Quote:
Originally Posted by Marloon
interesting... So i might as well go through my bank for this loan then eh?
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Depends Marlon. See if you're even qualified to Have a car loan through the bank for THAT high an amount. Not to put you down or anything, just realistically they like to see that you've been employed full-time for 6 months to a year at the same place with steady income. If they happen to approve you for a 30k car loan, chances are, you won't get their "best" rate because of your history..or lack there of. Figure out what rate they can give you, by that you can calculate Just how much total interest you will actually pay over the full term.
Assuming you put ZERO down on a Sport-tech BRZ, a 60 month finance, everything inclusive. at 3.9% you end up paying about $3,550 in interest alone. If it's 4.9%, you're paying about $4500 in interest
just to compare, a FRS out the door, 60mth total interest
@3.9% = ~$3150
@4.9% = ~$4000
It's also something everyone should consider when comparing the FRS to the BRZ, not just the MSRP difference, but also the extra $100 in freight/pdi and $400-$500 for extra interest(if financing)
It'd be good to stop by your bank and find out sooner rather than later