Quote:
Originally Posted by FRSNewb
The 27.5k is a bit high IMO so I do feel they are trying to take advantage of my age in some sense to earn a decent $ off me. It's not a 10 series either. But my concern is that because I have already put a deposit down on the car, and have sat down with the finance manager that I may not have any wiggle room to negotiate a fairer price for the car (I think the max I'd pay is 25k).
The term of financing was either 72 or 84 months; one or the other so you believe that they should be able to come down on the 4.99%?
Also the car has 13,000 km on it or roughly 8,000 miles
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That term is more believable if you're stretching it out to 84 months. Even if it was a new car with good credit, a bank never likes to stretch out a loan that far, hence a higher rate.
Now you can always pay the loan off early (it's all simple interest now, so there's no penalty for this anymore). My strong suggestion is to go with 60 months, especially if you have 10k to put down.
Even if this FR-S has a lot of add ons from the factory, I still wouldn't pay 25k on the vehicle price. You can buy one with no options at all for around that.