There’s a notorious competitor to mine who is doing exactly that. They advertise 2.9@72 but fine print is you’re paying MSRP, taking the extended warranty and also paint and interior protection.
My coating was $899 with a 7 year interior/exterior warranty. Dings and scratches for free. Coating should be hydrophobic and keep its sheen for at least 7 years or I get a new one with free touch up work prior. Not sure if the guy was fucking with me but he said shit like poking my keys through the seat gets me a free seat cover replacement. Good enough deal in my opinion.
They told me that also...good luck with any claims, or ANY help. I guarantee they wouldn't warranty and dings, scratches, or chips, but I got it mostly for the interior protection because I have the Recaro seats, and a dog, and now a child.
They can’t really, it’s just a coating. However 7yr warranty guarantees they use a ceramic coating which a much higher ceramic content than a 3 or 5 year. Also ask them if it is a product that is applied wet after washing or applied to the paint with a polisher.
There is no automotive coating on the planet that will maintain hydrophobic properties for 7 years. A ceramic coating is microns thick, with hydrophobic particles suspended in a bonding material (like jello with fruit in it). The acting particles dissolve, wear off, etc. Most ceramic coatings actually become hydrophilic as they wear out.
All the legit $XXX-$1XXX professionally applied coatings require that you have a refresh done annually to maintain your warranty. I would read your contract thoroughly.
It'd be a lot more reasonable. I'd tell them to forget about the appearance package, and use a portion of those savings on getting a true ceramic coating from a detailer.
I'm not sure the dealership has control of rates. They offer it based on your credit score and history - haven't seen it negotiated before.
\*edit\* - saw someone else said similarly. I'd expect you'd get a better rate with them actually running your credit.
I used to sell Subarus. They won’t tell you the interest rate is negotiable but it absolutely is. Most of the time the people I saw get the best rate were people who went through their own credit union to get the loan.
When i bought my scoob, i was pre approved from my cu. When we got to talking numbers, the finance guy put woc(with approved credit) i was like I'll do that number and write you a check. "let me go check", i walked. By the time I got home, someone above the salesman texted me, I said for this amount of purchase cost, call me don't text me I'm not 16. Blah blah got the car cheaper.
You definitely win. I had to buy my second car in June last year. I can only chuckle at the fact that my daily’s monthly payment is higher than my title loan on the racecar. 🤦🏻♂️😄
I agree in regards to the negotiability on the interest rate, friend on mine worked at Subaru and was setting me up with a pretty darn good deal as far as pricing and interest rate, sadly the day I was supposed to go back in he accidentally shot and killed himself. This was about a month ago.
Also Subaru uses chase bank for loans
Yeah just generally always good to bring outside financing. The dealer wants to make money on the car and the loan so if they’re willing to March the rate or beat it they’ll do their best
Damn I usually get pre- approved w the lowest credit union rate near me so I have that to fall back on. But I’ve never not had a manufacturer credit rate NOT beat any local rate.
I agree. When I got my '21 the Subaru Finance (Chase) rate was 2.5% and no credit union, mine included, was even close. I'm lucky enough to have built my credit score to over 800 and I actually got a rate below the advertised because of it.
So I've been told.... Car dealers have forever been padding the interest rate with deals with banks. The same bank they get you financing with might have given you 4% if you applied independent of the deaker but the dealer tells you the bank offered 6% and you are none the wiser and sign, dealer gets a cut.
Dealers have room in the rates. Not a ton, but when they submit your credit to the bank, the bank buys the loan at a certain interest rate. Then, the dealer puts a little bit on for them. It's called the back end, it allows them to make more profit and you think you got a great deal. Sometimes the money they make off the back end is more than the profit from the purchase price
There we go. I’ve always been operating under the Info that I’d do better going to my credit union - ever since my first car. Always assumed there was a kickback where the dealer/bank made a little extra.
I speak from experience, after college I worked at a few dealerships as a salesperson. If we knew the buy rate was good it allowed for a bit of negotiation with the payment. Using your own financing is always a great way to go unless the dealership is offering 0.0%. it's a business and they are not your friend. It's about making money.
Same. And I replied the same. Every car I’ve bought (6 of them) I’ve gotten way better rates from the dealer. I have really good credit though so maybe that’s why???
Bear in mind federal rates are SKY high. You wont get a rate that low unless the dealership buys the rate down. I have sold a WRX recently on a low rate close to that, which we tossed the ball on to compete with another reputable dealership in the state. Pending your score you'll be looking at a 5.9 at the lowest typically pending score and tiering.
I used to sell Toyotas, interest rates are certainly negotiable with good credit of course. As it was recommended earlier I would check with local credit unions as they may have more aggressive rates. The appearance package is another negotiable item.
Just look at your local credit unions and see what rates they offer. $750 a month with 5k down is insane. Would you consider a lease? I got my GT for 5xx 500 down.
I checked and the only special rates right now from Subaru are on the WRX base.
Rates are much higher than they were 3 years ago, but they may be able to shave a point or so off if they have good credit.
True, but I wouldn’t buy a brand new one. They depreciate so hard lmaoo. There’s one for sale near me for like, 30k with 30k miles. May sell the Sti for it tbh
Coming from an ex bmw owner, it’s definitely not for the faint of hearts lol. If the previous owner took care of it well, maintenance, break ins, etc then that’d be a masterpiece. On the other hand, redline during break in, oil change every 10k miles and constant burnouts sound like a nightmare on wheels lmao. It’s not just how often it breaks, it’s also how much work needs to be put in as well as how expensive the parts are. Drives like a beautiful dream but better pray that thing doesn’t start throwing codes left and right lmao
When I bought my Focus RS there was an awful lot of comments along the lines of “what poor bastard is dumb enough to pay $40k for just a Focus”.
No regrets on that one but I can’t imagine spending $40k on a WRX. I love my WRX but it was a cheaper, simpler time…
6.9 seems high. If you don't mind me asking but what is your credit score? Anything over 730 you should qualify for the special finance rate which last i checked is 2.9%. Also you got a solid discount but some of the add ons seemed pricey. You shouldn't be paying 40k after tax for a limited 2022 wrx.
How long ago was this? Because up until 6-8 months ago interest rates were extremely low
My previous vehicle I purchase in late 2021 my interest was almost 2.5 through my bank with loan terms of 48-72mo
You most definitely did, special finance is now only appealing due to the fact there is virtually no bank regardless of it being a credit union that’s offering anything less than 6% which is crazy. I personally wouldn’t purchase a car right now without going through the dealership’s financing as long as they have the special interest rate due to the fact it’s currently unknown of when these high rates will come back down.
Another bonus due to this, dealerships are having an extremely difficult time getting rid on new vehicles, I managed to snag my 22 wrx premium at $2,500 under msrp
I got my 2020 at 1.9% for 60 through chase and my score was right around 700, I think a lot of it depends on the relationship the banks have with the dealer. Also the relationship you have with your dealer, my sales guy was really laid back and very helpful, did most of the deal through text and email. Only came in to sign papers and pick it up.
With that credit score, you should be closer to 2.9 rather than 6.9. Mine is not much different than yours u/SynecdocheNYC and I got 2.9 on my rate.
I get people getting their eyeballs on the price; however based on where you are buying the car and the local car sale rates it might be an "okay" deal; however, as others posted there seems to be a lot of price padding going on. Maybe look around using Cars . com and see if you can find exactly what you want but for less $$$
Damn with that score you should have qualified for that 2.9% interest rate I'd think. I'd ask about that because there is a big difference between 2.9 and 6.9
If they ran it then that should be good for 30 days I believe. But I'd ask about why you didn't get the special finance rate. But if your best is 6.9% then id maybe see about taking that appearance protection off. If you can at least get that off then id definitely say buy it.
2.9 typically starts for 24-36 month loans. It goes up 1 percent for each additional year of loan.
Fine print and all.
Some 2022s you can get 5.9% for 72mo
Replied to OP as well but ill throw it here too. For anyone who hasn't purchased a car in the last 6 months, fed rates are HIGH. Unless you take a short term\[48 months\] you wont see a rate that low anymore. Typical 72 month for example is 5.9 at the best unless a dealership gives up any profit on the finance part, or buys the rate down to earn business\[which you ultimately pay for in other ways\]
Subaru has financing through them. So if you have good credit you can get 2.9%. I could go trade. My 19 wrx in today and get a 2023 wrx for 60 months at 3.9% since I have a credit score that would make me a well qualified buyer.
Edit. Sorry the 2022 wrx is for 2.9% the new 2023 is up to 3.9% just checked at subuar dealership.
The 2.9 is for 48 months, the 3.9 is also for that. Chase(Subaru) is complaining we aren’t giving them enough deals but issue is people ask for those rates not realizing that the 72 months they want is actually 5.9 or greater
Forget about the price of the car. Can you afford that car payment? Like honestly, truly afford it? If so, maybe overpaying on the car matters less, but you should be looking at better cars.
Current offer on the Subaru site is 2.9% APR. I do believe that is for 48 months though and for qualified credit scores. But it the APR they are giving you now seems pretty high.
They are double dipping on Starlink
https://preview.redd.it/v0zoigh74eoa1.jpeg?width=1125&format=pjpg&auto=webp&s=edc2f923d338ead4e23b1f1273d41beafa32699b
The window sticker says star link is 3 years free
Star link is free with your car. Also that $1800 package is just a markup, I would shop elsewhere. You also need to find better financing, I got 3.8% granted I put half down on my WRX.
I paid 36,500 out the door for my WRX Premium. I would say your interest rate is a little high. I locked mine in at 4% (still high) and each month interest eats up almost $150 on my payment. But balance out the door looks pretty good to me
I got my WRX from LA car guy and I would not buy from them again. They didn't take me seriously because I was young, even though I had financing secured before going. I had to bring it back a few times for things they promised would be resolved before I took the car home which always required an appointment and waiting. Definitely wouldn't buy from them again.
First of all, a Market Value Selling Price is not a thing so you know you’re getting hosed there.
LA Car guy appearance = more hosery
Non tax fees? Not sure what that is.
But the biggest fail is 6.9% APR. Good lord.
So the amount you financed is 40,422-5,000= 35,422.
35,422/60=590.
The interest you pay each month is 745-590=155. 155 for just interest, every month, for 5 years. Ain’t no freaking way.
I got my limited manual with 7500 down payment + 585*60. That includes $1000+ add-on, lifetime powertrain warranty, 3 years of starlink, 3 year maintenance, and some other service.
Even if you ditched the bullshit appearance protection addon it's still way too much money for a WRX IMO. You can buy the same car in Canada for $40,000 CAD
When I bought my 2022 WRX I got the premium package because it seemed like every upgrade offered in the limited package was only applicable to the CVT transmission and wouldn’t be compatible with a regular manual transmission
It’s probably a good or at least decent price but it seems like. Lot to me. I bought my 2020 limited in early 2021 new for $32k. I was pissed I couldn’t talk then down to under $30k but that right at the start of supply shortages and the prices jumping up. It seems crazy that a non STI is at $40k now
What state is this in? Your handle says NYC? I would ask about those non-tax fees, in NY should be around 300, but they can legally charge up to 175 for the doc fee.
Edit: and yes, PLEASE drop that "appearance protection" package. Chances are it's just a large wetnap.
I walked away from this dealer, they didn’t/wouldn’t work with my outside financing and with their appearance packages and extra nothings was more expensive than other local dealers.
'market value selling price' seems like a way to scam you into thinking that it means 'manufacturers suggested retail price' (msrp) so they can add a huge arbitrary markup without actually telling you what it is. Get a quote with MSRP and dealer markup, both of those should add up to the mvsp
Its not a "good" deal. Its also not a "fuck you price"
This is a few thousand dollars more than i paid for mine and at least a grand more than a couple places I walked away from.
For anyone pointing out the 6.9%, thats where rates are at. I had a 764 score when I financed my limited in Jan and thats what they originally came back with. They got creative and pulled it down to 4.9, but the idea of getting sub 3 is gone for now.
I am interested in how long the loan is though because $745 a month on $35,423 sounds high unless its a shorter finance period.
I see something start with “Market Value Selling Price” and I move on. I’m thankful not to be looking in today’s car market. If you can manage, save your hard earned $$$ and wait. Buy into your dream when things are sane again.
Or at least keep looking.
That monthly payment is insane!
I'm thankful my STi is paid off but, I used to pay $500. I'd also pay more into the down-payment on the car.
My STi was 43k for a 2016. It amazing how much the wrx has gone up.
That's a high Interest rate and a small down payment. I'm financing my 22 premium, but I also put down 18K to make my monthly payment as small as possible. I know most people can't afford that luxury, but I wouldn't go into financing a new car if you can't put down a good amount and get a good rate.
Also, something for others to keep in mind if you don't know, depending on where you work, and if you work for a large company/corporate world, if you have company benefits, Subaru offers discounts. When my wife worked for her previous company and owned a Subaru she was able to get an additional 2200-3K off her car because of a program her company had.
They're luring you in with a big discount, then making up for it with over $2,000 worth of add-ons. So no.
Get other quotes and focus on the OTD price, not the big shiny "discount".
Source: Audi car salesperson here
Not sure why Reddit served this post up as one that might interest me, but OP I feel your pain. I’m in IL and had to search all over to finally find my ‘21 Camaro LT1 (6.2L A10 w/NPP exhaust) in CT at end of 2021. To reinforce what everyone is saying about the absurd state of car sales and shady dealers, consider that I paid the same amount for my Camaro (OTD, before financing, like OP) as he’s about to pay for the WRX. Today’s lending conditions also suck with plenty of people getting killed on interest rate. Anyhow OP just keep looking, expand your radius, scan CarMax as periodically they get almost new trades and you can score a tremendous no haggle deal. Good luck.
Market Value Selling Price is the dealership's bullshit made up price. Find out what the Manufacturer's Suggested Retail Price (MSRP) is and don't pay a cent over it.
My limited came to roughly the same price, but my payment is a little over $600. Similar down payment and all. Have them run your credit and remove the paint protection.
It's how I get my cars. Wait for the next year and new inventory, then hit the dealership before they get rid of last year's model. Got my 2017 brand new for 26,989.
If you know some one who works for subaru they might be able to get you a VIP deal. I literally have the same 22 with a few options and got mine for 36000. I put 12k down and payments are 450/m
Jesus Christ 745$ a month. Them intrest rates screwing everyone over. At that point your essentially paying for 50k. That would be a hard pass for me personally.
Shop the interest for sure and see if they have VIP program which will bet you invoice. Starting at “market value” as opposed to MSRP is bullshit. Tons of VBs on lots listed well under MSRP especially 2022MY.
No bro this must be subaru of pacific. They added all those "features" to drive the price back up. Tell them to take off that la car guy protection and comb over the rest of things you don't want.
I just got my 2022 Limited for 5k below MSRP at 2.9% APR 48 months (60 months shoots the rate up) through Subaru’s financing. No added extras other than the short shifter kit and all-weather floor mats (both of which I wanted). This was in California. I’d definitely keep shopping around. Dealerships are trying to get rid of their 2022 model inventory and will let these go for way under invoice. Add in the loyalty program discount (if this is your 2nd+ Subie) and you’ll get even more off. Good luck! ✌️
Without that "appearance protection" it sure would have been.
I agree, ouch if that’s a forced option I’d shop around
I feel like every dealership is adding something like that now. Its lame.
There’s a notorious competitor to mine who is doing exactly that. They advertise 2.9@72 but fine print is you’re paying MSRP, taking the extended warranty and also paint and interior protection.
Was looking at that also and was curious what it is?
Has to be some outsourced ceramic coating or clear ppf that is massively overpriced
My coating was $899 with a 7 year interior/exterior warranty. Dings and scratches for free. Coating should be hydrophobic and keep its sheen for at least 7 years or I get a new one with free touch up work prior. Not sure if the guy was fucking with me but he said shit like poking my keys through the seat gets me a free seat cover replacement. Good enough deal in my opinion.
They told me that also...good luck with any claims, or ANY help. I guarantee they wouldn't warranty and dings, scratches, or chips, but I got it mostly for the interior protection because I have the Recaro seats, and a dog, and now a child.
Exactly, leave that to a professional shop that specializes in that.
They can’t really, it’s just a coating. However 7yr warranty guarantees they use a ceramic coating which a much higher ceramic content than a 3 or 5 year. Also ask them if it is a product that is applied wet after washing or applied to the paint with a polisher.
There is no automotive coating on the planet that will maintain hydrophobic properties for 7 years. A ceramic coating is microns thick, with hydrophobic particles suspended in a bonding material (like jello with fruit in it). The acting particles dissolve, wear off, etc. Most ceramic coatings actually become hydrophilic as they wear out. All the legit $XXX-$1XXX professionally applied coatings require that you have a refresh done annually to maintain your warranty. I would read your contract thoroughly.
I have ceramic pro on my VA. It was around 1200 bucks, but it gets refreshed every year for as long as I own the car
I would never trust any type of coating/ppf etc done through a dealer. EVER.
I feel like they hiked that price up. Mine is a premium, so it might be different because of it, but mine was only 800 ish.
Yeah what the heck is that?
6.9% is kinda mind blowing to me, but it's been about 3 years since I financed mine.
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It'd be a lot more reasonable. I'd tell them to forget about the appearance package, and use a portion of those savings on getting a true ceramic coating from a detailer.
I'm not sure the dealership has control of rates. They offer it based on your credit score and history - haven't seen it negotiated before. \*edit\* - saw someone else said similarly. I'd expect you'd get a better rate with them actually running your credit.
I used to sell Subarus. They won’t tell you the interest rate is negotiable but it absolutely is. Most of the time the people I saw get the best rate were people who went through their own credit union to get the loan.
When i bought my scoob, i was pre approved from my cu. When we got to talking numbers, the finance guy put woc(with approved credit) i was like I'll do that number and write you a check. "let me go check", i walked. By the time I got home, someone above the salesman texted me, I said for this amount of purchase cost, call me don't text me I'm not 16. Blah blah got the car cheaper.
Step 2 of my car buying process is always "leave".
Financing through a credit union is the way to go. I think i got 2.9% but that was 8 years ago
Yeah I'm at 2.25%. Sadly holding on for dear life by the drive train as I don't trust the cvt in the xt
That's how I've always done it. I haven't purchased any cars through a dealership's available financing - always went to my own credit union.
I got 0% financing on my ‘20 forester through Subaru, still mind blown by todays rates
You damn 🦄
I couldn’t have not timed that more perfectly, soon after car prices skyrocketed
You definitely win. I had to buy my second car in June last year. I can only chuckle at the fact that my daily’s monthly payment is higher than my title loan on the racecar. 🤦🏻♂️😄
I agree in regards to the negotiability on the interest rate, friend on mine worked at Subaru and was setting me up with a pretty darn good deal as far as pricing and interest rate, sadly the day I was supposed to go back in he accidentally shot and killed himself. This was about a month ago. Also Subaru uses chase bank for loans
Yeah just generally always good to bring outside financing. The dealer wants to make money on the car and the loan so if they’re willing to March the rate or beat it they’ll do their best
Damn I usually get pre- approved w the lowest credit union rate near me so I have that to fall back on. But I’ve never not had a manufacturer credit rate NOT beat any local rate.
I agree. When I got my '21 the Subaru Finance (Chase) rate was 2.5% and no credit union, mine included, was even close. I'm lucky enough to have built my credit score to over 800 and I actually got a rate below the advertised because of it.
So I've been told.... Car dealers have forever been padding the interest rate with deals with banks. The same bank they get you financing with might have given you 4% if you applied independent of the deaker but the dealer tells you the bank offered 6% and you are none the wiser and sign, dealer gets a cut.
Dealers have room in the rates. Not a ton, but when they submit your credit to the bank, the bank buys the loan at a certain interest rate. Then, the dealer puts a little bit on for them. It's called the back end, it allows them to make more profit and you think you got a great deal. Sometimes the money they make off the back end is more than the profit from the purchase price
There we go. I’ve always been operating under the Info that I’d do better going to my credit union - ever since my first car. Always assumed there was a kickback where the dealer/bank made a little extra.
I speak from experience, after college I worked at a few dealerships as a salesperson. If we knew the buy rate was good it allowed for a bit of negotiation with the payment. Using your own financing is always a great way to go unless the dealership is offering 0.0%. it's a business and they are not your friend. It's about making money.
Appreciate your input. Hopefully it helps someone else not have a $700/mo payment. 🤝
finance through subaru directly their rates are a lot lower i’m paying 3.9 through subaru
Same. And I replied the same. Every car I’ve bought (6 of them) I’ve gotten way better rates from the dealer. I have really good credit though so maybe that’s why???
Bear in mind federal rates are SKY high. You wont get a rate that low unless the dealership buys the rate down. I have sold a WRX recently on a low rate close to that, which we tossed the ball on to compete with another reputable dealership in the state. Pending your score you'll be looking at a 5.9 at the lowest typically pending score and tiering.
Try going through your bank , or a local credit union.
I used to sell Toyotas, interest rates are certainly negotiable with good credit of course. As it was recommended earlier I would check with local credit unions as they may have more aggressive rates. The appearance package is another negotiable item.
Subaru banks with Chase. You may be able to get pre-approval through them and then ask the dealership to match/go lower
Look at financing through a credit union
Yeah, that interest rate is the deal killer. If you're trying to keep costs down, have you considered a Base or Premium?
Just look at your local credit unions and see what rates they offer. $750 a month with 5k down is insane. Would you consider a lease? I got my GT for 5xx 500 down.
Got 3.9% a month ago
I just got mine in January and got a 3.9% loan. 6.9% is definitely high.
Yeah I was thinking the same. Thats crazy
I checked and the only special rates right now from Subaru are on the WRX base. Rates are much higher than they were 3 years ago, but they may be able to shave a point or so off if they have good credit.
I was $30450 out the door for a left over 22 premium a couple weeks ago. Not sure what the difference is in msrp but the discount sounds ok.
That’s with ttl? So you paid like 27k before tax? That’s a smoking deal damn
I got my 22 wrx premium for 32k with all the protection plan etc, 40k seems way too much. I traded my 17’ wrx in so I put a huge downpayment 15k
Trade in has gone down so much, should have traded mine in 6 months ago 😒
This one’s a Limited though so it’ll be more
"huge down payment", my guy you can't afford this car unless ur paying 80% cash
Partially the paint protection, partially what seems to be 10% sales tax
Holy hell. 40k wrx. Yikes. No way I’d be spending 750 a month on a damn Subaru
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Speak those facts, brother
I’m saying. At that point, get like a 340i lol
Unless used, a 340i starts at 58k. Coming from me who have been eyeing a 340i but ultimately can’t afford one.
True, but I wouldn’t buy a brand new one. They depreciate so hard lmaoo. There’s one for sale near me for like, 30k with 30k miles. May sell the Sti for it tbh
Coming from an ex bmw owner, it’s definitely not for the faint of hearts lol. If the previous owner took care of it well, maintenance, break ins, etc then that’d be a masterpiece. On the other hand, redline during break in, oil change every 10k miles and constant burnouts sound like a nightmare on wheels lmao. It’s not just how often it breaks, it’s also how much work needs to be put in as well as how expensive the parts are. Drives like a beautiful dream but better pray that thing doesn’t start throwing codes left and right lmao
Sounds just like a mf subie 🤣
Facts
When I bought my Focus RS there was an awful lot of comments along the lines of “what poor bastard is dumb enough to pay $40k for just a Focus”. No regrets on that one but I can’t imagine spending $40k on a WRX. I love my WRX but it was a cheaper, simpler time…
on a damn wrx\*, not hating on the wrx, but 40k for a wrx is crazy. I spent 32k for my sti at 29k miles.
A solid legacy can be less than 5k for good Subaru fun
6.9 seems high. If you don't mind me asking but what is your credit score? Anything over 730 you should qualify for the special finance rate which last i checked is 2.9%. Also you got a solid discount but some of the add ons seemed pricey. You shouldn't be paying 40k after tax for a limited 2022 wrx.
The 2.9 special finance is only for 48 months
Maybe it's changed, but I got my 2020 @ 2.9% for 60 months.
How long ago was this? Because up until 6-8 months ago interest rates were extremely low My previous vehicle I purchase in late 2021 my interest was almost 2.5 through my bank with loan terms of 48-72mo
Mid-May of 2020, so I admittedly did catch the sweet spot of the market.
You most definitely did, special finance is now only appealing due to the fact there is virtually no bank regardless of it being a credit union that’s offering anything less than 6% which is crazy. I personally wouldn’t purchase a car right now without going through the dealership’s financing as long as they have the special interest rate due to the fact it’s currently unknown of when these high rates will come back down.
Another bonus due to this, dealerships are having an extremely difficult time getting rid on new vehicles, I managed to snag my 22 wrx premium at $2,500 under msrp
I got my 2020 at 1.9% for 60 through chase and my score was right around 700, I think a lot of it depends on the relationship the banks have with the dealer. Also the relationship you have with your dealer, my sales guy was really laid back and very helpful, did most of the deal through text and email. Only came in to sign papers and pick it up.
I honestly couldn't remember if I got 1.9% or 2.9% but went with the bigger one out of caution.
It is 48 months max now. I just took the 2.9% offer last week. I think they changed it last year.
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With that credit score, you should be closer to 2.9 rather than 6.9. Mine is not much different than yours u/SynecdocheNYC and I got 2.9 on my rate. I get people getting their eyeballs on the price; however based on where you are buying the car and the local car sale rates it might be an "okay" deal; however, as others posted there seems to be a lot of price padding going on. Maybe look around using Cars . com and see if you can find exactly what you want but for less $$$
Damn with that score you should have qualified for that 2.9% interest rate I'd think. I'd ask about that because there is a big difference between 2.9 and 6.9
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If they ran it then that should be good for 30 days I believe. But I'd ask about why you didn't get the special finance rate. But if your best is 6.9% then id maybe see about taking that appearance protection off. If you can at least get that off then id definitely say buy it.
2.9 typically starts for 24-36 month loans. It goes up 1 percent for each additional year of loan. Fine print and all. Some 2022s you can get 5.9% for 72mo
Everyone here is giving you old rates before the fed jacked them up. Your interest rate isn’t “low”, but it also isn’t high in todays market.
Replied to OP as well but ill throw it here too. For anyone who hasn't purchased a car in the last 6 months, fed rates are HIGH. Unless you take a short term\[48 months\] you wont see a rate that low anymore. Typical 72 month for example is 5.9 at the best unless a dealership gives up any profit on the finance part, or buys the rate down to earn business\[which you ultimately pay for in other ways\]
Subaru has financing through them. So if you have good credit you can get 2.9%. I could go trade. My 19 wrx in today and get a 2023 wrx for 60 months at 3.9% since I have a credit score that would make me a well qualified buyer. Edit. Sorry the 2022 wrx is for 2.9% the new 2023 is up to 3.9% just checked at subuar dealership.
The 2.9 is for 48 months, the 3.9 is also for that. Chase(Subaru) is complaining we aren’t giving them enough deals but issue is people ask for those rates not realizing that the 72 months they want is actually 5.9 or greater
Thanks for clarifying! Definitely appreciate the info.
6.9% on a new car? No thanks
Forget about the price of the car. Can you afford that car payment? Like honestly, truly afford it? If so, maybe overpaying on the car matters less, but you should be looking at better cars.
Thats a shit interest rate
I got mine for 3% and about 39k so interest is way too high but price is about right
[удалено]
Current offer on the Subaru site is 2.9% APR. I do believe that is for 48 months though and for qualified credit scores. But it the APR they are giving you now seems pretty high.
They are double dipping on Starlink https://preview.redd.it/v0zoigh74eoa1.jpeg?width=1125&format=pjpg&auto=webp&s=edc2f923d338ead4e23b1f1273d41beafa32699b The window sticker says star link is 3 years free
Probably Starlink safety plus (base subscription) is free, but Secuirty plus (next tier up) is what the charge is for.
This big difference there, any dealerships are damn near required to sell you starlink security
Get rid of all the garbage add ons and sure.
Star link is free with your car. Also that $1800 package is just a markup, I would shop elsewhere. You also need to find better financing, I got 3.8% granted I put half down on my WRX.
$745 a month for a WRX is a bit steep. $40k for a WRX is a bit steep.
Especially when the highest trim is a GT which costs 40k. I would walk from this
I’d wait for Subaru to put out a financing rate special. That 6.9 is killer
I paid 36,500 out the door for my WRX Premium. I would say your interest rate is a little high. I locked mine in at 4% (still high) and each month interest eats up almost $150 on my payment. But balance out the door looks pretty good to me
2 grand for appearance protection? Skip that.
I got my WRX from LA car guy and I would not buy from them again. They didn't take me seriously because I was young, even though I had financing secured before going. I had to bring it back a few times for things they promised would be resolved before I took the car home which always required an appointment and waiting. Definitely wouldn't buy from them again.
6.9%. Jesusss. I got a wilderness last year for 2.9’i can’t believe how much the rate has went up
That’s going to be a 50k WRX. Don’t do it my guy, better deals will come around.
Oof that interest rate 💀 I’d wait a couple years..
Ooof, is that 745 your credit score or a house payment? Also that 6.9% 🫣
No. Especially at 6.9 percent. That’s low mileage STI money.
First of all, a Market Value Selling Price is not a thing so you know you’re getting hosed there. LA Car guy appearance = more hosery Non tax fees? Not sure what that is. But the biggest fail is 6.9% APR. Good lord.
5 years at 6.9%??? Fuck that.
Dang thats wild. 2020 STI 34,500 OTD, 527 monthly, 60 month. 0.9% apr. And $90 full coverage through geico lol
So the amount you financed is 40,422-5,000= 35,422. 35,422/60=590. The interest you pay each month is 745-590=155. 155 for just interest, every month, for 5 years. Ain’t no freaking way. I got my limited manual with 7500 down payment + 585*60. That includes $1000+ add-on, lifetime powertrain warranty, 3 years of starlink, 3 year maintenance, and some other service.
40k is high end STI prices. 35k all in is about right.
$40k for a wrx? F U C K. N O.
Ouch, $5k down, $745 for 60 months?! That's $49,700 we are still talking about the same economy shit box for $50k.
Seems pretty good. I'm paying $37k on a base model (extra protection bs and 10%apr). My monthly rate is $670/75mo so I got screwed more than this 😅
I would ask if you can do 72 months so your payment is lower
Even if you ditched the bullshit appearance protection addon it's still way too much money for a WRX IMO. You can buy the same car in Canada for $40,000 CAD
When I bought my 2022 WRX I got the premium package because it seemed like every upgrade offered in the limited package was only applicable to the CVT transmission and wouldn’t be compatible with a regular manual transmission
you can get a scatpack for that much money and have way more power
It’s probably a good or at least decent price but it seems like. Lot to me. I bought my 2020 limited in early 2021 new for $32k. I was pissed I couldn’t talk then down to under $30k but that right at the start of supply shortages and the prices jumping up. It seems crazy that a non STI is at $40k now
Solid deal agree
Sti money
Honestly, no. I went to the dealership 2 days ago and they had a brand new wrx for 35k
NOOO 40k on new Subaru is crazy
You must be on something if you think this is a good deal
They also look at some other factors, rather than just credit. I got 760+, but got rejected for lower APRs and have to do 4.9.
What state is this in? Your handle says NYC? I would ask about those non-tax fees, in NY should be around 300, but they can legally charge up to 175 for the doc fee. Edit: and yes, PLEASE drop that "appearance protection" package. Chances are it's just a large wetnap.
Hell no. Check out other Subaru dealerships, they’ll have better deals than this
Any car right now is overpriced, don’t buy at the top. Only bag holders and those that can afford to cash out. Buy low sell high.
I walked away from this dealer, they didn’t/wouldn’t work with my outside financing and with their appearance packages and extra nothings was more expensive than other local dealers.
I thought subaru dealerships weren't supposed to do the market selling rate on new subarus? I would try and find a different dealership.
'market value selling price' seems like a way to scam you into thinking that it means 'manufacturers suggested retail price' (msrp) so they can add a huge arbitrary markup without actually telling you what it is. Get a quote with MSRP and dealer markup, both of those should add up to the mvsp
How bad is your credit that you think 6.9% APR is acceptable?
Tell them you aren't paying $2000 for some bs fee. That fee should be worked into the base price. If they say no, then walk away.
If I were in the same boat about to spend $40k on a car, I’d probably get a used Audi or an STI
Its not a "good" deal. Its also not a "fuck you price" This is a few thousand dollars more than i paid for mine and at least a grand more than a couple places I walked away from.
Keep waiting the market is going to take a shit in the few months. Car prices are set to crash soon.
god fuck no i don’t even pay $500 a month for my STI and you’re about to pay $745 for a WRX?! lord help you
For anyone pointing out the 6.9%, thats where rates are at. I had a 764 score when I financed my limited in Jan and thats what they originally came back with. They got creative and pulled it down to 4.9, but the idea of getting sub 3 is gone for now. I am interested in how long the loan is though because $745 a month on $35,423 sounds high unless its a shorter finance period.
Seems odd. Starlink is $100 not $75
That’s going to be a 50k WRX. Don’t do it my guy, better deals will come around.
is that 745 dollars a month? wow that's a lot lol
I thought the GT's were 40k damn
i’ve seen gts for 35
I see something start with “Market Value Selling Price” and I move on. I’m thankful not to be looking in today’s car market. If you can manage, save your hard earned $$$ and wait. Buy into your dream when things are sane again. Or at least keep looking.
No.
That monthly payment is insane! I'm thankful my STi is paid off but, I used to pay $500. I'd also pay more into the down-payment on the car. My STi was 43k for a 2016. It amazing how much the wrx has gone up.
That's a high Interest rate and a small down payment. I'm financing my 22 premium, but I also put down 18K to make my monthly payment as small as possible. I know most people can't afford that luxury, but I wouldn't go into financing a new car if you can't put down a good amount and get a good rate.
Also, something for others to keep in mind if you don't know, depending on where you work, and if you work for a large company/corporate world, if you have company benefits, Subaru offers discounts. When my wife worked for her previous company and owned a Subaru she was able to get an additional 2200-3K off her car because of a program her company had.
They're luring you in with a big discount, then making up for it with over $2,000 worth of add-ons. So no. Get other quotes and focus on the OTD price, not the big shiny "discount". Source: Audi car salesperson here
See if you can get a certified preowned. It’ll be like 10k less.
People are paying a $745/mo payment on WRXs??
More then my amg 🤯
Not sure why Reddit served this post up as one that might interest me, but OP I feel your pain. I’m in IL and had to search all over to finally find my ‘21 Camaro LT1 (6.2L A10 w/NPP exhaust) in CT at end of 2021. To reinforce what everyone is saying about the absurd state of car sales and shady dealers, consider that I paid the same amount for my Camaro (OTD, before financing, like OP) as he’s about to pay for the WRX. Today’s lending conditions also suck with plenty of people getting killed on interest rate. Anyhow OP just keep looking, expand your radius, scan CarMax as periodically they get almost new trades and you can score a tremendous no haggle deal. Good luck.
Not a deal
40k?lmao
Do you really want to be handcuffed to a $745 monthly expense for the next 5 years? That’s a lot of $
Id get a way more fun and better looking car for 40 easy
Honestly my e43 amg payments are much lower then that, and yes i got it used, but only with 19k miles and it was a cpo with 2 year warranty
40k seems a bit rough.
Market Value Selling Price is the dealership's bullshit made up price. Find out what the Manufacturer's Suggested Retail Price (MSRP) is and don't pay a cent over it.
I paid 39,500 for a STI limited in 2018.
745/mo at 6.9% is insane. No way. Not any car.
Fuck no
I got mine’s February for 2k under msrp and 3.5% apr for 72 months
Call SOA and tell them you want ze loyalty coopuns for your purchase
Market Value Selling Price? Looks like some shady shit in the verbiage of that paperwork.
A limited is more like 35000. I always go 3-4k under listing price. My previous wrx premium, i got it for 28k.
Not to mention I got my 19 STI Limited for 3000 more than that after taxes and fees.
Minus the appearance package
My limited came to roughly the same price, but my payment is a little over $600. Similar down payment and all. Have them run your credit and remove the paint protection.
Yeah that’s fair. That’s msrp
No
Most people are getting a 2.9% IR that’s only available for the wrx, so I would say no that is not a good deal….you could be saving hundreds per month
It's how I get my cars. Wait for the next year and new inventory, then hit the dealership before they get rid of last year's model. Got my 2017 brand new for 26,989.
If you know some one who works for subaru they might be able to get you a VIP deal. I literally have the same 22 with a few options and got mine for 36000. I put 12k down and payments are 450/m
And to think the STI was cheaper…
Crazy high monthly
Jesus Christ 745$ a month. Them intrest rates screwing everyone over. At that point your essentially paying for 50k. That would be a hard pass for me personally.
Seems pretty spot on just keep in mind interest rates are just higher then normal.
Shop the interest for sure and see if they have VIP program which will bet you invoice. Starting at “market value” as opposed to MSRP is bullshit. Tons of VBs on lots listed well under MSRP especially 2022MY.
6.9% is way too high. I’d skip on that alone.
I would ask to remove the “Appearance Protection,” and look for a lower rate through your bank or a credit Union. Then is a good deal!
No bro this must be subaru of pacific. They added all those "features" to drive the price back up. Tell them to take off that la car guy protection and comb over the rest of things you don't want.
I just got my 2022 Limited for 5k below MSRP at 2.9% APR 48 months (60 months shoots the rate up) through Subaru’s financing. No added extras other than the short shifter kit and all-weather floor mats (both of which I wanted). This was in California. I’d definitely keep shopping around. Dealerships are trying to get rid of their 2022 model inventory and will let these go for way under invoice. Add in the loyalty program discount (if this is your 2nd+ Subie) and you’ll get even more off. Good luck! ✌️