OT – Zero Down, Zero Percent interest for 5 years…..

[CAwireman]

As luck would have it, we needed to pick up another buggy for the family.

Imagine our pleasant surprise when, in additon to a Costco dicount (kinda) there was a $500 credit, AND zero down / zero % interest for 5 years. This was a Japanese auto, by the way.

(If we could pull this off with 30 year fixed home loans, we’d be talking….)

US made cars – 72 months – zero % loans, zero down in some cases.

If there are any car dealers or folks familiar with auto financing, are the loan options out there unprecedented and a sign of an economy continuing to flag? I don’t buy cars too often so, I don’t have a frame of reference – we buy cars and keep em forever…

Anyone else out there taking advantage of these loan offers? Pretty interesting….

[bearishgurl]

I’ve seen .09% (new hybrids), 1.9% (new) and 2.9% (certified used) for up to 60 months thru Toyota Motor Credit since the new year. 4-Runners are not included. This is really unprecedented for Toyota but with prices up to $46K MSRP, the payments can still be quite high. For certified used Lexuses, TMC is also charging only 2.9% financing and now appears to be accepting qualified vehicles into the program as far back as 7 model-years hence (yr 2004). These rates are for the best credit. Not sure if a downpayment is required but I don’t think so, depending on credit. Under these circumstances, if you can afford the payment, I would go with the payment instead of paying cash even if I had the cash. This is assuming you could also negotiate a competitive price. The Kelly Blue Book trade-in values are still high on Toyotas/Lexuses, even those 7-12 years old!

Not sure if Toyota will continue this promotion after its April 4 expiration date due to recently destroyed and partially destroyed shipments to the US stored at a port in Japan. And I really don’t see the new-car dealers here dealing on the hybrids too much as gas prices are beginning to climb again.

As for me, I just got several more repairs done on my nearly 18-year old Lexus and it runs like a charm :). My insurance co just lowered my annual premiums for full coverage almost $200 year (probably due to the low book value of my car).

My mechanic of 21 years states that the Lexus Luxury Sedan for years ’89-’92 (older than my car) is the finest built car on the road and if maintained properly, it’s all-alum engine will last 500K miles (and they have many customers who have 300K+ mi on them) :=] See:

http://en.wikipedia.org/wiki/Toyota_UZ_engine

http://en.wikipedia.org/wiki/Lexus_LS

http://us.lexusownersclub.com/forums/index.php?showtopic=4507

In addition, these vehicles have 10-12 coats of paint and if garaged for their life, look new after 20 years. Some model years have better-quality interior leather than others, though.

When you also take into account sales tax, tags, annual registration fee and insurance, it’s a lot cheaper to fix Toyota products and drive them into the ground, IMO, no matter what their current value . . . that is, if you don’t mind driving a vehicle without the latest gadgets.

As you can see here, I’ve always been partial to Toyota products due to their superior reliability.

[bearishgurl]

I’ve seen .09% (new hybrids), 1.9% (new) and 2.9% (certified used) for up to 60 months thru Toyota Motor Credit since the new year. 4-Runners are not included. This is really unprecedented for Toyota but with prices up to $46K MSRP, the payments can still be quite high. For certified used Lexuses, TMC is also charging only 2.9% financing and now appears to be accepting qualified vehicles into the program as far back as 7 model-years hence (yr 2004). These rates are for the best credit. Not sure if a downpayment is required but I don’t think so, depending on credit. Under these circumstances, if you can afford the payment, I would go with the payment instead of paying cash even if I had the cash. This is assuming you could also negotiate a competitive price. The Kelly Blue Book trade-in values are still high on Toyotas/Lexuses, even those 7-12 years old!

Not sure if Toyota will continue this promotion after its April 4 expiration date due to recently destroyed and partially destroyed shipments to the US stored at a port in Japan. And I really don’t see the new-car dealers here dealing on the hybrids too much as gas prices are beginning to climb again.

As for me, I just got several more repairs done on my nearly 18-year old Lexus and it runs like a charm :). My insurance co just lowered my annual premiums for full coverage almost $200 year (probably due to the low book value of my car).

My mechanic of 21 years states that the Lexus Luxury Sedan for years ’89-’92 (older than my car) is the finest built car on the road and if maintained properly, it’s all-alum engine will last 500K miles (and they have many customers who have 300K+ mi on them) :=] See:

http://en.wikipedia.org/wiki/Toyota_UZ_engine

http://en.wikipedia.org/wiki/Lexus_LS

http://us.lexusownersclub.com/forums/index.php?showtopic=4507

In addition, these vehicles have 10-12 coats of paint and if garaged for their life, look new after 20 years. Some model years have better-quality interior leather than others, though.

When you also take into account sales tax, tags, annual registration fee and insurance, it’s a lot cheaper to fix Toyota products and drive them into the ground, IMO, no matter what their current value . . . that is, if you don’t mind driving a vehicle without the latest gadgets.

As you can see here, I’ve always been partial to Toyota products due to their superior reliability.

[bearishgurl]

I’ve seen .09% (new hybrids), 1.9% (new) and 2.9% (certified used) for up to 60 months thru Toyota Motor Credit since the new year. 4-Runners are not included. This is really unprecedented for Toyota but with prices up to $46K MSRP, the payments can still be quite high. For certified used Lexuses, TMC is also charging only 2.9% financing and now appears to be accepting qualified vehicles into the program as far back as 7 model-years hence (yr 2004). These rates are for the best credit. Not sure if a downpayment is required but I don’t think so, depending on credit. Under these circumstances, if you can afford the payment, I would go with the payment instead of paying cash even if I had the cash. This is assuming you could also negotiate a competitive price. The Kelly Blue Book trade-in values are still high on Toyotas/Lexuses, even those 7-12 years old!

Not sure if Toyota will continue this promotion after its April 4 expiration date due to recently destroyed and partially destroyed shipments to the US stored at a port in Japan. And I really don’t see the new-car dealers here dealing on the hybrids too much as gas prices are beginning to climb again.

As for me, I just got several more repairs done on my nearly 18-year old Lexus and it runs like a charm :). My insurance co just lowered my annual premiums for full coverage almost $200 year (probably due to the low book value of my car).

My mechanic of 21 years states that the Lexus Luxury Sedan for years ’89-’92 (older than my car) is the finest built car on the road and if maintained properly, it’s all-alum engine will last 500K miles (and they have many customers who have 300K+ mi on them) :=] See:

http://en.wikipedia.org/wiki/Toyota_UZ_engine

http://en.wikipedia.org/wiki/Lexus_LS

http://us.lexusownersclub.com/forums/index.php?showtopic=4507

In addition, these vehicles have 10-12 coats of paint and if garaged for their life, look new after 20 years. Some model years have better-quality interior leather than others, though.

When you also take into account sales tax, tags, annual registration fee and insurance, it’s a lot cheaper to fix Toyota products and drive them into the ground, IMO, no matter what their current value . . . that is, if you don’t mind driving a vehicle without the latest gadgets.

As you can see here, I’ve always been partial to Toyota products due to their superior reliability.

[bearishgurl]

I’ve seen .09% (new hybrids), 1.9% (new) and 2.9% (certified used) for up to 60 months thru Toyota Motor Credit since the new year. 4-Runners are not included. This is really unprecedented for Toyota but with prices up to $46K MSRP, the payments can still be quite high. For certified used Lexuses, TMC is also charging only 2.9% financing and now appears to be accepting qualified vehicles into the program as far back as 7 model-years hence (yr 2004). These rates are for the best credit. Not sure if a downpayment is required but I don’t think so, depending on credit. Under these circumstances, if you can afford the payment, I would go with the payment instead of paying cash even if I had the cash. This is assuming you could also negotiate a competitive price. The Kelly Blue Book trade-in values are still high on Toyotas/Lexuses, even those 7-12 years old!

Not sure if Toyota will continue this promotion after its April 4 expiration date due to recently destroyed and partially destroyed shipments to the US stored at a port in Japan. And I really don’t see the new-car dealers here dealing on the hybrids too much as gas prices are beginning to climb again.

As for me, I just got several more repairs done on my nearly 18-year old Lexus and it runs like a charm :). My insurance co just lowered my annual premiums for full coverage almost $200 year (probably due to the low book value of my car).

My mechanic of 21 years states that the Lexus Luxury Sedan for years ’89-’92 (older than my car) is the finest built car on the road and if maintained properly, it’s all-alum engine will last 500K miles (and they have many customers who have 300K+ mi on them) :=] See:

http://en.wikipedia.org/wiki/Toyota_UZ_engine

http://en.wikipedia.org/wiki/Lexus_LS

http://us.lexusownersclub.com/forums/index.php?showtopic=4507

In addition, these vehicles have 10-12 coats of paint and if garaged for their life, look new after 20 years. Some model years have better-quality interior leather than others, though.

When you also take into account sales tax, tags, annual registration fee and insurance, it’s a lot cheaper to fix Toyota products and drive them into the ground, IMO, no matter what their current value . . . that is, if you don’t mind driving a vehicle without the latest gadgets.

As you can see here, I’ve always been partial to Toyota products due to their superior reliability.

[bearishgurl]

I’ve seen .09% (new hybrids), 1.9% (new) and 2.9% (certified used) for up to 60 months thru Toyota Motor Credit since the new year. 4-Runners are not included. This is really unprecedented for Toyota but with prices up to $46K MSRP, the payments can still be quite high. For certified used Lexuses, TMC is also charging only 2.9% financing and now appears to be accepting qualified vehicles into the program as far back as 7 model-years hence (yr 2004). These rates are for the best credit. Not sure if a downpayment is required but I don’t think so, depending on credit. Under these circumstances, if you can afford the payment, I would go with the payment instead of paying cash even if I had the cash. This is assuming you could also negotiate a competitive price. The Kelly Blue Book trade-in values are still high on Toyotas/Lexuses, even those 7-12 years old!

Not sure if Toyota will continue this promotion after its April 4 expiration date due to recently destroyed and partially destroyed shipments to the US stored at a port in Japan. And I really don’t see the new-car dealers here dealing on the hybrids too much as gas prices are beginning to climb again.

As for me, I just got several more repairs done on my nearly 18-year old Lexus and it runs like a charm :). My insurance co just lowered my annual premiums for full coverage almost $200 year (probably due to the low book value of my car).

My mechanic of 21 years states that the Lexus Luxury Sedan for years ’89-’92 (older than my car) is the finest built car on the road and if maintained properly, it’s all-alum engine will last 500K miles (and they have many customers who have 300K+ mi on them) :=] See:

http://en.wikipedia.org/wiki/Toyota_UZ_engine

http://en.wikipedia.org/wiki/Lexus_LS

http://us.lexusownersclub.com/forums/index.php?showtopic=4507

In addition, these vehicles have 10-12 coats of paint and if garaged for their life, look new after 20 years. Some model years have better-quality interior leather than others, though.

When you also take into account sales tax, tags, annual registration fee and insurance, it’s a lot cheaper to fix Toyota products and drive them into the ground, IMO, no matter what their current value . . . that is, if you don’t mind driving a vehicle without the latest gadgets.

As you can see here, I’ve always been partial to Toyota products due to their superior reliability.

[Coronita]

with pending parts shortage/etc, I wouldn’t be surprised of you see some price increases from cars made in Japan.

German cars are heavily discounted these day. I got $7500 off in february…It was $2500 below the best deal that even Costco could get.

I didn’t finance because the cash deals for me was better.

It seems like those fuel efficient cars (like Prius, which aren’t my cup of tea anyway) are commanding premiums in this environment…

The financing deals are not nearly as good as end of last year, when they were giving both financing deals and rebates….Looks like now it’s just financing deals.

See this thread…

http://piggington.com/ot_inflation_reduxhope_you_folks_weren039t_waiting_to_purchase_a

[Coronita]

with pending parts shortage/etc, I wouldn’t be surprised of you see some price increases from cars made in Japan.

German cars are heavily discounted these day. I got $7500 off in february…It was $2500 below the best deal that even Costco could get.

I didn’t finance because the cash deals for me was better.

It seems like those fuel efficient cars (like Prius, which aren’t my cup of tea anyway) are commanding premiums in this environment…

The financing deals are not nearly as good as end of last year, when they were giving both financing deals and rebates….Looks like now it’s just financing deals.

See this thread…

http://piggington.com/ot_inflation_reduxhope_you_folks_weren039t_waiting_to_purchase_a

[Coronita]

with pending parts shortage/etc, I wouldn’t be surprised of you see some price increases from cars made in Japan.

German cars are heavily discounted these day. I got $7500 off in february…It was $2500 below the best deal that even Costco could get.

I didn’t finance because the cash deals for me was better.

It seems like those fuel efficient cars (like Prius, which aren’t my cup of tea anyway) are commanding premiums in this environment…

The financing deals are not nearly as good as end of last year, when they were giving both financing deals and rebates….Looks like now it’s just financing deals.

See this thread…

http://piggington.com/ot_inflation_reduxhope_you_folks_weren039t_waiting_to_purchase_a

[Coronita]

with pending parts shortage/etc, I wouldn’t be surprised of you see some price increases from cars made in Japan.

German cars are heavily discounted these day. I got $7500 off in february…It was $2500 below the best deal that even Costco could get.

I didn’t finance because the cash deals for me was better.

It seems like those fuel efficient cars (like Prius, which aren’t my cup of tea anyway) are commanding premiums in this environment…

The financing deals are not nearly as good as end of last year, when they were giving both financing deals and rebates….Looks like now it’s just financing deals.

See this thread…

http://piggington.com/ot_inflation_reduxhope_you_folks_weren039t_waiting_to_purchase_a

[Coronita]

with pending parts shortage/etc, I wouldn’t be surprised of you see some price increases from cars made in Japan.

German cars are heavily discounted these day. I got $7500 off in february…It was $2500 below the best deal that even Costco could get.

I didn’t finance because the cash deals for me was better.

It seems like those fuel efficient cars (like Prius, which aren’t my cup of tea anyway) are commanding premiums in this environment…

The financing deals are not nearly as good as end of last year, when they were giving both financing deals and rebates….Looks like now it’s just financing deals.

See this thread…

http://piggington.com/ot_inflation_reduxhope_you_folks_weren039t_waiting_to_purchase_a

[CAwireman]

We bought a Toyota Camry, XLE model for my wife. We held off buying despite really needing another car to make sure our FICO/credit was the best possible for the home purchase.

But would have been great to take advantage of the end of year stuff in 2010.

[CAwireman]

We bought a Toyota Camry, XLE model for my wife. We held off buying despite really needing another car to make sure our FICO/credit was the best possible for the home purchase.

But would have been great to take advantage of the end of year stuff in 2010.

[CAwireman]

We bought a Toyota Camry, XLE model for my wife. We held off buying despite really needing another car to make sure our FICO/credit was the best possible for the home purchase.

But would have been great to take advantage of the end of year stuff in 2010.

[CAwireman]

We bought a Toyota Camry, XLE model for my wife. We held off buying despite really needing another car to make sure our FICO/credit was the best possible for the home purchase.

But would have been great to take advantage of the end of year stuff in 2010.

[Author]

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