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Old 10-15-2013, 10:46 PM   #85
fistpoint
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Originally Posted by ProTekk View Post
...I put 0 down, I had no credit, cosigner with average credit, employed less than a year and walked out of the dealer with 3.39% interest and MSRP for the car. Financed 100% of it including taxes, etc. 7 year, 100k warranty, all those goodies too. My payments are $579.24/month for 60 months. All financed through Toyota Financial Services. In and out in 2 hours. Bought it when I was 20.

Luck of the draw? I don't know but Christ, you can do a hell of a lot better.

Holy shit at that monthly payment! How much was the warranty? What accessories did you buy? Bespoke? Wing? Manual or AT?
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Old 10-15-2013, 11:19 PM   #86
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Tell them to go fuck themselves and try a different dealer. Also, if you can have a co-signer with great credit that should help.
wat he said^!!!! i was in the same position bro they think cuz we are young they can try n fuk us over!
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Old 10-15-2013, 11:22 PM   #87
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My advice would be to finance a cheaper car to start off on. Then when you pay that off you can move on to something that cost more. You're going to get killed on APR when you have no established credits. You pay to earn your credits. Eventually when you're credit worthy you can buy whatever you want with low interest rates. It may be better to find someone with a better credit score and it may offset the apr for your first loan.

Or wait a few years to build your credit from credit cards and you may be able to get a lower apr when your score is higher. I was in your shoes when I was 19 so I know how that feels. Be patient and play the game right! Make money first before you give it away to the banks
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Old 10-16-2013, 07:50 AM   #88
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Originally Posted by fistpoint View Post
Holy shit at that monthly payment! How much was the warranty? What accessories did you buy? Bespoke? Wing? Manual or AT?
At work atm so I don't have the paperwork in front of me but I'll definitely break it down once I get home but the shorthand of it is AT, BeSpoke (ripped it out a week after I got the car), lug locks, mats, etc.

I pretty much had the dealer work for me though. I played hardball with them and showed them a few times I wasn't afraid to just walk away and look elsewhere. I had to get up a few times and head for the door when they wouldn't work with me and almost left the first time.
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Old 10-16-2013, 08:52 AM   #89
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Holy mother of lucifer that APR... Like everyone else is saying, being 19 and trying to get this car is gunna be difficult for you no matter what dealership you go to. They weren't trying to screw, just trying to protect themselves.

My honest advice: Do not buy the car if you can't get a better loan out there. It's a great little car, but I can't even imagine forking over $45k + for it. hell, buy a used 10,000$ or less car with that down payment and wait till they power this car up in 2015. You'll be 21, the car will be faster, and you will be richer for it.
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Old 10-16-2013, 09:01 AM   #90
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I drove beaters till my mid 20s.

Never getting raped on insuring something new and awesome, along with the depreciation/interest savings paid off in spades.
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Old 10-16-2013, 09:17 AM   #91
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We need a stickied thread on how to buy/lease/finance a new car lol
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Old 10-16-2013, 09:32 AM   #92
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Buy a used civic like the rest of the teenagers out there.
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Old 10-16-2013, 10:42 AM   #93
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So scion tried to screw me today (SoCal)

Crazy, this was my first new car purchase, I had a very short credit history with not much available credit and was still able to finance my FR-S for 3% APR. the dealer didnt even require a downpayment for it either.

I love my car but there is no way I would have bought it if I couldn't get a lower than 7% APR on it.
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Old 10-16-2013, 11:42 AM   #94
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@Porsche waytogo with the great post.

@humfrz you can put the "at" symbol in front of someone's name and the forum automatically notifies them they have been "mentioned." Better than just bold font.
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Old 10-16-2013, 02:45 PM   #95
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You're saying that you already had a car loan that you have refinanced? Since you're only 19 I'm not sure how those numbers work out but consistently refinancing isn't helping your FICO which largely determines your APR. Also I didn't see any discussion of selling your present car so if they're not showing you closing out your current loan (trade-in with pay-off) then that's going to limit what they think you can afford.

Not trying to put you off of a great car but maybe you want to look at a gen coupe...the financing is probably going to be easier to get because of the volume Hyundai deals with. *2 cents*

Last edited by gily25; 10-16-2013 at 02:57 PM.
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Old 10-16-2013, 02:54 PM   #96
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@Porsche waytogo with the great post.

@humfrz you can put the "at" symbol in front of someone's name and the forum automatically notifies them they have been "mentioned." Better than just bold font.
Thanks, guys.

I agree with @campy that a sticky would be useful, one where a collection of posts could offer guidance and some understanding about the whole process of buying a car, especially the finance part where too many young people feel intimidated, lost, and may be taken advantage of.

In these cases, ignorance is NOT bliss.
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Old 10-16-2013, 02:58 PM   #97
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thill ..... I find your little video clip "distracting" .....
@thill

Can you make her stop doing that?
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Old 10-16-2013, 03:13 PM   #98
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@Dave-ROR @ichitaka05 @WingsofWar post #82 by Porsche needs to become a sticky. It will help new members and the whole community!
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