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Discussion Starter #1
So what financing rates/terms are you all looking at? Does anybody think Subaru is going to offer decent rates themselves?

Me, I am looking for a 36, 48 or 60 month term with less than 6% APR. I don't think that is too much to ask for considering the state of interest rates in general and my excellent credit.

BTW, for those of you with Office XP, Excel offers an EXCELLENT loan calculator template. It's kinda fin to play with the numbers and see what happens if you pay X amount extra per month.
 

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I just found out today that I will indeed be getting a car. My dealer said they are getting 10 STi's and I am number 4 on the list. I decided to do some checking at lendingtree.com for financing and got rates of 4.49% and 4.25% so far. I emailed my dealer, but I haven't heard back from him yet.
 

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SOA won't offer anything special. Geez, it took them a year and a half to offer anything on the WRX and it's only a WRX.
 

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Discussion Starter #4
Re: Re-reading posts

Ok, so what kinda rates have you been seeing out there that aren't SOA subsidized?
 

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SPA Technique Dual Gauges

The two biggest factors are the credit of the person requiring financing and the amount of down payment.

1) As for credit, there are a few different things that make up credit, first is how long you've been on their books. A lot of people under 25 have a tougher time than others because they haven't had enough credit. that can sometimes be worse than bad credit. Second is your debt to income ratio. If you make 1500 per month and you pay 400 in rent/mortage and 200 in credit cards or school loans and then want to get a $500 car payment, they probably won't let you. They like people to spend LESS than 50% of their income approximately. Third is your payment history. If you have late payments it will probably kick you in the boy parts..., or girl parts... :) . I see a lot of people that say they have pretty good credit and their credit says that they have a collection with McDonalds for bouncing a check! Fourth, and a big one, any collections or past due money. As for collections, any medical collections are usually looked past by banks, but anything else will kill you too. Past due on anything will also shut you down pretty quickly too.

2) Down payment. Most banks don't require a down payment if you have average credit or above. Butt, on the other hand, some banks will give you a slightly better rate if you have $5-10K down or more.


As for current rates JJ, I've seen as bad as 21% and as low as 4.9%'s for standard financing.


And, that class, is the end of financing 101!


Class dismissed.

8)
 

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What if you currently have no debts to pay for and all that you make is fully disposable? But not much of a credit history.

And BTW what is a late payment is it 30 days and over?
 

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Hey All,

For all you AAA people, my wife says that AAA offers a 3.9% APR on new cars for their members. Not sure on their qualifications or what all needs to be done. Just thought that I'd throw that out there.

Jared
 

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Hey there. I'd bet that you've got to jump through some pretty high hoops to get that one. Hunter, as for your financing, if you're planning on putting as much down as we talked about then you shouldn't have too much of a problem. :D
 

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I don't have a clue. We use about 42 different banks here at Lujacks.
 

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I dunno, but I would look around for a credit union that is offering really low rates. We refinanced my wife's 4Runner at 3.54% and I got my loan for 3.84% @60 months on both. I would have to say that's pretty good, but shop around.
 

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Also check your local credit union for rates. Generally they offer a lower rates than banks.
I got my Golf TDI refinances at 5% and I had it for only 7 months. Saying that they should offer a slightly lower % on brand new car.
Also check www.peoplefirst.com
12-36 months 3.99%, 37-60 4.39% and 61-72 at 4.99%.
 

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if i but one, my credit union offers 5.5% over 7yrs for new cars over $25K.
i'm all about keeping my required monthly payments as low as possible and then paying extra when i can.
 

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I was approved for 4.3%... but I have made my payments on time and have a good credit history. Shop around, it pays. But also, beware that percentage differances are usually small. The differance between 6 and 4.3 may only be 10 or 20 bucks a month, if that.
 

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SilentBob, what dealership is getting 10 STi's? Are they all spoken for? hmmm... this could turn into a subaru gumball rally to your dealership. :D
 
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