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Mitsubishi Eclipse or Hyundai Tiburon?

2

Comments

  • revdrluvrevdrluv Posts: 417
    Does a mitsubishi really hold its value that much better?
  • It's not much better. Maybe a tad better. But it's no worse than Hyundai and the previous post implied that you would be buried in the Eclipse after a couple of years even with 0.0% interest .. my only point was that you would also be buried in the Tiburon. Neither one's claim to fame is their resale value.
  • dougndodougndo Posts: 132
    Yes, you could be buried in debt in any car, Mitsubishi, Hyundai, Dodge, Audi, or Maserati...

    However, my point in rebuttal to the statement that a loaded V6 Eclipse could be had for the same (or less) money as the loaded V6 Tiburon was that there were too many "if's" and too many financial risks, especially if the "free" period of no payments for a year was applied. Then one would be totally upside down for the first twelve months and the financial burden of getting right side up would be the reality of very high payments.

    I didn't really address resale value, which in this segment is terrible. If you don't want to feel that pain, buy a used car.
  • 0.0% will go a long way towards closing the price gap between the Eclipse and Tiburon. A Eclipse GT with the Sun/Sound/Leather package goes for $21,000 on carsdirect and a Tiburon goes for $17,000. If you figure the Tiburon at 7.0% for 60 months it will total up to $20,000 which closes the $4,000 price difference to $1000. Figure in they will both depreciate steeply and there won't be much of a difference when it comes trade-in time. And the Eclipse GT has 20 more HP than Hyundai reported but it has 30 more HP than the Tiburon actually has.
  • It all comes down to spending 20K for a Hyundai...an unproven car, engine. Don;t get me wrong the Tiberon would be great if it was $14000, NOT $20000! If you want to spend 20K look at the Acura RSX with the leather package. Then actually go down and sit in it and drive it. The difference is night and day not only the the quality but the power and handling as well. Also for a couple K more you can get it with 200HP. So, unless you have a mullet and answer to Bo or Bubba, and have a half of brain, don't spend that much money on a Hyundai.
  • revdrluvrevdrluv Posts: 417
    Yeah I would probably buy a base RSX over both of these cars as well. Don't let the V6 engine option sell you. That just means they are nose heavy and the hike in torque also means more torque steer. The four cylinder Tiburon makes more sense. But if performance is your thing a base RSX will be sportier than all of these cars, even the 200hp eclipse.
  • The Hyundai base engine architecture will (this has been confirmed in the press already) be used by ALL of DCX (this includes Mercedes). Each Group will design and engineer it's own unique models from this base architechure. Everything from a 80-90hp 1.1L to a fire breathing 300hp 2.5L is possible from the base engine.
  • http://detnews.com/2002/autosinsider/0205/06/autos-482712.htm


    SEOUL (Bloomberg) Hyundai Motor Co., South Korea's largest automaker, said its new venture with DaimlerChrysler AG and Mitsubishi Motors Corp. will use an engine based on its technology and lead to royalty payments from the partners.


    The automakers will each make 500,000 passenger car engines, based on Hyundai Motor's newly developed model. The 1.8 to 2.4- liter engines will be made at the automakers' own plants and be used for their own future models. The Korean automaker expects to receive royalty payments for its engine design starting in 2005.


    The three automakers signed an accord yesterday to set up a venture for the design and development of four-cylinder gasoline engines. The venture, called Global Engine Alliance L.L.P., will be equally owned by the three companies. DaimlerChrysler owns 10.5 percent of Hyundai Motor and 37 percent of Mitsubishi Motors and is looking for ways to reduce costs and risks in developing cars.


    "The agreement is a sign that Hyundai Motor has gained acceptance for its technology for engines used in smaller cars," said Lee Young Seog, who manages 500 billion won ($390 million) at Dongwon BNP Investment Trust Management Co. "The next step for Hyundai will be to raise its competitiveness for engines for bigger cars."


    Hyundai Motor will begin using the engines for its own cars in March 2004, DaimlerChrysler will start using the engines in June 2005 and Mitsubishi Motors will begin using the engines in March 2006.


    DaimlerChrysler and Hyundai Motor formed a venture last year to produce engines for commercial vehicles.

  • jocko9jocko9 Posts: 65
    LOL, yeah I guess you might get that rate if you have terrible credit. My credit union is giving 5.25% on 60 month car loans.

    And sorry but the price differential between a fully equiped Tiburon and a similarly equiped Eclipse is still to much for the Eclipse to overcome. The quality of the two makes is essentially the same at this point and Hyundai offers a much better warranty.

    And like was pointed out earlier, if you do o% financing and don't make any payments for a year when you do start making payments, besides being majorly upside down on that Mitsu, your monthly payments would be unbelievable.

    Nice try though. Mitsubishi ought to give you a commission for your posts. LOL.
  • The average interest rate is 6.3% right now on new cars.


    http://www.bankrate.com/brm/rate/auto_home.asp?nav=left_nav_auto_loans&page=default


    Let's use carsdirect prices since they are easily available to anyone.


    03 Tiburon GT V6 with Option Package 17 (sunroof, power package, etc) $18,960


    03 Eclipse GT V6 with Sun, Sound, Leather package $21,486


    03 Tiburon at 6.3% = $369 p/ month

    03 Eclipse at 1.0% (it won't let you calculate 0.0% on bankrates calculator) = $367 p/ month.


    So the Eclipse has closed an almost $3000 gap. Neither of these cars are winning the resale value race right now so you would be equally upside down in the Tiburon since you are paying interest where even if you don't make payments for a year in the Eclipse when you do start making payments all of the money will go to your principal.


    I'm not trying to sell the Eclipse here but if you compare the 2 the Tiburon isn't the raging bargain that people make it out to be.

  • lngtonge18lngtonge18 Posts: 2,228
    5.25 is not the norm through regular banks. With excellent credit, the best Suntrust offers is 6.9. No credit buys you 12.75. And terrible credit would net you between 13-18%. So credit rates aren't as great as you may think.

    As for the 000 deal on the Eclipse, why do you think the payments would be unbelievably high? If you make no payments for a year, your payments will be higher then if you did, but they won't be outrageous. In essence, you are taking on a 6 year loan, of which only 5 years you are required to make payments. Are you thinking that the 1 year of no payments counts as one of the 5 years, thus making it a 4 year loan? If so, that's not the case. At any rate, between these two cars, I would choose the Tiburon hands down, simply because I love its looks, inside and out. The Eclipse is ok looking, but nowhere near as stylish as the Tiburon. Plus, its extra 30 horses doesn't appear to make much of a difference. The GTS achieves 0-60 in 6.7 and the Tib GT in 7.1. However, the regular Eclipse GT gets to 60 in 7.0. The Tib's 7.1 sec run is pretty impressive for an engine rated at 170.
  • revdrluvrevdrluv Posts: 417
    So the resale values we are talking about here are pretty bad. If you buy one of these cars new, it stands to good reason that you would hold on to it for a while to avoid suffering a big loss. If you are going to be stuck with the car for a long time, and these two are so very equal in all areas, makes sense to get the one where parts are covered for longer. So with this reality I say the Tiburon gets the nod for its warranty.
  • nippononlynippononly SF Bay AreaPosts: 12,669
    about the L.A. Lincoln dealers who have a promotion running: buy a Blackwood at full price, and get a brand new Cougar for free! Apparently invoice price of a Cougar is less than the profit margin on a new Blackwood sold at sticker.

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • Mitsubishi December 02 programs allow buying a new Eclipse and getting 0% interest for 60 months. As for that Hyundai, the warranty is not backed by Hyundai, it is through a 3rd party & if they go out of business, your out of luck. Check each car for retention of original price, the Eclipse wins hands down.
  • You can get 0.0% on any 02-03 Eclipse.
  • lngtonge18lngtonge18 Posts: 2,228
    What in the heck are you talking about?? The Hyundai advantage is a Hyundai warranty backed by Hyundai. When you do warranty repairs, Hyundai is charged by the dealer. I have never heard such nonsense about 3rd parties. That's only true if you buy an aftermarket warranty on a used car. Let's not spread false info here to make your product sound better.
  • No, that is incorrect csandste. Any warranty given to a consumer can be null and void if the consumer does not follow the appropiate guidelines. If you do not take care of your car, and cause thousands of dollars of damage to it, the dealership has the right to void the warranty. Any outside mechanic can fix your car, but there is no gurantee it was done right. Bringing it to Hynudai only insures that you are protected.
  • skubesskubes Posts: 19
    My teenage son has pretty much convinced us to buy a 2003 Tiburon or Eclipse. But after I test drove each I am very concerned about visibility over the driver's left shoulder to see cars in the left rear quarter blind spot. There seems to be NO visibility to me! The headrest and pillar block it completely. I may be a boring old parent, but how do people drive these things - how do you safely merge left onto freeways, etc??
  • toyunkitoyunki Posts: 25
    2003 Hyundai Tiburon
    GT V6 2dr Coupe (2.7L 6cyl 6M)
    STANDARD
    MSRP $20,522 TMV(true market value) $19,049
    Standard features

    17 X 7 alloy rims
    215/45R17 Micheline tires
    Alarm
    leather package
    power package
    cruise
    A/C
    Infinity 360 watts CD sound system w/subwoofer

    2003 Mitsubishi Eclipse
    GTS 2dr Hatchback (3.0L 6cyl 5M)
    MSRP $24,752 TMV(true market value)
    $22,514

    Standard Options
    5 spd
    17 X 6.5 rims
    215/50R17
    leather package
    power package
    cruise
    A/C
    Infinity 210 watts
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