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Need help with purchase decision!

Discussion in 'Newbie Forum' started by sarir97, Jun 28, 2013.

  1. sarir97

    sarir97 Member

    Joined:
    Jun 24, 2013
    265
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    Location:
    Scottsdale, Arizona
    Vehicle:
    2013 Prius
    Model:
    Four
    Guys, I need advise. I want a very specific color combination in the Prius 4. None was available in Arizona. I reached out to Dianne Whitmire and she managed to snatch one for me and will arrange for shipping to Arizona. The good side: I get the car in the color scheme that I want, with 0% financing. Sweet! The bad side: I can't trade my car, and have to go through the hassle of selling. I have yet to sign any documents though...

    Now just yesterday, a dealer contacted me via Carwoo to say that he'll be getting my exact car (fresh off the boat from LA harbor) in mid July, and the $$ deal is as good as Dianne's. I'll be able to trade in my vehicle, but the 0 APR will expire by then...

    So if it were you: go with out of state dealer purchase, use 0 APR, and sell own vehicle or ... use local dealer, take advantage of hassle free trade, but risk losing 0% APR or additional incentives?
     
    #1 sarir97, Jun 28, 2013
  2. rdgrimes

    rdgrimes Senior Member

    Joined:
    Jun 7, 2013
    1,740
    444
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    Location:
    New Mexico, USA
    Vehicle:
    2018 Prius Prime
    Model:
    N/A
    I'm pretty sure that 0% will continue on the 36 mo term, and less than 3% at 60 mo.
     
    #2 rdgrimes, Jun 28, 2013
  3. PruisAz

    PruisAz Member

    Joined:
    Sep 8, 2012
    140
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    Location:
    Mesa, Az
    Vehicle:
    2012 Prius
    Model:
    Three
    In spite of the recent FED actions, Prime rates have still been untouched at 3.25%. The prime rate is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans. This doe not mean Toyota would act to halt 0% APR financing of course. You are also allowed to put up to $5k down on the financing deal using your card, until you sell your previous car outright. This might give your time to sell your car on your own at top dollar. I did that.

    Your putting a lot of pressure on yourself with such a specific search with the added pressure of interest rates in the future. Good luck to you with your Az hunting.
     
    #3 PruisAz, Jun 28, 2013
  4. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    107,755
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    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    i'd go with princess di over an unknown deal. if you don't want the hassle of selling privately, you can sell it to carmax, etc.
     
    #4 bisco, Jun 29, 2013
    Chris S likes this.
  5. frodoz737

    frodoz737 Top Wrench

    Joined:
    Aug 26, 2010
    4,297
    2,347
    33
    Location:
    Texas
    Vehicle:
    2015 Prius
    Model:
    Four
    Why not just drive to California and trade/deal with Di directly? You can TTL it when you get back home? Just did this with my Mother-in-Law (TX/LA) about 8 months ago.
     
    #5 frodoz737, Jun 29, 2013
  6. sarir97

    sarir97 Member

    Joined:
    Jun 24, 2013
    265
    74
    0
    Location:
    Scottsdale, Arizona
    Vehicle:
    2013 Prius
    Model:
    Four
    Thanks for everyone's input. I simply don't have the time to drive out to LA for the trade. The car deal here with the local dealer is as good, so it just makes no sense to do that. Carmax is an option, but I feel I'll get a better price at trade-in; there's just no negotiating power with Carmax, whereas with a trade, they won't sell the new car if we can't agree to a fair price. At the end, I had to apologize to Lady Princess Di. I'll take my chances with the new APR, and I can buy it off cash if I had to.
     
    #6 sarir97, Jun 29, 2013
  7. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    107,755
    48,969
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    all the best!(y)
     
    #7 bisco, Jun 29, 2013
  8. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

    Joined:
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    Location:
    Sanford, NC
    Vehicle:
    Other Hybrid
    Model:
    Limited
    Another option. Put you car up on craigslist. My last 2 both sold within 3-4 hours. Took less than an hour of my time and I had cash. If the car is right, the ad is honest and the price is right they sell. Then go fly out to di and get the car. For my wife's car I went 280 miles or so to save over $1k over local dealers.
     
    #8 mikefocke, Jun 29, 2013
  9. eliotb

    eliotb Junior Member

    Joined:
    Jun 23, 2013
    64
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    Location:
    Northern Virginia
    Vehicle:
    2014 Prius
    Model:
    Five
    I would opt for the local dealer. negotiate your deal, then give them the CarMax offer and ask them to match it. that's what I did with my purchase two weeks ago of my first Prius, a Five all tarted up in the color my wife wanted (silver). I have sold a couple of cars on craigslist, but in my case it took a little while and lots of emails to unload a vintage Volvo 940 wagon. I probably should have done it with my recent trade (a 2003 Camry with 48,000 on it), but I opted for convenience.

    Frodoz737 -- your icon looks like a 737-800 or 900 wing in Southwest livery. Right?
     
    #9 eliotb, Jul 4, 2013
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