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New incentives...

Discussion in 'Dealers & Pricing' started by jordanr, Oct 5, 2010.

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  1. jordanr

    jordanr Member

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    Thought this would be a great heads up...just got an email from a dealer nearby (Davis, CA) about some details of new incentives starting October 5th.

    "Toyota just enhanced their promotions on Priuses starting October 5, 2010. In addition to special rates or $500 rebate, they added a $1000.00 down payment assistance when you buy or lease a new 2010 Toyota Prius."

    Wish he included the APRs. The previous rebate was $750.

    Seems like a decent deal if APRs either stay the same or even better and bring back 0% for 60 months to California *crosses fingers*

    I'm thinking we'll be purchasing our III this month. I am curious though what the next incentives will be and when they new 11's will be coming out. From what I read, Toyota's sales haven't increased as much as the other makers have. Bad for Toyota, good for us.
     
    #1 jordanr, Oct 5, 2010
  2. MikeR5

    MikeR5 New Member

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    $1,000 down payment? Mmm wonder what that means
     
    #2 MikeR5, Oct 5, 2010
  3. jordanr

    jordanr Member

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    I'm curious as well. They have programs like this for homebuyers. I think it was determined based on your income or if you're just a first-time buyer. Don't quote me on that though I'm not even sure if that's how the program works.
     
    #3 jordanr, Oct 5, 2010
  4. MikeR5

    MikeR5 New Member

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    My dad said in CT he saw an ad where a dealer would match your $1,000 down with another $1,000. We'll have to see I guess.
     
    #4 MikeR5, Oct 5, 2010
  5. jordanr

    jordanr Member

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    If that's how this program will work then this sounds very inticing. We will be trading in a 2006 Corolla S and if the dealer will match $1000, I'll be glad to put up $1000 on top of the trade-in.
     
    #5 jordanr, Oct 5, 2010
  6. MikeR5

    MikeR5 New Member

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    So far can't find anything for the new incentives. Thought they usually came out the day after the old ones end.
     
    #6 MikeR5, Oct 5, 2010
  7. jordanr

    jordanr Member

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    Same here can't find any new incentives. I'm sure they'll be put out there though. I wouldn't expect this dealer to email me false information just to get some business from me lol
     
    #7 jordanr, Oct 5, 2010
  8. MikeR5

    MikeR5 New Member

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    Looks like it's jsut some financing stuff - 0% while no lease deals and they even went up due to residuals. Which I always wondered if residuals really matter. #1 if you aren't planning to buy the car then they really don't. #2 aren't the negotiable at the end of the lease anyway?
     
    #8 MikeR5, Oct 5, 2010
  9. jordanr

    jordanr Member

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    actually i've seen some of the toyota dealership sites being updated today...here's the quote...

    "10 Years of Prius in the U.S. Celebrate with a $1,000 Cash Match from Toyota"

    I just sent off a message requesting more info about this.

    As far as residuals I'm not too sure. Not really familiar with leasing. I always thought residuals were pretty much set at a certain price...No clue though. :\
     
    #9 jordanr, Oct 5, 2010
  10. MikeR5

    MikeR5 New Member

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    Oh cool- I'll keep checking here. I know Dinanne is the go to person for SoCal- but she hasn't mentioned this $1,000 cash match yet.
     
    #10 MikeR5, Oct 6, 2010
  11. DianneWhitmire

    DianneWhitmire High PRIUStess

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    I've never heard of it ... so they must be doing it in a different part of the country.
     
    #11 DianneWhitmire, Oct 7, 2010
  12. jordanr

    jordanr Member

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    Ya I've seen a few in the Norcal area already....also 0% at 60 months. It's tike for me to purchase a prius lol
     
    #12 jordanr, Oct 8, 2010
  13. mainemanx

    mainemanx Member

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    #13 mainemanx, Oct 8, 2010
  14. venividiviciii

    venividiviciii New Member

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    2010 Prius 0% APR plus $1000 down payment match
    0% APR PLUS $1000 down payment match
    or $500 cash back plus $1000 down payment match
    Includes Toyota Care

    Offer Ends 11/1/2010
    Financing available only through Toyota Financial Services to qualified buyers with premium rated credit. Down payment match must be applied to transaction. 60 monthly payments of $27.78 per $1,000 borrowed. No down payment required if qualified. Cash back not available with special APR. Offer ends 11/1/10.

    live in LA but had to be in mountain view for 2 weeks and this is their deal.

    Why isn't socal offering these deals or at least matching it.
     
    #14 venividiviciii, Oct 9, 2010
  15. jordanr

    jordanr Member

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    Even some of the dealer's financing is different around me..some have 0% for 60 months or 0.9% for 60...going to drop by and see for myself
     
    #15 jordanr, Oct 9, 2010
  16. Paul58

    Paul58 Mileage Miser

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    Different dealership use different banks, these various finance rates may not necessarily be through Toyota Financial...
     
    #16 Paul58, Oct 9, 2010
  17. jordanr

    jordanr Member

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    Oh I see...I thought what they advertised was Toyota's. Learned something new :)
     
    #17 jordanr, Oct 9, 2010
  18. Paul58

    Paul58 Mileage Miser

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    When I bought my Prius there was a local dealership offering 0%, but when I asked the dealership I purchased from they said the lowest they offered was 3.9%. I can only assume if the rates were through Toyota Financial they would be the same throughout the region. We were fortunate enough to get a good amount for our trade and an awesome deal on the Prius, so we put the $3K difference on our credit card (to get the points) so I wasn't to concerned about the rates. I also found out that I would have paid considerably more if I had taken the reduced interest rate, so we made out much better the way we went...
     
    #18 Paul58, Oct 9, 2010
  19. jordanr

    jordanr Member

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    How would you have paid more with 0% interest? I'm lost now lol
     
    #19 jordanr, Oct 9, 2010
  20. DianneWhitmire

    DianneWhitmire High PRIUStess

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    Jordan, I am thinking that some dealerships do things that enable them to offer a lower rate than what's special published. Things like charge more for the car, specifically. For example, if someone wanted 0% when I do not have it available, I have to calculate the difference in the interest between 48 months @ 0 or 48 months @ 0.9 like we have now... because when it's written at 0 and that's not available, the bank (TFS) will charge US back the rate difference. As long as there is enough profit in a deal, we can do that. Capische?


     
    #20 DianneWhitmire, Oct 9, 2010
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