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You are in the Prices Paid - Buying & Leasing Experiences
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Subaru Legacy, Sedan, Wagon
Oct 04, 2008 (10:43 am)
Whats the interest rate on 2008 Legacys right now? I went to Subarus website and it said 0% but didnt say if it was for 60 months or not.
Tell me what you guys think if you think its stupid or not. I have 2008 i limited right now that I bought in December with 60 months 5.9% APR. I have around $15,500 right now to pay off. I want to get 2008 2.5 GT model. When I was in dealership getting a oil change I asked the sales person if I can get a rough estimate how much the GT will go for. He just gave me rough estimate and told me I can get the GT for $28,000 before TTL. My trade in was around $17,000. Im sure I can lower the price of the car and try to get more for my trade in. Do you think its possible to get around $350 monthly payment for 60 months If I traded my car with GT with 0% financing? 5.9% interest is way to high but I had no choice and thats whats bugging me. I can get 0% and save that 5.9% and get better car. What do you guys think?
#658 of 1010 Re: Finance [oppamen]
by kyfdx@Edmunds HOST
Oct 04, 2008 (2:23 pm)
$15,500 current loan
$11,000 New car minus trade-in value
$1,000 Sales tax (estimate)
$27,500 Amount financed
60 payments at ZERO% = $458.33 per month
Thats' assuming 0% is available for 60 months.. I have no idea.
5.9% is not a bad deal on a car loan.. maybe not the lowest, but not bad.
#659 of 1010 Quote on 08 Legacy 2.5i SE AT
Oct 04, 2008 (8:56 pm)
Hello everyone, has anyone happened to ask for price of the 08 Legacy 2.5i SE AT cars? A dealer quoted $19700 before tax, doc and registration fees. Note sure it is good. And one of the fees is called ETCH. It costs about $149. I never heard of it. Thanks.
#660 of 1010 Re: Holdbacks? [connieylee]
Oct 05, 2008 (7:38 am)
No. I did speak to a sales rep there who verified that the pricing is legitimate. They also offered to handle the transfer of the NY plates and registration for me. I searched and could not find any customer complaints on them (unlike the multiple complaints I found about another out-of-area, high-volume dealership). They seemed very well-organized and businesslike over the phone. I tried to use their pricing to do better with the Long Island dealers and found that it got me another another $200 or so. When I narrowed it down to two LI dealers, I couldn't get either of them to go below $22,900. Part of that might come from the fact that both offered me about $500 more on my trade than (as I later found out) prevailing auction prices. Another factor is the higher cost of doing business and lower volume for LI dealers vs. Fitzmall. In the end, I chose to go with a dealer very close to my home. For me, it was better to sacrifice the lower Fitzmall price for the convenience. I bought two '08s at the local dealership and they've treated me very well with the service. However, if I lived closer to Fitzmall, I'd probably try to take advantage of their lower pricing. Hope this is helpful.
#661 of 1010 Re: Quote on 08 Legacy 2.5i SE AT [ala2008]
Oct 05, 2008 (7:50 am)
I'm pretty sure people were getting those prices on the SE a number of months ago when the car business wasn't in the tank, the model year was younger and people didn't know that the '09 SE would have upgrades like the Harman Kardon stereo and VDC. Remember, the '09s are out now and the Legacy is due for a major overhaul in 2010, so what you're considering is essentially a "leftover." (I read something to the effect that the 2010 model is going to be larger to compete better with Accord, Camry, etc.) With the economy the way it is, I think that any serious buyer walking into a car dealership today should be treated like gold. You should bargain very hard. On the other hand, if you need financing, the dealer will be holding some of the chips.
ETCH might refer to some number (VIN?) that's etched onto the car's glass as a tracking mechanism if it's stolen. To me, it's another gimmick primarily to boost the dealer profit, like rustproofing, etc. I'd be leery of any dealer that tacks this stuff on without an explanation. If you want the car, you should make like this isn't even there when you negotiate. The dealer should eat it because it probably costs him little or nothing. Good luck with your purchase.
#662 of 1010 Re: Quote on 08 Legacy 2.5i SE AT [longislander1]
Oct 05, 2008 (6:33 pm)
Thanks very much, longislander1.
It's very helpful.
Like what you said, I should and shall bargin very hard.
#663 of 1010 Re: Finance [oppamen]
Oct 06, 2008 (3:40 pm)
When I was purchasing my Legacy a couple of weeks ago, I inquired as to how far out the 0% financing goes on the 2008. I was told it goes out only 24 months. Beyond that, it was 3.9% up to 60 or 72 months. I ended up buying a 2009 Legacy and financed through Subaru (JP Morgan Chase) for 4.9% for 72 months.
#664 of 1010 Re: New Subaru Owner [jdljr]
Oct 08, 2008 (12:36 am)
Congrats on the new Subie. Just a word of caution though, if you had snow tires on the Civic I'd still recommend them on the Subaru.
#665 of 1010 Re: New '08 Legacy 3.0R Limited w/Nav and VDC [sainteyegor]
Oct 09, 2008 (9:19 am)
Congrats. Sweet car.
#666 of 1010 Re: Quote on 08 Legacy 2.5i SE AT [ala2008]
Oct 09, 2008 (11:46 am)
I bought mine (08 SE AT) at the end of July for $18999 before TTL. I thought it was a decent deal then. Just FYI. Not sure about the market as of now.