Transposing the Matrix: Update 2 – Downselect Harder

userpic=matrixPreviously, on Transposing the Matrix: If you recall, Tuesday I had an auto accident resulting in my 2006 Toyota Matrix being totaled. Friday, we began the search for a new car. That post detailed some of the requirements for any replacement vehicle: cargo capacity, not too big, being able to work with my iPod Transpod, convenient Aux jack, backup camera, decent gas mileage. In the last episode (Update 1), we had narrowed the field to three contenders: : the 2016 Scion iM [brochure], the 2016 Honda Fit, and the the 2016 Subaru Impreza 5-Door.

Today we visited the dealers again to reexamine the cars, to test drive the Fit, and to re-test drive the Impreza without a migraine and with my iPod Classic. This was extremely useful: the Fit knocked itself out of the running. Why? The seats were extremely uncomfortable, the cup holders would not fit our typical drink cups due to a bad bad design, and the TransPod blocked one of the drink holders. The engine also seemed to be noisier.

On the other hand, the Impreza Imprezzed. Through some re-adjustment, I was able to get the TransPod to work, although I may still go with a vent mount cell phone holder. I was able to drive the car, and was impressed by both its handling and the fact the cabin is quieter. In fact, the only major drawback with the Impreza is that my wife likes it as well, and so she’ll keep wanting to borrow it… at least until we pay it off and can get her an Outback. Further, the Impreza is the only one that can come with a non-black interior — important in the San Fernando Valley.

This pushes the Scion iM into second place, which is fine. Both are excellent cars, and we really couldn’t go wrong with either. The prices are similiar: the MSRP on the Scion is 19,995; we’ve dealers verbally offer below that if we sign on the dotted line. MSRP on the Impreza is $20,768, with an estimated dealer invoice of $19,758 — meaning we can talk them down to the Scion’s range. Right now, we think we’ll try for the Impreza first, with the Costco pricing or better. If not, we know we can safely walk across the street to the Toyota dealer.

The one remaining question to investigate is: Which has the lower cost of insurance? We’re guessing the Subaru, as a less popular theft car.

What’s next? Tomorrow I’ll go over to the body shop and clean out the Matrix (I’ll probably grab the cargo netting; it should work in the Subaru). I’ll pull off the personalized license plates for use on the new car. Then it is just waiting to hear from the adjuster with their valuation of the Matrix, which we’ll probably argue with a bit. Charlie Kline provided a pointer to an article with some good tips on how to get max value. I certainly want them to pay for the full tank of gas I had just put in. I’m also going to contact the credit union and get the pre-approved loan updated to a new car loan and for the correct estimated amount.

Once we get the check from AAA, we’ll talk to the dealer. If they can best the credit union rate, we’ll go with them. We’ll sign over the down, and then do the paperwork game.



2 Replies to “Transposing the Matrix: Update 2 – Downselect Harder”

  1. Sometimes, not always, but occasionally you can get better financing from the dealer, especially if the manufacturer has a special going on. When I got my last car, after all the negotiation, I got 0.9% financing from the dealer which was better than my credit union. Assuming you are buying the Impreza, see what deals Subaru is pushing right now.

    If you look online you can idea of what is being offered. For example try

    I found that by searching for subaru factory incentives.

    1. That’s actually our plan. Currently, Subaru is offering 1.49%, and the credit union best is at 1.59% for 48-60 months (new cars). So if Subaru has that deal, we’ll use it (as long as it is simple interest).

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