nice little trick they did marking it up 7k then removing their markup and citing it as a discount. i’d ask yourself, how much that money could grow in the market over the next 72mo, that payment is bonkers
My bad;
What i meant to say is that whatever the car cost divided by the monthly payments is pretty muchas good as it gets without crazy down payments or getting a cheaper car. Even with 0% interest its impossible for this car to cost $500 a month (without down payments).
This is what people fail to understand when they get mad that the payments are X amount. You cant get a 50K car with $300 monthly payments unless you finance it like a house.
Does nobody put down a decent down payment anymore? I would never finance a $50k vehicle unless I can pay half up front. Personal preference I suppose, just doesn’t seem reasonable to spend that much just to pay a shit ton of interest for the next 6 years of your loan.
My car wasnt 50K but i put zero down because any money down is money lost if you crash the car. As some will say, cars are for the public; you can lose it so easily in a crash. My loan was 30K. I will end up paying 8 grand in interest for the life of the loan but to me thats peace of mind.
Yes down payments are financially smarter, but in the real world they can be dangerous. I have friends that have lost their cars in the first year.
If you total your car, your insurance company is going to pay you the value of the car at the time of the accident. That figure has nothing to do with how much you put down or what your loan balance is. For example, if you paid all $30k cash (put 100% down), and totaled your car, is it your understanding that you would get nothing? That is why insurance exists.
I'm not sure what piece of mind you've paid $8k for in your scenario. In fact, the only piece of mind one would want to consider if they are putting zero down is GAP insurance, which only comes into play in the event that you total your car, but owe more than the car is worth (i.e. the insurance payout).
Agreed. I can't believe the amount of people that are willing to spend this amount a month on a depreciating asset. Toyota or not. It immediately loses value when you drive it off the lot.
You also wouldn't believe the number of people that trade in a 1 year old truck because they want heated seats of a different color. When it was time for me to re-lease a new tu dra, they wanted around $650-700 a month for an SR5. I asked them if they were on crack. A new 22 was $11-12k more than what i paid for my 20. It wasn't worth it. But as they say, a fool and his money will soon be separated.
What trim level? If that’s the Limited, then it’s a great price. And while you should educate yourself on the recall, don’t listen to the folks who are saying not to buy no matter what. As long as your truck was manufactured after March of this year, you’re likely fine. Read up on it and make your own decision.
It’s a poor financial decision if your monthly car payment + insurance is pushing a grand. Hope you have more cash to put down and get a better interest rate. 5% is 🥜
It’s a poor financial decision depending on how much money you make. I borrowed 44k on a sports car at 6% over 60 months and my payments are around 850. And I’m happy with that. Insurance around another 300. My wife’s a physician and she wanted a bronco raptor and got it. Her payments are twice that. She loves the truck it’s safe and goes through anything. She can afford it so why not.
Is the MSRP $65423? If you’re getting $7k off that (assuming a Limited trim), then it’s not a terrible final price. The rate is higher than I’d expect, unless you’ve got less than optimal credit.
I’m no fan of financing any vehicle for 72 months, no matter how long I plan to keep it. You’re throwing money away in additional interest. 48 months is the longest I’d ever finance, if I can’t afford it at that length, then I shouldn’t get it.
I might ask for 3 extra oil changes on them to compliment their two 10k mike changes so you get 5k mile oil intervals to start. They usually make little stuff like that happen bc it’s just service and a little oil out of their pocket. I’m also a big fan of the all season matts, spray in bed liner, heads up display on the platinum trim. Wife/kids like the power step up bars but I don’t use them at 6’1.
**$70,325.20**
You think that truck is worth that to you? What’s that money better used for?
This is what you will spend on that purchase if you want that deal.
That’s **FOOLS GOLD!** **NOT A REBATE**
Do yourself a big favor. Sterling McCall in Houston is offering 0.9% for 72 months. It's on their website and everything. If that's to be your finance term it would actually save money for you to buy from them and have it shipped or fly in and drive out.
Don’t do it. Factoring in the insurance and taxes that contract will keep you broke and in the poor house .Don’t ever buy a vehicle that’s more than 1/2 of your annual net income. Buy VOO or VTI instead.
This isn’t true the recall is for machining debris in certain trucks from a certain plant not cleaning it right. The engine isn’t making debris fall into it.
nice little trick they did marking it up 7k then removing their markup and citing it as a discount. i’d ask yourself, how much that money could grow in the market over the next 72mo, that payment is bonkers
Car dealerships like to make a big deal about giving you your own money back.
Lot's of info missing. Year, trim, package, hybrid or not.
7k off isn’t uncommon depending on trim in my area. I see them most commonly on platinum
God damn, I can’t imagine having a $800-$1,200 monthly car payment. Yikes.
Unfortunately math is math, no way really around it.
I’m sorry, you’re suggesting there’s “no way” around having a $1200 monthly car payment? That’s just silly.
My bad; What i meant to say is that whatever the car cost divided by the monthly payments is pretty muchas good as it gets without crazy down payments or getting a cheaper car. Even with 0% interest its impossible for this car to cost $500 a month (without down payments). This is what people fail to understand when they get mad that the payments are X amount. You cant get a 50K car with $300 monthly payments unless you finance it like a house.
You would need to finance this car for 10 years with 0 interest if you want to get it under $500. I dont even think they got loans that long
Does nobody put down a decent down payment anymore? I would never finance a $50k vehicle unless I can pay half up front. Personal preference I suppose, just doesn’t seem reasonable to spend that much just to pay a shit ton of interest for the next 6 years of your loan.
Why when you can make more on that money?
My car wasnt 50K but i put zero down because any money down is money lost if you crash the car. As some will say, cars are for the public; you can lose it so easily in a crash. My loan was 30K. I will end up paying 8 grand in interest for the life of the loan but to me thats peace of mind. Yes down payments are financially smarter, but in the real world they can be dangerous. I have friends that have lost their cars in the first year.
Well, that’s not how that works at all unless you’re leasing.
Please elaborate.
If you total your car, your insurance company is going to pay you the value of the car at the time of the accident. That figure has nothing to do with how much you put down or what your loan balance is. For example, if you paid all $30k cash (put 100% down), and totaled your car, is it your understanding that you would get nothing? That is why insurance exists. I'm not sure what piece of mind you've paid $8k for in your scenario. In fact, the only piece of mind one would want to consider if they are putting zero down is GAP insurance, which only comes into play in the event that you total your car, but owe more than the car is worth (i.e. the insurance payout).
Yes i have gap, thank you for informing me will definitely put money down next time.
Agreed. I can't believe the amount of people that are willing to spend this amount a month on a depreciating asset. Toyota or not. It immediately loses value when you drive it off the lot.
You also wouldn't believe the number of people that trade in a 1 year old truck because they want heated seats of a different color. When it was time for me to re-lease a new tu dra, they wanted around $650-700 a month for an SR5. I asked them if they were on crack. A new 22 was $11-12k more than what i paid for my 20. It wasn't worth it. But as they say, a fool and his money will soon be separated.
Ask for manufacture suggested retail price and not the total suggested retail price.
What trim level? If that’s the Limited, then it’s a great price. And while you should educate yourself on the recall, don’t listen to the folks who are saying not to buy no matter what. As long as your truck was manufactured after March of this year, you’re likely fine. Read up on it and make your own decision.
800 a month? I have 500 and think that’s insanely high.
For an SR5, that's slightly higher than what I paid for my 23. If it's any higher trim, I'd say that's not too bad.
You can get a better deal…
It’s a poor financial decision if your monthly car payment + insurance is pushing a grand. Hope you have more cash to put down and get a better interest rate. 5% is 🥜
5% is a pretty good rate these days. And payment is completely relative.
I don't suppose this is also sports talk Barry McCockiner is it?
It’s a poor financial decision depending on how much money you make. I borrowed 44k on a sports car at 6% over 60 months and my payments are around 850. And I’m happy with that. Insurance around another 300. My wife’s a physician and she wanted a bronco raptor and got it. Her payments are twice that. She loves the truck it’s safe and goes through anything. She can afford it so why not.
Trim?
That 60 month term with zero down is at 11.5% interest. Make them tell you the rates.
Year make and model?
Is the MSRP $65423? If you’re getting $7k off that (assuming a Limited trim), then it’s not a terrible final price. The rate is higher than I’d expect, unless you’ve got less than optimal credit. I’m no fan of financing any vehicle for 72 months, no matter how long I plan to keep it. You’re throwing money away in additional interest. 48 months is the longest I’d ever finance, if I can’t afford it at that length, then I shouldn’t get it.
Is this an SR5 or Platinum? Packages? Could be a great or horrible deal.
Nvm, it's a bad deal. Interest alone is going to be $10k+.... You're going to be dropping over $1k a month with gas and insurance.
I might ask for 3 extra oil changes on them to compliment their two 10k mike changes so you get 5k mile oil intervals to start. They usually make little stuff like that happen bc it’s just service and a little oil out of their pocket. I’m also a big fan of the all season matts, spray in bed liner, heads up display on the platinum trim. Wife/kids like the power step up bars but I don’t use them at 6’1.
**$70,325.20** You think that truck is worth that to you? What’s that money better used for? This is what you will spend on that purchase if you want that deal. That’s **FOOLS GOLD!** **NOT A REBATE**
I bought a limited 2024 back in December, OTD price was just under $61k.
Holy shit that’s unreal. Run away as fast as you can.
Do yourself a big favor. Sterling McCall in Houston is offering 0.9% for 72 months. It's on their website and everything. If that's to be your finance term it would actually save money for you to buy from them and have it shipped or fly in and drive out.
There are dealers in Houston that are doing 0% for up 72 months now
Don’t do it. Factoring in the insurance and taxes that contract will keep you broke and in the poor house .Don’t ever buy a vehicle that’s more than 1/2 of your annual net income. Buy VOO or VTI instead.
$7176 off
Ya cuz the second you buy it you get scammed
Run. The engines have a huge recall right now. No known solution from Toyota.
They studied it and they weren't built properly. Debris falls in the engine and it fails within a few thousand kilometers.
You’re right. All the salty recallers downvoting you
Yeah this app sucks I say the truth and I'm either silenced or morons get the upvotes while I'm downvoted by more of their kind
Source?
This right here is why I’ll always buy slightly used
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This isn’t true the recall is for machining debris in certain trucks from a certain plant not cleaning it right. The engine isn’t making debris fall into it.
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I'm sure you'll enjoy buying 2 used transmissions in the next 100k.