Trade-In Evaluation from local dealer, help?

[FirestormFRS]

If you're buying a car based on payment....you're doing it very wrong.

[billwot]

Originally Posted by FirestormFRS

If you're buying a car based on payment....you're doing it very wrong.

[Feathergun]

Originally Posted by FirestormFRS

If you're buying a car based on payment....you're doing it very wrong.

I understand what you mean, but it's not like that. The dealer doesn't know my credit score and I don't intend to let them pull it. I just meant that I was moving the process along and going direct with the bank rather than getting screwed at the dealership. I just bought a house 3 months ago and was curious how big of an impact my credit score had taken and how it would affect the APR I would get on financing a new auto loan is all.

[jcrAggie2020]

I thought dealerships were trying their hardest to clear their inventory, aren't the 2016s supposed to be cheaper at the moment?

Sent from my SAMSUNG-SM-G925A using Tapatalk

[Feathergun]

Originally Posted by jcrAggie2020

I thought dealerships were trying their hardest to clear their inventory, aren't the 2016s supposed to be cheaper at the moment?

Sent from my SAMSUNG-SM-G925A using Tapatalk

So I was at a different dealership today having my TSB taken care of, I had planned to go to the dealership to hash out a deal tomorrow. The salesman at the toyota dealership locally told me some interesting bits of information today after realizing he didn't have what I was looking for. Just wondering what all this means, and if anyone has any specific advise regarding the details as these documents he let me take pictures of don't make a ton of sense to me.

He told me that Scion was announcing a $3500.00 price reduction on Scion FR-S Inventory today, but the dealership that has the scion I want knew nothing about it. The price tag on their car at the other dealership shows a marked down price however and at the bottom reads "w/ TFS rebate."

Also, does anyone know much about the .9% APR 72mo with $500 bonus cash offer through scion? Just wondering why the financing through toyota would be so much less APR than what I could get through my credit union? My Experion credit score yesterday was 697, I question whether I qualify? If i did that would be sweet, anyone have any clue whether I would?

[86geek]

wow, .9% for 72 months....I got mine at same % but 60 months...the .9% rate was offered by my local Scion dealership which was much lower than my credit union...but then my credit score was over 830....I believe if credit scores are good then dealership supposedly give better car loan interest rates.

[Feathergun]

Hey guys,

Thanks for all the help throughout the process. I wanted to update everyone as I said I would.

Sunday rolled around and I took the 1 hour drive to the dealership holding the brand new Halo MT 2016 Scion FRS. I came armed with a host of information regarding invoice price, current scion promo's, etc etc. The deal we eventually worked out was as follows:

My 2013 AT 10-Series Scion FR-S (Trade-In $16,200)

-Smoked in
-Several dents
-Rock chips
-Bald Tires
-40% brake life
-Chipped windshield
-2nd owner (never wrecked)

Their 2016 Halo MT Scion FR-S ($25,559) Brand New (18 miles)

-$1,500 Rebate from Scion/TFS
-$1,318 Dealer Cash (Discount)
-Financed at 0.9% over 5 years (60 mo)

Old Payment: $317.50
New Payment: $424.00

I had to barter pretty heavily for the extra dealer cash, which another dealership offered up their black 2016 MT scion FR-S with $2,000.00 dealer cash + $1,500 TFS rebate and offered to match these guy's trade in value. I live in Idaho though and bought the car from an Oregon dealership so DOCK fee was $214.00 less and I feel like taxes were much less also (only ~$450).

They also matched my credit unions gap insurance while financing through TFS (TFS GAP is $895, gave to me for $495)

I think I did pretty good. From what I understand they basically broke even on the car and took on my trade which they may stand to make some cash off of but realistically with all the work they are going to put into it to spiff it back up, maybe only $1500 profit there.

Its been 3 days now and I'm loving the Manual Transmission. Never owned a manual and had only driven one for maybe 1.5 hours collectively in my life before test driving this one (was super nerve racking, didn't want to stall out in the test drive lol) Anyways, I've got it down pretty good I think, still working on smoothing out upshifts from 1st to 2nd though. Other than that I played with the paddle shifters alot in my AT 10 Series so I've been able to downshift rev match like a champ so far just from passively observing RPM in my 10 series.

If anyone else is considering buying one of these cars, let me know as I've acquired some very valuable purchase information in my research that could save you some bucks.

[86geek]

Originally Posted by Feathergun

Hey guys,

Thanks for all the help throughout the process. I wanted to update everyone as I said I would.

Sunday rolled around and I took the 1 hour drive to the dealership holding the brand new Halo MT 2016 Scion FRS. I came armed with a host of information regarding invoice price, current scion promo's, etc etc. The deal we eventually worked out was as follows:

My 2013 AT 10-Series Scion FR-S (Trade-In $16,200)

-Smoked in
-Several dents
-Rock chips
-Bald Tires
-40% brake life
-Chipped windshield
-2nd owner (never wrecked)

Their 2016 Halo MT Scion FR-S ($25,559) Brand New (18 miles)

-$1,500 Rebate from Scion/TFS
-$1,318 Dealer Cash (Discount)
-Financed at 0.9% over 5 years (60 mo)

Old Payment: $317.50
New Payment: $424.00

I had to barter pretty heavily for the extra dealer cash, which another dealership offered up their black 2016 MT scion FR-S with $2,000.00 dealer cash + $1,500 TFS rebate and offered to match these guy's trade in value. I live in Idaho though and bought the car from an Oregon dealership so DOCK fee was $214.00 less and I feel like taxes were much less also (only ~$450).

They also matched my credit unions gap insurance while financing through TFS (TFS GAP is $895, gave to me for $495)

I think I did pretty good. From what I understand they basically broke even on the car and took on my trade which they may stand to make some cash off of but realistically with all the work they are going to put into it to spiff it back up, maybe only $1500 profit there.

Its been 3 days now and I'm loving the Manual Transmission. Never owned a manual and had only driven one for maybe 1.5 hours collectively in my life before test driving this one (was super nerve racking, didn't want to stall out in the test drive lol) Anyways, I've got it down pretty good I think, still working on smoothing out upshifts from 1st to 2nd though. Other than that I played with the paddle shifters alot in my AT 10 Series so I've been able to downshift rev match like a champ so far just from passively observing RPM in my 10 series.

If anyone else is considering buying one of these cars, let me know as I've acquired some very valuable purchase information in my research that could save you some bucks.

Sounds like you're happy and deal looks ok.