How did you finance your Scion?

The Scion website just updated their APR rates.

Scion rates.
http://www.scionsolutions.com/posses...inance_buy.jsp

I want to go with TFS, but dealerships may try to screw me or something. My credit rating is over 750 though but still, dealerships just want more money, IMO.

I could go to my Bank or CU, but their rates are at 6% APR for 60months. While I can be qualified for 4.60% for 60months....ARGH!

 

And if you did went with your bank or CU, how was the process?

Did they gave you a blank check to give to the dealer ship with the amount to be finance?

How about a purchase order? Do you need one made up from the dealership or you used Scion.com's printout and gaved that to your CU before you went to the dealership?

 

I financed with Toyota and got the 4.5% (it was before jan 5, when they bumped it a whopping .1%).

The way our dealership works is if someone wants to go through their back or credit union, we do an "option contract." They fill out the paperwork and the DMV stuff here at the dealership, and then we set it up like they're going to finance through Toyota. Then, we give them a week to go shop the toyota rates with other lenders,and if they can beat it, great! Bring us the check, and we'll send the bank or CU all the paperwork.

If you're getting 6% with a 750 score, that's not too bad, but it's not great either. With that kind of score, most CU's in san diego will be able to get you low 4's at least! Which bank did you use?

 

i walked right up in there and put the briefcase full of cash down and said i want that viper right there!! they took the cash and counted out the 15,000.00 in 1 dollar bills, and said "you don't have enough for the viper, sir" "but you can buy this beautiful new scion xb if you want it" and i said "doh" well here i am with a scion.

 

I'm not in the san diego area. I'm not a big fan of big banks. I think I may go with that "option contract." I have to contact my dealership first if they have that option. Thanks for the info.

 

no worries.

 

eloans.com :D

 

www.capitaloneautofinancing.com is offering 4.29% for 60 months, but there are somethings to go along with that. You have to fill out the online form ( if you call or use snail mail, you get bumped up .25%, and if they mail you your payment, you get bumped up .5% ). To me, if Toyota is offering 4.6% ( which im really ____ed off about now, cause the dealer told me that with a credit score of 738 i only qualify for 5.5%) then i would go with Toyota. MAN I CAN WAIT TO TALK TO MY DEALER AGAIN :twisted:

All in all, to everyone out there in scionlife land, i thank you for all your information, and i would have to say, that it appears that my Scion dealer has one thing on his mind, to make more of a profit off me then is usually allowed by Scion. Thank God for this site and all who have given me the CORRECT information, this should prove to be an interesting purchase.

<== Man, im really F*ing ____ed now

 

it was a case full of benjamins for me well they all came from my dads case but it was a case full nonetheless

 

TFS for me.

before the bump, and I think i got the lowest rate available.

 

none of the above i went peoplefirst.com