twisted Posted October 27, 2005 Share Posted October 27, 2005 Ok here's my question and forgive my lack of knowledge When they say 1.9% APR for 24 months What do they mean? a. We will give u 1.9% for 2 years and after that ur rate goes to whatever ur credit-worthiness is or b. 1.9% for 2 years makes ur payment as $1200 per month so at the end of 2 yrs u've paid ur $26000 car off (just an example) I'm guessing its the latter but just wanted to confirm. Link to comment Share on other sites More sharing options...
wukindada Posted October 27, 2005 Share Posted October 27, 2005 B Toyota 6EATS .........SUCK!!!!!! Link to comment Share on other sites More sharing options...
GraysonSubaru Posted October 27, 2005 Share Posted October 27, 2005 b. 1.9% for 2 years makes ur payment as $1200 per month so at the end of 2 yrs u've paid ur $26000 car off (just an example) QUOTE] Link to comment Share on other sites More sharing options...
starlabs Posted October 27, 2005 Share Posted October 27, 2005 Yeah unfortunately it's the latter. I was confused myself, until I had asked a salesperson to clarify it. -=- Livin life at 140 BPM -=- Link to comment Share on other sites More sharing options...
twisted Posted October 27, 2005 Author Share Posted October 27, 2005 i figured as much ...its designed for the affluent amongst us that trade in a car that they own without any lien worth like 7-8 K or they put down some insane amount as down payment but thought i should confirm.....i was hesitant to put that question up...thinking it'll make me look stupid (i am i am i am) but its good to know others had that same doubt as me. Link to comment Share on other sites More sharing options...
twisted Posted October 27, 2005 Author Share Posted October 27, 2005 what sux more is that when i got my 05 LGT LTD earlier this year subaru had some real nice rates and being a tier 2 person i got 3.9% in March 05, but now on 05's fr 63 months at tier 2 i will get 4.9% and on 06 for 63 months it'll be 5.9% ....not good either way ...so its looking like back to finding one of the last of 05's or waiting for 06 rates to get better. I may just sell my 02 on my own and hope rates on 06 go down in a month or two....disappointed all around:icon_frow Link to comment Share on other sites More sharing options...
RacingFish Posted October 28, 2005 Share Posted October 28, 2005 sounds like a lease..... and thats on approved credit. Link to comment Share on other sites More sharing options...
twisted Posted October 28, 2005 Author Share Posted October 28, 2005 no mine's not a lease but a purchase of the 05...!!! ...March 2005 Link to comment Share on other sites More sharing options...
GraysonSubaru Posted October 28, 2005 Share Posted October 28, 2005 rates were really good at the beginning of the year but rates on any loan (car, house, personal) have gone up a lot since the beginning of the year, that is why those special low rates have come up a little. Link to comment Share on other sites More sharing options...
twisted Posted October 28, 2005 Author Share Posted October 28, 2005 cmon seth...tell them SOA to gimme 3.9 APR again....cuz 06 models are pricey to begin with LOL...u can change it from the inside ...waiting for new numbers to come for November and if they do not go down on APR, i'll go and get a left-over 05 in Atlantic Blue (not my favorite color)... I rate the colors as Silver (already got one) Red (cant find on here in 05's...in 5MT) White (cant find on here in 05's...in 5MT) Black (cant find on here in 05's...in 5MT) Atlantic Blue (so many left in this color) Regal Blue....oh gawd kill me...this color is nasty IMO Link to comment Share on other sites More sharing options...
pwdrdayz Posted October 28, 2005 Share Posted October 28, 2005 or waiting for 06 rates to get better. I am a mortgage broker and we've been getting slammed with people trying to refi before rates get much higher. I can say with quite a bit of confidence, rates will not be getting better anytime soon Link to comment Share on other sites More sharing options...
derffred Posted October 28, 2005 Share Posted October 28, 2005 cmon seth...tell them SOA to gimme 3.9 APR again....cuz 06 models are pricey to begin with LOL...u can change it from the inside ...waiting for new numbers to come for November and if they do not go down on APR, i'll go and get a left-over 05 in Atlantic Blue (not my favorite color)... I rate the colors as Silver (already got one) Red (cant find on here in 05's...in 5MT) White (cant find on here in 05's...in 5MT) Black (cant find on here in 05's...in 5MT) Atlantic Blue (so many left in this color) Regal Blue....oh gawd kill me...this color is nasty IMO dude... all of the subarus around here are either atlantic blue (including mine) or silver... Link to comment Share on other sites More sharing options...
twisted Posted October 30, 2005 Author Share Posted October 30, 2005 I am a mortgage broker and we've been getting slammed with people trying to refi before rates get much higher. I can say with quite a bit of confidence, rates will not be getting better anytime soon ....2 different industries....with low sales volume anticipated over the next few months...it would seem logical that rates would be dropped Link to comment Share on other sites More sharing options...
The B4 Posted October 30, 2005 Share Posted October 30, 2005 ....2 different industries....with low sales volume anticipated over the next few months...it would seem logical that rates would be dropped no...banks have to buy their money just the same. the prime rate goes up...everything else goes up to. Any company that doesn't keep up with the market rates will be losing major money. I only see a manufacturer going down again if they are extremely desperate to move product. [sIGPIC][/sIGPIC] Link to comment Share on other sites More sharing options...
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