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07-24-2017, 08:44 AM | #1 |
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Did I Get A Bad Deal From The Dealership?
Went to my dealer to buy my first car not knowing what's going to happen..
Wanted a White stock FRS, but they had only a White TRD FRS, so I said fuck it and walk out the door paying $31k with a 7% APR for 5 years (Included TRD springs, swaybar, and exhaust.) It's been a good 2 years crying, but I think I'm over it now. Anyone else think they got a bad deal from their dealership?! |
07-24-2017, 08:48 AM | #2 |
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Wasn't a great deal but wasn't horrible for 2 years ago either.
You did get raped on the interest though.
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07-24-2017, 09:34 AM | #3 |
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I'm doing 6 years open loan on 5.99% you could've argued like I did. They wanted to give me 7.99, I told them to eat a ****. They got me a down to 5.99
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07-24-2017, 09:44 AM | #4 |
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That's kinda high. Did you do $0 down? I got 3.49 on 7 years, and I thought even that was high
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07-24-2017, 09:45 AM | #5 |
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Look into refinancing the loan. If your credi is halfway decent you should be able to get a rate for half what you have now. Maybe less. Check with credit unions in your area.
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07-24-2017, 09:46 AM | #6 |
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07-24-2017, 09:53 AM | #7 | |
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Did I Get A Bad Deal From The Dealership?
Quote:
That's pretty good! Was it new? I did 0 down but I'm paying it off before that ATM. Mine is 6 years actually. My credit is pretty good too. To op, do look into refinancing it. You might be able to save a couple of bucks Sent from my iPhone using Tapatalk |
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07-24-2017, 10:01 AM | #8 |
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7% APR is little high....might consider refinance it, it might saves you hundred or even thousand buck for after market part
Mine was 2.99 APR |
07-24-2017, 10:08 AM | #9 |
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Yeah it was new. I also traded it my old Mini, which wasn't even driveable due to a blown engine for 1200 and put another 1000 on top, so total of 2200 down. I also got them to lower the price by 500. I still felt like I was getting ripped off. I don't know, I hate being in dealerships and going through a deal. I just have this feeling like something's terribly wrong, like I'm being scammed lol.
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07-24-2017, 10:19 AM | #10 |
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Some of these interest rates you people are quoting are insane. I'm paying 1.49% on my 2014. It was a four year note, but that interest rate was good for up to a six year loan. It'll be paid off in January.
I didn't finance through a dealership. I financed through a credit union I wasn't even a member of, and I had my financing in place before I even walked into the dealership to talk about buying. You save a lot of money by shopping around for rates and getting pre-approved for financing first. You also get a better deal on the car itself if you don't finance at the dealership. You take away one of the salesman's best tactics for getting you to pay a higher price for the car. |
07-24-2017, 10:30 AM | #11 | |
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07-24-2017, 10:40 AM | #12 | |
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07-24-2017, 11:13 AM | #13 |
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I got a rate of 0.9%- zero-point-nine- last year when I bought my 2016. Hell that's practically free money.
I was prepared to pay cash for the whole thing but at that rate, I was way ahead financing a chunk and investing the remaining cash. |
07-24-2017, 11:58 AM | #14 |
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Some people are broke and have no credit. 7% might be a good deal in their position.
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