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Old 03-25-2003, 11:45 AM   #1
thebigshow
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Default Going To The Dealer This Week

first thing i'm gonna do is have them work up what i would b lookin at as a monthly payment for a 72 month term. i doubt i'll b able to swing that, so i'll have them figure up some leases, too. could u guys help me with what would b a good lease deal? i just don't wanna get bent over too bad with a lease, so i'd like to know what u guys think would b viable. thanks, guys.

i apologize; i posted this on i-club, so it's kindof a repost
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Old 03-25-2003, 11:58 AM   #2
deadbolt
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Is this about an STi? If so you won't get a lease quote, or at least not an accurate one. We (dealers) have not gotten any lease info yet for the car. No MSRP, No residual value percentage tables, nor lease money factors.
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Old 03-25-2003, 12:03 PM   #3
Joraq
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Default loans

Hey,
It would probably be in your best interest to try to finance at another place other than the dealer.. Credit unions usually offer lower rates, So check with them.. Rates range from 4 % upward so your payment obviously varies depending on credit history/rating.. Check out www.carpoint.com's finance calculator for some figures. The link is on the left. There, you will be able to put in the factors that would affect your payments. I would suggest this over going to the dealer and having them work up some numbers. As for leasing, its different. Some car sites have leasing calculators. Leasing is beneficial for people who follow stricter needs. It may be you, I don't know.. In that case they could probably give you the info.

J.
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Old 03-25-2003, 12:29 PM   #4
deadbolt
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Default Re: loans

Quote:
Originally posted by Joraq
Hey,
It would probably be in your best interest to try to finance at another place other than the dealer.. Credit unions usually offer lower rates, So check with them.. Rates range from 4 % upward so your payment obviously varies depending on credit history/rating.. Check out www.carpoint.com's finance calculator for some figures. The link is on the left. There, you will be able to put in the factors that would affect your payments. I would suggest this over going to the dealer and having them work up some numbers. As for leasing, its different. Some car sites have leasing calculators. Leasing is beneficial for people who follow stricter needs. It may be you, I don't know.. In that case they could probably give you the info.

J.
Common misconceptions there. Depending on your credit most dealers can usually beat even the best credit unions. Right now I have one bank offering 3.4% simple interest fixed rate.

Some credit unions don't report to the major credit bureaus, it is in all the fine print in their contracts.

Again, there are no firm numbers on leases so you won't be able to get a lease quote anyhow.
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Old 03-25-2003, 12:35 PM   #5
Corn-Picker
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Default Re: Going To The Dealer This Week

Quote:
Originally posted by thebigshow
first thing i'm gonna do is have them work up what i would b lookin at as a monthly payment for a 72 month term. i doubt i'll b able to swing that, so i'll have them figure up some leases, too. could u guys help me with what would b a good lease deal? i just don't wanna get bent over too bad with a lease, so i'd like to know what u guys think would b viable. thanks, guys.

i apologize; i posted this on i-club, so it's kindof a repost
Negotiate a total price, not a monthly payment. If you go in negotiating a monthly payment you'll most surely get "bent over"
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Old 03-25-2003, 12:40 PM   #6
deadbolt
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There won't be much haggling for price at most dealers from what I hear. (Sadly most now seem to be going to the over sticker philosphy)
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Old 03-25-2003, 12:51 PM   #7
thebigshow
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yeah, i just hope to put a deposit down, get my order in, and mayb get a msrp agreement. thanks for the replies. i do know they will b offerin leases, but like u guys said, they'll probly not have too many details.
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Old 03-25-2003, 01:26 PM   #8
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Not a myth at all. Stick with a credit union. Every dealership I have ever spoken to, as soon as I mention a credit union they say "oh, we probably can't compete".

Caveat: I have a good credit record and income - this may affect the comparison.

Personally, I'd avoid leases like the plague.

Buy this book, best $11 you'll ever spend:
http://www.amazon.com/exec/obidos/tg...books&n=507846
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Old 03-25-2003, 01:28 PM   #9
doppelganger
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You'd be better off waiting until winter when the inital hype dies off. Unless you have "connections" with the dealer you may buy from, you are going to get reamed on a STi when they are first released.
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Old 03-25-2003, 01:40 PM   #10
RallyBrit
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I was looking to lease the EVO and they are not making it easy. Residual of 40% after 36 months and 38% after 42 months. This compares to 52% for the regular WRX. Also the money factor ends up costing you nearly 9%. Almost cheaper to buy over 48months then lease over 42. Lease is over $700 / month - crazy for a $30,000 car if you ask me.

SO unless Subaru really wants to lease these, you may get a bad lease deal here also.
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Old 03-25-2003, 03:03 PM   #11
deadbolt
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Quote:
Originally posted by Glenn Wallace
Not a myth at all. Stick with a credit union. Every dealership I have ever spoken to, as soon as I mention a credit union they say "oh, we probably can't compete".

Buy this book, best $11 you'll ever spend:
http://www.amazon.com/exec/obidos/tg...books&n=507846
Glenn, I respectfully have to disagree. According to the Roberts Report (all banks within the state) in my area, the lowest credit union rate offered is 4.0%. I now have one lender offerine 3.24% (This is not incentivized rates such as the 0.0% stuff that Subaru Motors Finance offers, but regular old simple interest fixed rates)

Again, these are all assuming immaculate credit scores.
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Old 03-25-2003, 07:14 PM   #12
JT-KGY
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Quote:
Originally posted by deadbolt


Glenn, I respectfully have to disagree. According to the Roberts Report (all banks within the state) in my area, the lowest credit union rate offered is 4.0%. I now have one lender offerine 3.24% (This is not incentivized rates such as the 0.0% stuff that Subaru Motors Finance offers, but regular old simple interest fixed rates)

Again, these are all assuming immaculate credit scores.
Where you get 3.4%?? for how long?
Thats good rate..
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Old 03-26-2003, 06:42 PM   #13
Joraq
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3 percent would be the best rate but for who? You stated:

Again, these are all assuming immaculate credit scores.
Quote:
now have one lender offerine 3.24% (This is not incentivized rates such as the 0.0% stuff that Subaru Motors Finance offers, but regular old simple interest fixed rates)
I think that would make up a very small number of people. On the whole, credit unions would probably be more accessible as well as more lenient (credit wise) towards their specialized sharemember based population, i.e. most of us.

J.
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Old 03-27-2003, 08:47 AM   #14
deadbolt
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Sorry, I was away yesterday. That was through Wachovia's dealer finance department.
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