Did I Get A Bad Deal From The Dealership?
 

Went to my dealer to buy my first car not knowing what's going to happen..
Wanted a White stock FRS, but they had only a White TRD FRS, so I said fuck it and walk out the door paying $31k with a 7% APR for 5 years :cry:

(Included TRD springs, swaybar, and exhaust.)

It's been a good 2 years crying, but I think I'm over it now. :lol:

Anyone else think they got a bad deal from their dealership?!

Wasn't a great deal but wasn't horrible for 2 years ago either.


You did get raped on the interest though.


http://37.media.tumblr.com/18901f251...b6cio1_500.gif

I'm doing 6 years open loan on 5.99% you could've argued like I did. They wanted to give me 7.99, I told them to eat a ****. They got me a down to 5.99


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That's kinda high. Did you do $0 down? I got 3.49 on 7 years, and I thought even that was high

Look into refinancing the loan. If your credi is halfway decent you should be able to get a rate for half what you have now. Maybe less. Check with credit unions in your area.

Did I Get A Bad Deal From The Dealership?
 

That's pretty good! Was it new? I did 0 down but I'm paying it off before that ATM. Mine is 6 years actually. My credit is pretty good too.

To op, do look into refinancing it. You might be able to save a couple of bucks


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7% APR is little high....might consider refinance it, it might saves you hundred or even thousand buck for after market part :)
Mine was 2.99 APR

Yeah it was new. I also traded it my old Mini, which wasn't even driveable due to a blown engine for 1200 and put another 1000 on top, so total of 2200 down. I also got them to lower the price by 500. I still felt like I was getting ripped off. I don't know, I hate being in dealerships and going through a deal. I just have this feeling like something's terribly wrong, like I'm being scammed lol.

Some of these interest rates you people are quoting are insane. I'm paying 1.49% on my 2014. It was a four year note, but that interest rate was good for up to a six year loan. It'll be paid off in January.

I didn't finance through a dealership. I financed through a credit union I wasn't even a member of, and I had my financing in place before I even walked into the dealership to talk about buying. You save a lot of money by shopping around for rates and getting pre-approved for financing first.

You also get a better deal on the car itself if you don't finance at the dealership. You take away one of the salesman's best tactics for getting you to pay a higher price for the car.

I actually discussed this with my financial advisor, and I'm not sure if this just pertains to Canada, but he said in general the lowest rate you'll get is at the dealer. He told me if they try to charge you above a certain rate, come back and see me.

I got 60 months 1.79% interest. Got my first credit card 6 months before my purchase. Should have been 1.99%, but recent graduate program dropped it by 0.2% and $1k discount. Dealerships are by far the cheaper option for financing here.

I got a rate of 0.9%- zero-point-nine- last year when I bought my 2016. Hell that's practically free money.

I was prepared to pay cash for the whole thing but at that rate, I was way ahead financing a chunk and investing the remaining cash.

Some people are broke and have no credit. 7% might be a good deal in their position.