Reserved New WRX - The Long Wait Begins!

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Seems to be a popular choice in cars. I see tons of these WRX's around here. They've got a lot of horsepower for a four cylinder. Incredible what they can get out of little engines these days.

Lot's of fun per dollar spent, I'd say. That's why I bought my '16 Mazda MX-5. It's hard to find great handling, sporty cars that are a pleasure to drive for under $30k.

Congrats....at least you don't have a long wait. many people that order cars wait three months!
 
Originally Posted By: andrewg
Seems to be a popular choice in cars. I see tons of these WRX's around here. They've got a lot of horsepower for a four cylinder. Incredible what they can get out of little engines these days.

Lot's of fun per dollar spent, I'd say. That's why I bought my '16 Mazda MX-5. It's hard to find great handling, sporty cars that are a pleasure to drive for under $30k.

Congrats....at least you don't have a long wait. many people that order cars wait three months!


Really? You're in Washington?

I've only seen 2 or 3 on the road around Nashville since the 2015 new body style came out. That's one reason I chose it - it's by far not a model you see every day...or even every month...around here.

Miatas are awesome little cars. RWD, great chassis & aftermarket support. Is yours turbo?

I didn't order mine - a dealer happened to have one coming in that fit my criteria. It's 7 hours away, but the dealer offered to flatbed it here at no extra charge. Guess they wanted to sell a car!
 
Oh yes....2015's and newer I see every day. I drive a major interstate at least five days a week....so I end up seeing a lot of different vehicles. People out here LOVE Subaru's. I would not be surprised if they sell more here than most places.

No, my new Miata isn't a turbo. They don't offer that option. But the car is actually so super light and nimble that the little 155HP engine feels like so much more than that. It's not as fast as your probably is, but it will do 0-60 in about 5.8 seconds. It's best attribute is the balance of the car and it's great manual.

You are in Tennessee? Beautiful state. Wished I lived there.
 
Originally Posted By: andrewg
Oh yes....2015's and newer I see every day. I drive a major interstate at least five days a week....so I end up seeing a lot of different vehicles. People out here LOVE Subaru's. I would not be surprised if they sell more here than most places.

No, my new Miata isn't a turbo. They don't offer that option. But the car is actually so super light and nimble that the little 155HP engine feels like so much more than that. It's not as fast as your probably is, but it will do 0-60 in about 5.8 seconds. It's best attribute is the balance of the car and it's great manual.

You are in Tennessee? Beautiful state. Wished I lived there.


Bet the Miata handles better. I thought for sure Mazda would be offering the Miata with turbo by now. If they did, it would sell like hotcakes. Guess they're saving that option for later on, down the road. And I'm sure there are multiple aftermarket options available for both turbo and supercharged.

Bet it's a great gearbox and better than the WRX, too. I heard the WRX gearbox described as "like rowing the shifter through a bucket of gravel". LOL, I'll be the judge of that
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Congrats on the WRX! Just be careful as the cops look hard for these cars. If you tend to cruise a bit fast... know that you will have lights behind you.

The Miata is more fun, but the WRX (via the AWD) will handle better on the autocross tracks. It sticks and then you can just put the power down earlier. That being said, the Miata has a better "driver" feel. If I was not an MR2 driver (no fat, overweight Miata for me!), it would be my "fun" car. However, the MazdaSpeed Miata has been needing a revival for a long time.

I am in a similar boat for car-shopping. I am between the WRX and Camaro ('16 V6) at the moment. The downside for the WRX (and Subaru in general) is that they are a dime-a-dozen in WNC... the Camaro would be the odd-ball here. I wish the WRX kept the plain-Jane Impreza looks. Ride is a bit harsher than I want... since I am keeping the MR2, this will be more of a GT/Sports Sedan vehicle. I have not driven the new Camaro yet, it is still an open race.... plus, my license plate would read "DrMullet"


As for resale, it depends. The dealer are quick to low-ball on trade in and then charge as much for a used 30K miler as a new one. If you keep it stock, show care and not "racer-boy" then the WRX will hold its value.
 
Originally Posted By: FutureDoc
Congrats on the WRX! Just be careful as the cops look hard for these cars. If you tend to cruise a bit fast... know that you will have lights behind you.


That's something I'll have to get used to; I've been driving a pickup, exclusively, for years, and I've never had a performance car.

Originally Posted By: FutureDoc
The Miata is more fun, but the WRX (via the AWD) will handle better on the autocross tracks. It sticks and then you can just put the power down earlier. That being said, the Miata has a better "driver" feel. If I was not an MR2 driver (no fat, overweight Miata for me!), it would be my "fun" car. However, the MazdaSpeed Miata has been needing a revival for a long time.


HA! What's the comparison on power/weight ratio between the MR2 & Miata? I know an MR2 is lighter, but it doesn't have much HP, does it? Wouldn't a Miata still win a dragrace?

Originally Posted By: FutureDoc
I am in a similar boat for car-shopping. I am between the WRX and Camaro ('16 V6) at the moment. The downside for the WRX (and Subaru in general) is that they are a dime-a-dozen in WNC... the Camaro would be the odd-ball here. I wish the WRX kept the plain-Jane Impreza looks. Ride is a bit harsher than I want... since I am keeping the MR2, this will be more of a GT/Sports Sedan vehicle. I have not driven the new Camaro yet, it is still an open race.... plus, my license plate would read "DrMullet"


I envy you being in WNC. Those are some of my very favorite roads on a sportbike, and I would love to try them out in the WRX sometime. 221 between Linville and Blowing Rock, Hwy. 80 between Lake Tahoma and the Blue Ridge Pkwy, 181 between Jonas Ridge and Brown Mountain (you want a racetrack, go to 181!), 226 near Little Switzerland, Roan Mountain and Shady Valley, 58 up near Galax in VA, man, the list goes on! And that's just in the NW part of the state. We're not even talking the roads around Deal's Gap!! The list of incredible roads in the Smokies just goes on...

Funny, you're right about Subarus being a dime a dozen there. Go to Boone and every other car you see is a Subie or a VW. They do great in inclement weather in the mountains, but it also has to do with Boone being a hippie mecca and college town (Appalachian State U).

Here, it's the other way around. Most Subarus you see are Outbacks or Foresters, and everybody and their grandma drives a Camaro.


Originally Posted By: FutureDoc
As for resale, it depends. The dealer are quick to low-ball on trade in and then charge as much for a used 30K miler as a new one. If you keep it stock, show care and not "racer-boy" then the WRX will hold its value.


Yeah, I hate the boy racer look. It's annoying that the WRX attracts the teen and early-20s boy-racer types. Because of that, it can be tough to find a used one that hasn't been beat on. Also, when you're looking for information on the car on message forums like NASIOC, you have to wade through miles of [censored] posts by 19-year-olds. One reason I love BITOG - it's a message forum for grownups.
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And I never trade a car in with a dealer. I want no part of all that mess. I'd rather sell outright and then get a rental if I have to, in order to avoid being lowballed.
 
Originally Posted By: gathermewool
Originally Posted By: Ethan1
Originally Posted By: gathermewool
This is just my opinion, but if you're worried about gap insurance, then you should either put more down or buy a used vehicle that has already depreciated.


He has good financing, so why should he put more money down? That just means that the loan's balance won't exceed your insurance payout, but you still take the same depreciation hit if it gets totalled! So, your argument against gap is that you should just grab your ankles?

As for buying an older car, he's certainly aware that a new car depreciates most quickly.

In fact, he already ordered the car, so you're not helping at all, are you?

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Risk analysis, bubba. I'm not sure what financing terms has to do with it...right?

Aside from being mostly rhetorical, the point of my post was: if the OP can afford the car, then he can most likely afford adequate auto insurance. Beyond that, what's his chance of totaling his car and owing more than insurance is willing to give him for it? If the risk is low, then spending any money, IMO, makes no sense.



You're not sure what financing terms have to do with the down payment? When the APR is low, inflation can outpace the interest. You're not sure what financing has to do with gap insurance? idfkwtflolbbq
 
I'm still undecided as to whether to buy GAP insurance.

I feel like I'm in a pretty good position as far as what I'm paying for the car (below invoice) and financing (1.99%). And, as I mentioned, I'm paying taxes up front plus $1000 down.

I checked KBB and NADA values. NADA doesn't offer a value for a used 2016 model. KBB says I could expect $25,103 if I were selling a used 2016 WRX, equipped like the one I'm getting, with 1 mile on the ODO. That's $897 less than the sales price I've agreed to. How much would an insurance company offer me if the car was totaled? Who knows?

Here's a hypothetical:

I sign the papers, drive off the lot, put the taxes ($1900) plus $1000 down. Total I owe on the car at that point: $26,542.80. Total amount I will have paid for the car, assuming I make the minimum payment every month for 6 years @ 1.99% financing rate: $29,532.80 (sheesh, do I really want a WRX this bad?!).

Let's say I don't buy GAP.

Before I make my first payment, someone runs into me and totals the car. So, right then, I'm immediately out $2900 that I put as the down payment, regardless of whether I purchase GAP insurance or not.

KBB.com says a used 2016 Subaru WRX (base model) with 1 mile on the ODO is worth $25,103 to a private party buyer (excellent condition). Let's say the insurance company offers me that amount. I balk and ask for payoff, which is $26,542. They counter-offer with $26,000.

I'm upside down, but only by ~ $500. Worst thing about that situation is, the almost 3 grand I put down is gone. My total hit ~ $3400. Bad situation.

OTOH, I get GAP for the $399 offered by the credit union, my total hit ~ $3300.

So, by that (very rough) estimate, for all intents and purposes, it's a wash.
 
Originally Posted By: john_pifer
....
Wondering if GAP insurance is going to be a good investment since I bought the car at a good price and I'm putting my taxes & registration down. I shouldn't be too upside down, if at all. GAP would be $399 from the credit union.


It's been a while since I bought a new car ( obviously ), but you might look at a new car replacement rider on your regular auto policy. It was absurdly cheap, as best I recall - around ten bucks or so, because the likilhood of having to pay out and buy someone a new car is so remote.

I would think it would be available even on a financed car.

GAP looks more like GOUGE.
 
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Originally Posted By: Win
Originally Posted By: john_pifer
....
Wondering if GAP insurance is going to be a good investment since I bought the car at a good price and I'm putting my taxes & registration down. I shouldn't be too upside down, if at all. GAP would be $399 from the credit union.


It's been a while since I bought a new car ( obviously ), but you might look at a new car replacement rider on your regular auto policy. It was absurdly cheap, as best I recall - around ten bucks or so, because the likilhood of having to pay out and buy someone a new car is so remote.

I would think it would be available even on a financed car.

GAP looks more like GOUGE.


I'll look into that. Thanks.
 
Gap insurance is good if you are upside down (debt greater than car value) and car gets wrecked.

Why not put more $$$ down payment and finance for less years ?
 
This month's Car and Driver contains a glowing long-term test of a 2015 WRX; the only issue was that it needed a clutch- knowing some CD drivers I'd be willing to bet that more than a few clutch drops from significant rpms contributed to its demise.
 
Originally Posted By: MCompact
This month's Car and Driver contains a glowing long-term test of a 2015 WRX; the only issue was that it needed a clutch- knowing some CD drivers I'd be willing to bet that more than a few clutch drops from significant rpms contributed to its demise.


That's encouraging. Thanks for posting that. I'll have to go get my grubby hands on a copy of this month's C&D. Maybe that'll alleviate my impatience just a little bit!!

I learned my lesson with clutch abuse back in 2004 when I bought a new 2004 Honda Accord sedan with the 2.4L and 5MT. Of course, I thought, ya gotta do a couple of drag race launches with any new vehicle, to see what it's made of, right?!

Well, after 1 or 2 hard launches, that clutch developed a chatter that it had for the rest of the time I owned the car. It was very minor - almost imperceptible. But it was there. Felt it every time I started off from a stop.

Couldn't keep rotors on that car, either. Honda went cheap on the rotors, clutch, and battery on that car.

This WRX should have a beefier clutch. But the drivetrain stress on a clutch-dump launch has to go somewhere, and the clutch is going to absorb most of that abuse.

At 36, I'm not totally immune to hooliganism YET...but I'm at least a tad bit older and wiser than I was in 2004, at 25.
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Originally Posted By: Gasbuggy
What is invoice on a base? 25ish?


Yeah, $25,094. But then you gotta add $795 destination charge. I haven't found any way around that one. And then, VERY few cars have absolutely zero options.

Here's the invoice on mine:

bYIaPxp.jpg

As you can see, it's got a few options, but not many.

Somebody on here told me that Subaru has around 2% of MSRP holdback, behind invoice. So, even selling it to me for $26K, they're making a few hundred. But then they're probably losing that, having to flatbed it from Little Rock to Nashville. All I can figure is that they must have a certain number of units they have to move, and are willing to sell a few at a wash or close to it to hit that number. Every other dealer I talked to was higher. One other dealer in Knoxville was sorta close, but still several hundred higher.
 
Good deal on a good car! GAP is always a bad deal at the dealership and sometimes an acceptable deal through other channels. I believe some car insurance companies will provide it for a very small bump in your premium.
 
Originally Posted By: dareo
Good deal on a good car! GAP is always a bad deal at the dealership and sometimes an acceptable deal through other channels. I believe some car insurance companies will provide it for a very small bump in your premium.


Thanks! I'm going to check with the insurance co. on GAP, as well as new car replacement.
 
I work with a guy who paid almost 10k more than that for a non STI, WRX. They got him good. Can't imagine the options he has being worth even a couple thousand more than what you have. And it has the CVT.

Definitely one of the best deals I've seen on a new WRX. I rarely see them budge much on the sticker. Congrats on the ride! Post some pics when you get it.
 
Originally Posted By: jigen
I work with a guy who paid almost 10k more than that for a non STI, WRX. They got him good. Can't imagine the options he has being worth even a couple thousand more than what you have. And it has the CVT.

Definitely one of the best deals I've seen on a new WRX. I rarely see them budge much on the sticker. Congrats on the ride! Post some pics when you get it.


That's pretty much what I've been hearing in research I've done on the Subaru boards.

I don't think Subarus in general sell as well down here in the south as they do up in the northeast, northwest or midwest. And it's a pretty competitive car market here. Most people shop around a lot for best price.

I came close to buying a WRX around this time last year, and ended up talking myself out of it. At that time, I talked to my local dealer here, and their offer was a couple of hundred bucks off MSRP. I think their attitude may come from them being in downtown Nashville - I think a lot of young hipsters come in there and pay MSRP for vehicles.

I've found that you just have to e-mail a lot of dealerships. Eventually you'll come across one that wants to sell a car
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