0% for 84 months?

Discussion in 'Dealers & Pricing' started by tgpii, Apr 21, 2020.

  1. tgpii

    tgpii Member

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    THANK YOU ESSENTIAL WOKERS!

    I am not sure if this is the right forum/thread for this. If it is not please let me know. I am not sure if this is the right forum/thread for this. If it is not please let me know. Also, if there are similar post PLEASE let me know! Toyota is not offering 0% for 84 months but the competition is. The Corolla has .9% for 60 months. The Corolla Hybrid has 2.9% for 60 months. I emailed/Facebook Toyota but got ignored. Yes I did try Google.

    THANK YOU ESSENTIAL WORKERS!
     
  2. bisco

    bisco cookie crumbler

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    wait on it...
     
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  3. Georgina Rudkus

    Georgina Rudkus Senior Member

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    I'd hold off, too.

    This is apparently not even the beginning of the coming depression.

    During the Great Depression, they could not even sell cars. A lot of them were crushed for salvage.
     
  4. fuzzy1

    fuzzy1 Senior Member

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    New car sales are now banned (Washington State), except for certain special circumstances, so incentives are quite useless here.
     
    #4 fuzzy1, Apr 22, 2020
    Last edited: Apr 22, 2020
  5. RRxing

    RRxing Senior Member

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    If you need to take a 7 year car loan, you'll be underwater in no time...
     
  6. farmecologist

    farmecologist Senior Member

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    You guys are still buying cars..eh? In this environment, I'm happy with my 2010 and 2012 v (wagon)...thanks very much. (y)
     
  7. Georgina Rudkus

    Georgina Rudkus Senior Member

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    There will be a large glut of late model SUV's from those not being able to make their payments. Used cars will plunge in value.
     
  8. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Usually you can cut a much better deal without the "teaser rates" that they're offering....and generally speaking "well qualified buyers" are smart enough to finance their cars with much lower loan terms (lengths.)
    I'm old enough to remember when financial advisers said that you were a moron for financing a car for 60 months.

    Still......
    Zero IS Zero.
    Sooner or later some car company or other is going to offer up the teaser rate without making the 'mark' give up other incentives and this might make some sort of sense if you squint your eyes and hold the papers juuuust right.
    If you HAVE to buy a car.....I'd still recommend doing all of the usual "informed buyer" stuff - and then see if they offer you the teaser rate after you've negotiated the deal.
    My experience is that they won't.....or if they DO, then maybe you're still leaving a lot of money on the table and perhaps you need to engage some professional buying help.

    However (comma!) if you don't hafta?
    SMART money might tell you to wait until the COUNTRY is on a little more firm financial footing before tying up $30,000 on an impulse purchase.
    Car sellers are open in my town, and in my state.

    I see commercials stating that they're open and taking all of the usual safety precautions.

    ...There's just nobody buying right now.
     
  9. Georgina Rudkus

    Georgina Rudkus Senior Member

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    During the Great Depression, grandfather Jurgis bought a nearly new Model T for the price of a week of groceries. There was no-one with case, so even the groceries were cheap. Farmers, like today, could not sell their corps and plowed them under.
     
  10. farmecologist

    farmecologist Senior Member

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    Maybe they can give us the 'crude oil special' ( i.e. - negative ) interest rate....then I might be tempted! (y)
     
  11. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    ...STILL gotta pay tax, title, tags, and insurance.

    Might STILL be too expensive if you're selling apples on the sidewalk and fighting people for park benches to sleep on......
     
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  12. Georgina Rudkus

    Georgina Rudkus Senior Member

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    They might not do that, but they might sell them at a loss just to get rid of them and to keep their workers employed.

    A lot of European countries have learned, that in past recessions, to sell production at a loss, than to pay welfare or to pay for law enforcement costs to curb social violence from idle workers.
     
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