|
Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86 |
|
Thread Tools | Search this Thread |
03-25-2012, 09:25 PM | #1 |
Member
Join Date: Mar 2012
Drives: future FR-S
Location: Temple TX
Posts: 52
Thanks: 1
Thanked 11 Times in 9 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
BRZ Limited for the same monthly payment as FR-S?
Please correct me if I'm wrong but I was looking at the financing tiers for Toyota financial and Subaru financial and it appears that Subaru offers a lower interest rate for their tier 1 (best credit) customers than the tier 1 customers of Toyota. Subaru's financing goes as low as 2.9% for 72 months whereas Toyota's goes down to just 5.9%.
This means that a 25k FR-S at 5.9% APR interest would have an almost identical monthly payment as a 28k (estimated obviously) BRZ limited at 2.9% APR. Last edited by Big T; 03-25-2012 at 09:26 PM. Reason: whoops! had something backwards |
03-25-2012, 09:27 PM | #2 |
Senior Member
Join Date: Mar 2012
Drives: auto
Location: us
Posts: 243
Thanks: 5
Thanked 43 Times in 19 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Financing at a dealer sounds like a bad idea. I wouldn't pay anything more then 2% through a credit union. 6% APR is highway robbery in my opinion.
|
03-25-2012, 09:29 PM | #3 |
Delights in pure handling
Join Date: Apr 2011
Drives: Zoom Zoom
Location: KS
Posts: 4,854
Thanks: 0
Thanked 15 Times in 14 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
|
03-25-2012, 09:32 PM | #4 | |
Member
Join Date: Mar 2012
Drives: future FR-S
Location: Temple TX
Posts: 52
Thanks: 1
Thanked 11 Times in 9 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
True, but both Toyota and Subaru have a 1k rebate program for college grads (I'm just getting my degree, don't hate) that also qualifies them for the lowest APR's. For anyone with less than stellar credit this may be the only way to get a halfway decent rate on a new vehicle. |
|
03-25-2012, 09:36 PM | #5 | |||
Delights in pure handling
Join Date: Apr 2011
Drives: Zoom Zoom
Location: KS
Posts: 4,854
Thanks: 0
Thanked 15 Times in 14 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Quote:
Quote:
Just remember that Scion could potentially not include the FRS in this program. |
|||
03-25-2012, 09:46 PM | #6 | |
Member
Join Date: Mar 2012
Drives: future FR-S
Location: Temple TX
Posts: 52
Thanks: 1
Thanked 11 Times in 9 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
03-25-2012, 09:49 PM | #7 | |
Senior Member
Join Date: Mar 2012
Drives: 2013 SWP Limited BRZ - Manual
Location: Concord, NH
Posts: 393
Thanks: 448
Thanked 143 Times in 73 Posts
Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
03-25-2012, 09:53 PM | #8 | |
Member
Join Date: Mar 2012
Drives: future FR-S
Location: Temple TX
Posts: 52
Thanks: 1
Thanked 11 Times in 9 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
http://www.cars101.com/subaru/rebates.html#collegegrad |
|
03-26-2012, 02:36 AM | #9 | |
Senior Member
Join Date: Mar 2012
Drives: '14 Toyota Corolla S
Location: Florida
Posts: 161
Thanks: 39
Thanked 38 Times in 21 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
|
|
03-26-2012, 06:30 AM | #10 |
Member
Join Date: Mar 2012
Drives: future FR-S
Location: Temple TX
Posts: 52
Thanks: 1
Thanked 11 Times in 9 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
|
03-26-2012, 06:51 AM | #11 |
Senior Member
Join Date: Jan 2012
Drives: 2007 WRX
Location: Chelsea, MA
Posts: 113
Thanks: 14
Thanked 3 Times in 3 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Nothing bad about it unless they aren't offering as good a rate. I financed my car through the dealership because I got something like that 2.9% (don't remember what it was now). My bank (USAA) wouldn't offer anything close to that. It isn't like the dealership is going to magically screw you. They just have deals with various banks and can often get better rates than you can individually. They'll often offer special lower rates on new vehicles to promote them. If they do that for the BRZ it could very easily be an excellent deal.
|
03-26-2012, 07:07 AM | #12 |
Wish Nissan made one
Join Date: Feb 2012
Drives: '13 WRB BRZ Premium
Location: Lake Orion, MI
Posts: 886
Thanks: 129
Thanked 360 Times in 189 Posts
Mentioned: 18 Post(s)
Tagged: 1 Thread(s)
|
Just because Toyota is only offering 5.9% doesn't mean that your Scion dealer can't still offer you a better rate. Dealers get to work with multiple banks. If the manufacturer offers the lowest promo rate, they will give it to you, but they can also get you low rates from other places.
You'll have to inquire with the finance department to see what they can offer.. then shop your favorite local credit unions/banks. You can also try a national lender (ie. Penfed credit union ~1.9% for 48 and 2.49% for 60). |
03-26-2012, 07:39 AM | #13 | |
Delights in pure handling
Join Date: Apr 2011
Drives: Zoom Zoom
Location: KS
Posts: 4,854
Thanks: 0
Thanked 15 Times in 14 Posts
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
|
Quote:
No the dealer would never try to screw a customer. / sarcasm |
|
03-26-2012, 09:37 AM | #14 |
Senior Member
Join Date: Jan 2012
Drives: 2007 WRX
Location: Chelsea, MA
Posts: 113
Thanks: 14
Thanked 3 Times in 3 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
For financing the dealership (the car salesman probably doesn't handle the financing) is dealing with banks just like you (except sometimes they get better rates because of deals with banks or because they subsidize the loan). Mine was through Chase if I remember correctly. They want you to get financing that you're happy with because they want you to be able to buy the car. It is definitely good to show up prepared to finance the car through your own bank or whatever but if the dealer can get you a special low rate then there's no reason not to take it. Car loan terms are pretty straight forward. Obviously read through the terms before signing anything.
|
|
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Torsen limited slip | BMWDavid | BRZ First-Gen (2012+) -- General Topics | 41 | 06-12-2012 09:04 PM |
Would you buy the BRZ limited 27.5k Out the door? | Xdragonxb0i | BRZ First-Gen (2012+) -- General Topics | 84 | 03-17-2012 11:49 PM |
Limited Edition Colors? | bambbrose | Scion FR-S / Toyota 86 GT86 General Forum | 7 | 11-30-2011 03:23 PM |
Modifying a Limited Production Car? | ashtray | Scion FR-S / Toyota 86 GT86 General Forum | 10 | 11-29-2011 07:48 AM |
Monthly Top Garage Meet | AZNWOKZ | NY / NJ / CT / PA | 1 | 06-06-2010 02:28 AM |