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

Quote:

Originally Posted by fasternyou929

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

Quote:

Originally Posted by Rangerscott

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

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

Quote:

Originally Posted by fasternyou929

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

Quote:

Originally Posted by RACER X

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

Quote:

Originally Posted by Adeptus_Minor

No interest for 5 years, huh?

I've had no interest in Toyota since they killed the Supra

This.

Nothing in their lineup is interesting to me.

goof2 · 03-13-2010, 10:38 AM

Quote:

Originally Posted by Rangerscott

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.

03-12-2010, 10:47 PM	#1
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	Toyota: No interest for 5 years If you're gonna talk recall/bs then gtfo. Just wondering about the sale. Is this a "great" thing?

03-13-2010, 01:13 AM	#5
Adeptus_Minor Hopster Join Date: Nov 2008 Location: Austin, TX Moto: 2009 Buell 1125R Posts: 4,743	No interest for 5 years, huh? I've had no interest in Toyota since they killed the Supra __________________ “Well, obviously before; after was all gendarmes and dick stitches.”

03-13-2010, 01:56 AM	#6
101lifts2 WSB Champion Join Date: Nov 2008 Location: Anaheim, CA Moto: 2009 Kawi ZX6R Posts: 5,570	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. __________________ Train Hard Ron Paul - 2012 Mark of Excellence GM

03-12-2010, 11:09 PM	#2
fasternyou929 SFL Expatriate #2 Join Date: Nov 2008 Location: Raleigh, NC Moto: CBR1000 Posts: 2,043	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.