Advice buying an fr-s with cash?
 

UPDATE: I've found a potential frs in the color i wanted from a fellow forum member. It has a Cusco front strut, 527 wheels 17x8.25 and 17x9.75, new rear wider tires, bc Coilovers, clear bra, Berk dual muffler delete. and 3200 miles on it. He's asking $24k. What do you guys think? Should I negotiate a deal with him? Thing is hes located in Minnesota and Im in Cali, how would a deal like this go down without anyone getting screwed over? And should I go this route rather than buying a brand new frs?I'd be grateful for any input.




Alright so I'm looking to making the jump and purchasing a fr-s. I'm looking for a whiteout 6MT with zero options. Preferably new or with less than 1k miles.

I have enough money to buy one straight up cash. I'd like to get one for as low a price as possible, any advice?

I'm located in clovis CA. Credit is not very good.

Will buying all cash help keep the price down?

Should I make a big down payment instead and pay off the rest in payments?

Any recommendations on a dealer?

Any help would be appreciated!

Sent from my Nexus 4 using Tapatalk

Steps.

1) drive to dealer

2) approach salesman in non threatening manner

3) let him know the sale will be

http://www3.myfantasyleague.com/ffln...e_icon0020.jpg

4) negotiate

5) sign papers

6) play today was a good day

Haha. But i don't believe they have the exact car I want at my local dealer, would I be able to order one to my specs? How does this work? And any idea on out the door price with no options? I'm hoping to get one for 25k or less.

Sent from my Nexus 4 using Tapatalk

Go in and tell them you have 25k and tell them what you want. To be honest with tax and everything i doubt you will be able to walk out paying sticker price but you never know.

Give them the smallest down payment they will allow. When your first payment is due, pay it off with one check. It will help your future credit rating and only cost a little extra for the interest on one month.

Shop around and find the one you want that has all the features. Tell the sales rep you want to buy it (once you find the one you like) straight cash and want it for 25k out the door. They like cash they will make it happen.

Why not invest the wad of money and just make payments? You could offer a huge downpayment to make them drop their price. ntron idea is good.

Please...

Do not tell them that you are paying CASH!

If you think paying CASH!! is gonna net you a better Deal ? You are WRONG!!!

They all hate CASH!! because they can not SCOOP any thing back from FINANCING if they deal with you.

Best to Deal, tell them you are FINANCING, after you got your deal....tell them that You are going to Pay CASH, now that you think about it. Now they have to stick to their words, even if they hate it

Won't the Pure Pricing prevent a "cash discount" for a new car?

I'd ask where the funds came from but we all know the premium a couple sr20's can pull a week before race wars.

The least amount of money a dealer can make on the sale of a car is to sell a car for 'cash'. If, instead, you walk in and suggest you might have enough for a down payment and would like them to arrange financing for you that's the chance of perhaps getting the best deal. They will get a kick-back from their bank which will be pure profit for them. That way they can afford to sell the car for less. It doesn't change the fact you still have to negotiate a good price. Wait until the day you take delivery and pay cash. You could always fib a little and say an uncle decided to finance you for zero interest.

Seconded.

I lol'd. RIP Paul Walker :(

they dont care about your cash..
they would rather you get a loan from them cause they make money off of that as well..
cash works fine.. but its not really an advantage..

So I should go in without giving them knowledge of how much cash I'm willing to spend and just let them arrange financing? My credit isn't very good and I'm sure the finance would be terrible. Should I just take that and pay it off? Also, I want the car NEW is this possible for a 2013?

Sent from my Nexus 4 using Tapatalk

Yes, it could help you bargain a lower price. However; your resale value will be lower than if you got a '14.

If you're buying a new scion FRS, they will not go lower than the posted price (not MSRP), I got my FRS 1500 below MSRP. 27940 or something because theres a clearance for the 2013. After taxes, I got it for 30,XXX.

I would rather buy the FRS in a full out cash payment because financing the car means more money for the dealer as Scion's Pure Pricing will not allow them to go below the posted price.

If you pay for the full cash amount, the dealer doesn't earn money from interest.

If you have poor credit, do not finance the car, the interest rate is roughly 15% for poor credit people.


Just go into the dealership, find the car you want, sign the papers, pay for the car, drive off.

There are no negotiations to be done. Avoid all the extras...they offered me a 1000 dollar plan for an additional 2 years of maintenance.... wow LOL

Also from Clovis/ Fresno area!

#1 Go to Micheal Toyota; they sell shit tons of cars and are the ones who aren't going to pull bullshit tricks. (experience my family bought 3 cars from there, freinds have bought a few there as well)

The other guys are terrible, and will have you waiting around.

Also I'd suggest making a large down and then do payments for tax purposes always nice way to boost credit and show expenses

GL dude, hopefully I'll be picking up a white 6MT soon too!

If you are trying to keep it as cheap as possible, buy used. Buy from someone who just bought the car and realized they "made a mistake" for some reason. That will help with some of the depreciation and that will be about as cheap as you can get one.

I also like @chulooz idea except for with bad credit like you mentioned you had, you won't get a low enough interest rate to justify not just buying it out right or paying it off in a year (this will build up credit quickly). If you choose to go payments, find a credit union to get a better rate. DO NOT go through the dealer.

Google an Auto Broker tell him about the car your looking for and that you'll be paying cash and sit back and wait a few days. He'll come back to you with the car you desire for a price the Dealer won't touch. ;)

You are going to face the "Pure Price" Scion policy. http://en.wikipedia.org/wiki/Scion_(automobile)

Walk in, throw money in the air and pimp slap the dealer

Walk in and be like

http://stream1.gifsoup.com/view3/170...-it-rain-o.gif

Ill sell you my firestrom with only 4k miles for 25.5k. I owe 26.5 but ill take care of the difference. Car has been garaged and babied since day one. Never seen rain, only Florida weather.

cash means nothing at a car dealership, if anything it hurts you. Also scions are 1 price only so close this thread and move on...

Unless of course he wants to add options to it.

if you make payments u can build up your credit faster.. but you wont get a good rate. id just pay it a year then pay it off...

What Grip Ronin said. Finance it, make some payments to help establish credit, then pay it off early.

Are you planning on getting yours from there? Have you got a price? Prices seem to be a little high in our area man :-|

Sent from my Nexus 4 using Tapatalk

Hmm, care to expand in this?

Sent from my Nexus 4 using Tapatalk

I'd buy your car this this second if it was white!

Sent from my Nexus 4 using Tapatalk

There's only one way to do this..

[ame="http://www.youtube.com/watch?v=qBo7HlxqeQE"]Get Rich Or Die Tryin (New Car Scene) - YouTube[/ame]

1) dealers make no money on cash buys basically, so don't tell them until you buy.

2) Pure pricing really won't let you negotiate

3) big down payment, pay it off in a year with a loan through the credit union. Build your credit.

if your credit isn't very good, this is the perfect chance to improve it. When I bought my first car, I asked "whats the smallest down payment I can make to get the lowest interest rate?"

I was similar to you, except I only had like 2/3 of the cash needed. I had a good credit score, but no history. Credit unions are usually a good place to get a decent rate, but see if the dealer can get something better. I used my first car to help build credit, I think its paid off.

To sum it up: If you think you will get any loans in the future(car, house, whatever) use this opportunity to improve/build credit easily.

The price should be the same in all areas because of pure pricing??

You need to make sure you're looking at the price for the super baseline car, they like to put in alot of options and say they're stock.
Check out truecar.com

Price is the MSRP. What increases price in some areas are taxes, destination and other "standard" fees. For example, in Puerto Rico, the destination fee is mich larger because of import taxes and freight. Just saying so that you don't have the wrong expectations.

Sent from my SGH-T999 using Tapatalk

1) If they are a nice dealer and want repeat business from you, they have monthly allocations coming in all the time. Some even show you what's coming on their sites. if that is the case, they can just change a color that is coming at the port, get what you want.

2) Speaking as someone who has destroyed his own credit not once, but twice in his life (18 year old with credit card, 35 year old with a failed business) if you want to have better credit the suggestion made earlier of get loan, pay off, is a great suggestion, another would be get loan for $5000 or 10000, make payments for a year or two on that balance so you prove you're a reliable payer is another good thing as well.

I would say only finance if you can get a reasonable rate. If you get like a 10% interest rate, I say forget it. There are other ways to build credit, such as use your credit cards and pay them off. Small credit card purchases are easier to pay off than a large car purchase.

A higher interest rate means you'll be paying more for the car....

This is a prime opportunity to fix your credit, do not pass it up! You typically won't have any larger purchases than this, other than a house, so try the credit unions first and see what is the best rate you can get. You can typically pay your loan off early without penalty, so that will keep the interest hit to a minimum.

1) Do you have a cash back or reward points credit card? Max out the down payment on your credit card. I put down $5k on my card. It might be half a percent back but I don't care; money is money!
2) Pay your loan off in a year. Hell, you can pay it off faster if you want. If your interest rate is that bad, then just pay it off in a few months.