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Originally Posted by subarubrzz
My second question is how long will it take for the car to arrive if I order it.
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Mine took almost four months.
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Originally Posted by subarubrzz
My last question is if I order a car and finance it, would i have to make payments on the car even if I haven't recieved the car yet?
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You don't actually buy the car until it arrives. You may have to put down a deposit for the dealership to place the order, but you don't get the loan until you actually buy the car. If you finance through a dealership, you don't sign the paperwork until you go to pick the car up. There are no payments until then because there's no loan and nothing to pay yet.
However, I would suggest shopping around elsewhere and getting prequalified for a loan first. You will usually get a better rate on a loan from a credit union than at the dealership. They will run your credit check and tell you how much they can prequalify you for. When the car comes in, you go to the credit union first to sign the loan paperwork, then go to the dealership to get your car. It adds one small step but saves you loads of money.
Get prequalified before you even go talk to a salesman. If you walk into the dealership with financing already in place when you're ready to order the car, you'll usually get a better deal on the price of the car also, because the salesman can't play with financing numbers to confuse you. One of the tricks salesmen use is to get you to focus on the monthly payment instead of the overall price of the car. Then they charge you more overall than you wanted to pay. If you already have financing in place, all they can negotiate is a single number, the price of the car. You'll usually get a better deal.
I got a 1.49% interest rate on my loan at a credit union. I wasn't even a member there. I just had to join with $10 in a savings account when I signed the loan paperwork. The dealerships around me couldn't get close to that deal.
The loan officer at the credit union was extremely helpful and straightforward, unlike some salesmen who will either try to confuse you with the numbers or simply don't understand the loans themselves and leave that up to the financing people in the back office. I handled all of it through email with a loan officer up until the day I picked up the car. Then I just stopped by the credit union on the way over, signed all the papers and was done with that.
Also, beware of the "0% interest until" traps at the dealership. A 1.5% rate for the life of the loan is better than a 0% interest rate that expires in six months and then has you paying 5% after that. Sometimes the dealer rate promotions are really good deals, and sometimes they are not, so don't let them dazzle you with offers that seem too good to be true.
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Originally Posted by subarubrzz
Also I want to order a car instead of buying one on the lot because I can't find a dealer that has the exact car that I want.
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Dealers can search other dealers' inventories and often find you the car you're looking for. These cars have so few options that that's even easier than with a normal car. You may end up having to pay part or all of a transfer fee for transportation from one dealer to the other and to compensate the other dealer for giving up a car. But just because it's on on your local lot doesn't mean that guy can't get the car for you from two cities over.