Welcome to the North American Subaru Impreza Owners Club Monday December 29, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 10-12-2001, 08:13 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

Default 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.
Jaxx is offline   Reply With Quote
Old 10-12-2001, 08:31 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

Default

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
Bradus is offline   Reply With Quote
Old 10-13-2001, 12:28 AM   #3
joe z
NASIOC Supporter
 
Member#: 599
Join Date: Dec 1999
Chapter/Region: NESIC
Location: Manchvegas
Vehicle:
2007 Impreza Sti
UGM

Default

more than likey never
joe z is offline   Reply With Quote
Old 10-13-2001, 04:35 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. : (

Default

When did Toyota offer 0%?
Eric SS is offline   Reply With Quote
Old 10-13-2001, 04:38 AM   #5
topcover
Scooby Specialist
 
Member#: 8999
Join Date: Aug 2001
Location: San Francisco
Vehicle:
2002 EJ25 FXT Wagon
Platinum Silver, Stage2

Default

I thought 0% was an American car company thing....
topcover is offline   Reply With Quote
Old 10-13-2001, 06:04 AM   #6
Yuhin
Scooby Specialist
 
Member#: 4581
Join Date: Mar 2001
Location: Vancouver
Vehicle:
2002 Pimpreza WRX
WRC Blue w/ Sti banner

Default

which car are you talking about?
all cars are differen
Yuhin is offline   Reply With Quote
Old 10-13-2001, 06:05 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. : (

Default

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
Eric SS is offline   Reply With Quote
Old 10-13-2001, 10:28 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

Lightbulb

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...
dbrier is offline   Reply With Quote
Old 10-13-2001, 10:35 AM   #9
Bradus
Scooby Specialist
 
Member#: 10036
Join Date: Sep 2001
Chapter/Region: NESIC
Location: 42.698N 71.135W
Vehicle:
2008 Infiniti G35x
Volvo XC90-T6

Default

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
Bradus is offline   Reply With Quote
Old 10-13-2001, 10:58 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

Default

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 is offline   Reply With Quote
Old 10-13-2001, 11:03 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

Default

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?
Streetman is offline   Reply With Quote
Old 10-13-2001, 02:27 PM   #12
WRX Fan
Scooby Specialist
 
Member#: 4286
Join Date: Feb 2001
Location: Toronto, Ontario, Canada, eh!
Default

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?
WRX Fan is offline   Reply With Quote
Old 10-13-2001, 07:58 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

Default

subaru american credit is not owned by subaru ?

wacky?
Jaxx is offline   Reply With Quote
Old 10-13-2001, 08:35 PM   #14
PDG
Scooby Newbie
 
Member#: 11049
Join Date: Oct 2001
Location: Chelmsford, MA
Vehicle:
02 WRX, BLACK WAG
Somewhere around stage 4

Default

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.
PDG is offline   Reply With Quote
Old 10-13-2001, 09:05 PM   #15
Streetman
Scooby Specialist
 
Member#: 8243
Join Date: Jul 2001
Chapter/Region: MWSOC
Location: Saint Petersburg, FL
Vehicle:
97 Brighton 2.5!
the REAL red

Default

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.
Streetman is offline   Reply With Quote
Old 10-14-2001, 01:16 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

Default

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...
Jaxx is offline   Reply With Quote
Old 10-14-2001, 03:34 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

Default

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 is offline   Reply With Quote
Old 10-14-2001, 05:04 PM   #18
mach_six
Scooby Newbie
 
Member#: 10170
Join Date: Sep 2001
Location: Northern NJ
Vehicle:
2008 Subaru Impreza

Default

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.
mach_six is offline   Reply With Quote
Old 10-14-2001, 05:40 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

Default

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 is offline   Reply With Quote
Old 10-15-2001, 05:11 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

Default

really ?
American Zero is offline   Reply With Quote
Old 10-15-2001, 11:39 AM   #21
PDG
Scooby Newbie
 
Member#: 11049
Join Date: Oct 2001
Location: Chelmsford, MA
Vehicle:
02 WRX, BLACK WAG
Somewhere around stage 4

Default

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.
PDG is offline   Reply With Quote
Old 10-15-2001, 11:57 PM   #22
redobs
NASIOC Supporter
 
Member#: 1501
Join Date: May 2000
Chapter/Region: NESIC
Location: Nashua, NH
Vehicle:
2009 WRX wagon
Dark grey

Default

BTW, Saab has 0 down and 0% financing also. But, they're part of GM.
redobs is online now   Reply With Quote
Old 10-16-2001, 03:43 PM   #23
yakabazzi
Scooby Newbie
 
Member#: 10056
Join Date: Sep 2001
Location: Central New Jersey
Vehicle:
2002 WRX, 2.0 Sport

Default

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!!!
yakabazzi is offline   Reply With Quote
Old 10-16-2001, 09:58 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. : (

Default

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
Eric SS is offline   Reply With Quote
Old 10-17-2001, 02:07 PM   #25
wrxlvr
Scooby Specialist
 
Member#: 10788
Join Date: Oct 2001
Chapter/Region: RMIC
Location: Aurora, CO
Vehicle:
2009 Cadillac CTS-V

Default

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.:
wrxlvr is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mitsubishi offering 0% financing through the Samís Club Auto Buying Program AVANTI R5 Non-Subaru News & Rumors 3 12-10-2009 01:58 PM
When will Subaru offer Blue Ray or HD-DVD equipped systems? HB_Dad General Community 10 10-25-2007 03:06 AM
So when will Subaru offer a fuel efficient car again? BrysImpreza General Community 28 09-08-2004 05:13 PM
So you know how Subaru is offering 0% financing on all models right now? tcs007 Mid West Subaru Owners Club Forum -- MWSOC 27 03-13-2003 12:16 PM


All times are GMT -4. The time now is 11:20 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.