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Prices Paid: Buying & Leasing Experiences Toyota Corolla Prices Paid and Buying Experiences
768 messages, Last post on Nov 25, 2009 at 11:09 AM
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Replying to: jamg (Jun 11, 2009 8:49 pm) If you pay cash, there's no college grad rebate (we tried when we bought the car today-no luck). So, they can manipulate your interest rate and finance fees to make up the loss on the OTD price. Basically, unless these are set in stone, I would assume that the $1000 college rebate will disappear in uncompetitive interest rates, so I would leave it out of the OTD calculation.
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Replying to: udo (Jun 11, 2009 9:55 pm) Udo- if you are paying cash, you could finance and pay off as soon as your first payment is due.
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Replying to: heyjb (Jun 12, 2009 3:48 am) |
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Replying to: abchin486 (Jun 12, 2009 6:04 am)  36 and 48 and then it jumps to 3.9% 60 (for well qualified) out here in MA/RI. Offer can be combined with recent grad rebate. (We've been saving for 3 years and have about 2/3 of the OTD for a down payment and planned on financing the rest. We were car shopping last year and checked our credit; at the time we were considered a "well-qualifier.") If the finance rates go high when it's time to put down our John Hancocks on their papers, we've got a credit union we belong to that is willing to 5.25% 60, but yeah we'll lose that nice rebate (which would probably be a deal breaker). There's always the option to walk out (and ask politely for our fully refundable deposit). Has anyone read the "fine print" on Toyota's financing? Are there any fees for "early payment"? Or might this vary by each state? If there's no "early payment" fees, we might finance 50% or more (keeping the cashing in a high-interest savings account) just to have a safety-net during these crazy economic times. But it sounds like people think the OTD is a very good price? (Perhaps too good?) |
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Replying to: jamg (Jun 12, 2009 6:26 am)
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Replying to: udo (Jun 11, 2009 3:36 pm) |
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Replying to: jamg (Jun 11, 2009 9:11 pm)
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Replying to: carbuyer88 (Jun 12, 2009 8:13 am) |
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Replying to: carbuyer88 (Jun 12, 2009 8:10 am) |
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Replying to: jamg (Jun 12, 2009 6:26 am) FYI, the interest rate for a 1-tier college rebate buyer (if you for some reason you cannot get special apr) is actually 5.25% last I checked (2 months ago), and for college rebate people, becoming a 1-tier buyer is much easier. SO there you go, you get low financing and the rebate if things do not work out with promotional 2.9% apr.
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