RE: Car loan rates

[KattWildz]

Personally, I enjoy a demonstrator. Why? Well, it is a year old and the quickest depreciation of a vehicle is within it's first year. I save $5000, have a car with 10 000 miles on it AND I get the "new car" competitive interest rates (and not used) of 1-2%.

Hmmm, maybe I should check out a demo. I've purchased one in the past, and they're like brand new, plus you save save save! My current rig has 192000 miles on it ...time to find another, but like everyone else, I want something for it's buck, including the LOW interest rate...

 

[KattWildz]

Get a Gray one, don't have to wash it as often and the dirt really hides well on gray ;-)

Grey...aaughh! ugly Blue is the one to get, unlike neutral colors, black white and grey, blue looks the purdiest mud, dirt, or not...

 

[Swedishchef]

Hmmm, maybe I should check out a demo. I've purchased one in the past, and they're like brand new, plus you save save save! My current rig has 192000 miles on it ...time to find another, but like everyone else, I want something for it's buck, including the LOW interest rate...

Personally it's the only way I go if I am looking for something new-ish. It is in my personality to like "comfort" (IE Fixed interest rate mortgages, newer cars, etc) when it comes to making big purchases so I find it works best for me.

I have had family members purchase vehicles that are 3-5 years old and end up dumping $1000-$2000 in repairs within 1-2 months. I would rather budget a bit more of a monthly payment for peace of mind than pump out $1000 bills.

What kind of vehicle are you looking at purchasing?

Andrew

 

[thinkxingu]

Not sure why y'all's rates are so high, a two-second search came up with Granite State Credit Union's 2% for 5 years on used AND new and if you do direct deposit and ebill, it's another .25% lower. Cheaper to use their money.

 

[KattWildz]

Personally it's the only way I go if I am looking for something new-ish. It is in my personality to like "comfort" (IE Fixed interest rate mortgages, newer cars, etc) when it comes to making big purchases so I find it works best for me.

I have had family members purchase vehicles that are 3-5 years old and end up dumping $1000-$2000 in repairs within 1-2 months. I would rather budget a bit more of a monthly payment for peace of mind than pump out $1000 bills.

What kind of vehicle are you looking at purchasing?

Andrew

SUV of some sort, always hauling my kids around. Although my 16 year old has her own car now. However, I do live in snow country (no snow this year.LOL), feel better with 4 wheel drive. They are so expensive though. Maybe I should get front wheel drive vehicle?

 

[Swedishchef]

SUV of some sort, always hauling my kids around. Although my 16 year old has her own car now. However, I do live in snow country (no snow this year.LOL), feel better with 4 wheel drive. They are so expensive though. Maybe I should get front wheel drive vehicle?

*cough* Subaru *cough*

 

[firefighterjake]

*cough* Subaru *cough*

I was thinking the same thing Swedishchef . . . great All wheel drive, decent mileage now with the CVT and for the money perhaps one of the better car deals available. My wife was leaning towards the Outback originally, but since we don't have kids she is now thinking more of getting a Legacy. She would be fine with the base model, but I'm hoping she may opt to pony up a bit more coin for the premium (gotta love those heated seats!)

 

[Swedishchef]

I enjoy the fact that all of their models are AWD (obviously except the BRZ). They have been using this design for over 20 years. The system is near perfection. I have a friend who owns an Audi A4 quattro and he said he finds the Subaru AWD system is better.
WIth the new CVT transmissions you get a better mileage. No doubt about it. I had a 2014 Forester ( Motor trend SUV of the year, even beat BMW and Audi) for 2 days as well as a 2014 Outback and the CVT certainly beats the old auto tranny hands down.

ANd as always they have great financing rates on 2013s and lots of demos kicking around!

Andrew

 

[firefighterjake]

I enjoy the fact that all of their models are AWD (obviously except the BRZ). They have been using this design for over 20 years. The system is near perfection. I have a friend who owns an Audi A4 quattro and he said he finds the Subaru AWD system is better.
WIth the new CVT transmissions you get a better mileage. No doubt about it. I had a 2014 Forester ( Motor trend SUV of the year, even beat BMW and Audi) for 2 days as well as a 2014 Outback and the CVT certainly beats the old auto tranny hands down.

ANd as always they have great financing rates on 2013s and lots of demos kicking around!

Andrew

Only issue is here in Maine finding a 2013 can be quite a challenge . . . they're far and few between now . . . and the few that are around tend to be the high end loaded to the gills models and/or 6 cylinder models. Most likely we'll end up with a 2014 . . . my wife just has to decide when . . . she is far, far more conservative than myself when it comes to spending money.

 

[mass_burner]

My formula is new and keep for 10-15 years. I'd rather not experience issues of a lease vehicle that has been beat on with questionable maintenance. A factory certification is no guarantee. I'm sure I lose some money on my formula but take comfort in knowing my vehicles complete maintenance history.

Things must be different here. The dealer where we bought our Lexus was also the lesser. When the lessee turns in the car it must be under a specified mileage or the lessee pays over mileage fees, same goes with condition. In our case lessee had a max of 12k miles per year. When the car is turned in, its given the maintenance update and sold. We've only had normal wear and tear since 2007.