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Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86


View Poll Results: What to do with $6,700?
Get another Hot Lava 19 13.87%
Get a 10 series 23 16.79%
Get a beater and pay off debt 95 69.34%
Voters: 137. You may not vote on this poll

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Old 09-28-2013, 03:08 PM   #1
Sithspawn
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What to do now? My car is getting repurchased by Toyota.

OK, long story short, my FRS has been at the dealer for the last 3 months due to engine failure that the dealer cannot seem to fix. Toyota is offering to repurchase my car and I will be getting a check for ~$6,700. So I have a few options on what to do.

I have an MT with a couple little mods and really like it a lot. I test drove the AT for giggles and was pleasantly surprised with the TCM logic in Sport mode and I think I might just get an AT instead this time around. So here are the options I'm considering:

Option 1: Get another Hot Lava FRS and end up with a lower payment and/or a couple extra mods (TRD Cat-back and TRD Intake).

Option 2: Get a 10 Series with slightly higher payments than I'm currently making (I financed $25,010 and my payments are ~$373/month). I'm loving the extra features of the 10 series, but I'm not a fan of the color. I know I could get it wrapped, but I have no idea how much that costs and may not be able to afford it any time soon.

Option 3: Use the cash to buy a beater to drive for a year or so and pay off all my debt (credit cards + student loan = ~$8k). Then hope that the 2015 model year of the FRS is substantially better (most of the features of the 10 series with a little more power and hopefully fewer issues) and put a big chunk of money down on that. I like my cars to be exciting colors like yellow or orange and I would be pissed if Scion doesn't offer the 2015 in a cool color.
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Old 09-28-2013, 03:13 PM   #2
ZDan
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Pay off debt ASAP!
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Old 09-28-2013, 03:14 PM   #3
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What happens if you get a 2015 with a lot of bugs? Will be a different engine once again if it really is getting some type of bump. I doubt it's gonna be a simple fa25 (2.5 Liters). Keep that in mind plus if the engine changes too much the aftermarket will have to catch up.

Could get a decent SI for around low 20's if you don't mind used and want to save a little.
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Old 09-28-2013, 03:18 PM   #4
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Ultimately nobody here knows your preferences and/or situation. But I know If it was me id be itching to get back into one, especially seein as you can start from new again, get more mods, and have a cheaper payment. But that's just me.
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Old 09-28-2013, 03:19 PM   #5
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Only you can ultimately decide, but I voted for option 3. Get everything paid off first, and then decide if you still want to get into a ZN6/ZC6. 2015's coming up - there may or may not be a significant upgrade, but either way there are a couple of new interesting cars on their way. I'm looking at the new Mustang personally.
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Old 09-28-2013, 03:20 PM   #6
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3.
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Old 09-28-2013, 03:26 PM   #7
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#2 get the 10 Series..!!

Tell Toyota to help you out with the extra cost for your time spent on the other FR-S


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Old 09-28-2013, 03:28 PM   #8
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Payoff the debt. In a couple of years the competition will have released some new models and you will have better choice (Mustang GT, Gencoupe, Miata, MazdaSpeed3, etc).
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Old 09-28-2013, 03:42 PM   #9
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If I decide to go the beater route, do I get a POS beater for $1k or less (use the balance to pay down the debt faster), something mediocre for $5k, or something half way decent for $10k with ultra low payments? Regardless of what I get, it has to have back seats and decent gas mileage.
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Old 09-28-2013, 03:43 PM   #10
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Option 1

If you don't like the color.. Don't do the 10 series
You're always going to have debt or some kind of bills.. So why not
Enjoy it while you can.. In the color you like, all here and now..
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Old 09-28-2013, 03:47 PM   #11
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Would it be a **** move to threaten Toyota saying that you don't know if you really want an FR-S any more (which seems to be true in your situation).
Then wait and see if they compensate you any more to try and keep you as a customer?

It's always harder to keep an existing customer than to obtain a new one!

Just my 0.02
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Old 09-28-2013, 03:49 PM   #12
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Option 3. At least for a while and pay back loans. This could be a blessing in disguise. Then pick up another twin once your loans are settled.
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Old 09-28-2013, 04:07 PM   #13
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Well, if you even bothered to mention #3 then you must not miss the car that much. Pay off your debt and save up for something better. There's a bazillion new or updated cars around the corner, and that'll just help negotiate price on these cars. You could buy a pretty decent beater for $6700

I totally missed the part on the credit card debt. What APR are you paying that at???? KILL THAT WITH FIRE!
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Old 09-28-2013, 04:10 PM   #14
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Option 3...
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