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Discussion Starter · #1 ·
Please share your finance experience for 2005 Scion tC.

Final Drive off Price: $19,961 (maryland, 5% tax....)

Down payment: $5,000

Interest Rate: 4.84

Credit point: 728 (rated excellent from equifax)

Auto Loan from: USAA Bank

Month: 48 month

Monthly payment: $343

Please Copy & Paste, and fill out the info... I thought i had a pretty good interest rate from USAA, but it seems as though some people are getting better interest rates from other places... thank you!
 

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Total loan: $19600 ($2K negative equity from trade-in)
Down payment: $0
Interest rate: 0%
Loan length: 12 months
From: Discover Credit Card
Montly payment: $260/mo till December '05, then lump sum to pay off the card.

P.S. Actually original loan was from Chase Manhattan @4.09% for 60 months, but I did a transfer balance to the credit card because of the 0% APR.
 

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Final Drive off Price: $19,777
Down payment: $8,000
Interest Rate: 5.05%
Credit Score: 729
Auto Loan from: SETF
Term: 36 months
Monthly Payment: $358.61
 

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Mine was paid for in full. No debt whatsoever.


Total Price: $19,279.39
Down Payment: $500
 

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Originally posted by Sesame87@Mar 28 2005, 09:31 AM
Mine was paid for in full. No debt whatsoever.


Total Price: $19,279.39
Down Payment: $500
Lady, pick a side - it's either paid in full, or there is a downpayment of $500
 

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Originally posted by basilisk4@Mar 28 2005, 09:39 AM
Does it count if someone else pays for your car?
Then someone else should sign up on the forum, cause they own the tC
 

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Final Drive off Price: $18,070
Down payment: $3,000
Interest Rate: 5.75%
Credit Score: EXCELLENT
Auto Loan from: SETF
Term: 72 months
Monthly Payment: $311.61
 

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Repo,

$15000 loan for 72 months @ 5.75% should result in $247/mo payments, not $311. Even $18000 loan is $297/mo for 72 months. Got a secret?
 

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Originally posted by Plissken@Mar 28 2005, 09:38 AM
I think she means deposit.
I'm sorry, I meant "deposit" but the manager, salesperson, and my father referred to it as a "down payment." My father paid the deposit and for half of the car while I paid for the other half together with one check.
 

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Originally posted by zoltiz@Mar 28 2005, 10:16 AM
Repo,

$15000 loan for 72 months @ 5.75% should result in $247/mo payments, not $311. Even $18000 loan is $297/mo for 72 months. Got a secret?
No secret, i could've gotten it at 4.3% for 60 months, but the Finance mgr talked me into the higher rate and longer term w/ the platnium Warrenty of 75,000 miles.
 

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Not to get away from the topic, but maybe someone can tell me how much i'll be paying after the 72 months are done....and if it was a stupid decision to go for the longer term, even if i have the BETTER warranty.
 

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I don't know if it was "stupid," but you'll definitely pay significantly more over the term of your loan in interest than will someone with a shorter term. Also, long-term car loans have never been attractive to me given that by the time a 5- or 6-year loan is paid in full, the car is essentially worthless. In addition, you will owe more on your car than it is worth for essentially the entire term of the loan. Personally, I also abhor the lack of flexibility in having to pay on a car for such a long period of time.

As long as you never miss a payment, though, it probably won't matter much, and you can always pay the loan off faster if you want to.
 

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Final Drive off Price: $18,717.68
Down payment: $0
Interest Rate: 6.0%
Credit Score: EXCELLENT
Term: 72 months
Monthly Payment: $314.89

Once I get my new job I am going to pay $600.00 a month to pay off quicker.
 

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actually, i dont feel like giving you that much information about myself. sorry.
 

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Penfed.org has THE BEST financing around, seriously. lol All you have to do to become a member of the credit union is sign up with one of their member organizations. They show you how on the website if you don't qualify as a worker of the FED. anyway, regardless of your FICO/Credit Score, as long as it's over 620 and you have good credit, you get the same rate as everyone else 3.9% for up to 60months with anything financed up to 19k. Anything 20k - 100k for 72 months is 4.75%. It's an awesome financing programs. . .. you can even put tax and all that into the low w/no down payment.
 

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Discussion Starter · #19 ·
hello everyone,

lets stay with the topic...

also, from my research, no car is worth it if you're paying more than 48month... 36month is great, but high monthly payment...

but again... please share your info, so everyone can compare and maybe refinance.... "yes" if you feel like you've been ripped off.... you can re-finance your loan... especially online auto loans such as "e-loan.com" has a pretty good deal...
 
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