In the market

[BrianFRS]

Delete this or move to the right section, if I'm not asking in the right place.

I'm currently in the process of purchasing my FR-S. Only things I'm trying to iron out are the interest rates.

I've already been quoted 6.35% @ $370 for 84 months.

Now I know thats not great, but I gave them a budget to work with, which may have been a bad idea. 300-350. But even then, it's still not in that range, UNLESS, I were to Lease. Then I would be looking at 300/month with a $2k down payment.

Basically, my question is: I've seen people on here get deals, where they've put 0 Down, and got 1.9% interest. Is that just a special deal at specific dealerships? or am I missing something. Are there any dealers in the LA area that are doing 0 Down with 1.9%??

Also, they told me my credit was in the Tier 1 range, which means I should be getting rates way lower than 6% if that's true. I just don't want to keep asking around, because I feel like they're just going to make me fill out another application, and I don't want that to affect my credit. I'm new to the car buying process.

SO....what gives? Any advice or comments are appreciated. Thanks.

And this is based on a price of $24,830 with the $750. College Grad Rebate

[jebuwh]

My advice... Find a low mileage used. I bought mine with 9k back in October. 1.99% rate, got the car for basically 20k even. If you're not set on brand new that's what I would do again. Plus it was Toyota certified used so I have the crazy 7 year 100 k warranty.

[Turbo95eg6]

Walk away… I wouldn't settle for anything over 3%. 84 months is a hella long time.

[husker741]

I wouldn't buy used, and I would also walk away from that dealer. I'm a college kid and I got 2.55%. If I can get that, you can too with your recent college grad rebate.

[vroom4]

Your credit must be terrible or not exist, thats horrendous.

[BrianFRS]

Originally Posted by vroom4

Your credit must be terrible or not exist, thats horrendous.

That's exactly my thoughts, but it's not. So I'm just thinking they're trying to screw me over.

[BlueDubbinTDI]

Takeover my lease at 324/mo for 23 more months

[BrianFRS]

Originally Posted by BlueDubbinTDI

Takeover my lease at 324/mo for 23 more months

If it's a Manual in Whiteout and in the LA area, then hell yeah! lol

[acg2010]

Originally Posted by BrianFRS

That's exactly my thoughts, but it's not. So I'm just thinking they're trying to screw me over.

Must be screwing with you, or you're not putting anything down and they're screwing with you. Even with no credit, the College Grad Rebate program entitles you to the Tier 1, best credit, loan rates through Toyota. Right now, on the FRS, according to Scion's website, that's 1.9%.

When you finance or lease through a Scion dealer and Toyota Financial Services (TFS), you'll receive the $750 rebate. Through the College Graduate Finance Program, there's no monthly payments for the first 90 days on select TFS finance programs with competitive APRs on new Scions. And through your participating dealer, if you qualify for the college graduate rebate, you will automatically get APRs that are available for well qualified customers.

[husker741]

Take a quick look at the subform for Cali and try to find dealerships that people recommend and go there.

[BrianFRS]

Originally Posted by acg2010

Must be screwing with you, or you're not putting anything down and they're screwing with you. Even with no credit, the College Grad Rebate program entitles you to the Tier 1, best credit, loan rates through Toyota. Right now, on the FRS, according to Scion's website, that's 1.9%.

I knew something was fishy about this deal. Thanks dude. I wasn't going to make any rash decisions. But yeah, I guess I just gotta keep searching.

[BrianFRS]

Originally Posted by husker741

Take a quick look at the subform for Cali and try to find dealerships that people recommend and go there.

Will do. Thanks

[Eurasianman]

As others have said, that is a crap deal. When I got my BRZ, I got 2.9% easily. Could have gotten better had I waited another month (bought a house 2 months prior to buying the BRZ). And on top of that, I had student loans out.

However, none of that really matter since I made payments on everything I owed (here's the kicker...) on time.

[acg2010]

Originally Posted by BrianFRS

I knew something was fishy about this deal. Thanks dude. I wasn't going to make any rash decisions. But yeah, I guess I just gotta keep searching.

There is a caveat on some of the deals (the 1.9% on all remaining 2013s) that your amount down has an effect I believe. So, if you're not willing to put much down, that may affect the interest rates they can give you. (no money down = bigger risk for them)