I just put a deposit on a 2019 Sport w/ CVT for 72 mo @ 1.9% 0 down 296 a month. That's the total. Is that a decent deal?

 

If you want to play that game, it's probably more worthwhile to post what you paid for the car BEFORE Taxes, Title and Tags and trade in if any. Those things can affect the out the door and finance cost.

The interest rate is on par with what Honda is offering these days. Were any sweetners offered since you're buying a car during the corona?

 

Looking around the best interest I was gonna get was over 3%. So the 1.9 seemed enticing. They didn’t come down on the msrp which was showing as 19,230 because it’s the cvt I imagine. The total is like 21,230 With the 296 x 72.

No other fees or anything that’s everything wrapped up. I do see when doing comparisons that the average purchase is lower but that might be concerning manual trans or a different state. Idk I’m in Ny. This is why I ask. They don’t seem to be offering anything else in the way of competition my sales man sounded like a raspy Joey Diaz. Tried saying someone else wanted it and whatever just being a salesperson.

In any case I haven’t signed off on it yet I have a jetta lease ending around the end of the month and they offered to take the turn in and etc since they have a VW / Honda branch. Which saved me from driving the car 100 miles back to the original dealership.

Consider me a noob. I figured the lower interest was a corona incentive. In any case I emailed my quote to another dealer with the same model to see if they could spark a competition.

I realize that most dealerships are full of it. Thus I’m here looking for fit help.

 

You paid the sticker price. It's not a terrible price but you shouldn't have problem finding dealer that would come down about $1,000.

TrueCar.com is showing average of $18,428 for your zip code (Sport with CVT)

 

I got him to come down $500 after comparing with another dealership. Helps compensate the acorn damage to my jetta lease. I also get deferred payments for 3 months which is cool.

 

$500 off MSRP?
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​​​​You were, in car sales parlance, a "lay down". That's a terrible deal.

 

When I was ready to buy I decided what was a fair price and I called dealers and told them I'd be there in a half-hour if they could take that deal with no BS extra charges whatsoever. These days I'd tell them I'd record the call and give them a credit card number and it's a legal commitment and see what they say.

It's a recession, people aren't driving and wearing out or crashing their cars, 20% of people are out of work and dealers are stuck with cars they're paying interest on. It's so much a buyer's market. The dealers should be happy to just get their money back on cars they're paying for that they can't sell. There are a lot of Fits on dealer lots in Rochester.

 

It really doesn't matter what others pay or have paid. It's what dealers in your area will sell you a car for at the time you're looking. Unless you want to drive to another part of your state or even another state you will pay the local price.

If you're happy with the deal, then take it. If not check eBay, use True Car to get dealers to bid on your purchase or use a buying service such as Costco

 

Exactly, which means you should have gotten a killer deal... and you did the opposite. You paid sticker price...

Just to give you an example, 2 weeks ago I bought 2020 WRX base model. Sticker price was $28,811, I got it for $26,950...
When I bought my 2013 Fit Sport in November of '12, I paid $900 off of sticker price. And that was when they were selling like hot cakes...

 

There is a web site, www.autotempest.com Gives info from 4 different sources, both new & used. You type in your zip code, make & model, and say within XXX miles and see what pops up. You'd be surprised at how the prices vary. If you'r e willing to travel some, you could get a screamin' deal on a car.

 

Id say so. After all is said and done, youre looking at 21k total (interest included). For perspective, my interest rate put my total purchase price at some where near 26k total.

 

Just because your deal was absolutely awful doesn't mean his was good.

 

Jesus! What is your interest rate? 12-15%?

 

if you'd like to do the math (and if i remember correctly) before loan interest i was out the door at ~$17.5k (tags, title fee, and taxes included, no floor mats).

 

Okay, I did the math. $17.5 purchase price, $26k total payments, assuming an 84 month loan and zero down, that's a 12% interest rate. 14% if it's a 72 month loan, and 16.8% if it's a 60 month loan.

 

So his credit score was likely well below 600.
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Either it was his first loan ever and he had no credit history, he just got divorced, or declared bankruptcy.

Or he just got taken in the finance office.

 

Odd.. Something doesn't read correctly. I need to go dig out the paper work.

 

Responding to your unedited post:

Compound interest.

 

I don't get it? You're all trying to make yourselves feel good by making others feel bad. Does it make you feel good or smart to point out you bought your car for a better price or that you have a better credit score than someone else? Granted the OP put it out in the world, which opened himself up. Most of these people just want affirmation that their deal was good. He has one post so everyone must have scared him away. Another explanation is that is was just a troll thread and everyone bit.

 

In all seriousness, he asked the question.