Monthly payments? - Page 3 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Dave-ROR · 05-29-2012, 06:50 PM

Quote:

Originally Posted by Chauntalei

I optioned the crap out of mine (lojack, permaplate, etc), put 15k down, financed 22k @ 10.39% (credit is crap) and I'm looking at 421/month.

Holy hell. No offense.. but holy hell!

Alias · 05-29-2012, 09:33 PM

Quote:

Originally Posted by Dave-ROR

Holy hell. No offense.. but holy hell!

There is a reason that most people with bad credit have bad credit... normally it has a lot to do with making poor decisions.

I see people like this all the time, doesn't even surprise me anymore, I work with a guy whose sister had a car (pt cruiser) at 27.95% apr from some buy here pay here place. Luckily for her, the insurance company dropped her after her... 4th accident and some other tickets so there is no more need for a car.

Chauntalei · 05-29-2012, 09:41 PM

Quote:

Originally Posted by Alias

There is a reason that most people with bad credit have bad credit... normally it has a lot to do with making poor decisions.

I see people like this all the time, doesn't even surprise me anymore, I work with a guy whose sister had a car (pt cruiser) at 27.95% apr from some buy here pay here place. Luckily for her, the insurance company dropped her after her... 4th accident and some other tickets so there is no more need for a car.

Never had an accident, but I have made some poor decisions almost 10 years ago, and my credit is drastically better than it was. It's not perfect, but I've never had an apr higher than my current 10.39. My BMW is currently at 8.5, and my last car before that was around 7-8% as well.

The main reason my payments are so high on my BRZ is because of all the extras I chose to add to take it above and beyond MSRP. Had I not, I'd be looking at payments around 300/month or so, if not less.

Erc#1983 · 05-29-2012, 09:49 PM

I'm glad that I work part time in the banking industry at my early age (right after high school) and I know a few important life-credit lesson.
1) Never pay minimum only for credit card
2) Always pay on time (I've seen ppl paid late charges near ten grand)
3) never withdraw cash using your credit card.
4) spend only when you can pay for it

StreetKa · 05-29-2012, 10:39 PM

Quote:

Originally Posted by Erc#1983

I'm glad that I work part time in the banking industry at my early age (right after high school) and I know a few important life-credit lesson.
1) Never pay minimum only for credit card
2) Always pay on time (I've seen ppl paid late charges near ten grand)
3) never withdraw cash using your credit card.
4) spend only when you can pay for it

this is so true

Exhaust · 05-29-2012, 11:30 PM

Quote:

Originally Posted by Chauntalei

I optioned the crap out of mine (lojack, permaplate, etc), put 15k down, financed 22k @ 10.39% (credit is crap) and I'm looking at 421/month.

Jeeeesus CHRIST! reading that i felt like i got hit in the balls! Good luck to you and your endeavors.

DeepHunta · 05-29-2012, 11:53 PM

Quote:

Originally Posted by Dave-ROR

395 a month, ~22.5K financed, 7250 down, BRZ-L, 1.94% interest for 60 months.

That was with Subaru credit (Chase bank).

Good to know this. I did Subaru credit a while back when I bought my Impreza Outback.

Maybe I'll do this again since it is brand new. Last time I checked, my credit is over 700 so shouldn't be too bad.

DeepHunta · 05-29-2012, 11:55 PM

Quote:

Originally Posted by Fenrir

Just FYI, my dealership informed me that new incentives are going to be announced (with some including the BRZ) on June 1st. I'd recommend waiting on securing financing until then if possible.

I hope this is true. Picking up the BRZ next week. Hopefully by Friday the 8th.

Dave-ROR · 05-30-2012, 12:11 AM

Quote:

Originally Posted by DeepHunta

Good to know this. I did Subaru credit a while back when I bought my Impreza Outback.

Maybe I'll do this again since it is brand new. Last time I checked, my credit is over 700 so shouldn't be too bad.

Should need 720+ I'd guess, not sure what Chase sets their levels at.

NYC BRZ · 05-30-2012, 12:12 AM

Yea my dealer told me to wait about a week before my ETA on the 15th to fill our a credit app so they can see what they can get. I'm wondering of he knows about the June 1st BRZ rates.

blu_ · 05-30-2012, 12:55 AM

3.29% with Subaru finance. Credit took a big hit with 2 car loan apps in 1 year. Good reality check tbh. Financed 20.5k with payments of 315 a month over 72 months.

I think I'm going to make a goal of shedding $7k off that before I start modding. Time to tighten the belt for a bit.

86design · 05-30-2012, 01:30 AM

Quote:

Originally Posted by Chauntalei

I optioned the crap out of mine (lojack, permaplate, etc), put 15k down, financed 22k @ 10.39% (credit is crap) and I'm looking at 421/month.

i thought I was bad...

when I bought my Evo 10 back in 2008 I put $6k down 12.9 APR (bad credit) financed at $30k and I was doing $620/month

now I hope ill be in the $400/500 range...if my payments are over $580 I won't be able to get the car

Subaruwrxfan · 05-30-2012, 10:59 AM

Quote:

Originally Posted by Tbxgz

You can get 1.99% from Pentagon Federal if you pay 20 bucks to join one of their partners. I called and got it set up in 15 minutes.

How detailed is the credit application?

thill · 05-30-2012, 11:13 AM

Quote:

Originally Posted by Chauntalei

I optioned the crap out of mine (lojack, permaplate, etc), put 15k down, financed 22k @ 10.39% (credit is crap) and I'm looking at 421/month.

Wow.. You paid $37K for a BRZ? I wonder if that is the record...

05-30-2012, 12:12 AM	#38
NYC BRZ AutoX Addict Join Date: Mar 2012 Drives: 08 Pontiac G8 GT,13 GBS BRZ Limited Location: Queens, NY Posts: 723 Thanks: 168 Thanked 118 Times in 83 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Yea my dealer told me to wait about a week before my ETA on the 15th to fill our a credit app so they can see what they can get. I'm wondering of he knows about the June 1st BRZ rates. __________________ 2013 BRZ Limited- GBS - 6MT -VIN #0937 ~~NYR SCCA # 18 C Street R (CSR)~~ "But there’s no mistaking the noise. This car is loud, and not in a particularly nice way. There’s no crisp exhaust note, no induction wheezing. It’s just the sound of petrol exploding in a metal box." - Jeremy Clarkson

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05-29-2012, 09:49 PM	#32
Erc#1983 Member Join Date: May 2012 Drives: None Location: California Posts: 11 Thanks: 0 Thanked 3 Times in 3 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	I'm glad that I work part time in the banking industry at my early age (right after high school) and I know a few important life-credit lesson. 1) Never pay minimum only for credit card 2) Always pay on time (I've seen ppl paid late charges near ten grand) 3) never withdraw cash using your credit card. 4) spend only when you can pay for it

05-30-2012, 12:55 AM	#39
blu_ Senior Member Join Date: Mar 2012 Drives: SWP BRZ LTD Location: Portland, OR Posts: 889 Thanks: 637 Thanked 170 Times in 106 Posts Mentioned: 5 Post(s) Tagged: 0 Thread(s)	3.29% with Subaru finance. Credit took a big hit with 2 car loan apps in 1 year. Good reality check tbh. Financed 20.5k with payments of 315 a month over 72 months. I think I'm going to make a goal of shedding $7k off that before I start modding. Time to tighten the belt for a bit.

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