Quote:
Originally Posted by Yanbags
Do you plan on keeping the car for at least as long as the warranty period and keeping it stock that whole time? IMO that's the only way it would make sense to get the extended warranty. I personally don't think it's really worth it anyway, as you still have the powertrain warranty for 5yr/60k miles.
4.49% is pretty high; I'm sure you can get a better rate from your bank or credit union.
The whole 2-3% with the contingency being the extended warranty also sounds like BS. If they can sell it to you at that rate with extra "goodies", they should be able to sell it to you at that rate without the crap. I would negotiate for this first.
Also, don't put all of your eggs in one dealership. Talk to the others too 
Edit: Assuming you are taking a loan of $25700 over 60 months, 4.49% would be $3041 in total interest. If we're staying with the same loan amount, 2.7% would put you at $1803 total interest, not $2010. Just incase you were getting these figures from the dealer. |
I know for a fact that the dealerships tack on their own % for financing in house. I have come across irritating and difficult to fulfill requirements from banks for an auto loan. I have part cash business part 1099 work. They ask for statements etc etc from me. Chase subaru auto did not give a crap if i ate babies for a job, they saw good down payment and other logical stuff to grab the deal. I knew that would happen, the lack of needing other crap. I have to find somewhere that does not check a massive amount of crap for a 691, 701, 702 true fico credit score.
I agree now and thank you about the need to negotiate it.
One point is that there are NO other dealerships I can go to. There are 0 within 100 miles of NY City manual BRZ's, and much farther distance for a PPackage. Plus, mine has 7 miles on the OD. One idiot test drive could kill this thing. It took almost 4 months after ordering the car to receive it too.