when will subaru offer 0% financeing

Jaxx · 10-12-2001, 07:13 PM

when will subaru offer 0% financeing?
GM has done it
as has ford and toyota

if it happened it might push up my purchase date

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Bradus · 10-12-2001, 07:31 PM

The lowest financing I've seen is the 2.9% recently offered on Subaru Legacy and Legacy Outback.

I can't see Subaru offering 0% unless or until sales become so bad that they need to take drastic action.

Besides that, GM, Toyota, and Ford have a lot more money than Subaru to offer 0%, not that every applicant will get that rate based on their credit history.

David

joe z · 10-12-2001, 11:28 PM

more than likey never

Eric SS · 10-13-2001, 03:35 AM

When did Toyota offer 0%?

topcover · 10-13-2001, 03:38 AM

I thought 0% was an American car company thing....

Yuhin · 10-13-2001, 05:04 AM

which car are you talking about?
all cars are differen

Eric SS · 10-13-2001, 05:05 AM

As far as I know it is an american car thing. Ford and GM are offering it at 60 months on all cars and chrysler is offering it at 36 months on certain cars.

Actually, Toyota is offering it on Corolla, tundra, and 4runner but knowing Toyota is is very limited term

Eric

dbrier · 10-13-2001, 09:28 AM

Companies offer low interest rates and rebates to entice people to buy cars. This is especially true when sales are low, or the new model cars are coming out.
Subaru, especailly the Impreza line, is having it's best sale year ever. Last numbers I saw said the Impreza sales were up over 100% over last year.
Would you offer to make less profit on a car that is selling well?
Neither would I...

Bradus · 10-13-2001, 09:35 AM

Quote:

Originally posted by dbrier
Companies offer low interest rates and rebates to entice people to buy cars. This is especially true when sales are low, or the new model cars are coming out.
Subaru, especailly the Impreza line, is having it's best sale year ever. Last numbers I saw said the Impreza sales were up over 100% over last year.
Would you offer to make less profit on a car that is selling well?
Neither would I...

I agree, and as I mentioned before, the small print always mentions that "not everyone will qualify for lowest APR."

I don't know for a fact (of course) but I always imagine the 0% is offered to those people who most likely don't need to finance the car in the first place.

David

Streetman · 10-13-2001, 09:58 AM

Subaru doesn't own their own financing company. Until they do, you will never see 0%. Mitsubish has always had the .9% or 0%, even on their AV equipment because they have their own financing company, and it's not small.

Keep in mind to take into account things besided the interest rate. You really need to be concered more (on any purchase) about the total cost. Anyone can get you a good payment, if they just stretch the loan out long enough.

Here's the deal. Subaru is offering somehting like this: 2.9% for 24 mths, 3.9 for 36 mths, up to 60 mths at 5.5%. Now let's pretend you just bought a WRX for $25,000, out the door. This is a simple round number.

This means:
24 months (2.9%) total cost is $25,762, only $762 in interest.
36 months (3.9%) total cost is $26,531, or $1,531 in interest
60 months (5.5%) total cost is $28,651, $3651 in interst, ouch.

OK, I know some of you are paying around 7.5%. That would be $30,057, or $5057 in interest. Them banks ain't got no dummies doin' that there math.

Streetman · 10-13-2001, 10:03 AM

Bradus-

The interest rate you get will be determined by your credit score, not how much you make. You can make minimum wage, and get 0%, if your credit is good. Pay them student loans, kids!

By the way, don't think you're going to get a good deal on the out the door price if you pay 0%. Read my above post on how much Mitsubisi, or GMAC makes on just modest interest rates. There's a reason Mitsubishi can afford to give you $0 down, and no payments for 1 year on a bigscreen. Have you seen the prices they charge?

WRX Fan · 10-13-2001, 01:27 PM

Why would they? If the cars are selling well why bother. The domestics and other just do it to keep their employees in jobs and the factories working.

The financing is not free it costs the car companies big bucks and over time it is the consumers that will pay for in as MSRP's are increased to cover to cost.

What is more important? A good deal on a nice P.O.S. or a reasonable deal on something that you actually want?

Jaxx · 10-13-2001, 06:58 PM

subaru american credit is not owned by subaru ?

wacky?

PDG · 10-13-2001, 07:35 PM

Low interest financing is not available on the 2002 Imprezza's but I brow beat my dealer until he got me 6.9 for 60 mos.

Streetman · 10-13-2001, 08:05 PM

Jaxx-

Quote:

subaru american credit is not owned by subaru ?

NEW YORK--Feb. 27, 2001--Subaru of America, Inc. and Chase Auto Finance, a division of J.P. Morgan Chase, today announced the selection of Chase Auto Finance to act as the captive auto finance provider for Subaru effective April 1, 2001.

REad full story here: http://www.theautochannel.com/news/2...27/015498.html

That tells me they go through Chase. Maybe Subaru American Credit is just the Subaru credit card? I have no clue. I suppose you could put your WRX on your Subaru credit card. What's $24,000 at 18%, with the minimum payment being paid, which will take about 11 years to pay off, work out to in the end? A lot, maybe? I bet you'd get mad gift checks from them though.

Jaxx · 10-14-2001, 12:16 PM

hmm...

well thats who a write a check to every month...

although the bills did change this spring ... so they mave have changed finance partners...

American Zero · 10-14-2001, 02:34 PM

The Dealer offered me 0 Down and no payments for 30 days does that mean ill get a bad interest rate ? I haven't bought the car yet.

mach_six · 10-14-2001, 04:04 PM

To get 2.9% you have to score a 700, so you will need a very good credit rating. My brother and I didn't qualify by a long shot even if combined we make a 3 1/2 times the car's worth. We have other loans totaling more than the car itself though. 2.9 is short term maybe 1 year or 2 and keeps going up 1 percent for 1 more year.

American Zero · 10-14-2001, 04:40 PM

The Dealer offered me 0 Down and no payments for 30 days does that mean ill get a bad interest rate ? I haven't bought the car yet.

American Zero · 10-15-2001, 04:11 AM

really ?

PDG · 10-15-2001, 10:39 AM

zero down and no payments for 30 days is cakewalk for these guys.

I just picked up my WRX yesterday, at 0 down, 6.9% financing and first payment isn't for 45 days--and I didn't even ask for the 45 days.

Seems standard.

redobs · 10-15-2001, 10:57 PM

BTW, Saab has 0 down and 0% financing also. But, they're part of GM.

yakabazzi · 10-16-2001, 02:43 PM

Wish I could get 6.9% on my money. $20,000 borrowed over 4 years works out to be $3,000 in interest. Plus hold backs and mark up. Then they try to steal your trade. Oh, there's many ways for them to make money as long as they move cars. Start at invoice and go from there. Pls don't pay MSRP!!!

Eric SS · 10-16-2001, 08:58 PM

lol! you guys are funny. Your first payment is NEVER due until 45 days! On a house or a car. That is just a ploy they use to make it sound like they are doing you a favor. you know why it isn;t due for 45 days? because each day you wait you are being charged interest. the banks make a killing on people waiting 45 days to make a payment. Pay your first payment as quick as you can!

Eric

wrxlvr · 10-17-2001, 01:07 PM

If you are buying a WRX or 2.5rs, dont count on getting anything below 6.9%. Subaru's financing deals don't apply to any Imprezas. Open an account at a credit union and you may get a little lower rate.:

10-12-2001, 07:13 PM	#1
Jaxx NASIOC Supporter Member#: 177 Join Date: Aug 1999 Chapter/Region: NWIC Location: Boise,Idaho,USA Vehicle: The 93 Imp W/EJ20K flat black	when will subaru offer 0% financeing when will subaru offer 0% financeing? GM has done it as has ford and toyota if it happened it might push up my purchase date * Registered users of the site do not see these ads.

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10-12-2001, 07:31 PM	#2
Bradus Scooby Specialist Member#: 10036 Join Date: Sep 2001 Chapter/Region: NESIC Location: 42.698N 71.135W Vehicle: 2008 Infiniti G35x Volvo XC90-T6	The lowest financing I've seen is the 2.9% recently offered on Subaru Legacy and Legacy Outback. I can't see Subaru offering 0% unless or until sales become so bad that they need to take drastic action. Besides that, GM, Toyota, and Ford have a lot more money than Subaru to offer 0%, not that every applicant will get that rate based on their credit history. David

10-12-2001, 11:28 PM	#3
joe z NASIOC Supporter Member#: 599 Join Date: Dec 1999 Chapter/Region: NESIC Location: Manchvegas Vehicle: 2007 Impreza Sti UGM	more than likey never

10-13-2001, 03:35 AM	#4
Eric SS Sooby Guru Member#: 1914 Join Date: Jul 2000 Chapter/Region: SWIC Location: 2013 335i, 2011 G37 coupe Vehicle: 2000 2.5RS w/ EJ22T swap and N20. gone. : (	When did Toyota offer 0%?

10-13-2001, 03:38 AM	#5
topcover Scooby Specialist Member#: 8999 Join Date: Aug 2001 Location: San Francisco Vehicle: 2002 EJ25 FXT Wagon Platinum Silver, Stage2	I thought 0% was an American car company thing....

10-13-2001, 05:04 AM	#6
Yuhin Scooby Specialist Member#: 4581 Join Date: Mar 2001 Location: Vancouver Vehicle: 2002 Pimpreza WRX WRC Blue w/ Sti banner	which car are you talking about? all cars are differen

10-13-2001, 05:05 AM	#7
Eric SS Sooby Guru Member#: 1914 Join Date: Jul 2000 Chapter/Region: SWIC Location: 2013 335i, 2011 G37 coupe Vehicle: 2000 2.5RS w/ EJ22T swap and N20. gone. : (	As far as I know it is an american car thing. Ford and GM are offering it at 60 months on all cars and chrysler is offering it at 36 months on certain cars. Actually, Toyota is offering it on Corolla, tundra, and 4runner but knowing Toyota is is very limited term Eric

10-13-2001, 09:28 AM	#8
dbrier Scooby Guru Member#: 6598 Join Date: May 2001 Chapter/Region: MWSOC Location: West side of Indianapolis Vehicle: 2012 Mazdaspeed3 Crystal White Pearl	Companies offer low interest rates and rebates to entice people to buy cars. This is especially true when sales are low, or the new model cars are coming out. Subaru, especailly the Impreza line, is having it's best sale year ever. Last numbers I saw said the Impreza sales were up over 100% over last year. Would you offer to make less profit on a car that is selling well? Neither would I...

10-13-2001, 09:58 AM	#10
Streetman Scooby Specialist Member#: 8243 Join Date: Jul 2001 Chapter/Region: MWSOC Location: Saint Petersburg, FL Vehicle: 97 Brighton 2.5! the REAL red	Subaru doesn't own their own financing company. Until they do, you will never see 0%. Mitsubish has always had the .9% or 0%, even on their AV equipment because they have their own financing company, and it's not small. Keep in mind to take into account things besided the interest rate. You really need to be concered more (on any purchase) about the total cost. Anyone can get you a good payment, if they just stretch the loan out long enough. Here's the deal. Subaru is offering somehting like this: 2.9% for 24 mths, 3.9 for 36 mths, up to 60 mths at 5.5%. Now let's pretend you just bought a WRX for $25,000, out the door. This is a simple round number. This means: 24 months (2.9%) total cost is $25,762, only $762 in interest. 36 months (3.9%) total cost is $26,531, or $1,531 in interest 60 months (5.5%) total cost is $28,651, $3651 in interst, ouch. OK, I know some of you are paying around 7.5%. That would be $30,057, or $5057 in interest. Them banks ain't got no dummies doin' that there math.

10-13-2001, 10:03 AM	#11
Streetman Scooby Specialist Member#: 8243 Join Date: Jul 2001 Chapter/Region: MWSOC Location: Saint Petersburg, FL Vehicle: 97 Brighton 2.5! the REAL red	Bradus- The interest rate you get will be determined by your credit score, not how much you make. You can make minimum wage, and get 0%, if your credit is good. Pay them student loans, kids! By the way, don't think you're going to get a good deal on the out the door price if you pay 0%. Read my above post on how much Mitsubisi, or GMAC makes on just modest interest rates. There's a reason Mitsubishi can afford to give you $0 down, and no payments for 1 year on a bigscreen. Have you seen the prices they charge?

10-13-2001, 01:27 PM	#12
WRX Fan Scooby Specialist Member#: 4286 Join Date: Feb 2001 Location: Toronto, Ontario, Canada, eh!	Why would they? If the cars are selling well why bother. The domestics and other just do it to keep their employees in jobs and the factories working. The financing is not free it costs the car companies big bucks and over time it is the consumers that will pay for in as MSRP's are increased to cover to cost. What is more important? A good deal on a nice P.O.S. or a reasonable deal on something that you actually want?

10-13-2001, 06:58 PM	#13
Jaxx NASIOC Supporter Member#: 177 Join Date: Aug 1999 Chapter/Region: NWIC Location: Boise,Idaho,USA Vehicle: The 93 Imp W/EJ20K flat black	subaru american credit is not owned by subaru ? wacky?

10-13-2001, 07:35 PM	#14
PDG Scooby Newbie Member#: 11049 Join Date: Oct 2001 Location: Chelmsford, MA Vehicle: 02 WRX, BLACK WAG Somewhere around stage 4	Low interest financing is not available on the 2002 Imprezza's but I brow beat my dealer until he got me 6.9 for 60 mos.

10-14-2001, 12:16 PM	#16
Jaxx NASIOC Supporter Member#: 177 Join Date: Aug 1999 Chapter/Region: NWIC Location: Boise,Idaho,USA Vehicle: The 93 Imp W/EJ20K flat black	hmm... well thats who a write a check to every month... although the bills did change this spring ... so they mave have changed finance partners...

10-14-2001, 02:34 PM	#17
American Zero Scooby Newbie Member#: 10375 Join Date: Sep 2001 Location: In an alley with my APR spoiler Vehicle: WRX sedan silver I'm White	The Dealer offered me 0 Down and no payments for 30 days does that mean ill get a bad interest rate ? I haven't bought the car yet.

10-14-2001, 04:04 PM	#18
mach_six Scooby Newbie Member#: 10170 Join Date: Sep 2001 Location: Northern NJ Vehicle: 2008 Subaru Impreza	To get 2.9% you have to score a 700, so you will need a very good credit rating. My brother and I didn't qualify by a long shot even if combined we make a 3 1/2 times the car's worth. We have other loans totaling more than the car itself though. 2.9 is short term maybe 1 year or 2 and keeps going up 1 percent for 1 more year.

10-14-2001, 04:40 PM	#19
American Zero Scooby Newbie Member#: 10375 Join Date: Sep 2001 Location: In an alley with my APR spoiler Vehicle: WRX sedan silver I'm White	The Dealer offered me 0 Down and no payments for 30 days does that mean ill get a bad interest rate ? I haven't bought the car yet.

10-15-2001, 04:11 AM	#20
American Zero Scooby Newbie Member#: 10375 Join Date: Sep 2001 Location: In an alley with my APR spoiler Vehicle: WRX sedan silver I'm White	really ?

10-15-2001, 10:39 AM	#21
PDG Scooby Newbie Member#: 11049 Join Date: Oct 2001 Location: Chelmsford, MA Vehicle: 02 WRX, BLACK WAG Somewhere around stage 4	zero down and no payments for 30 days is cakewalk for these guys. I just picked up my WRX yesterday, at 0 down, 6.9% financing and first payment isn't for 45 days--and I didn't even ask for the 45 days. Seems standard.

10-15-2001, 10:57 PM	#22
redobs NASIOC Supporter Member#: 1501 Join Date: May 2000 Chapter/Region: NESIC Location: Nashua, NH Vehicle: 2009 WRX wagon Dark grey	BTW, Saab has 0 down and 0% financing also. But, they're part of GM.

10-16-2001, 02:43 PM	#23
yakabazzi Scooby Newbie Member#: 10056 Join Date: Sep 2001 Location: Central New Jersey Vehicle: 2002 WRX Wagon	Wish I could get 6.9% on my money. $20,000 borrowed over 4 years works out to be $3,000 in interest. Plus hold backs and mark up. Then they try to steal your trade. Oh, there's many ways for them to make money as long as they move cars. Start at invoice and go from there. Pls don't pay MSRP!!!

10-16-2001, 08:58 PM	#24
Eric SS Sooby Guru Member#: 1914 Join Date: Jul 2000 Chapter/Region: SWIC Location: 2013 335i, 2011 G37 coupe Vehicle: 2000 2.5RS w/ EJ22T swap and N20. gone. : (	lol! you guys are funny. Your first payment is NEVER due until 45 days! On a house or a car. That is just a ploy they use to make it sound like they are doing you a favor. you know why it isn;t due for 45 days? because each day you wait you are being charged interest. the banks make a killing on people waiting 45 days to make a payment. Pay your first payment as quick as you can! Eric

10-17-2001, 01:07 PM	#25
wrxlvr Scooby Specialist Member#: 10788 Join Date: Oct 2001 Chapter/Region: RMIC Location: Aurora, CO Vehicle: 2002 Outback Blackety black	If you are buying a WRX or 2.5rs, dont count on getting anything below 6.9%. Subaru's financing deals don't apply to any Imprezas. Open an account at a credit union and you may get a little lower rate.: