2013 Scion FR-S Priced at $24,200 ($24,930 after destination)

[ayau]

Originally Posted by 86fanatic

Not sure how this got into a topic about auto loans, but there are plenty of car loan specials which offer very low interest rates. I've seen 2% all the way down to 0% for 5 years.

I would say if you do pay cash for a car you are being a little careless with your money. The name of the game is cash flow and opportunity cost, if you dump 20k+ at once you just lost the ability to invest in assets which can earn more then 2% return over the lifetime of the loan.

This whole debt = evil mentality is pretty dumb. Yes, if you can't afford your debt it's a bad situation, but all debt is not necessarily bad.

this is correct.

look at any medium to large businesses and look at their debt account.

obviously everyone knows that a car is probably the most worthless financial decision would could make, but i hope most people realize that a car isn't an investment; it's just an expensive toy.

with interest rates this low, it's probably not the best idea to just throw 25k down the drain. lets say you want to purchase a house down the road. guess where the 25k down payment went to?

[tranzformer]

Originally Posted by Frost

Sure it does. Do you guys know time value of money? $22,200 vs $24,200. That's $2000 over the life of a 4 year car loan on average. Most people never buy a car in cash so in terms of monthly payments, it doesn't mean that much more per month. People who only look at bottom line are forgetting everything along the way.

I can understand if people were complaining about $4-6k over the original estimates. If this car was going to sell for $27-29, I woulda balked.

As for my comparo's, I meant to say the Gen 2.0T is a different beast entirely. On that same note, the MX5 is slightly different too (less hp BUT less weight!) but the MX5 is the closest to the FR-S. The Gen 2.0T is more better compared to the 1 series, 'Stang, etc. More a french knife than a surgeon's scalpel (FR-S / MX-5).

As for whoever said my Gen 2.0T cost is off, I got it off of Hyundai.com using zip code 14120.

EDIT: Interesting, if you enter a zip code further south in the US, the Gen 2.0T price drops. I guess they are trying to deter us Canucks from hopping the border and buying US cars into Canada.

Same argument can be made for why people won't jump from a FRS to a BRZ Limited. "It is just a few thousand more. It will only be $40-50 more a month." Well for some people that is more than they want to pay.

And yes the GC 2.0T definitely starts at $24,250 MSRP.

[harajukukei]

this is a good price if the dealer will put the toyota badges on it.

[86fanatic]

Originally Posted by zoomzoomers

Guys what you do with your money is completely your own business, but let me make you guys think for a moment. Right now you can easily get 5 to 6 year loand for 2.5 to 3.0%. Depending on your credit rating, etc., etc. IMHO, you'd be foolish not to finance and use someone else's, the bank's, money and use your own money for something better. Oh like invest it or take it for a walk. If you down pay 10% on a $30k car with rates like 3.0% you're talking about a few hundred dollars over the life of the loan. Chump change.

I was going to pay cash myself until I did some research and it seems I'd be outta my mind not to finance when using someone else's money is so damn cheap right now. I could use that same money I was going to pay for the car with and use it for down payment on another proprety, which I think I just might do. So food for thought guys...

To expand, you can get a 5 year CD with 1.8% interest. If you can land a car loan for less then 1.8%, which is very possible in today's environment with good credit, you are throwing money away by using cash to buy:

http://www.bankrate.com/funnel/cd-in....aspx?prods=19

[zoomzoomers]

Originally Posted by 86fanatic

To expand, you can get a 5 year CD with 1.8% interest. If you can land a car loan for less then 1.8%, which is very possible in today's environment with good credit, you are throwing money away by using cash to buy:

http://www.bankrate.com/funnel/cd-in....aspx?prods=19

[tranzformer]

Originally Posted by sprintertrueno86

What if the actual FRS price is higher than 24,200?

It most likely will since many dealers at "dealer installed options" to the car so it will be very hard to find a bone stock car at MSRP. That is how a lot of Scion dealers make extra money. Look at some of the pricing on tC's. Not saying all Scion dealers do this, but many do.

[Sasquachulator]

Originally Posted by harajukukei

this is a good price if the dealer will put the toyota badges on it.

Because the Scion badges clearly makes this car worse than its Toyota counterpart.......

[Frost]

Originally Posted by ayau

this is correct.

look at any medium to large businesses and see look at their debt account.

obviously everyone knows that a car is probably the most worthless financial decision would could make, but i hope most people realize that a car isn't an investment; it's just an expensive toy.

with interest rates this low, it's probably not the best idea to just throw 25k down the drain. lets say you want to purchase a house down the road. guess where the 25k down payment went to?

Quoted for truth! Money management 101!

I spent my $45k in investments for a property that cuts my commute time from 90-110 minutes down to 8-10 minutes. Saves me $2000 per year on gas too.

Now THAT is a worthy investment.

Come on Scion Canada. Announce pricing at par!

[Frost]

Originally Posted by tranzformer

Same argument can be made for why people won't jump from a FRS to a BRZ Limited. "It is just a few thousand more. It will only be $40-50 more a month." Well for some people that is more than they want to pay.

And yes the GC 2.0T definitely starts at $24,250 MSRP.

I'm going to say this once: READ MY POST.

Use zip code 14120 - I just triple checked.

[blu_]

Originally Posted by Frost

As for whoever said my Gen 2.0T cost is off, I got it off of Hyundai.com using zip code 14120.

EDIT: Interesting, if you enter a zip code further south in the US, the Gen 2.0T price drops. I guess they are trying to deter us Canucks from hopping the border and buying US cars into Canada.

That is odd.

I just looked up Gen Coupe pricing. As far as I know Hyundia doesn't have regional pricing differences.

Invoice:23,060.00
MSRP:24,250.00

That said, I never liked the Gen Coupe or Mustang (I can't stand the Mustang) and both are significantly different cars IMO. Whether its a better value or not is another discussion.

Also, fantomi is a huge hater on this car, so don't let him get to you.

[Sasquachulator]

Originally Posted by Frost

Quoted for truth! Money management 101!

I spent my $45k in investments for a property that cuts my commute time from 90-110 minutes down to 8-10 minutes. Saves me $2000 per year on gas too.

Now THAT is a worthy investment.

Come on Scion Canada. Announce pricing at par!

Hyundai Canada's website says the Genesis coupe starts at 26,500.......
Im thinking this car may end up being equivalent to that up North.......

[pastuch]

Originally Posted by Heero

I will be the first person in my family to purchase a car for more then 20k, so its a big deal. My dad already thinks I'm an idiot ^^

I have enough cash to buy the car, but now my decision is... should I buy this car or finance a 128 for 8-10 extra (probably less then 8) over 3 years.

Will Canadian pricing be released tom too? If Scion does Canada a solid and makes pricing on Par, I will buy this car, if not...

But then again I can imagine the bitching & moaningg.



26500 is still pricy at a low. Thats what... 32 on the road? 8-10k extra still gets me a nice 128. Decisions.

26500 + 13% tax + $1000 freight is $31000... I hear ya though, it's definitely more than I want to pay.
Edit: Your right, it's closer to $32000 with all the extra bullshit.

[CXTKRS1]

Some penny pinching people here in this thread. Someone should not be stretching their budget just for a car.

[netster007x]

The headline article here has a typo. It says "The 6 speed manual model is priced at $25,300" when it is really referring to the automatic.

I don't know about this. For $2,000 less I could get a much more powerful Mustang.