How much did you paid for your Toyota 86?

[Leonardo]

$22,500 + my Lexus GS400

[Terruko]

Originally Posted by Veloist

That's good but watch out--a Dealer could include the $1500 incentive and if you're not paying cash or getting Regular financing then your price could go back up to 24500 + fees.

23k with the incentive, they were originally asking $27,700 for it, what do you mean regular financing?


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[Terruko]

Originally Posted by Terruko

23k with the incentive, they were originally asking $27,700 for it, what do you mean regular financing?


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Also, anyone knows if I can tell the dealer which bank to use for the loan? Last time I got a loan for my FR-S I got it with 1.4%.

[sachu]

23k is a very good deal.

Got my first 2015 FR-S for 23k OTD. No sales tax in Oregon too.

[Tcoat]

Originally Posted by Terruko

Also, anyone knows if I can tell the dealer which bank to use for the loan? Last time I got a loan for my FR-S I got it with 1.4%.

Not usually. They have agreements with the banks. You can go to any bank you want and get a loan on your own though. You don't have to go through the dealer.

[Veloist]

Originally Posted by Terruko

Also, anyone knows if I can tell the dealer which bank to use for the loan? Last time I got a loan for my FR-S I got it with 1.4%.

Regular financing is when you get a loan not using Toyota's 0% Financing which the 86 has for 72 months.

Yes you can tell the dealer to use a certain bank if you get pre-approved by said bank. Credit unions are usually best for this as the dealership often can link your pre-approval using a direct lending system.

[extrashaky]

Originally Posted by Terruko

How much did you paid for your Toyota 86?

I think you meant to say, "What you done did pay fa'dat?"

Originally Posted by Terruko

Also, anyone knows if I can tell the dealer which bank to use for the loan? Last time I got a loan for my FR-S I got it with 1.4%.

You can use whatever bank or credit union you want. You contact the bank and fill out a loan application. I did mine on line, then got a call back from a loan officer. They'll tell you what interest rate you'll pay for loan terms of various numbers of years, and they'll pre-approve you up to a certain amount. When you're ready to buy the car, the dealer will send the bank a buyer's order, and you'll have to go sit down with a loan officer to sign the forms.

It's very easy if you have decent credit.

Originally Posted by Veloist

Regular financing is when you get a loan not using Toyota's 0% Financing which the 86 has for 72 months.

It seems hard to beat that 0% interest deal from Toyota, except that you can generally negotiate a better price on the car itself if you walk in with financing already in place. Today I could get a 2% interest rate on a loan from my credit union, and I personally wouldn't finance it for more than 4 years. I would end up paying less than $1000 in interest for a new 86. If having financing already in place allows me to negotiate $1000 off the price, there would be no advantage to the Toyota loan.

That's how they get you. Most people are going to see "0% Interest!" and then be willing to pay more for the car than they really should.

[extrashaky]

Oh, and another thing. As I said above, I wouldn't finance a car for more than 4 years. That's because I don't ever want to be upside down on the car, owing more than it's worth. I would prefer to pay more each month to have equity in the car throughout my ownership of it.

If you finance for 72 months, you're almost guaranteeing that you will be upside down on the car at some point. By the time you pay it off, you have a six year old car, and your resale value is likely to be disappointing. The car company wants to get you into that 72 month loan, hoping that you'll find yourself with limited options when you're ready to buy a new car and will have no choice but to go back to the dealer, trade in the old one and finance the new one, all in a bundled deal that benefits the dealer.

They sell a lot of people on it by pushing your attention to the payment, which is obviously going to be a lot less for a 72 month loan than for a 48 month loan. They're basically counting on you having no foresight and no understanding of how financing works.

[mav1178]

Originally Posted by Terruko

32k CAD OTD? Damn that’s good, it’s around 25k.

http://www.xe.com/currencycharts/?fr...to=CAD&view=2Y

Considering the exchange rate has swung more than 20% in the past two years, any comparison of OTD price in Canada in US dollars is useless.

[Tcoat]

Originally Posted by mav1178

http://www.xe.com/currencycharts/?fr...to=CAD&view=2Y

Considering the exchange rate has swung more than 20% in the past two years, any comparison of OTD price in Canada in US dollars is useless.

Yep. It is always useless unless you are paying in the other currency.

Try saying the value of something based on this:



It isn't like prices of cars went up and down here as the dollar changed.

Hell, if going by exchange rates our $30k car was cheaper than in the US in 13. Funny though since I remember the $30K price tag being $30K out of my pocket when I bought mine.

[Veloist]

Originally Posted by extrashaky

It seems hard to beat that 0% interest deal from Toyota, except that you can generally negotiate a better price on the car itself if you walk in with financing already in place. Today I could get a 2% interest rate on a loan from my credit union, and I personally wouldn't finance it for more than 4 years. I would end up paying less than $1000 in interest for a new 86. If having financing already in place allows me to negotiate $1000 off the price, there would be no advantage to the Toyota loan.

That's how they get you. Most people are going to see "0% Interest!" and then be willing to pay more for the car than they really should.

That sounds about right, but only for shorter terms or cash. Best thing to do is negotiate down without the incentive otherwise dealer would include it in the discount.

If you get an 86 for $24500 + fees because you go for the 0% and it comes out to $27k OTD your monthly payment is $563/mo for 48 months at 0%.

If you get an 86 for $23000 + fees because you go for the rebate and it comes out to $25,400 OTD then your monthly payment is $551/mo for 48 months.

^ Yes in that case the $1500 rebate and regular financing is better, but not everyone wants $500 payments so they can go to 72 months financing.

At 0%, 72 month payment will be $375. At 2.99% 72 month payment is 386.

And that's with no down payment too.

[Wise]

$35,500 in December 2012 for the AUS Spec GTS model (GPS, Leather/Alacantara seats, HID's, bigger brakes). The Base model was $29,990 in Australia. Paid it off fully in July 2016.

Which probably sounds like a lot to some, but in AUS it was the automotive bargain of a lifetime. You have to understand that in 2012 an NC MX5 was $45,000 to buy new. The S2000 that was sold from 1999 was over $80,000 AUD, adjusted for inflation that's almost 100k.

We get really ripped off for cars in Australia, but the 86 was actually a comparitive price to what the US were getting and we actually got a much better car than the FRS. Our Toyotas had stock button folding headlights, heated seats, dual zone climate control for instance.

[Montage King]

Am i the only one that paid 6-7ish grand on a 2013 frs. It has a salvage title because there was hail damage and the car has about 76k miles. But the best thing about it is that it came with coilovers, uel headers and a bunch of other expensive mods.

I bought it at a salvage auction (IAA)

[Noodle86]

Paid 25k...ish I have to double check before taxes. 2015 FRS Release Series. I think I got lucky on this grab and wasn't even looking for the car at the time. Dealer sold another car I wanted before they told me about this beauty