first thing i'm gonna do is have them work up what i would b lookin at as a monthly payment for a 72 month term. i doubt i'll b able to swing that, so i'll have them figure up some leases, too. could u guys help me with what would b a good lease deal? i just don't wanna get bent over too bad with a lease, so i'd like to know what u guys think would b viable. thanks, guys.

 

I'm not sure what you expect to accomplish here. It will be difficult for them to work up any numbers at all, lease or purchase, given that nobody knows yet what the STI will be sold for.

But I would highly recommend looking at www.edmunds.com and www.fool.com for information on how to negotiate a car purchase or lease. There are a lot of tricky of things dealerships can do and it would be to your advantage to know what they are.

Also, be careful about becoming too fixated on monthly payments. You can wind up ultimately paying $45K for a $32K car over time with low payments and strange financing - this is not real smart. Instead, worry about getting the price of the car down, this will automatically lower the monthyly payments.

 

i definitely agree. i'm lookin to go in and get my name down for an order, w/ a deposit, so they know what i want. hopefully, i can get a msrp agreement or something.

 

What whipsaw said is all true, but good luck getting the price down. And if this war doesn't end quickly, interest rates my not be as freindly come STi time. 72 months is a long time. You'd be upside down so long you would swear you were a bat. You couldn't even think about trading the car in. There is no way they are going to even waste their time calculating with fictitious numbers just to give you a good idea onlease payements. First of all, they would need to know MSRP and residual values. Neither of which is available. Plus they would have to guess a finance rate. To be honest, if you go in there requesting this info and mention that you won't be about to swing a 72 month note, they are going to assume that you simply can't afford the car, and thus not likely to buy it. That couple with the short supply of STi's and the fact that most of them are spoken for, there is just no motivation for them to help you out.

Purchase
72 mths, 6.5% tax, 7% APR, $32k sticker = $581 = $7700 interest
72 mths, 6.5% tax, 10% APR = $681 = $11400 interest

Lease
Term 48 months, residual $12k, APR 8%, $34800 financed =
$636.61. With 4% APR = $554

I'm just radomly throwing interest rates. Do your own math.
Lease
http://www.efunda.com/formulae/finan...se_payment.cfm
Buy
http://www.efunda.com/formulae/finan...calculator.cfm

 

well, i would hope the residual would atleast b at 52% after 36 months like the wrx. that would make the residual 16,117.40, not 12k.

 

Yeah, but you are going for the lowest payment, right? That would mean 48 months, not 36. But for grins, let's plug $16117.40 in with 36 months. Using the same interst rate your...

48 month lease with $12k res. value
$637 at 8%
$554 at 4%

becomes a whoppin'

36 month lease with $16117.40 res. value
$693 at 8%
$606 at 4%

 

yeah. if i can get a good apr, i could get a payment for less than 500. we'll see; we can't really figure out anything now. if residuals r high, which i don't know why they wouldn't b, leasin could b an option. these figures r horrific though.

 

Interest rates are as good as 4.00% and average is 5.5% to 6.0%. expect to pay about 550 per month on a sti provided the car cost 35k or less and you can put 20% down. dont lease this vehicle you will get hosed. a 72 month plan is only good under one circumstance. that is you MUST make principle payments every month to pay off the loan in under five. go ahead. use the 72 month loan to get the car. just be aware if you dont make principle payments. you could pay ll,000 dollars more for the car. and you cant get that back. plus the depriciation of the car is another factor. so the total loss in reality is 11 k plus depriciation.

 

damn
that sounds pretty crazy to me..

i ll go to bank of mom's and get a loan..

J/K