Is a rebuilt 3.0 worth it for $35K?

[stefastn]

On the verge of purchasing this 6K mile 3.0 premium for $35K, car got into a front end collision and owner told me front frame rail had to be replaced. I will attach before and after photos.

Car has AWE track exhaust, intake + chargepipe as well. I want one of these really bad and have saved up $60K, went to finance one yesterday and dealer hit me with 7% interest rate which is crazy since this would be my second vehicle finance and I had tier 1 credit. $15K down and they wanted my payment to be upwards of $800. So this shocked me and now I just want to be able to get this and own it outright, even though it’s rebuilt. I have gotten really impatient waiting for the market to drop, dealers are paying $46K all day for these at wholesale auction and still charging $50K+

What do you guys think?

Crash Photos: https://en.bidfax.info/toyota/supra...021-charcoal-30l-6-vin-wz1db0c06mw044533.html

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[jtsang25]

7% isn't crazy in the current economy. It's high but quite normal.

 

[NocturnalEmber]

On the verge of purchasing this 6K mile 3.0 premium for $35K, car got into a front end collision and owner told me front frame rail had to be replaced. I will attach before and after photos.

Car has AWE track exhaust, intake + chargepipe as well. I want one of these really bad and have saved up $60K, went to finance one yesterday and dealer hit me with 7% interest rate which is crazy since this would be my second vehicle finance and I had tier 1 credit. $15K down and they wanted my payment to be upwards of $800. So this shocked me and now I just want to be able to get this and own it outright, even though it’s rebuilt. I have gotten really impatient waiting for the market to drop, dealers are paying $46K all day for these at wholesale auction and still charging $50K+

What do you guys think?

Crash Photos: https://en.bidfax.info/toyota/supra...021-charcoal-30l-6-vin-wz1db0c06mw044533.html

Every reason not to buy that car is listed in those crash photos.

I understand wanting to save money and get one at a good price, but this is the absolute worst way to do it. You have no warranty, and no idea what else could be wrong with this car or what could become wrong with it down the road, and you are going to have no recourse, because at the end of the day, it's now a branded title that's going to follow it for life.

Some people can justify it, but I wouldn't. The amount of money you'd save would not offset the potential headaches and permanent brand on the car.

Edit:

Rates are bad right now. If you don't want to wait for the market to change just buy one new at/around MSRP if you can find it and refinance later or pay it off, That's what I did.

Unfortunately the way they are with availability, unless that changes you aren't going to have the luxury of sitting around; When one comes up and its your turn, you take it or you miss the opportunity. When my dealer called me I wasn't planning on going to the bank that day, but I had all of two hours to tell them if I was going to show up or they were going to keep going down the list.

 

[stefastn]

7% isn't crazy in the current economy. It's high but quite normal.

I got my last car for 3.49% and that was 6 months ago so this was quite the jump for me. I would be paying $200+ a month straight to interest and that’s a hell no for me

 

[jtsang25]

I got my last car for 3.49% and that was 6 months ago so this was quite the jump for me. I would be paying $200+ a month straight to interest and that’s a hell no for me

Try getting financing through a local credit union?

I wouldn't buy a rebuilt one with that kind of damage. If it was just cosmetic that's a slightly different story.

 

[stefastn]

Every reason not to buy that car is listed in those crash photos.

I understand wanting to save money and get one at a good price, but this is the absolute worst way to do it. You have no warranty, and no idea what else could be wrong with this car or what could become wrong with it down the road, and you are going to have no recourse, because at the end of the day, it's now a branded title that's going to follow it for life.

Some people can justify it, but I wouldn't, the amount of money you'd save would not offset the potential headaches and permanent brand on the car.

I get it, i’ve been trying to buy new for the past 2 years. Went to dealership for a brand new 2022, and they wanted $15K over this was last year after salesman told me they didn’t do markup. Kept my head down made some more money and waited for market cooldown and it’s still the same, finally decided to pull the trigger and head to the dealership yesterday for a used one owner 21’ 33K miles for $49.9K and $824/60mos @7% with $15K down I just got super bummed and angry with the constant disappointment. I’m just trying to make the best financial decision I can, i’m 20. I don’t have any other expenses right now besides my truck and it’s insurance + other miscellaneous life costs.

 

[jtsang25]

I get it, i’ve been trying to buy new for the past 2 years. Went to dealership for a brand new 2022, and they wanted $15K over this was last year after salesman told me they didn’t do markup. Kept my head down made some more money and waited for market cooldown and it’s still the same, finally decided to pull the trigger and head to the dealership yesterday for a used one owner 21’ 33K miles for $49.9K and $824/60mos @7% with $15K down I just got super bummed and angry with the constant disappointment. I’m just trying to make the best financial decision I can, i’m 20. I don’t have any other expenses right now besides my truck and it’s insurance + other miscellaneous life costs.

Getting a brand new 2 seater sports car at 20 isn't exactly a good financial decision. But if you got the cash you do you. If you're only checking at one dealer that's your loss. If you want to get a good deal you'll have to check multiple dealers.

 

[NocturnalEmber]

I get it, i’ve been trying to buy new for the past 2 years. Went to dealership for a brand new 2022, and they wanted $15K over this was last year after salesman told me they didn’t do markup. Kept my head down made some more money and waited for market cooldown and it’s still the same, finally decided to pull the trigger and head to the dealership yesterday for a used one owner 21’ 33K miles for $49.9K and $824/60mos @7% with $15K down I just got super bummed and angry with the constant disappointment. I’m just trying to make the best financial decision I can, i’m 20. I don’t have any other expenses right now besides my truck and it’s insurance + other miscellaneous life costs.

The market for buyers in terms of Supras, GR86's, Z's, etc is not great because the availability isn't there. I know this is easier said than done, but my recommendation is to find a dealer in your area that doesn't charge a markup or forced add-on's.

I called around every dealer in my area and lucked out because 2/3 of them didn't charge markups (though one forced an 800.00 add on.) Even more fortunate was that someone on the list in front of me had gotten one elsewhere or dropped out, so I came up on the list and took delivery of mine a whole six weeks after putting down a deposit on it.

Granted my experience is atypical, but I'd say its probably a better decision to take the higher financing and get a new one without the title brand. I went with a credit union and my rate wasn't far off what you were saying, and credit is pretty good, but this was after the fed had hiked rates three times I think. I was about as close to the best rate my Credit Union Offered.

I'd say try and get a new one and avoid the salvage/rebuilt title. At the end of the day though, only you can justify whether its worth it or not.

 

[Bigboss]

It looks brand new lol and it already save you the trouble of having mods which you probably wouldve added anyway. The only test left is to drive it and see how it feels

 

[A91rookie]

Real talk I would just buy one flat out and own it free and clear. That’s what I did and just take your time modifying it. If you can save up 60k another 20k -30k in savings shouldn’t be bad given you have your finances in order.

 

[Syeeee]

Surprised that car wasn't scrapped and totalled.

Steer far far away.

 

[razorlab]

I’m confused. You stated you have saved up $60k to buy a new Supra but then complain about 7% interest rates in the same post?

 

[Cptnslo]

I’m guessing based on bills and stuff that you’re living at home with parents. Is there a chance that’s going to change at all because if you’re getting yourself into an 800 car payment make sure your bills aren’t going to change anytime soon

 

[XtremeMaC]

^^^ all that is true but also consider this. if you get the rebuilt, chances are you're not going to be able to SELL it.
So, let's say you bought it and didn't like it in the next 2 months for whatever reason or felt like a big financial hit, then you're stuck with it. No one in the right mind would want to buy it as you can see in the above posts...
Or you liked it, but 2 years down the road, you want to switch it to a 4 door because you knocked up a girl then again you won't be able to sell it. Or find a poor clueless sucker who don't even Carfax.

Also, it sat in the lot since at least Dec 2021, until whenever it was rebuilt.. Maybe you're lucky and whoever built it did a great job, but maybe not..

PS, I see 2 listings.
https://en.bidfax.info/toyota/supra...021-charcoal-30l-6-vin-wz1db0c06mw044533.html

https://en.bidfax.info/toyota/supra...se-2021-gray-30l-6-vin-wz1db0c06mw044533.html

 

[GoldenEye]

$60k down doesn’t equal an $800 car payment. Don’t but the wrecked one, you’re just in too much of a hurry

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