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Toyota Camry Prices Paid and Buying Experience

7934 messages, Last post on Dec 07, 2009 at 9:15 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: lucky_777 (Oct 02, 2008 12:03 pm) |
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Replying to: lucky_777 (Oct 02, 2008 12:03 pm) I am in Minnesota. Thanks.
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Replying to: 4rman (Oct 02, 2008 1:42 pm) |
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Replying to: tarugs (Oct 02, 2008 5:56 am) For example Maryland has 500 rebate Georgia 1000 go figure
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Replying to: archarkon (Oct 03, 2008 4:55 am) Financing and rebate offers are either/or. Camry Financing deals: 0% 36 months 1.9% 48 months 2.9% 60 months For those with cash to buy their camry and who want to compare taking 0% 36 month financing vs the rebate amount, below are the results of assuming a deposit of a certain amount to fund the 0% loan, and the effective interest rate on that account. At the end of the 36 month period, the account will have x dollars left due to accumulated interest. That can then be compared against a rebate amount of either $500 or $1000 deposited in a similar account with same interest for 36 months. (ie. compare the value of the rebate and the 0% loan at the end of the 36 month period.) Laon period: 36 months Loan Amnt Accnt Interest 0% Monthly Pymnt Accnt Residual ==================================================== 20,000 5% $555.56 $1554 24,000 5% $666.67 $1872 28,000 5% $777.78 $2191 20,000 4% $555.56 $1221 24,000 4% $666.67 $1473 28,000 4% $777.78 $1725 20,000 3% $555.56 $898 24,000 3% $666.67 $1086 28,000 3% $777.78 $1273 Future value of rebate after 36 months in an interest yielding accnt: Rebate Amnt Interest 36 Month value ================================== 500 5% $579 500 4% $562 500 3% $546 1000 5% $1158 1000 4% $1125 1000 3% $1093 So what's the bottom line? If you buy an I4 with a $500 rebate, take the 0% 36 month for sure. If you buy a V6 with a $1000 rebate, if the loan is above $24K and you feel you can make at least 4% in an interest yielding accnt, take the 0% financing, otherwise it's probably not worth the hassle dmcd |
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Replying to: naturev (Sep 29, 2008 1:40 pm) Could you share your dealer's information? Or perhaps e-mail me the same? I'm in the market for an 09 LE as well and located in San Diego.
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Just got a quote from dealer for $19500 (with financing for 0% at 36 month) from LE with Vehicle Stability Control. No tax or other fees included. Is it a good deal?
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Replying to: jerrys8 (Oct 05, 2008 11:47 am) dmcd |
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Replying to: utexas112 (Oct 04, 2008 5:07 pm) |
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