Thanks for all the advice guys, I really appreciate it. I have no problem walking away if I have to, but I also don't want to tell the dealer to pound sand for something that turns out to be totally normal lol.
Quote:
Originally Posted by twitchyzero
dont openly disclose you're not financing/not trading in
|
I already messed that up, I told them I didn't have anything to trade in. Derp. If I end up far enough down the line that the car is more than a year out for delivery I'll likely get something actually worth trading in to get me by in the meantime. I assume they don't want my Jeep
Quote:
Originally Posted by 320icar
2. Be aware of the finance rates. Toyota loves to push their in-house 5.99% which is crazy high. Don’t be shy about “paying cash” by getting a loan from your bank seperately and dealing with them. On those hot-hatch kind of cars, usually around 2.99% is an alright interest rate if you are doing the zero down thing. [edit] this will wildly vary between people and cars. Toyota often offers the Corolla at 0%, but the Tacoma is pretty much always 5.99 regardless of credit score. There may also be ways to get good interest rates through HELOC but that’s totally not my knowledge base, so don’t ask me anything about that.
|
I've been poking around the site, 2.99% is the lowest I've seen and better than what I can currently do privately (just). I'm curious if that has to get locked in when the car is allocated, or closer to when it arrives. I'm also wondering if anyone knows about paying it off early. I assume there's some fee to set up the financing and a fee for just lump sum paying it off? In which case I might be better off paying a slightly higher interest rate using my LOC to be able to do whatever I want to the loan later.
Quote:
Originally Posted by 320icar
For a lot of us there is zero point in getting an extra warranty because we will void it.
|
I definitely don't understand what Toyota's "Extra Care Protection" is. I kinda get the longer ones, but when the base warranty is 36/60k why would I pay to have 36/80k? Either way I doubt I'd get one but it's odd.
Quote:
Originally Posted by 320icar
5. I’ll repeat myself, always be prepared to walk away. I’ll also add on to follow your gut. If something seems confusing, stop and have them explain it. If something feels wrong, follow your gut. They are salesman working on commission, their job is to bleed as much money as they can. Always be careful.
|
I'm assuming too that I can just tell them I need time to think about something. Usually when something is on the up and up there's no problem with that, but when it's shady people don't like it.
Quote:
Originally Posted by 320icar
7. In the vein of “add ons”. Watch out for what they might call PPF. I had a friend buy a paint protection thing from Volkswagen, the way they explained it was that it was a full clear PPF wrap. Turned out to just be ceramic coating and he way overspent on it. Again, just make sure to use your brain and ask questions
|
They usually farm that stuff out too don't they? I might get some PPF and tint but just take it to a local place myself.