06-05-2012, 08:36 AM | #141 |
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What does everyone think my odds at finance are? I would like to pay at least $20k cash and finance the rest, never financed anything before infact I don't even own a credit card.
Have been saving money away for an M3 but after many months of research I don't think that's the best idea for me right now. |
06-05-2012, 08:54 AM | #142 | |
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1) Personal Loan through a bank , credit union or small lender. These days you can get a personal loan at 10 - 12 % unsecured which means the lender has no interest in the asset you purchase. Depends on your income levels too, If you have a net monthly income of $2500 per month you shouldnt have any issues. 2) Asset finance This is the option which most of the car dealers will offer you, usually you need an ABN number as it has benefits. With this option the lender registers an interest in the car and the interest rate is much lower. I do not know your situation , age , salary etc etc . but these are your options as far as getting the car financed. hope this helps |
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06-05-2012, 08:55 AM | #143 |
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Woah! I cannot believe the price! When you look at what other (read: fun) options you have for that price range, why would you consider anything else? So excited!
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"... Practical cars that are easy to drive and that do not break easily. These are standard Toyota cars. The 86 is not a car like that ..." - Tetsuya Tada Last edited by Running Free; 06-05-2012 at 09:06 AM. |
06-05-2012, 09:10 AM | #144 |
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06-05-2012, 09:27 AM | #145 |
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It's a shame they haven't extended the 2.9% finance to the 86 yet otherwise I'd be more keen to jump on one sooner. I suppose the demand is great enough that they won't have trouble shifting any that hit the country (at least over the next year) so it wouldn't be in their best interests to be offering it on such a car.
I might just need to hold off a bit longer. Bounce - the interest on most Secured/Unsecured Car Loans or Personal Loans is nasty unless you plan to be paying it off quickly, so save as much as you can before comitting to a loan because you will be far better off in the long run. |
06-05-2012, 09:34 AM | #146 |
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Asset finance -which is secured via your car - roughly 8 - 9 % , these have recently come off. be mindful to ask them about all the hidden charges and stuff, some deals are very sneaky with decent rates but higher admin cost plus establishment fees and stuff.
just take time to read all the stuff before putting pen to the paper |
06-05-2012, 09:37 AM | #147 |
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Awesome pricing! How good is that!!
I ordered a velocity orange GTS back in March so expecting it early next month Anyone else going the orange? Also any official word on the options? Cheers |
06-05-2012, 09:42 AM | #148 | |
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Absolutely. I do have financial commitments bigger than a car though so it's something I can't rush into. That's funny coming from me seeing as the amount I've spent on cars on an average income would make most people have an aneurysm. All I know is I'd really like one. I can keep dreaming a bit longer. My test drive is booked with my local dealer who is receiving a white GTS Auto later this month. They are trying to squeeze a deposit out of me (I must be the only one who has shown them interest?) but I'm not going to cave. |
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06-05-2012, 09:48 AM | #149 |
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PS. I recognise a good number of names in here. Hi guys!
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06-05-2012, 11:44 AM | #150 | |
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Without prejudice, I'm not a finance guy and am not giving you professional advice here but i think you'll find the rates will be much higher on an unsecured loan unless you are asset backed (own your own home or are paying one off) or have a triple A credit rating (which most likely you don't have any rating if you haven't borrowed money from a finance company before). Asset Finance is not the only method of secured car loans from a finance company, bank or dealer financier and not all of them require you to have an ABN. As for tax advantages you would be better off speaking to your accountant about your financials as they are tax specialists but there are several advantages via different types of loans and they may not all suit your needs - some methods may even cost you more money than necessary. The simplest way of finding out is to contact a credit union, bank, dealer's finance guy/girl and find out which one better suits your needs; although you will most likely find more support will come from the dealer to help you get the loan and in alot of cases the finance company may be more lenient on rate/terms if the loan is being established by a dealer who has their floorplan with them. P.S. 20k deposit is nothing to be sneezed at, however, you will still need to meet the capacity to pay off the borrowed amount. If anyone would like, please feel free to contact me at any time and i can put you in touch with some awesome finance people - and no, I'm not making any referral fees out of it - just trying to help. Last edited by newft86; 06-05-2012 at 11:56 AM. |
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06-05-2012, 12:09 PM | #151 | |
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They won't be doing the 2.9% comparison rate finance offer on the 86, don't waste your time waiting for nothing - if you want an 86 this year in the colour of your choice get your order in ASAP. By the way, any deal you make for the new car must be stated whether it is subject to finance or not by law. Subject to finance means if finance cannot be obtained then they must give you your deposit back - the actual terms and conditions vary from state to state so as one of the previous posters suggested, read everything - if you don't understand what something in a contract means - ask them or your financial adviser. |
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06-05-2012, 04:54 PM | #152 |
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I always put down subject to finance on my contract even if I'm paying cash!!!
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06-05-2012, 05:58 PM | #153 | |
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06-05-2012, 09:58 PM | #154 |
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got confirmation from a sales attending the Sydney training that the boot inlay is standard:
still waiting for information about white costing extra or not. i just checked on TMCA website. on the Prius V, pearl costs the same as other metallic paint (roughly $350 over non metallic paint). so i think since only metallic paint is available on the 86, there is a chance pearl white won't cost extra. |
The Following User Says Thank You to Nardi330 For This Useful Post: | Staticfrost (06-06-2012) |
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