Will I qualify for financing a FRS - Page 6 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Tcoat · 09-04-2014, 08:51 PM

Why oh why does everybody want to resurrect this thread with things that have already been said 20 times!

I will also repeat something though (Yes I hold myself to a double standard)
Take a look at the OP's location (if they have a real place listed) before you give advice on financing.
I know that everybody is just trying to help but Americans giving Canadians (as in this case), Australians or Europeans financial advice is not only useless it can be downright confusing. Our banking systems, interest rates, credit agreements, etc are NOT the same.

Freshhprince · 03-28-2017, 02:33 PM

Hahahaha gonna get hate for this bump but I just noticed this as I was searching for new wheels for "my" fr-s. oh how 3 years have really gone by. Yes, I did purchase an frs(still financing), 3 years to go and got prime interest rate with my dad as a co-signer. My savings haven't depleted, I work a steady job with good pay (only working 4 days/week) while still attending university, have a social life and gf and still earning savings without the help of my parents anymore. I came on here 3 years ago to ask if I was going to get "qualified", and almost all replies were about "you should not do it". Thanks for the advice LOL

Tcoat · 03-28-2017, 02:39 PM

Quote:

Originally Posted by Freshhprince

Hahahaha gonna get hate for this bump but I just noticed this as I was searching for new wheels for "my" fr-s. oh how 3 years have really gone by. Yes, I did purchase an frs(still financing), 3 years to go and got prime interest rate with my dad as a co-signer. My savings haven't depleted, I work a steady job with good pay (only working 4 days/week) while still attending university, have a social life and gf and still earning savings without the help of my parents anymore. I came on here 3 years ago to ask if I was going to get "qualified", and almost all replies were about "you should not do it". Thanks for the advice LOL

Well good for you. And even money to spare for new wheels. You are wonderful and we were all fools for trying to help with some reasonable advice.

Cole · 03-28-2017, 02:59 PM

Quote:

Originally Posted by Tcoat

Well good for you. And even money to spare for new wheels. You are wonderful and we were all fools for trying to help with some reasonable advice.

This car was the biggest financial mistake I've ever made. While my payments are easy, insurance is easy, it sure adds up at the end of the year when I look at it and say "damn, that's a good chunk of change that would be better off in an RRSP"

rin · 03-28-2017, 03:03 PM

Quote:

Originally Posted by Cole

This car was the biggest financial mistake I've ever made. While my payments are easy, insurance is easy, it sure adds up at the end of the year when I look at it and say "damn, that's a good chunk of change that would be better off in an RRSP"

Tru but I am coming across a lot of first gens like mines for $11k-$13k. I ended up trading truck for mines and now I owe nothing lol.

Cole · 03-28-2017, 03:05 PM

Quote:

Originally Posted by rin

Tru but I am coming across a lot of first gens like mines for $11k-$13k. I ended up trading truck for mines and now I owe nothing lol.

And that is relevant to financing, how?

[YOYO] · 03-28-2017, 03:18 PM

Quote:

Originally Posted by Freshhprince

Hahahaha gonna get hate for this bump but I just noticed this as I was searching for new wheels for "my" fr-s. oh how 3 years have really gone by. Yes, I did purchase an frs(still financing), 3 years to go and got prime interest rate with my dad as a co-signer. My savings haven't depleted, I work a steady job with good pay (only working 4 days/week) while still attending university, have a social life and gf and still earning savings without the help of my parents anymore. I came on here 3 years ago to ask if I was going to get "qualified", and almost all replies were about "you should not do it". Thanks for the advice LOL

OH OH! WATCH OUT EVERYONE! . . .

rin · 03-28-2017, 03:29 PM

Quote:

Originally Posted by Cole

And that is relevant to financing, how?

Oh its not lol I didnt read! I guess ill ban myself now, sry guys

Dadhawk · 03-28-2017, 03:33 PM

On the bright side, I went back through this thread and realized I constrained myself to only one post. That has to be some type of record for me on what is basically a "will the dealer let me go into debt" thread.

FR-Sky · 03-28-2017, 05:08 PM

Get a used lowest mileage, and cheapest.
That $7000 probably is 25-40% of a used car price. So it bring down your monthly payment.

Tcoat · 03-28-2017, 05:10 PM

Quote:

Originally Posted by Dadhawk

On the bright side, I went back through this thread and realized I constrained myself to only one post. That has to be some type of record for me on what is basically a "will the dealer let me go into debt" thread.

Ya. Haven't had to bring in the troops in a while!

Tcoat · 03-28-2017, 05:10 PM

Quote:

Originally Posted by FR-Sky

Get a used lowest mileage, and cheapest.
That $7000 probably is 25-40% of a used car price. So it bring down your monthly payment.

Did you read the thread?

reeves · 03-28-2017, 05:15 PM

Scion dealerships will find a way to finance any poor debt-burdened student with a decent job (speaking from experience). You won't get a good interest rate, but you'll get a shiny new car!

On the bright side, you can always re-finance 6 months later for a (sometimes significantly) reduced interest rate.

Toyota wasn't as willing to lend out 12+% interest rate loans.. so guess alot of students are out of luck now. Or rather, they're better off!

FR-Sky · 03-28-2017, 05:20 PM

Quote:

Originally Posted by Tcoat

Did you read the thread?

No I didn't. What did I missed?!

03-28-2017, 03:33 PM	#79
Dadhawk Senior Member Join Date: Feb 2012 Drives: '13 FR-S (#3 of 1st 86) Location: Powder Springs, GA Posts: 20,103 Thanks: 39,657 Thanked 25,434 Times in 11,599 Posts Mentioned: 187 Post(s) Tagged: 4 Thread(s)	On the bright side, I went back through this thread and realized I constrained myself to only one post. That has to be some type of record for me on what is basically a "will the dealer let me go into debt" thread. __________________ Olivia 05/03/2012 - 01/06/2024. 231,146 glorious miles. Visit my Owner's Journal where I wax philosophic on all things FR-S Post your 86 or see others in front of a(n) (in)famous landmark. What fits in your 86? Show us the "Junk In Your Trunk".

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09-04-2014, 08:51 PM	#71
Tcoat Senior Member Join Date: Jul 2014 Drives: 2020 Hakone Location: London, Ont Posts: 69,841 Thanks: 61,656 Thanked 108,295 Times in 46,456 Posts Mentioned: 2499 Post(s) Tagged: 50 Thread(s)	Why oh why does everybody want to resurrect this thread with things that have already been said 20 times! I will also repeat something though (Yes I hold myself to a double standard) Take a look at the OP's location (if they have a real place listed) before you give advice on financing. I know that everybody is just trying to help but Americans giving Canadians (as in this case), Australians or Europeans financial advice is not only useless it can be downright confusing. Our banking systems, interest rates, credit agreements, etc are NOT the same.

03-28-2017, 02:33 PM	#72
Freshhprince Member Join Date: Aug 2014 Drives: BMW 323i Location: Vancouver Posts: 14 Thanks: 0 Thanked 4 Times in 2 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Hahahaha gonna get hate for this bump but I just noticed this as I was searching for new wheels for "my" fr-s. oh how 3 years have really gone by. Yes, I did purchase an frs(still financing), 3 years to go and got prime interest rate with my dad as a co-signer. My savings haven't depleted, I work a steady job with good pay (only working 4 days/week) while still attending university, have a social life and gf and still earning savings without the help of my parents anymore. I came on here 3 years ago to ask if I was going to get "qualified", and almost all replies were about "you should not do it". Thanks for the advice LOL

03-28-2017, 05:08 PM	#80
FR-Sky Senior Member Join Date: Dec 2015 Drives: 2013 FR-S 10 series [755] Location: Bay Area, CA Posts: 1,189 Thanks: 385 Thanked 390 Times in 264 Posts Mentioned: 7 Post(s) Tagged: 2 Thread(s)	Get a used lowest mileage, and cheapest. That $7000 probably is 25-40% of a used car price. So it bring down your monthly payment.

03-28-2017, 05:15 PM	#83
reeves Senior Member Join Date: Jul 2012 Drives: BRZ Location: ATL, GA Posts: 1,021 Thanks: 289 Thanked 397 Times in 265 Posts Mentioned: 13 Post(s) Tagged: 0 Thread(s)	Scion dealerships will find a way to finance any poor debt-burdened student with a decent job (speaking from experience). You won't get a good interest rate, but you'll get a shiny new car! On the bright side, you can always re-finance 6 months later for a (sometimes significantly) reduced interest rate. Toyota wasn't as willing to lend out 12+% interest rate loans.. so guess alot of students are out of luck now. Or rather, they're better off!

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