Lowest APR for New Car Loan? - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Texas BRZ · 10-11-2014, 01:52 AM

Was searching around and the lowest I've found is 1.65% with RBFCU (found out about them when I saw their ad at the local movie theatre).

I usually prefer to stick with PenFed, but they're at 2.34% for 60 months.

Any others which you guys have spotted? Looking at 60 months term...

Any help would be appreciated.

aegisdrgn · 10-11-2014, 03:33 AM

Credit unions are usually the way to go if you want super low rates. My local credit union was offering 1.74% for people with good credit and auto-debitted payments, however when I financed my FRS, Toyota was having a 1.9% + $750 recent graduate rebate if you financed through them. The difference in interest paid at the end of the 60 month term was ~100ish (way less than that rebate), so I took Toyota's deal.

Then again, if you can't get a good loan rate now, holiday season is rolling around and I know my local credit union runs a promo for refinancing loans with a newer, lower rate. Maybe you can find something similar?

Definitely call around, and remember that you can get a loan pre-approval from your credit union to wave in the dealership's face if you want to negotiate their interest rate - but the best practice is negotiate the total price of car, then let the salesman talk to you about interest rates and payments. Keep your eye on the prize!

Texas BRZ · 10-11-2014, 10:28 AM

Fantastic... Thank you for the thorough advice.

I'll probably call around locally or do some more searching online to see if I can find something better...

Total out the door price has been negotiated and agreed upon. Sales guy asked if I was going to finance, and I said yes, but I didn't say if it was going to be with their dealer. I'm just going to find the best on my own and be done with it.

Rapiddan45 · 10-11-2014, 10:49 AM

I was going to go through USAA when I got mine they quoted at 1.9. But once it got down to it I went through Toyota and got in at 1.5% for 36months. I was pretty surprised to say the least.

superleggera · 10-11-2014, 11:54 AM

I got 1.9% for 60 months from a local bank through the dealer. I might have been able to get a 1.6% rate from a CU but it's not worth the headache of compiling the paperwork and being between the dealer/CU to save $3 a month lol

Texas BRZ · 10-11-2014, 12:16 PM

Quote:

Originally Posted by superleggera

I got 1.9% for 60 months from a local bank through the dealer. I might have been able to get a 1.6% rate from a CU but it's not worth the headache of compiling the paperwork and being between the dealer/CU to save $3 a month lol

Makes complete sense, 1.9 is available for me from Subaru / Chase as well and am taking that into consideration.

Just on the look out for a special promotion which is worthwhile to take advantage of before making the decision... Old habit of mine, hehe...

pinski · 10-15-2014, 01:34 PM

Always better to go armed with financing when you purchase than without. Big part of the reason I bought a '14 BRZ instead of the '15 was the discount coupled with 0% financing. Hard for the banker in me to pass up free money.

Texas BRZ · 10-15-2014, 01:41 PM

Quote:

Originally Posted by pinski

Always better to go armed with financing when you purchase than without. Big part of the reason I bought a '14 BRZ instead of the '15 was the discount coupled with 0% financing. Hard for the banker in me to pass up free money.

100% agree. I think the 2014's still have .9% in my area currently, and I'm sure 0% will follow soon enough for us here as well.

I had the itch for a 2015, therefore I went ahead and placed an order. I applied and got pre-approved for the 1.65% I spotted. I suppose I did the best I could with what I desired...

53Driver · 10-15-2014, 02:38 PM

I went with my '13 FR-S aafter the '14s had rolled onto the lot. Was able to get $1500 off the sticker and 1.9% through Toyota.

Texas BRZ · 11-05-2014, 10:10 AM

Looks like Subaru (with JPMorgan Chase) dropped their APR for '15 BRZ's from 1.9 to 1.49 for this month in my area.

'14 BRZ is still at .9 (don't know if other areas still at 0%).

Probably reduced to help stimulate slow sales during this time of year.

10-11-2014, 01:52 AM	#1
Texas BRZ Sports Car = Anti-Drug Join Date: Jul 2012 Drives: 2014 Honda CBR600RR Location: Plano Posts: 917 Thanks: 371 Thanked 307 Times in 193 Posts Mentioned: 2 Post(s) Tagged: 1 Thread(s)	Lowest APR for New Car Loan? Was searching around and the lowest I've found is 1.65% with RBFCU (found out about them when I saw their ad at the local movie theatre). I usually prefer to stick with PenFed, but they're at 2.34% for 60 months. Any others which you guys have spotted? Looking at 60 months term... Any help would be appreciated. __________________ "Did you know that this car comes with 300 horsepower in its stock form? 200 from the engine, 50 in its chassis, and the final 50 within the driver who can make the most of it." Texas BRZ

10-11-2014, 10:28 AM	#3
Texas BRZ Sports Car = Anti-Drug Join Date: Jul 2012 Drives: 2014 Honda CBR600RR Location: Plano Posts: 917 Thanks: 371 Thanked 307 Times in 193 Posts Mentioned: 2 Post(s) Tagged: 1 Thread(s)	Fantastic... Thank you for the thorough advice. I'll probably call around locally or do some more searching online to see if I can find something better... Total out the door price has been negotiated and agreed upon. Sales guy asked if I was going to finance, and I said yes, but I didn't say if it was going to be with their dealer. I'm just going to find the best on my own and be done with it. __________________ "Did you know that this car comes with 300 horsepower in its stock form? 200 from the engine, 50 in its chassis, and the final 50 within the driver who can make the most of it." Texas BRZ

10-11-2014, 10:49 AM	#4
Rapiddan45 Senior Member Join Date: Aug 2013 Drives: 2013 FR-S M/T Ultramarine Location: Hill AFB, Utah Posts: 127 Thanks: 41 Thanked 103 Times in 50 Posts Mentioned: 8 Post(s) Tagged: 0 Thread(s)	I was going to go through USAA when I got mine they quoted at 1.9. But once it got down to it I went through Toyota and got in at 1.5% for 36months. I was pretty surprised to say the least. __________________ 2013 Ultramarine 6MT- Feal 441 coils, Whiteline 20mm front/18mm rear swaybars. RPF1 17x9 +35. 245/40/17 RS-3 V2. OFH, Invidia OP, Spencer Fab HFC FP, Invidia N1 C38 JRSC, JROC, Delicious Tune, Radium PCV Catch Can

10-15-2014, 01:34 PM	#7
pinski Stole my avy from zGrinch Join Date: Sep 2014 Drives: 2015 Audi S3 Location: Greensboro, NC Posts: 472 Thanks: 330 Thanked 348 Times in 193 Posts Mentioned: 5 Post(s) Tagged: 1 Thread(s)	Always better to go armed with financing when you purchase than without. Big part of the reason I bought a '14 BRZ instead of the '15 was the discount coupled with 0% financing. Hard for the banker in me to pass up free money. __________________ 2015 Audi /S3 \| Panther Black \| DSG Gone...2014 BRZ, 2010 Lexus IS F-Sport, 2006 Mazda MX5, 1997 Mustang GT

11-05-2014, 10:10 AM	#10
Texas BRZ Sports Car = Anti-Drug Join Date: Jul 2012 Drives: 2014 Honda CBR600RR Location: Plano Posts: 917 Thanks: 371 Thanked 307 Times in 193 Posts Mentioned: 2 Post(s) Tagged: 1 Thread(s)	Looks like Subaru (with JPMorgan Chase) dropped their APR for '15 BRZ's from 1.9 to 1.49 for this month in my area. '14 BRZ is still at .9 (don't know if other areas still at 0%). Probably reduced to help stimulate slow sales during this time of year. __________________ "Did you know that this car comes with 300 horsepower in its stock form? 200 from the engine, 50 in its chassis, and the final 50 within the driver who can make the most of it." Texas BRZ

10-11-2014, 03:33 AM	#2
aegisdrgn Senior Member Join Date: Dec 2013 Drives: Scion FR-S 10 Series #2263 Location: Los Angeles Posts: 471 Thanks: 208 Thanked 277 Times in 179 Posts Mentioned: 4 Post(s) Tagged: 2 Thread(s)	Credit unions are usually the way to go if you want super low rates. My local credit union was offering 1.74% for people with good credit and auto-debitted payments, however when I financed my FRS, Toyota was having a 1.9% + $750 recent graduate rebate if you financed through them. The difference in interest paid at the end of the 60 month term was ~100ish (way less than that rebate), so I took Toyota's deal. Then again, if you can't get a good loan rate now, holiday season is rolling around and I know my local credit union runs a promo for refinancing loans with a newer, lower rate. Maybe you can find something similar? Definitely call around, and remember that you can get a loan pre-approval from your credit union to wave in the dealership's face if you want to negotiate their interest rate - but the best practice is negotiate the total price of car, then let the salesman talk to you about interest rates and payments. Keep your eye on the prize!

10-11-2014, 11:54 AM	#5
superleggera Senior Member Join Date: May 2014 Drives: BRZ / MX5 / S4 Location: MA Posts: 231 Thanks: 29 Thanked 64 Times in 51 Posts Mentioned: 3 Post(s) Tagged: 0 Thread(s)	I got 1.9% for 60 months from a local bank through the dealer. I might have been able to get a 1.6% rate from a CU but it's not worth the headache of compiling the paperwork and being between the dealer/CU to save $3 a month lol

10-15-2014, 02:38 PM	#9
53Driver T64-416Ax3=13,140shp Join Date: Feb 2012 Drives: 2002 AP1 and 2015 F-150 EB (DD) Location: NWA Posts: 878 Thanks: 783 Thanked 372 Times in 221 Posts Mentioned: 21 Post(s) Tagged: 0 Thread(s)	I went with my '13 FR-S aafter the '14s had rolled onto the lot. Was able to get $1500 off the sticker and 1.9% through Toyota.

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