I actually like both cars they are both fantastic at what they do ( AWD cars that are fun, fast, look good and seat 4 ) grab a calculator :thumbsup:

gpomp

A base evo gsr is $ 43 858

An Sti with tech package is $ 43 120

I posted the difference between the END of the financed amount and totals with interest.

[lint]

very surprising to see a car salesman talk about total cost of ownership. isn't the question usually "how much do you want your monthly payments to be?"

[Kg810]

Originally posted by X_EVO_X
KandabashiDevil

There is no bias in numbers. Its called math. Notice how I didnt say anything about the cars as I actually like both cars they are both fantastic at what they do ( AWD cars that are fun, fast, look good and seat 4 ) grab a calculator :thumbsup:

gpomp

A base evo gsr is $ 43 858

An Sti with tech package is $ 43 120

I posted the difference between the END of the financed amount and totals with interest.

I think they wouldn't be saying anything if you compared base vs base. You are clearly trying to up the STI numbers with the tech package to get them on even ground in terms of price.

[X_EVO_X]

E46..sTyLez

The 2011 GSR adds bluetooth over 2010's, still no leather or roof. Leather can be added, sun roof I would stay away from as the car comes with a factory aluminum roof to lower center of gravity. HID's can be added as well of course.

There are alot of people who cant justify the 55 k for an MR, and I wonder how many people finance 2011 Sti and dont realize that with interest at the end of the day an Sti over 7 years IS 56 thousand!

[X_EVO_X]

My question is never what do you want your payments to be nice assumption though.

What is base Sti price then we can do the math there was well at 5.9%

[wardpr68]

I never have and never will finance or lease a car... its a cash deal every time. So whats MY incentive to purchase an EVO or an STI?

Not trying to be a ball buster, just interested in your response.

[max_boost]

I didn't even know Beyonders financed their cars. I always assumed they just paid cash!!!

[X_EVO_X]

Cash purchase the incentive is you can buy whatever car you want!

[E46..sTyLez]

Originally posted by X_EVO_X
E46..sTyLez

The 2011 GSR adds bluetooth over 2010's, still no leather or roof. Leather can be added, sun roof I would stay away from as the car comes with a factory aluminum roof to lower center of gravity. HID's can be added as well of course.

There are alot of people who cant justify the 55 k for an MR, and I wonder how many people finance 2011 Sti and dont realize that with interest at the end of the day an Sti over 7 years IS 56 thousand!

I financed mine at 4.9%, total cost is still well under 50k ( I had a decent dp though)
People keep in mind, dealerships can go through banks...5.9% is only if you go through their default finance company. In Subaru's case it's Toyota Finance. I got my finance through a bank, but it was all done through Subaru.
Oh, and I got all the goodies that I mentioned...HID's, nav, sunroof, etc...and 7 year full comp 0 deductible warranty.

[X_EVO_X]

E46..sTyLez
I wasn't comparing your purchase to anything man. Glad your happy with it at the end of the day thats all that matters.

As suspected this has gone on a wild tangent that has nothing to do with the difference in rates but glad to see its firing some people up LOL

[E46..sTyLez]

Originally posted by X_EVO_X
E46..sTyLez
I wasn't comparing your purchase to anything man. Glad your happy with it at the end of the day thats all that matters.

As suspected this has gone on a wild tangent that has nothing to do with the difference in rates but glad to see its firing some people up LOL

Nobody is fired up lol, I just want to make sure you are comparing apples to apples. I am not bias to one or the other...I haven't been on board with Subaru long enough to join the rivalry haha.
But yea your comparison should definitely be the base sti vs GSR.

[X_EVO_X]

I didnt mean you were fired up. The msrp is 39520 ill do the math now.

[E46..sTyLez]

If I had have known about 0% financing on EVO's before I bought the Sti, it would have made the decision a lot tougher to make that's for sure.

[Kg810]

Originally posted by X_EVO_X
I didnt mean you were fired up. The msrp is 39520 ill do the math now.


Originally posted by gpomp
sti's are selling for 3k under msrp. how much are evo's selling for?

http://subaru.ca/WebPage.aspx?WebPageID=16032&Range=WRX+%26+WRX+STI&ModelYear=2011&WebSiteID=282

base 4 door STI
$37,995 - $3,000 = your base price

[CapnCrunch]

Wow, someone from Mitsubishi claiming they are coming on here with unbiased numbers. Where do I sign? :rofl:

[X_EVO_X]

At 5.9 the base sedan is 42861 all in. With interst on that $623 a month for a total finance charge of $9471!!!! That sure is close to being the same price on a base GSR over the same length of time for 620 a month with $4997 in finance charges.

[X_EVO_X]

That figure is from a salesman at subaru calgary you guys are hilarious. Pick up a phone. Buddy on the phone just told me 39520. That figure doesnt have freight or PDI at 37995.

[blitz]

If you have to finance a car over 7 years, don't buy the car.

[Kg810]

How much can you get off msrp on the EVO GSR?

I'd love to see the numbers after discounts rather than just what you see on the website.

2011 base 4-door STI Retail = $39,620
2011 base 4-door STI Wholesale = $36,229

Assuming gpomp is correct, people can get the base STI at wholesale price.

What's the GSR's?

[Chandler_Racing]

Originally posted by Kg810
How much can you get off msrp on the EVO GSR?

I'd love to see the numbers after discounts rather than just what you see on the website.

2011 base 4-door STI Retail = $39,620
2011 base 4-door STI Wholesale = $36,229

Assuming gpomp is correct, people can get the base STI at wholesale price.

What's the GSR's?

I can confirm that the for atleast the 2010 STI's - they offered $3k off the MSRP with 1 minute of negotiation. I think mine ended up being 36,995.

As for the OP, he works for Mitsu and does not care to present his thoughts transparently. To compare the GSR to a fully loaded STI is also stupid. Not to mention ignoring things like residuals does not tell the whole story.

As for lease rates, when I leased my car - Subaru was either 1.9% ( would have to verify on the contract). On the other hand Mitsu wanted 7.9%. :nut:

[X_EVO_X]

I dont wholesale cars out that I have 9 left of for the year. We were lucky to pick up 2 evos from a smaller dealer. I highly doubt subaru is going to wholesale a car they wont have for 3-4 months and is a rare vehicle as well.

[Kg810]

Choose what you want to believe. I wonder if people claiming to get near wholesale prices are lying and I wonder why you keep hearing about how STI is cheaper than the EVO. Must all be lies :dunno:.

You can choose to assume and believe whatever you want to convince yourself that the STI isn't cheaper.

But can you at least post how much discount people can get away with? I don't feel like browsing some forums to find the CarCostCanada pricings. I do want to see the wholesale and retail and what you are capable of offering buyers.

[Sorath]

lol.... honestly, im not gonna lie, evo is a better car than an sti, just for the price difference, there are always going to be more sti owners.

[X_EVO_X]

The difference would be alot larger if the sti had good finance rates.

[Kg810]

Originally posted by Sorath
lol.... honestly, im not gonna lie, evo is a better car than an sti, just for the price difference, there are always going to be more sti owners.
I agree. If I were going to choose between the two, it would be the Evo no doubt.

[clem24]

Originally posted by blitz
If you have to finance a car over 7 years, don't buy the car.

LOL at 0% I'd finance for as long as possible and put as little down as possible... But then again, at 0% there's also usually no haggling.

[Sorath]

Originally posted by clem24


LOL at 0% I'd finance for as long as possible and put as little down as possible... But then again, at 0% there's also usually no haggling.

0% has nothing to do with haggling on price, the rates are just there as incentives from the manufacture. Dealerships pay the same amount for cars for the whole year. Just depends month to month on incentives

[Kg810]

Well since it looks like the OP won't post wholesale here it is:

2011 Evo GSR Wholesale Price:$38,217
2011 Evo GSR Retail Price: $41,998

10% mark up

[Sorath]

wow.... most manufactures are 5-7% markup

i guess we know why mitsubishi's dont have good resale value :nut:

[Phenix]

I want a somewhat usable car, hence why the STI is on my radar, but will probably look at a used one for a winter beater. maybe a 2009-2010

[Xtrema]

Originally posted by Kg810
Well since it looks like the OP won't post wholesale here it is:

2011 Evo GSR Wholesale Price:$38,217
2011 Evo GSR Retail Price: $41,998

10% mark up

$3.5K off a $40K car isn't bad. I doubt Subaru will give away STi's with $3K off if margin isn't higher than that.

[Kg810]

Originally posted by Xtrema


$3.5K off a $40K car isn't bad. I doubt Subaru will give away STi's with $3K off if margin isn't higher than that.

wat?

OP said he doesn't sell Evos at wholesale and he has refused to reply with how much a buyer could get off msrp. I'm taking his silence that they don't budge a penny off msrp and his reason is because they don't get too many.

[KandabashiDevil]

Originally posted by Sorath
lol.... honestly, im not gonna lie, evo is a better car than an sti

lol .... Honestly, not gonna lie ... You're just some random on the internet whose opinion is worth nothing :rofl: This thread is retarded :closed:

[Sorath]

im sure anyone who has driven both will agree that the evo is a better car overall, but not by much, however the price difference is significant. but i do agree. this is a retarded thread

[kvg]

Originally posted by KandabashiDevil


This thread is retarded :closed:

Honestly, not gonna lie ... You're just some random on the internet whose opinion is worth nothing :rofl:

[Aleks]

Originally posted by Xtrema


$3.5K off a $40K car isn't bad. I doubt Subaru will give away STi's with $3K off if margin isn't higher than that.

You can get $3000 off non turbo impreza if you know what you're doing and that car is $26,000. The south dealer is the one to talk to if you want a quick deal. There are quite a few guys who got 3k or more off STIs however there are few that pay full msrp. Just comes down to doing some research.

[m10-power]

Went and test drove a gsr and an mr, really interested in an mr but honestly ~$55k is a bit retarded for the car. Now mitsubishi makes the perfect version, the se, all the good stuff without the extra cost and options. But not for canada...dumb

No doubt the mr's will sell, eventually, but such low volume compared to the sti.

Likely buy one from the states instead, some good deals down there.

[Aleks]

By the way rates start at 0.9% on the STI in Ontario and Quebec however here it's all 5.9%. :dunno:

[heavyD]

Subaru can afford to sell the STI lower because they are selling the same car now as they sold in 2004 so minimal R&D and new parts have been added. It's the 2004 STI with a different body and interior. Essentially what Honda's doing with the 2012 Civic but at least the 2012 Civic Si gets a new engine. That said Mistubishi Canada really messed up on EVO pricing as it's not inline with US pricing while Subaru is much closer to the US pricing.

I can understand the OP's frustration but really the blame should land on the feet of Mitsubishi Canada. They completely dropped the ball on EVO pricing. Canadian MR pricing in particular is asinine. There are a lot of people that would like to own an EVO but just can't justify paying the inflated Canadian pricing. Honestly they have a fantastic product that is head and shoulders better than the competition but to me it feels like they really don't even want to sell the car. Major fail.

[NoMoreG35]

So why did you buy it?

[heavyD]

Originally posted by NoMoreG35
So why did you buy it?

Because it's a fantastic car and I can afford it. It's crossed my mind to buy a 2011 GSR as the German offerings while much better quality feel neutered to me. Really disappointed in the 3 series and A5 as far as performance goes.

[NoMoreG35]

Originally posted by heavyD


Because it's a fantastic car and I can afford it. It's crossed my mind to buy a 2011 GSR as the German offerings while much better quality feel neutered to me. Really disappointed in the 3 series and A5 as far as performance goes.

And why did you sell it?

[jdmXSI]

I know when I was looking at both cars, the evo was just a bit better than the STi. But the STi was more practical and near $400 less a month on a 4 year lease iirc. For the value of the evo, you could get a nice BMW...

[redline]

Originally posted by heavyD
Subaru can afford to sell the STI lower because they are selling the same car now as they sold in 2004 so minimal R&D and new parts have been added. It's the 2004 STI with a different body and interior. Essentially what Honda's doing with the 2012 Civic but at least the 2012 Civic Si gets a new engine. That said Mistubishi Canada really messed up on EVO pricing as it's not inline with US pricing while Subaru is much closer to the US pricing.

I can understand the OP's frustration but really the blame should land on the feet of Mitsubishi Canada. They completely dropped the ball on EVO pricing. Canadian MR pricing in particular is asinine. There are a lot of people that would like to own an EVO but just can't justify paying the inflated Canadian pricing. Honestly they have a fantastic product that is head and shoulders better than the competition but to me it feels like they really don't even want to sell the car. Major fail.

:clap:

And you did not even slam an STI in the process are you sick?

[X_EVO_X]

This thread is no where near where it started and that is with the CURRENT finance rate this month the cars arent as far apart as you all think and in some case come in less with total financed amount. Just close the thread obviously not worth discussing on this forum.

[m10-power]

It's a forum what did you expect?

You have your view, obviously so do others. If your didnt want rebuttal take out an ad in a paper.

Also zero financing or any below lending rates are mostly hidden in the price so one gets the pleasure of paying in advance for the interest...

Priced correctly they'd sell well, theres a reason subaru sti's are so common

[jsn]

Originally posted by X_EVO_X
This thread is no where near where it started and that is with the CURRENT finance rate this month the cars arent as far apart as you all think and in some case come in less with total financed amount. Just close the thread obviously not worth discussing on this forum.

You brought up the topic and now people are discussing. We just don't see it the same way you do.