Got a price on a Sport Tech... Was i stupid to hope for better ?

[Simon99]

So I just came back from Otto's Subaru (in Ottawa) and got a quote on a black 2013 6sp Sport tech... 34 620$ with taxes and everything , financed on 5 year with 0.5% APR.... Was I stupid when I though I would get something a little better ?

[chenshuo]

The price is not bad, but not a steal.
The financing rate is really good.
They offered you a better than average price because they know you are financing for SIX years so they can make a little bit back on that long period of time.
Overall i still think it's better than average offering.

[Simon99]

Originally Posted by chenshuo

The price is not bad, but not a steal.
The financing rate is really good.
They offered you a better than average price because they know you are financing for SIX years so they can make a little bit back on that long period of time.
Overall i still think it's better than average offering.

Sorry sorry, 5 year, does that change anything ? You think theres still room to deal ? If not i'd like to try and get a free clear bra....

Should be noted thatI have the Quebec taxes so 15%

[Gords_zenith]

That's the same deal as I got but your finance is awesome 0.5%, I'm paying 4.9 through Toyota for 60 mo.

[AdrianG]

Originally Posted by Gords_zenith

That's the same deal as I got but your finance is awesome 0.5%, I'm paying 4.9 through Toyota for 60 mo.

+1, 0.5% on a sports car is a great rate!

[that_guy]

Agree, that's a great rate!

[sato]

Originally Posted by Simon99

Sorry sorry, 5 year, does that change anything ? You think theres still room to deal ? If not i'd like to try and get a free clear bra....

Should be noted thatI have the Quebec taxes so 15%

15% is not that bad...We pay a 20%.
Singapur residents pay a lot more though

Financing Rate is really good... In the States, Penfed is offering a 2% on 60 month loans (2.49% on 72).

[ToyoburuBRZ]

That's a great rate and price if you ask me... my dealer killed me and would not budge on price... I ended up paying full price with a couple things tossed in and a 4.9% finance rate

[Simon99]

I know the rate is amazing, I'm just wondering if you guys think there is still a margin for negotiation/if waiting for further in 2013 would sweeten the deal...

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[that_guy]

The best deal is the one you are happy with, not one we think is best.

It's a matter of supply and demand. If there are not many of them around you, they hold all the cards. You picked the car for a reason over others, so ask yourself, are you happy with what you got for what you paid?

If not, I'll trade you my FR-S for your BRZ

[chenshuo]

Originally Posted by Simon99

Sorry sorry, 5 year, does that change anything ? You think theres still room to deal ? If not i'd like to try and get a free clear bra....

Should be noted thatI have the Quebec taxes so 15%

Look at it this way, if your final price is around $34620 including tax(15%) and freight($1600 in Canada), that means the dealer gave you $28500 on the car. The sticker price in Canada for sport tech is $29295, so you're saving about $795.

Keep in mind Subaru offers $750 off for recent grad, but if you're not a recent grad then $795 off a BRZ is a little better than average, consider your financing rate is great.

Also, like @that_guy said, it's about supply and demand. If you gonna buy this car buy it in the winter when there are less ppl looking for sport cars. When weather gets warmer the dealer might not be willing to negotiate. This car is still in high demand. As well, consider that this car seems to be more popular amongst asians, so if your area has a lot of asians(like in toronto) then your dealer might not negotiate much.

Over all like i said in my first post, the price is a little bit better than average if you are not a recent grad.

[wbradley]

Don't forget the 0.5% costs the dealer money too. It's not like they get the money from the bank at that rate. My secure line of credit at 1% above prime is at 4% variable. That's just about the lowest consumer rate any bank will give. So, you are saving 3.5% per year which probably costs at least $2000 to $3000 or more although I cant be bothered doing the calculations right now. And, many financial institutions are predicting rate increases by summer as consumer debt load continues to bloat in Canada.

[Simon99]

So basically it's a sign all the paperwork before the end of this month so you get that good APR, no matter if I save more or stick at that price ?

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[krayzie]

Originally Posted by sato

15% is not that bad...We pay a 20%.
Singapur residents pay a lot more though

Financing Rate is really good... In the States, Penfed is offering a 2% on 60 month loans (2.49% on 72).

LOL Hong Kong is like 100% import tax on new cars (used to be anyway).

Subaru wanted 4.9% and Toyota wanted 1.9% on 3 to 4 year financing. I went with Subaru because of the trim (dam you Scion Monogram!!).

By the time the rates go up it'll be financial collapse and currency reset anyway ROFL!