So scion tried to screw me today (SoCal)

[Carsten]

Well actually yesterday, anyway I went into Dch of scion in Oxnard California. I went in to buy an frs 10 series but I'm 19 years old and haven't yet established any credit so I had a consigner come in with me. My consigner has average credit, so after filling out all of the application info the salesman runs a credit check and comes back with an offer with these terms.


This offer is for a regular auto frs with trd exuast. They salesman told me that he wouldn't be able to get me into a 10 series because of the extra cost.(total crap!)

Anyway here is if offer for a 2013 a/t frs with trd exuast

Apr:14.99(crazy)
Down payment:10,000
Monthly payment of $560 a month
Term: 60 months
Total cost of car: $43,600

So I asked him what the price of the car was because those numbers didn't add up, and after a couple mins on his computer he said " I can't seem to find the price of the car" so what a load of crap from that guy.

Of course I said absolutely not.

So he hit be back with this offer for a completely stock a/t:

Apr: 13.99
Down payment: $3500
Monthly:$604
Term:72 months
Total cost: $46,988

After telling him those numbers were crazy and that I wanted to see where he is getting his(actually his manager) numbers from, and he just avoided the question and told me that I am lucky they were even talking to me about A loan.


Any thoughts on this? Any suggestions on what I should do?

[husker741]

Originally Posted by Carsten

Well actually yesterday, anyway I went into Dch of scion in Oxnard California. I went in to buy an frs 10 series but I'm 19 years old and haven't yet established any credit so I had a consigner come in with me. My consigner has average credit, so after filling out all of the application info the salesman runs a credit check and comes back with an offer with these terms.


This offer is for a regular auto frs with trd exuast. They salesman told me that he wouldn't be able to get me into a 10 series because of the extra cost.(total crap!)

Anyway here is if offer for a 2013 a/t frs with trd exuast

Apr:14.99(crazy)
Down payment:10,000
Monthly payment of $560 a month
Term: 60 months
Total cost of car: $43,600

So I asked him what the price of the car was because those numbers didn't add up, and after a couple mins on his computer he said " I can't seem to find the price of the car" so what a load of crap from that guy.

Of course I said absolutely not.

So he hit be back with this offer for a completely stock a/t:

Apr: 13.99
Down payment: $3500
Monthly:$604
Term:72 months
Total cost: $46,988

After telling him those numbers were crazy and that I wanted to see where he is getting his(actually his manager) numbers from, and he just avoided the question and told me that I am lucky they were even talking to me about A loan.


Any thoughts on this? Any suggestions on what I should do?

Tell them to go fuck themselves and try a different dealer. Also, if you can have a co-signer with great credit that should help.

[Carsten]

That's basically what I told them, and I'll try to find a better consigner but I don't think I will be able too. I don't have any family around and this guy who is willing to consign is a friend of my fiancés parent and he is only doing it to build credit on his end. I'll hot another dealer ship and see what the deal is.

[mush]

go to a diff dealer, that is ridiculous
try to get a loan from a bank, lower rates... i dunno if its possible for u, but its worth a try

[Freeman]

Why not talk to a bank/credit union and get a loan squared away first? Then walk in and hand the dealership a check for the car?

sent from my locker... help!

[alderaan34]

Mid to high teens for a first time buyer with little to no credit history isnt so far fetched, my first auto loan was at 18.99 cause I had no credit and no co signer, the credit union I worked at wouldnt even approve me for a loan. It is bs they wouldn't give you a breakdown though. I would say build up so credit and savings before you buy a brand new car. But if youre set on buying now find a differrent dealership that has better sales people.

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[serith]

When I bought my first car I was 20 years old. I had no credit, but had a decent job at the time pulling about $30k/year. I wanted an 06 tC with a few goodies. The only way TFS would finance me was if i put a third of the value of the car as a down payment. I put down $6800 and was financed at 14% APR back in the summer of 2005. Six months later I refinanced the loan with a local bank for 5% in 2006 (back when 5% was decent).

Just wanted to share what I went through because I've been there. I couldn't find a co-signer and I really wanted the car, so I made it happen but wasn't stupid enough to keep paying on such a high interest loan.

[mav1178]

Honestly? At those rates, don't buy the car.

All you're doing at this point is making the banks richer.

Build up credit with a low limit credit card (pay off your balances on time, start small with cell phone bills and gas expenses), then move up to buying bigger things.

Or you can pay 10%+ APR and throw away money like you're made of it.

-alex

[Calavera]

Agree, try to get pre-approved by your bank/credit union.

Also, search your region forum in here and see if a member(s) can help you in finding a good honest deale in the south cal region.

[alderaan34]

I acty ended up joining the military and got my rate dropped to 6%, tfs was really great about it also. I actually went to tfs again to finance my fr-s because of my experience with them

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[Carsten]

Originally Posted by alderaan34

Mid to high teens for a first time buyer with little to no credit history isnt so far fetched, my first auto loan was at 18.99 cause I had no credit and no co signer, the credit union I worked at wouldnt even approve me for a loan. It is bs they wouldn't give you a breakdown though. I would say build up so credit and savings before you buy a brand new car. But if youre set on buying now find a differrent dealership that has better sales people.

Sent from my SGH-T889 using Tapatalk

Well the arp is more of less understandable, I had a ridiculously high apt on my first auto loan too.(i am currently paying off a car that will be handed over to to my fiance once I buy my new car)

So I understand the apr but that doesn't explain the extra 10-15k

[kanundrum]

www.penfed.org

[alderaan34]

Originally Posted by Carsten

Well the arp is more of less understandable, I had a ridiculously high apt on my first auto loan too.(i am currently paying off a car that will be handed over to to my fiance once I buy my new car)

So I understand the apr but that doesn't explain the extra 10-15k

Total cost of the car was probaby with apr included. If financing the car is going to cost almost as much as 2 then its definitely not worth it.

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[husker741]

I am 20, bought the car in April, got 2.55% APR, with $10k down and nearly perfect credit, and I still needed a cosigner. My dealer was great to work with in that aspect.