My 3.5 SXT supercharger experience and why I did it.
First to cover the part where the HEMI people will ask why didn’t I trade my car in and get a HEMI instead of spending the money on the supercharger.
I tried on several occasions to buy a less optioned HEMI but my car is to upside down in the loan. With the depreciation of the car and the balance still owed I was upside down – believe it or not - $10,000.00 on a 7 year loan I have already been paying on for 2 years. Now I have only 5 years left till it is paid off with a great interest rate of 6% at $560.00 a month.
If I was to get the lowest priced HEMI that I was trying to get approved for, the car along was $30,000.00 plus tax and license, add on the $10,000.00 that had to come from somewhere for the difference in my loan and I was looking at a purchase price of around $45,000.00 with tax and license included for the HEMI, just to have the pleasure of a HEMI. Also consider the I would be loosing the money for the mods I already did on my SXT, -wheels would be switched to the HEMI- but the headers, B&G flash, lowering springs, dual exhaust and other items that cost me money would be lost, this means the HEMI costs me even more money.
Loan details * If I was able to get the loan I would have a new 7 year loan just to be able to afford the car. This means my payment would have been around $700.00 a month for the HEMI and I would now have 7 years to pay of the HEMI instead of 5 years to finish paying off my SXT. This means I would be paying 2 additional years to pay off a the new loan. Also consider the fact that the HEMI is stripped, no dual power heated seats, no sun roof and other items that are in my SXT.
On to the math * If you compare only 5 years of the new loan at $700.00 a month including interest to finance the $45,000.00 HEMI that would mean I would be paying $8,400.00 additional over my SXT loan just for the 5 year period. Add on 2 extra years because the new loan is for 7 years and that adds an additional $16,800.00 on top of the $8,400.00 amount. The total of “additional” cost to own a HEMI instead keeping my SXT would be $25,200.00, which is a lot of money to me.
Ouch, a lot of extra money just to say I own a HEMI, for that price you can buy a new low option SXT.
So if you look at the numbers it makes since to have a car paid off in 5 years instead of 7 with more options and mods already on the car that I would not have to be redo on the new car. So to fix the power issue, I installed a supercharger for a cost of $3,000.00 and don’t have to worry about the other $22,200 I will need to come up with over the next 7 years.
One of the nice parts of having a supercharger is when other ask, “do you have a HEMI”. Now I just pop open the hood and say “nope, its supercharged”. And when I am at a car club event I can open my hood with dignity, after all, HEMI engines look pretty much the same, but having a supercharger under the hood will set you apart and chances are you will be the only one with one in a 500 mile radius, if not the region to have one.
On to the installation.
First to cover the part where the HEMI people will ask why didn’t I trade my car in and get a HEMI instead of spending the money on the supercharger.
I tried on several occasions to buy a less optioned HEMI but my car is to upside down in the loan. With the depreciation of the car and the balance still owed I was upside down – believe it or not - $10,000.00 on a 7 year loan I have already been paying on for 2 years. Now I have only 5 years left till it is paid off with a great interest rate of 6% at $560.00 a month.
If I was to get the lowest priced HEMI that I was trying to get approved for, the car along was $30,000.00 plus tax and license, add on the $10,000.00 that had to come from somewhere for the difference in my loan and I was looking at a purchase price of around $45,000.00 with tax and license included for the HEMI, just to have the pleasure of a HEMI. Also consider the I would be loosing the money for the mods I already did on my SXT, -wheels would be switched to the HEMI- but the headers, B&G flash, lowering springs, dual exhaust and other items that cost me money would be lost, this means the HEMI costs me even more money.
Loan details * If I was able to get the loan I would have a new 7 year loan just to be able to afford the car. This means my payment would have been around $700.00 a month for the HEMI and I would now have 7 years to pay of the HEMI instead of 5 years to finish paying off my SXT. This means I would be paying 2 additional years to pay off a the new loan. Also consider the fact that the HEMI is stripped, no dual power heated seats, no sun roof and other items that are in my SXT.
On to the math * If you compare only 5 years of the new loan at $700.00 a month including interest to finance the $45,000.00 HEMI that would mean I would be paying $8,400.00 additional over my SXT loan just for the 5 year period. Add on 2 extra years because the new loan is for 7 years and that adds an additional $16,800.00 on top of the $8,400.00 amount. The total of “additional” cost to own a HEMI instead keeping my SXT would be $25,200.00, which is a lot of money to me.
Ouch, a lot of extra money just to say I own a HEMI, for that price you can buy a new low option SXT.
So if you look at the numbers it makes since to have a car paid off in 5 years instead of 7 with more options and mods already on the car that I would not have to be redo on the new car. So to fix the power issue, I installed a supercharger for a cost of $3,000.00 and don’t have to worry about the other $22,200 I will need to come up with over the next 7 years.
One of the nice parts of having a supercharger is when other ask, “do you have a HEMI”. Now I just pop open the hood and say “nope, its supercharged”. And when I am at a car club event I can open my hood with dignity, after all, HEMI engines look pretty much the same, but having a supercharger under the hood will set you apart and chances are you will be the only one with one in a 500 mile radius, if not the region to have one.
On to the installation.
opcorn:
