Advice buying an fr-s with cash?

[kmbkk]

What Grip Ronin said. Finance it, make some payments to help establish credit, then pay it off early.

[k.houan]

Originally Posted by calmtigers

Also from Clovis/ Fresno area!

#1 Go to Micheal Toyota; they sell shit tons of cars and are the ones who aren't going to pull bullshit tricks. (experience my family bought 3 cars from there, freinds have bought a few there as well)

The other guys are terrible, and will have you waiting around.

Also I'd suggest making a large down and then do payments for tax purposes always nice way to boost credit and show expenses

GL dude, hopefully I'll be picking up a white 6MT soon too!

Are you planning on getting yours from there? Have you got a price? Prices seem to be a little high in our area man :-|

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[k.houan]

Originally Posted by subwaynm

Google an Auto Broker tell him about the car your looking for and that you'll be paying cash and sit back and wait a few days. He'll come back to you with the car you desire for a price the Dealer won't touch.

Hmm, care to expand in this?

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[k.houan]

Originally Posted by jdm-az-fuk

Ill sell you my firestrom with only 4k miles for 25.5k. I owe 26.5 but ill take care of the difference. Car has been garaged and babied since day one. Never seen rain, only Florida weather.

I'd buy your car this this second if it was white!

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[enjoi23]

Originally Posted by k.houan

Alright so I'm looking to making the jump and purchasing a fr-s. I'm looking for a whiteout 6MT with zero options. Preferably new or with less than 1k miles.

I have enough money to buy one straight up cash. I'd like to get one for as low a price as possible, any advice?

I'm located in clovis CA. Credit is not very good.

Will buying all cash help keep the price down?

Should I make a big down payment instead and pay off the rest in payments?

Any recommendations on a dealer?

Any help would be appreciated!

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There's only one way to do this..

[ame="http://www.youtube.com/watch?v=qBo7HlxqeQE"]Get Rich Or Die Tryin (New Car Scene) - YouTube[/ame]

[finch1750]

1) dealers make no money on cash buys basically, so don't tell them until you buy.

2) Pure pricing really won't let you negotiate

3) big down payment, pay it off in a year with a loan through the credit union. Build your credit.

[comic0guy]

if your credit isn't very good, this is the perfect chance to improve it. When I bought my first car, I asked "whats the smallest down payment I can make to get the lowest interest rate?"

I was similar to you, except I only had like 2/3 of the cash needed. I had a good credit score, but no history. Credit unions are usually a good place to get a decent rate, but see if the dealer can get something better. I used my first car to help build credit, I think its paid off.

To sum it up: If you think you will get any loans in the future(car, house, whatever) use this opportunity to improve/build credit easily.

[calmtigers]

Originally Posted by k.houan

Are you planning on getting yours from there? Have you got a price? Prices seem to be a little high in our area man :-|

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The price should be the same in all areas because of pure pricing??

You need to make sure you're looking at the price for the super baseline car, they like to put in alot of options and say they're stock.
Check out truecar.com

[Rio]

Price is the MSRP. What increases price in some areas are taxes, destination and other "standard" fees. For example, in Puerto Rico, the destination fee is mich larger because of import taxes and freight. Just saying so that you don't have the wrong expectations.

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[trekkie]

Originally Posted by k.houan

Haha. But i don't believe they have the exact car I want at my local dealer, would I be able to order one to my specs? How does this work? And any idea on out the door price with no options? I'm hoping to get one for 25k or less.

1) If they are a nice dealer and want repeat business from you, they have monthly allocations coming in all the time. Some even show you what's coming on their sites. if that is the case, they can just change a color that is coming at the port, get what you want.

2) Speaking as someone who has destroyed his own credit not once, but twice in his life (18 year old with credit card, 35 year old with a failed business) if you want to have better credit the suggestion made earlier of get loan, pay off, is a great suggestion, another would be get loan for $5000 or 10000, make payments for a year or two on that balance so you prove you're a reliable payer is another good thing as well.

[N1rve]

I would say only finance if you can get a reasonable rate. If you get like a 10% interest rate, I say forget it. There are other ways to build credit, such as use your credit cards and pay them off. Small credit card purchases are easier to pay off than a large car purchase.

A higher interest rate means you'll be paying more for the car....

[P@ul]

This is a prime opportunity to fix your credit, do not pass it up! You typically won't have any larger purchases than this, other than a house, so try the credit unions first and see what is the best rate you can get. You can typically pay your loan off early without penalty, so that will keep the interest hit to a minimum.

1) Do you have a cash back or reward points credit card? Max out the down payment on your credit card. I put down $5k on my card. It might be half a percent back but I don't care; money is money!
2) Pay your loan off in a year. Hell, you can pay it off faster if you want. If your interest rate is that bad, then just pay it off in a few months.

[N1rve]

Originally Posted by P@ul

This is a prime opportunity to fix your credit, do not pass it up! You typically won't have any larger purchases than this, other than a house, so try the credit unions first and see what is the best rate you can get. You can typically pay your loan off early without penalty, so that will keep the interest hit to a minimum.

1) Do you have a cash back or reward points credit card? Max out the down payment on your credit card. I put down $5k on my card. It might be half a percent back but I don't care; money is money!
2) Pay your loan off in a year. Hell, you can pay it off faster if you want. If your interest rate is that bad, then just pay it off in a few months.

Double check the contract of your loan if you plan to take a loan. If you finance through Toyota, there will not be any penalties for paying off a loan early.

I cannot say for other institutions.

[svgeronimo]

If you're in the military or have family/friends in the military take advantage of the $1000 off at Toyota scion dealers. It helped me out a lot


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