0% financing question-salesman can't possibly be right - Subaru Forester Owners Forum
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post #1 of 15 (permalink) Old 05-18-2017, 02:59 AM Thread Starter
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0% financing question-salesman can't possibly be right

I just put a down payment down on a new Forester. The salesman tells me that I don't qualify for the 0% financing because I paid less than MSRP, and the financing deal is only for those who pay full price. That sounds ludicrous! I'm going to look up the online details to bring in at the time I take delivery, but has anyone else had this, and if so, why would the salesman care?

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post #2 of 15 (permalink) Old 05-18-2017, 03:45 AM
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Originally Posted by mikenancy1 View Post
I just put a down payment down on a new Forester. The salesman tells me that I don't qualify for the 0% financing because I paid less than MSRP, and the financing deal is only for those who pay full price. That sounds ludicrous! I'm going to look up the online details to bring in at the time I take delivery, but has anyone else had this, and if so, why would the salesman care?
TOTAL and complete ********.

I used the VIP program for pricing which is substantially less than MSRP. It's invoice or 2% less than invoice. 0% financing was no problemo.

Run, don't walk.

They are trying to get commission fees from alternative banks, to make up their MSRP shortfall, that aren't Subaru/Chase.


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post #3 of 15 (permalink) Old 05-18-2017, 03:47 AM
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It actual depends if any rebates are on the vehicle then it is in lieu of those rebates. Should not effect invoice pricing but usually it is zero percent or rebates which ever you choose.
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post #4 of 15 (permalink) Old 05-18-2017, 03:55 AM
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Big load of BS. The only reason you would not qualify is poor credit. I would call SOA and tell them of the sleazy salesman and demand correction


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post #5 of 15 (permalink) Old 05-18-2017, 06:10 AM
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So, did the 0% financing continue into May? I don't think there are any rebates on Foresters from SOA, so it is not likely that any rebate would cancel the low APR.

As others have said, RUN, don't walk away from that dealership. Too shady for me!
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post #6 of 15 (permalink) Old 05-18-2017, 09:16 AM
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What is the name of this dealership so those who are car shopping can be aware.
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post #7 of 15 (permalink) Old 05-18-2017, 01:14 PM
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As stated, complete hogwash, salesman BS.

17 Forester Touring 2.5i
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post #8 of 15 (permalink) Old 05-18-2017, 01:15 PM
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As others have stated... Huge pile of bullcrap. HUGE!

Go somewhere else. This dealership is going to rip you off no matter what.
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I know nothing.
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post #9 of 15 (permalink) Old 05-18-2017, 02:13 PM
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Big load of BS. The only reason you would not qualify is poor credit.
Truth.

HI! I'M MR MEESEEKS! LOOK AT ME!
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post #10 of 15 (permalink) Old 05-18-2017, 03:11 PM
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That is huge red flag. I would re think the price quoted by them.I hope you are not being ripped.Read the 2017 Pricelist in here and compare the prices..Given u r closer to Chicago,there are lots of dealers who should be competing with others for your purchase.I would be cautious with them

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post #11 of 15 (permalink) Old 05-18-2017, 05:18 PM
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Get his @$$ fired and tell the GM of the dealership. Some people just shouldn't be selling cars!

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post #12 of 15 (permalink) Old 05-18-2017, 07:32 PM Thread Starter
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Update from original poster

Update: Salesman says he checked with finance, and learned I do qualify after all, which I knew all along. But he says it will depend on when I take delivery of the car, which is inbound to the dealership. So even though I signed the Retail buyer's Order yesterday, he said the date of sale isn't until I take possession of the car, which should be later this month. If it's later than 6/1, and Subaru decides to discontinue the 0% deal as of 5/31, then I can't get it. This actually sounds plausible, but does anyone know if it's correct?
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post #13 of 15 (permalink) Old 05-19-2017, 04:22 AM
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This would be correct. It is based on when you actually take delivery of the vehicle. Reach out to SOA customer service, though. They may be able to tell you if 0% financing will continue into June.


Quote:
Originally Posted by mikenancy1 View Post
Update: Salesman says he checked with finance, and learned I do qualify after all, which I knew all along. But he says it will depend on when I take delivery of the car, which is inbound to the dealership. So even though I signed the Retail buyer's Order yesterday, he said the date of sale isn't until I take possession of the car, which should be later this month. If it's later than 6/1, and Subaru decides to discontinue the 0% deal as of 5/31, then I can't get it. This actually sounds plausible, but does anyone know if it's correct?

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post #14 of 15 (permalink) Old 05-19-2017, 05:04 AM
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Quote:
Originally Posted by mikenancy1 View Post
Update: Salesman says he checked with finance, and learned I do qualify after all, which I knew all along. But he says it will depend on when I take delivery of the car, which is inbound to the dealership. So even though I signed the Retail buyer's Order yesterday, he said the date of sale isn't until I take possession of the car, which should be later this month. If it's later than 6/1, and Subaru decides to discontinue the 0% deal as of 5/31, then I can't get it. This actually sounds plausible, but does anyone know if it's correct?
Yup, THIS at least is true.

I know nothing.
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post #15 of 15 (permalink) Old 05-19-2017, 05:47 AM
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When I bought my 17' in November SOA had the 0% for 48 months. I asked if I could lock the rate as you can do in a mortgage since the vehicle was coming in 8 weeks and he said no.
With the 65 months of records sales I do not think that SOA will change the interest any time soon.


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