Colorado Subaru Car Dealers

The finance guy ran everything with my Dad as a co-signer and sure enough the best he could do for 72 months was 3.9% with both of us on there. So I'm just gonna do it myself, and not owe my Dad anything. ;) The deal I got was this: 2011 Forester Premium, Auto, with all weather package and bumper cover, luggage cover, cargo tray, and plate bracket. MSRP, incluidng destination: $26,082 I paid $23,175 plus the dealer fee of $324. From what I can tell the invoice is $24,675, so it seems as though I did OK. I didn't have to do any haggling for this price. I requested quotes through edmunds.com and this was one that I got after I went back and forth with the dealer a couple times about the model I wanted. Other dealers wouldn't beat it, so I went with it. Thanks again for your responses. Pat

I think the average APR last time I looked it up was 5%, so it seems like he gave you a rate that was more than fair, anyway. Plus, dad co-signs, you know you'll owe him something. Or at least he'll never let you hear the end of it. LOL

It's hard to say. Your credit must not be too bad if the rate came back at 4.19 for you alone. Depending on the quality of your father's credit, he might pull you up sufficiently. I co-signed on a car with my brother (who has very little credit history and a marginal score at best) because the dealership was looking to charge him 14.9% on a loan (this was back before the economic crash when auto loans were typically in the 6-7% range for great credit). I think he ended up going with a 7.9% offer through a credit union with me cosigning (13.9% without), but the original dealership came back with an 11% offer with me on the ticket. I told them to take a hike. We neither financed nor purchased from that dealership. The dealer should be able to run the credit report for your father and offer a rate before issuing the loan application. Only after you have accepted a financing offer would the documentation need to be mailed out for signatures. I purchased my last two Subaru vehicles 2,200 miles away in Seattle, and both times I financed them and left home with all paperwork completed and license plates in-hand. When I arrived at the dealer, all I needed was a key. ;)

Hi everyone, I put a deposit on a 2011 Forester Premium Auto yesterday at a dealership near me in Massachusetts. Very happy with the deal I got - sent it around to other dealers that say they beat other dealers offers, and nobody wanted to touch it. The internet sales manager was great to deal with, and everyone at the dealership was pretty helpful and nice. In going through the financing, however, something happened that I wasn't completely comfortable with, and I wanted to run something by the group to see if I was being told the complete truth. I'm planning on financing close to the whole amount, either for 60 or 72 months. The current promotional rate Subaru is offering is 2.9% for this time period. My credit isn't great, and I was planning on having my Father co-sign with me to help get the best rate (the 2.9%). The finace manager a the dealership told me that even with the cosigner, I probably wouldn't get the best rate because they would take/use some combination of our credit-worthiness. He was able to get me a rate on my own of 4.19%, and thought the best we would do with my Dad on the loat was 3.9% so he thought it wasn't worth it. My parents live in NY, and we would have had to overnight the credit application to them and have it overnighted back. I understand his logic, and the difference between 4.19 and 3.9 is pretty marginal, and I'm fine with getting the 4.19 if the best I could do with a cosigner is 3.9. But I got the distinct feeling he just didn't want to bother with the overnighting and/or he didn't want me to get the lower rate (the 2.9%) because that's less money for the dealership/Subaru. I guess my question is - would I really not get the 2.9% even if I had my dad as a cosigner? Does that seem correct? I'm really interested in hearing what people think. Thanks! Pat

I realize that TX is not as competitive a market as here in CO, but that seems high to me. I bought a NEW 2010 Ltd in November '09 with Homelink, rubber mats (trunk mat too), hood and sunroof deflectors, mud flaps, iPod/Bluetooth connection and PZEV (not required but saves me ever having to get the smog test done) for $25,200. They didnt' have the color I wanted in stock but I only waited a week to get one in. Short answer; $23,000 is too high when for another $2K-$3K you should be able to get a 2011 model with NO miles. easypar