View Full Version : Toyota: No interest for 5 years
Rangerscott
03-12-2010, 10:47 PM
If you're gonna talk recall/bs then gtfo. Just wondering about the sale.
Is this a "great" thing?
fasternyou929
03-12-2010, 11:09 PM
Don't see how it could be a bad thing for consumers. Along the same subject, I got my bonus t work today and plan on putting a good chunk of it in Toyota stock.
Rangerscott
03-12-2010, 11:30 PM
Don't see how it could be a bad thing for consumers. Along the same subject, I got my bonus t work today and plan on putting a good chunk of it in Toyota stock.
I know its not bad, I mean is it worth it.
fasternyou929
03-12-2010, 11:42 PM
I know its not bad, I mean is it worth it.
If you're in the market for a new vehicle it's great. I wouldn't let the offer drive you to purchasing something you're not in the market for though; it's not that good.
With Toyota's long-term track record, I would be surprised of the 0% APR hurts future resale value as much as it did when GM was slashing prices and financing to purge stock.
Adeptus_Minor
03-13-2010, 01:13 AM
No interest for 5 years, huh?
I've had no interest in Toyota since they killed the Supra redflip
101lifts2
03-13-2010, 01:56 AM
Most OEMs are offering ultra low APR financing. However, if your credit is decent, you are better off finding a car with good rebates to lower the principle amount of the loan.
RACER X
03-13-2010, 02:14 AM
Don't see how it could be a bad thing for consumers. Along the same subject, I got my bonus t work today and plan on putting a good chunk of it in Toyota stock.
thats what i bought w/ my 401k turned IRA turned ROTH........
Mazda also has 60mos 0%
Homeslice
03-13-2010, 09:11 AM
thats what i bought w/ my 401k turned IRA turned ROTH........
Mazda also has 60mos 0%
:?: you put all your IRA into one stock??
Homeslice
03-13-2010, 09:12 AM
No interest for 5 years, huh?
I've had no interest in Toyota since they killed the Supra redflip
This.
Nothing in their lineup is interesting to me.
goof2
03-13-2010, 10:38 AM
If you're gonna talk recall/bs then gtfo. Just wondering about the sale.
Is this a "great" thing?
It doesn't suck. Using a $20k loan over 5 years you would pay around an additional $5,500 over the life of the loan and have a payment over 20% higher if it was financed at 10% interest instead of 0%. Where it can hurt is when people don't negotiate as hard over the sale price of the vehicle. Treat the sale price and the financing as separate transactions and get the best deal you can for each one.
goof2
03-13-2010, 10:41 AM
No interest for 5 years, huh?
I've had no interest in Toyota since they killed the Supra redflip
Their cars don't do much for me but their trucks are all right. I wouldn't mind a Tundra and my sister has a Sequoia that is pretty nice.
Cutty72
03-13-2010, 10:47 AM
It's good because maybe Ford will do the same thing so I can get 0% on my new pickup!
But yeah, like already said, if you are in the market, it's great, especially if you don't have to give up other rebates.
If you do have to give up other rebates, make sure you figure out which one will save you more money.
Also, if you get a 0% rate, don't pay it off early. Leave your money in an account gaining interest. Even if it is only 1% you are still getting something, and it's not costing you anything.
Particle Man
03-13-2010, 02:22 PM
what's the price on the dollar for the loan? 0% is great but most times there's still a cost (the fine print usually says $X for every $1,000 financed).
RACER X
03-13-2010, 07:18 PM
:?: you put all your IRA into one stock??
all no
I drive a Toyota and they don't interest me. Bought it used from a relative knowing it was a good car. Resale won't hurt me either because when I'm done with it, it will probably be ready for the junkyard. I miss having a Honda though, that's for sure.
Rangerscott
03-14-2010, 12:24 AM
what's the price on the dollar for the loan? 0% is great but most times there's still a cost (the fine print usually says $X for every $1,000 financed).
I saw that. I'll try to remember when I see the commercial again.
Rider
03-14-2010, 11:12 AM
This.
Nothing in their lineup is interesting to me.
The Sequoia has my interest. The lease is up soon on the GMC so it's time to get a new ride. It will be the wife's daily driver plus it will tow our boat. I'll still be commuting in the Maxima.
fasternyou929
03-14-2010, 12:40 PM
The Sequoia has my interest. The lease is up soon on the GMC so it's time to get a new ride. It will be the wife's daily driver plus it will tow our boat. I'll still be commuting in the Maxima.
Maybe if you ask them real nice, they'll let you pay some interest on your 0% loan. :lol
Rider
03-14-2010, 12:45 PM
Maybe if you ask them real nice, they'll let you pay some interest on your 0% loan. :lol
Why would I do that?
CrazyKell
03-14-2010, 12:53 PM
I've been lusting over a Tacoma for years. Hell I even convinced an ex to buy one.
But unfortunately I'm driving my current car until it can't drive anymore.
fasternyou929
03-14-2010, 01:15 PM
Why would I do that?
So you can keep that beacon score up.
Rider
03-14-2010, 02:22 PM
So you can keep that beacon score up.
Not on free loan. :skep:
101lifts2
03-14-2010, 10:52 PM
Not on free loan. :skep:
Interest rate has no bearing on your credit score. It is the amount borrowed and if you are paying on-time regarding this particular loan.
Rider
03-15-2010, 08:43 AM
Interest rate has no bearing on your credit score. It is the amount borrowed and if you are paying on-time regarding this particular loan.
I know that. :skep: Fastnyou is just stirring the pot.
I wanted a Tacoma, but the dealership I went to said they aren't on the 5 years no interest deal.
fasternyou929
03-15-2010, 10:41 AM
I wanted a Tacoma, but the dealership I went to said they aren't on the 5 years no interest deal.
Pretty standard practice, usually the big trucks or coveted sports cars aren't part of the deal.
Just saw a 0% ad for Nissan yesterday, have a feeling the Titan will be excluded too.
Tacoma is the small truck. The Tundra, big truck, is part of the 5 year deal.
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