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BRZ First-Gen (2012+) -- General Topics All discussions about the first-gen Subaru BRZ coupe |
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05-22-2012, 03:25 AM | #1 |
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Question about financing for current BRZ owners
Did your Subaru dealer have an incentive to finance through them? I don't see any special BRZ promotions on Subaru's website, and my dealer doesn't know of any special finance incentives either.
If there are no promotions for the BRZ, then I will finance with PenFed. They're currently offering 1.9% up to 60 months. https://www.penfed.org/New-Auto-Loan/ |
05-22-2012, 03:45 AM | #2 |
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I found this to be pretty helpful.
http://www.cars101.com/subaru/rebates.html#wrxsti I doubt Subaru will offer 0.9% for the BRZ. In that case, everyone is probably better off financing with an external bank at 1.9%. |
05-22-2012, 03:51 AM | #3 |
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Hmm, do you need to be with the military to get the Penfed loan?
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05-22-2012, 04:10 AM | #4 |
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05-22-2012, 07:54 AM | #5 |
Wish Nissan made one
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Depending on your credit and qualifications, most dealership finance departments can probably match the 1.9% from Penfed. Give them a call, tell them you can get 1.9% outside and ask them if they will match.
I went with financing through my StateFarm agent.. they have a StateFarm bank deal where you can get 2.25% with free gap insurance included.. I thought that was a good deal plus I like my agent and wanted to give her my business. If you are actually military, you can get 1.79% through NavyFed credit union. |
05-22-2012, 08:54 AM | #6 |
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Or civilian DoD employees, or their family (which I am). I'll give the dealer/Subaru a chance to match or give me an incentive to go through them before doing the NavyFed process, not sure if they will match the 1.79% though.
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05-22-2012, 10:12 AM | #7 | |
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Quote:
State Farm's website shows 2.59%, was that some special rate only available through agents? Trying to avoid a ton of inquiries checking various banks
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05-22-2012, 10:24 AM | #8 | |
Wish Nissan made one
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I set up a checking account with them and just have an auto pay from my normal chase account into the statefarm account. Then they autodeduct from the statefarm account to make the payment.. so it's really no extra work at all.. I'm not really sure what gap insurance normally costs.. but I think i've seen the dealer finance guys talk about anywhere from $10 to $20 a month or more.. The difference in payment between 1.99% and 2.35% is $4 per month for $25k loan for 60 months. So I think it's good deal. Anyone else have knowledge of gap insurance costs? |
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05-22-2012, 10:41 AM | #9 |
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05-22-2012, 10:52 AM | #10 |
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Good point, I knew that at one point and reading your post made that lightbulb turn back on lol
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05-22-2012, 10:58 AM | #11 | |
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For others who aren't sure if they need GAP.. Whether or not it's needed depends on how much you owe on the car. The main risk is that first year, unless the values of these cars takes a nose dive (highly unlikely IMO), after that you'd likely owe less than the car is worth. If the car is worth say, 80% of it's value after you drive it off the lot, and you put less than 20% down it could save you some money if something happens, if you put 20% or more down it's unlikely to ever be used. -Dave
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Track cars: 2013 Scion FRS, 1998 Acura Integra Type-R, 1993 Honda Civic Hatchback DD: 2005 Acura TSX Tow: 2022 F-450 Toys: 2001 Chevrolet Corvette Z06, 1993 Toyota MR2 Turbo, 1994 Toyota MR2 Turbo, 1991 Mitsubishi Galant VR-4 Parts: 2015 Subaru BRZ Limited, 2005 Acura TSX Projects: 2013 Subaru BRZ Limited track car build FS: 2004 GMC Sierra 2500 LT CCSB 8.1/Allison with 99k miles |
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The Following User Says Thank You to Dave-ROR For This Useful Post: | michaelahess (05-22-2012) |
05-22-2012, 11:02 AM | #12 | |
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05-22-2012, 11:14 AM | #13 |
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Still, personally I'm not giving the dealership a chance to match what I've got from my local credit union. I think all the extra quotes I'm gonna get through the dealer are much more likely to produce a lot more spam in the mail than a much better rate.
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05-22-2012, 11:26 AM | #14 |
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Are you sure? If this is the case I will keep this in mind as a backup if I get a crappy rate from the dealer.
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