My daughter bought a Yaris with ~120,000kms from them.
It had ~412,000kms on it when she rolled it.
Was a good buy. She didn't have a trade in, so she payed asking price.
Apparently, they don't negotiate (unless you're trading in).
Normal car recommendation….
- Thread starter mimico_polak
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It had ~412,000kms on it when she rolled it.
Was a good buy. She didn't have a trade in, so she payed asking price.
Apparently, they don't negotiate (unless you're trading in).
Has anyone ever heard of a dealer charging MORE to finance a vehicle than if it was bought with cash? This is a first for me.
Still on the hunt for a new Subaru for my daughter (she's really fixated on Subaru, unfortunately) and we came across one that looked like a good prospect, but the dealer not only wants $1500 to certify it on top of the price (high, but it is what it is I guess), but they also want $695 EXTRA to finance it vs paying cash.
Still on the hunt for a new Subaru for my daughter (she's really fixated on Subaru, unfortunately) and we came across one that looked like a good prospect, but the dealer not only wants $1500 to certify it on top of the price (high, but it is what it is I guess), but they also want $695 EXTRA to finance it vs paying cash.
May just be games to avoid false advertising hits. They know their target market likely doesn't have the cash and that's only $10 a month added to financed payment so not make or break.
Yeah, I've seen that before, it's a "Finance Placement Fee".
Kinda dumb, as most lenders pay commission to dealers to bring them into a deal.
To then turn around and charge extra to the customer *and* get a kickback from the bank is just plain greed.
Relax
Well-known member
I've seen the opposite, where they charge more for paying cash, presumably because they're losing out on the additional financing income:
"The advertised price is a finance only price, if you wish to purchase the vehicle for cash additional $2,000 surcharge will apply."
Yeah, this is my thought process.
This is the norm, charging to if you do *NOT* finance. Just had this discussion in the EV thread for that matter, but thought I'd post this Subaru hunt tangent in this thread instead.
There's no mistake, I was texting the dealer and asked him to confirm the extra charge for financing, the response was "It's a lot of work, we have to deal with the bank and answer all their questions when we do the credit applications" yadda yadda. I've bought enough used cars in my life to know that this is all done on a computer screen in a matter of minutes, with the approval (or not) coming within a few minutes of the application being submitted electronically. How much "work" is this?
The car in question:
2017 Subaru Forester | $17,995 | 128,000 km | Gas SUV for sale by Ontario Car Store | Mississauga, ON
!!!Carfax Clean 1 Owner No Accidents Dealer Serviced!!! !!!On Sale this Week Book your Appointment Today!!! Automatic, Air Cond., tilt, cruise, Only 128,000kms. Fully loaded with p/sunroof, p/heated seats, Back up Cam, Bluetooth, i pod/ USB ready, Blind Spot Mirrors, p/lift gate, traction...
www.autotrader.ca
"Drives like new" not once but twice, but then "not driveable" not once, but twice.
So they get probably $300-$500 from the finance company for the business, PLUS ding the buyer for another $695 for the privledge.
Wow. Onwards to the next car.
Never do financing from the dealers that do it in house.Yeah, this is my thought process.
This is the norm, charging to if you do *NOT* finance. Just had this discussion in the EV thread for that matter, but thought I'd post this Subaru hunt tangent in this thread instead.
There's no mistake, I was texting the dealer and asked him to confirm the extra charge for financing, the response was "It's a lot of work, we have to deal with the bank and answer all their questions when we do the credit applications" yadda yadda. I've bought enough used cars in my life to know that this is all done on a computer screen in a matter of minutes, with the approval (or not) coming within a few minutes of the application being submitted electronically. How much "work" is this?
The car in question:
2017 Subaru Forester | $17,995 | 128,000 km | Gas SUV for sale by Ontario Car Store | Mississauga, ON
!!!Carfax Clean 1 Owner No Accidents Dealer Serviced!!! !!!On Sale this Week Book your Appointment Today!!! Automatic, Air Cond., tilt, cruise, Only 128,000kms. Fully loaded with p/sunroof, p/heated seats, Back up Cam, Bluetooth, i pod/ USB ready, Blind Spot Mirrors, p/lift gate, traction...
"Drives like new" not once but twice, but then "not driveable" not once, but twice.
So they get probably $300-$500 from the finance company for the business, PLUS ding the buyer for another $695 for the privledge.
Wow. Onwards to the next car.
My buddy may be selling his 2015ish Forester soon for 10k or so. I believe it’s 150k on the clock.
I’m tempted to try out the Forester and Outback.
The Maverick itch is slowly fading.
Send me the details if the time comes and you don’t take it, we would definitely look hard at it depending on the colour – that’s the second challenge is that she’s not only picked an uncommon car, she has only a handful of colours she likes lol.
She keeps looking at cars in the $20,000 price range which I know are realistically going to be $23-25,000 out the door. She has around $10,000 saved up but I can’t say I’m not concerned about a fresh university grad just moving into life spending that much.
Financing at the dealer is the only option, the bank of mom and dad isn’t handling this one, plus she needs to build her credit.
It’s silver. Not sure about mechanical maintenance or stuff like that but can ask.
I’m not buying it.
Silver is indeed on her “I would be OK with that” list. Green is her #1 choice but of course it’s the most rare of colours it seems.
I’ll get you more info when I see them tomorrow / Monday as well as timing.
I’d go take some pics now but I’m sure that’d be awkward if they saw me in their driveway…
Relax
Well-known member
Yup. Usually you only get a good rate when the manufacturer offers subsidized financing or leasing. Otherwise, it's usually better to just get a bank loan on your own, or better yet, a home equity line of credit.
Love those 0% finance deals!
It's a win-win as well, as the vehicle you're buying doesn't depreciate as much as when the manufacturer slashes the price of all the models across the board. Everybody with a late-model 890 took a $5K haircut when KTM had a fire sale on all 2024 inventory.
Brutal.
2015 and newer Foresters are pretty decent. My current 2018 has over 200k and running strong. Not sure when they started the programmed shifts in the CVT but, they work well and never had an issue with the transmission. I’d worry more with Nissan CVT over Subie.
The fuel efficiency for Subie is better than most in the same size category. If you get one at the right price and decent history, I wouldn’t hesitate.
Right now, I’m looking at replacing the Kia Soul. If I don’t go EV or hybrid, I’d look at Subie without worry.
The fuel efficiency for Subie is better than most in the same size category. If you get one at the right price and decent history, I wouldn’t hesitate.
Right now, I’m looking at replacing the Kia Soul. If I don’t go EV or hybrid, I’d look at Subie without worry.
Her buying a car is now on hold until we figure out exactly WTF is going on in the USA right now. She, like many others, could be unemployed in the coming weeks.
Today my wife said ‘hmmm you know…maybe the Maverick wouldn’t be so bad’
After she saw me tossing stuff out of her odyssey to put the kids sleds into it.
