Finance Rates on the FR-S?

[track_warrior]

Originally Posted by Subie

Check PenFed. They seem to have the best rate right now, at least that I've seen.

Will do man!! Thanks for the advice!!

[M&M_Hwy9]

You also might not want to trade in your car. Our guy said that they would only give us 1k for her 96 toyota, but I all ready have someone who will give us 3k for it.

[mickey177]

Originally Posted by M&M_Hwy9

You also might not want to trade in your car. Our guy said that they would only give us 1k for her 96 toyota, but I all ready have someone who will give us 3k for it.

Well I have a 2005 Toyota Corolla CE with 110,000 miles. I would said from a scale from 1-10 (10 being perfect), I would honestly ranked mine at a 4. So I am hoping to get atleast $4,000 either by trading it in or selling it.I bought it brand new(well 200 dealer miles) and switch it to Synthetic oil every since the first oil change.But I realized that would make to a car buyer. Does $4K sound reasonable?

[M&M_Hwy9]

I would check the kelly blue book auto price guide or e-bay for pricing ideas.

[mandm177]

Originally Posted by mickey177

Well I have a 2005 Toyota Corolla CE with 110,000 miles. I would said from a scale from 1-10 (10 being perfect), I would honestly ranked mine at a 4. So I am hoping to get atleast $4,000 either by trading it in or selling it.I bought it brand new(well 200 dealer miles) and switch it to Synthetic oil every since the first oil change.But I realized that would make to a car buyer. Does $4K sound reasonable?

you might want to try carmax as well. it's a free appraisal, and if they offer more than toyota will for the trade, it takes some of the hassle of trying to sell it private-party.

Sold my 350Z to carmax and got more than i expected...

[bimmerboy]

check with your local credit unions, if you have good credit you should be able to get 1.99% @60 months.

Always have your financing figured out before heading into the dealership. Gives you an upper hand when negotiating too.

[mickey177]

Originally Posted by ruskymx

They will go by your credit score with Experian. Whatever it is, it falls into the range posted on your dealer's website. Currently, I think it's 3.24% up to 60 months. I do believe they will give you "Encore", which is 0.25% rate discount if you have a previous TFS loan for more than 12 months and made timely payments. They also have an equity program too if you finance less than 80-90% loan-to-value and it amounts to another 0.25% off. With both of those programs, you could get as low as 2.74% up to 60 months. You would need to pay for tax and tags plus around $2000-3000 on top of that to get the equity discount.

Ruskymx

I just purchase my Experian Credit Score and it is 37 points lower than my Equifax Credit Score. So that was really disappointing, might need to wait a few more months.

[DeeezNuuuts83]

Originally Posted by Subie

This is exactly what I did when I bought my previous car. I went hunting for the best rate and presented it to the dealership. I told them to match it, and when they couldn't, I financed through the bank that had offered that rate.

It's a good idea to shop around, but unless the dealership is doing in-house financing (which is almost never the case with Toyota, as they have Toyota Financial), they cannot adjust the rates, which are set by Toyota Financial. But I agree with the general consensus, look around and check with your local credit unions. Sometimes banks have decent rates for new auto loans, but usually there is a lot of fine print with banks. For example, Chase usually talks about some rate (which is pretty good, but not great), but for example you might have to have a prima checking account (or whatever it's called) and EFT, otherwise if you don't have all of those things, your actual rate might go up .50-.75%.

[ruskymx]

Originally Posted by mickey177

I just purchase my Experian Credit Score and it is 37 points lower than my Equifax Credit Score. So that was really disappointing, might need to wait a few more months.

The credit reports that you can buy online will have different scores than what the dealership will pull. I am a prime example. I got an email from Experian to pull my credit for $1 and I did. I recently had my credit pulled from my dealership to get the lease approved etc for when my FRS arrives. It was 68 points HIGHER when the dealer pulled it.


Ruskymx

[eikond]

For reference..

PenFed Credit Union 1.99% for 60 months.
StateFarm (through my insurance agent) - 2.25% for 60mo with autopay out of statefarm checking account (free to open). Includes free GAP insurance.. good deal!
Also, know that dealerships can match these rates.. I got an offer to match from my local dealer.


Lots of good rates out there if your willing to search for them.

[kanundrum]

Yeapo penfed is great But if toyota can match them then I will just go thru them to make life easier.

[ruskymx]

Toyota did have a credit Union match program, but I never looked into if it applied to Scion or not. I believe that you needed to have a trade line on your credit report with the lender that they would match. You couldn't just search for the bank with the lowest rate and say that they are your bank and Toyota needs to match it.

Ruskymx

[neutron256]

I applied and was approved for a PenFed loan yesterday. Anyone know how long it them takes to cut a draft check and mail it to you? I just found out my BRZ may be getting here as soon as next week.

[MarkRacerX]

My local Credit Union has 2.24% 72mo