Someone wanted to take you for a ride..."that is BMW scratch"? wtf is scratch?
:disappointed:
900$ a month is good?!?! WTF are you rich?

 

wtf is scratch?

scrilla.

 

Probabaly the most incomplete post I've ever read. A $37K loan at 2% interest for 36 months at $900 a month is an awesome loan. How about telling us all the terms of the loan before you go throwing a dealership under the bus for no reason. Complaining about the monthly payment without the rest of the details is completely useless. Someone's monthly payment amount is 100% irrelevant.

I guess if I'm paying $900 a month with no interest and will be done in three years, and you pay $400 a month at 6% interest for the next 8 years, I assume you think you got the better loan????

 

Do you even math, bro?

36 months... $37,000. At ZERO interest, no costs, taxes, nothing added, that's 1028 a month.

 

 

Took my 12 year old to the dealership with me when I bought my car. What I taught her is cars are bought via price negotiated and also what they give you for your trade. They came within $500 of my minimum acceptable amount for my trade but I stood firm and asked for my keys so I could leave. Suddenly, the deal got done on my terms. Sales guy asked me what I wanted my payments to be. I said ideally, whatever the price of the car is minus my trade divided by the number of payments.

 

Before buying my car I did basic research, this is the most common buying advice: focus on prices not payments. I do not even think financing should be in the initial negotiations, its none of their business whether you got cash on hand or not. A clever response might even be to act offended if that gets questioned during initial discussions.

 

That sounds like a 48 month term with low interest rate after taxes title registration


2015 Focus st2 MM
Stage 3+ suspension and aesthetics.

 

Math. OP does not get it.

 

well just like every other car that cost 37k, your monthly payments will be the same, same if you got a mustang premium GT. it shouldn't be surprising that a basic BMW can be bough for about the same price. but if you want the highest performance version of their small car, then your going to need to fork out at least another $15k for a M2 and even more if you want any options.

also a lot of people that buy very expensive cars, dont finance the entire thing, they usually either have a trade or a good chunk of cash to throw on a down payment, throw $10k toward it and the payment starts to fall.



so are you actually saying that the RS is not worth over $36k? because honestly that kind of power isnt too bad for that price, the baby AMG that is barely faster than it cost almost twice as much. heck, one of those with 0%interest for 4 year would be over $1600/mo.

 

do you even down payment

 

If you are spending $900 a month on any car, I expect you own your home and have no real debt. Otherwise....

 

Or you're making 6 figures and shouldn't get a car loan in the first place. Lol


2015 Focus st2 MM
Stage 3+ suspension and aesthetics.

 

Pro Tip: NEVER walk into a dealership without having alternate financing available. It's your best bargaining tool.

 

Absolutely. I was preapproved for my 2014 as a 3 year old car, 3.8% interest over 60 months through my financial institution, USAA, and knew up front what I was getting into.

Using this data, the dealer's financing manager was able to use the negotiated final price, contact banks the do business with and say simply "Can you beat that?" and they did, so I got a loan through Bank of America at 2.8% with a relatively low processing fee on a 3 year old used car, which is a very respectable rate on any used vehicle.

 

Take a much longer payment plan and put a few thousand down. Ain't hard to get low payments.
I took a 75 month lease just to get low payments because I was in a new job and wanted low payments in case I lost it.
I plan on paying it off in about 3 years from purchase date. Loan was through my credit union so no early pay off penalty.

 

Yeah I get what you are saying, and I agree with you as much as what I said. Just depends on the person. I'd rather invest being debt free even if it slows things down a bit. (I've made a lot of life changes to fix past issues with debt)


2015 Focus st2 MM
Stage 3+ suspension and aesthetics.

 

HAHAH WE'RE JUST HERE TO HELP OP!! :wink: Good luck with the car!

 

Never buy a car based on a payment. it's called stealership math. they will always jack you around and its where they screw you. you should know the price you want to pay and do your own payment calculator. I'm guessing there's an app for that. I've walked out of many dealerships before when they play math games.

the last new car I bought a few months ago I did completely online with the sales person. they tried their math games and I called them out. excuse was well the finance guy assumed you would want an extended warranty. I basically said this is the price I'm paying this is the payment that I expect to show up on the documents. if we are on the same page I'll pick the car up Saturday. he agreed. showed up on Saturday. met the sales guy and walked me to the finance guy. looked at the paper work that said exactly what I expected. was at the dealership for totals of 45 minutes.

Lesson here is never let them do the math.

Sent from my SM-G950U using Tapatalk

 

(Dealership perspective)

I'd like to point out that this is dealership dependent. At the dealer I work at, we work off of a client's budget to see what kind of vehicles their budget allows for. I had a guy come in looking for an SRT Grand Cherokee but only wanted to pay $500 a month. No matter what term or finance rate you get, you're not buying an SRT at that budget without $50,000 down.
For me it's a helpful factor in deciding whether you're out to lunch or not. And while it's not popular with the very few people who understand how to properly calculate their payments, it's overall useful.

That said, we also don't take a budget and inflate a cheaper vehicle with a bunch of add-on nonsense. If a vehicle costs $xx,xxx, and it costs $xxx a month, that's what you pay, provided you want no add-on's.

 

Anyone else notice the op has not been back?

 

I was starting to wonder this back in page 2 even. Think Im gonna call shenanigans, there is no way a sincere person would be so ignorant to the way an actual loan works. So looks like we got a troll poorly attempting an attack on the RS's price. But on an ST forum & RS's are actually a good price for their power.

There has actually been a good amount of advice in this thread. I think OP is the real fool.

 

Looks like the OP ghosted. Lol


2015 Focus st2 MM
Stage 3+ suspension and aesthetics.

 

on 40,500 my payment is 683$ zero cash down

 

I can't understand the original post or when it was 'explained' but that's ridiculous. I'm 24 and I pay $500 a month

Sent from my SM-G955U using Tapatalk

 

I am paying $1,000 a month.. Who cares? No one except me, my creditor, and my credit rating.

 

Yikes! Please tell me that was a 36-month loan with a small down payment......

 

LOL my '17 Raptor isn't even that much :haha:

 

Never once gave the raptor any attention. Then I learned it was made by the same "special vehicle team" that made our ST. Now owning a Raptor (along with my ST) is something I dream about. Seems like it would make a perfect complimentary vehicle for those moments a truck is necessary.

How much did your 17 Raptor cost? Thoughts, comments, opinions?

 

Yup...thinkin bout getting one here too. Nothing sweeter than a magnetic raptor beside my magnetic st in the garage.

 

payment on my 2016 fusion titanium is $189/month and it's faster than an RS highest car payment I've ever had was $702 on corvette z06, you must have bad credit lol.

 

I had to really defy my typical logic in purchasing cars in order to get myself to 21.5K on my 2015 ST3 with light mods (this was in early 2017). I justified it that I needed 4 door daily driver but something decently sporty with good aftermarket I'm not that old yet and the interior, accessories/entertainment, and mileage/build quality were leagues beyond any car I've ever purchased before (my brain was reminding me I could get a low miles, 2.3 TVS, bolt on, aftermarket wheels and goodies 03-04 Cobra and literally stomp the **** out of every car on this forum or a C5 Z06, etc. etc. etc.).

I honestly don't know how guys mentally get to high 30s, sometimes low 40s out the door on a FORD FOCUS. I sat in an ST, it's the same exact **** as my ST3 (obviously huge difference in powertrain, but 95% of your interaction is with the interior, seating, navigation, etc.). $40K buys a HELL of a performance vehicle, new or used. Not to mention you're going to get hammered on insurance for the tuner car. If it makes the owners happy, more power to them, they are the ones writing the check not me, I just don't get it. I got to Stage 3 and dyno tune this year, I'm going to try and do the last of the possible bolt ons little **** like throttle body, intake manifold, WMI, maybe hybrid turbo and add LSD next year. If I find I've just hit the wall with the car and where I want it to be, I may entertain stopping spending money on this and waiting for super low mile used RS pricing to fall...it will, always does. I'm not a big fan of BT builds, done enough in my day just not for me. To me, if I'm doing a built motor and bigger power adder than stock it probably means I need a better starting point (new car).