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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: 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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Replying to: carbuyer88 (Jun 12, 2009 8:10 am) At 2.9% APR, $15,000 for 36 months is $436/month... |
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Replying to: abchin486 (Jun 12, 2009 9:56 am) This is actually the first new car I'm purchasing and the first time I'll be financing (always purchased very-used cars and paid cash to dealer or private party in the past). Can you give me a quickly lesson on the "tier" mumbo-jumbo stuff?--I've also seen it at the bottom of Toyota's fine print. At least for me it might as well be in written in Greek or Russian. How does the "well-qualified buyers" relate to the "fine-print" tier system? If I recall there's at least 3 different tiers for APR? Would "well-qualified buyers" equal "1-tier?" Does your down payment ever determine your APR? Which of the following would be the case: A) dealer gives you a high APR when you give them a large down payment or B) the dealer would give you lower APR if you give them a large down payment or C) APR is only affected by credit scores and the such, but never by your down payment amount. Thanks. |
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