I'm paying $388.88 a month for a yaris.

[waylandchin]

It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance.

how much are you guys paying?

should I use my mom's credit to refinance? she has a credit score of 697

[ROCKLAND TOYOTA]

i pay 284.00 a month with 2g's down and no co-signer....

[Black Yaris]

$215

[Slummy]

$290 w/ $1500 or $2000 down. Cant remember which.

[the_boss]

275$ CAD lease, basic manual 5 dr....no down, good credit...

[jamal1984]

$500 a month for 2 years, 2 thousand down.

[msagowitz]

Oh man. I really hate tell you this, but you got ripped off really really bad. If your mom is willing to cosign for you, you should have done that to begin with. 72 months is WAY too long to finance a car. You should really only do 48 months, 60 at the very most. If you can't afford the payments at 48 or 60, then buy a cheaper car. $700 for gap and $1980 for your million year warranty was a waste. How much did you pay for the car itself? Listen to Clark Howard on talk radio, or at least go to his website. You'll want this to be the only time you've thrown thousands of dollars away. I'm actually surprised you got a 12% rate with a 604 credit score. That dealership has got to love you.

[brickhardmeat]

250. 60 month term

[PetersRedYaris]

$1500 down, $247/month.

[Nimble]

O-M-G OP you're getting ripped. Lol how can one person (you) drive a Yaris at an overall cost of $25K+, and another (me) hand over $12900 in cash and be done with it? Unbelievable. I'm stunned.

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty. Same deal with the gap insurance....waste.

[ChinoCharles]

$1500 down, $247/month.

Exactly.

[Chris07LB]

$197 until I bought it.

[IllusionX]

i'm leasing mine.
339.54$ a month.. untill i buy it. with 6.5% APR.

if i were to finance the car... 22860.65$ or 440.90$@5.9% for 60months

hey, don't forget the currency is The Canadian Dollars. :)

[Unknown_Epiphany]

265 a month with 6k down. I will be paying it off by Dec 31st though.
Every cent I own is going to go towards this car.

[Nimble]

265 a month with 6k down. I will be paying it off by Dec 31st though.
Every cent I own is going to go towards this car.


That's a nice way of planning. Good for you. :smile:

[Black Yaris]

my wife pays the bills, she tells me she pays $500 on my car a month to pay it off early, I just remember the payment was $215 when we signed the paper work... hell if I know, I don't ever see any money, bills, nothin, kinda nice :)

[Unknown_Epiphany]

Then the real fun will begin with this car after I own it.

[Nimble]

Then the real fun will begin with this car after I own it.

That's what I have been telling myself since I bought it. My sensible side has won, and I've only dropped it. But my nonsensible side is about to buy a Recaro driver's seat and some wheels. Haha :wink:

[Unknown_Epiphany]

Lol, this is such a different car then my old cars. Before now I have only really driven GM's. 1982 Chevy Caprice, 1990 Cutlass Supreme, 1992 Cutlass Supreme, 1992 Cavalier, 1998 Buick LeSabre ( Mom's car), 1995 Cutlass Ciera.

I am going to be getting CAI, lower it, lighten it a bit, and Maybe look into some other HP gains. I am too used to 6 cyclinders.

[Lickitung]

$250 a month, 2,500 down.

[blacksan]

$70.00 and change per month with $10,330 down. :thumbsup:

[sf180th]

$273 Per month with $3000 down, plan to pay it off in the next month or two with the settlement check from my motorcycle accident!!! YIPPIE!!

[static808]

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty.

+1

its the reason we bought toyotas, so we wouldnt have to buy extended warranties. you can still get a refund for your warranty if done though toyota corporate. it may be prorated from the day you purchased it, but some money back is better than nothing. if you got a third party warranty, you may be SOL. and like others have said, if you can refi and change to a 48 month plan, please do so. these lingering payments over 6 years can possibly ruin what should be a joyous purchase. hope this helps a bit..

--B

[waylandchin]

thanks guys. I can still cancel the extended warranty. I've got 60 days to cancel it. I don't know about the gap insurance though. isn't gap insurance a good idea though? If I total the car then they pay the difference between what the insurance company pays and the total loan amount.. and I can get my mom to refi for me. btw, the total price of the car is $15,305 including delivery and processing.

[waylandchin]

do you guys know how the credit system works in other countries? ie If I wanted to start a new life in europe, will I have a clean credit slate? which credit reporting agencies do they use?

[wagoneer]

$271/mo

Liftback, manual, convienence pkg

no money down, 7.25 APR, 60 months

[Dbeau]

$1000.00 down, $350.00/month Canadian for Sedan S Auto

[static808]

thanks guys. I can still cancel the extended warranty. I've got 60 days to cancel it. I don't know about the gap insurance though. isn't gap insurance a good idea though? If I total the car then they pay the difference between what the insurance company pays and the total loan amount.. and I can get my mom to refi for me. btw, the total price of the car is $15,305 including delivery and processing.

no probs. plus, about the gap, i think here in CA you may need it to drive the car off the lot, that and/or proof of insurance, especially on a new car with very little down. im not 100% sure though, but keep the gap, lose the extended warranty, and reschedule/refi soon! good luck...

--B

[Nimble]

no probs. plus, about the gap, i think here in CA you may need it to drive the car off the lot, that and/or proof of insurance, especially on a new car with very little down. im not 100% sure though, but keep the gap, lose the extended warranty, and reschedule/refi soon! good luck...

--B

Agreed, keep the gap, I've never had it, but the most I finance is about 50% of the car's value. Since you financed it all, keeping it for only $700 is a good idea. But really, what could go wrong with the car that warrants an extended warranty? These cars are made pretty simply and thus, shouldn't encounter weird problems even into the 100K mile range. Especially mine, which doesn't have power windows or locks to break. :thumbup:

[ZeeksRsBlast]

2007 RS 4 door hatch.... $3500 down... $245 a month for 60 months. I think its a great deal!

[dr_evo]

that is a little bit high. I am paying 430/month on my evo 8 which was almost 30,000 before ttl and i got it new in 05. Im now paying 154/month with a base LB Yaris with a 2,500 down. I did not get gap (in California) since they realized that the value of the car is so small anyway that I can just pay for the gap outright if in case the inevitable happens. oh yeah one other thing, both my cars are financed 72 months since i structure my finances differently. i realized that i can put in the same amount in the bank and still gain .5% of my principal in the end of the term of the yaris. the evo however is financed 0% so there is not point in paying it off.

i suggest cancelling the extended warranty. it is therefore a toyota anyway. :) it starts to break down over 100,000 which may be well over your extended warranty.

[Nimble]

that is a little bit high. I am paying 430/month on my evo 8 which was almost 30,000 before ttl and i got it new in 05. Im now paying 154/month with a base LB Yaris with a 2,500 down. I did not get gap (in California) since they realized that the value of the car is so small anyway that I can just pay for the gap outright if in case the inevitable happens. oh yeah one other thing, both my cars are financed 72 months since i structure my finances differently. i realized that i can put in the same amount in the bank and still gain .5% of my principal in the end of the term of the yaris. the evo however is financed 0% so there is not point in paying it off.

i suggest cancelling the extended warranty. it is therefore a toyota anyway. :) it starts to break down over 100,000 which may be well over your extended warranty.

Ahha my good friend! You got in on the 05 end of the year 0% on Evo deal! Amazing deal huh?! I *almost* bought a Evo 8 RS for invoice and they'd throw in the 0% financing. Slaps head for not doing it. :hitcomputer:

[Blenjar]

Nice set-up u got dude...

well I got it all..i know it was dumb..my car out of the door was 16k with a 8% finacing on a 60 month.

Its 324 a month.
My dad will only help me until the 30th month, after that I'm on my own...
What do you suggest other than saving big cash and paying off the remaining in 1 hit? re-finance with lower APR in near future perhaps?

And how do you get that .5%+?

-- Blen

[yrsdrgn]

i pay $240/mo for 36mo. put 8k downpayment.

reason why it's for 36mo is because i get minimum wage at work and insurance went skyrocketing after i totaled my Tc.

[Vervepipes]

325/month lease, zero down, 4000 owed added to the cost after trade in. (It woulda cost that much in parts and to have some work I cant do to get it in shape to sell private... damn Ford...)

[thomasward00]

8K down, 07 Yaris Sedan automatic, with 7yr 100k bumper to bumper was 14,500 out the door including tt&l. I'll have this puppy paid off within 2 months.
I'm working on a contract here in New Orleans right now, I make 30 bucks an hour tax free, so i'm putting all of my cash towards paying this car off as fast as possible, I'm gonna put some 17 inch rims, tint the windows and be done with it. Once I've found permanent employment, i'll sell this car and buy my Acura TSX. But the Yaris is a cool economy car. Although it doesn't matter to me my note is like 153.00 per month. I'll be making 2 payments of 3250.00 and be done.....

[dr_evo]

Ahha my good friend! You got in on the 05 end of the year 0% on Evo deal! Amazing deal huh?! I *almost* bought a Evo 8 RS for invoice and they'd throw in the 0% financing. Slaps head for not doing it. :hitcomputer:

yeah i jumped on it when i saw it advertised plus i got a graduate rebate which made it more tempting. i was told that the evo 9 was on its way but i knew i could not pass up the 0% and i also realized that the 8 already had all the power i needed. i however realized later on that it could not make almost 300whp,300wtq unlike the evo 9 with just a tune though.:)

[dr_evo]

Nice set-up u got dude...

well I got it all..i know it was dumb..my car out of the door was 16k with a 8% finacing on a 60 month.

Its 324 a month.
My dad will only help me until the 30th month, after that I'm on my own...
What do you suggest other than saving big cash and paying off the remaining in 1 hit? re-finance with lower APR in near future perhaps?

And how do you get that .5%+?

-- Blen
the .5% i meant was if i financed my car for 5.5% and placed 12,000 in the bank on CD for 6%, then i still gained .5% rather than paying for the car outright and i can always divert the money to wherever it is needed.:) hope this clarifies my odd theory. hehe

[graywolf_14]

I pay $396 with 0 down and a credit score of like 520-540. Course I got the 6yr warranty and the gap insurance. It includes stuff like unlimited towing and will pay for meals if u are more than 150 miles from ur house and all kinds of stuff.

[graywolf_14]

Course I am going in the airguard so I am going to put that 7500 on the car than refinance.

[waylandchin]

Wow, graywolf, I thought I was paying high. You just made me feel a little better about my purchase. :-) with a credit score of 520-540, what APR did they charge you?

I have a feeling they have a problem finding a bank to finance my loan though, because I have gotten five letters from various bank that have declined to finance the car. I think the finance manager is farming out my loan to a bunch of banks and has not found a taker yet. But it's been over 10 days already so they can not take the car back, according to the contract. I wonder how this is going to turn out.

[meteorite2007liftback]

I am paying 302.50 on a 4 year loan - I traded in a troublesome 2001 Audi A6 2.7T on the Yaris and I am glad I did, it only had 2 months left on the CPO warranty and had been in the shop for something at least once a month during the short time I owned it. My loan balance on the Audi was like $12342. Credit score is probably under 620. The dealer gave me $12,500 on the Audi and the Yaris sticker was like $11900. I had my stereo shop install a head unit and sub/amp for less than $500 and it sounds great. They also put in a cruise control so I am all set. Cruise, Air and 500 watt sound system less than $13K out the door :)

[graywolf_14]

Well it would be 366 with out the gap which I am going to get rid of to save money. I even had a cosigner that has like a 650 credit score. It was my gf and combined we make like 3400 b4 taxes. I got on the toyota site and it says my payments should be like 290 a month. They are suppose to call me when ever they get me financed and when they do I will tell them I want payments closer to 300.

[YarisKid]

$265/mo - 60mo
1k Down
6.5% APR

-YK

[07YarisOwner]

$4000 down all the extra stuff warranty, gap, and so forth $222.84/72 months

Credit score was 513 wachovia financed we will refi in aug. and get a better rate no doubt!

To the "OP" I think you got screwed BIG TIME!!!!!!!

[death is my gift]

nothing down. crappy ass credit. $358 a month for 72 months.

i went in with a 'good' condition 2004 Pontiac Vibe. was looking to lower my payments by getting a used car, nothing special. walked out making the same exact payments for my 2007 Yaris. i put nothing down and my credit score is below 500.

[ceres]

Aside from gas and the money put aside to replace the rims & stereo/speakers, nothing. Paid for it up front. Put a little money aside every month for a year while I researched cars.
Originally was somewhat set on getting a used Nissan Sentra until I came across an ad for this car on Edmunds.

[Ran Kizama]

I traded in my Mazdaspeed Miata (MX-5 for you non-Americans) which I still owed on. No money down either. I came out a little upside down but not too bad.

$350 a month for 48 months.

Making advanced payments as well to be done sooner. :smile:

[jetaimejsc]

well, i took mine out around 1month 1/2 and i did not make a down payment and my payments are $329.42 a month with some type of toyota insurance they gave me, for 60 months or less, depends if i send extra payment, im currently sending $450, but ill probably stop doing this in a little while

[Imagine]

I'm paying about $295 a month for 60 months with a 6yr/75,000 gold warranty. My interest rate was 6% though, which helped a lot. Had -$200 for my explorer trade-in. No money down.

[jmjonesey]

I'm paying about $295 a month for 60 months with a 6yr/75,000 gold warranty. My interest rate was 6% though, which helped a lot. Had -$200 for my explorer trade-in. No money down.

You got 200 bucks for your explorer? is that a typo? wow what year was it?

I had a POS chevy truck that barely made it down to the dealership
and i got 1500 for it

[Imagine]

You got 200 bucks for your explorer? is that a typo? wow what year was it?

I had a POS chevy truck that barely made it down to the dealership
and i got 1500 for it

:laughabove: No.. I had to carry over $200 which was the difference of trade-in and payoff.:thumbsup:

[kaboom]

wrote'em a check and let'em have my '00 subaru outback w/over 130 k on odo

[waylandchin]

how long does it take to get a lower rate for refinancing?

[Sinaz]

I hope all of you Yaris owners with 72 month loans paying 290+ per month optioned for the gap insurance.

Your car is going to be upside down for most of it's life... and claiming a total loss on an upside down vehicle without gap insurance will put you in a situation where you will NOT have a car and still be paying for it. At the very best, you'll end up with a salvage title and a derelict car... and STILL be paying for it.

[kaboom]

i always paid cash for new cars and took a chance ( never even bought full insurance coverage on any of them - just plain liability)---- and as of today i think i'm about $ 50K richer ........

[Sinaz]

i always paid cash for new cars and took a chance ( never even bought full insurance coverage on any of them - just plain liability)---- and as of today i think i'm about $ 50K richer ........

that's the way to do it... but I always get Comprehensive to cover random acts of a vengeful God...

Plus... have you ever noticed that most policies describe Comprehensive as covering collision with an "animal"?

So, if you ever end up driving off the road and ruining your vehicle... point to whatever bug carcasses are on your grill and windshield and announce "they came outta nowhere!!!!"

But seriously... buyers... if you are going to finance long term. Gap insurance.

[cm07yaris]

I'll be paying $180 a month for 72 months with $3000 down and the $400 bonus for the college grad program!

[kenc9]

12500.00 with 3000.00 down for 72 months 180.00 a month. :headbang:

[kaboom]

total you will pay for car is ca. $ 3500 too much plus you have to buy full coverage ins......... if you are lucky w/ insurance , altogether you will pay ca. $ 100/month more, than you should------------

[88ShelbyZ]

Put $2500 down, no trade, and paying $219 a month for 60 months.

[Elroy]

$138/month for 60 months....traded in 2000 jeep wrangler in fair condition...payment would of been $119/month, but I added the extended warranty. I always keep my cars 6 yrs or longer and end up putting money into them after the normal warranty is up. The extended warranty just gives me ease of mind that I won't have to come up with $1500 at one time...

[kaboom]

Elroy, i wouldn't buy extended warranty on Yaris - you ARE wasting $ 1200. Unless you get bored with it - this little appliance will serve you at least 20 years....... Did you finance "doc. fee" and sales tax, too ?
kd

[Elroy]

I'll take my chance with the warranty...I tend to keep my vehicles for extended periods of times. Plus I have a 16 yr old son and in a couple years if he wants to buy it, he can have the warranty as well. I've bought plenty of vehicles in my life and never ever have gotten the extended warranty, but everytime, I have to sink at least $1000 or more in them for some sort of repair after the warranty goes out. I drive around 20,000 miles a year. I know Toyota are supposed to last a "lifetime", but I also have known people(my parents and in laws included) with Toyota's to have problems as well. And getting them repaired can be costly. At only $19 more a month, it was well worth the peace of mind, that I'm not going have to borrow some money or take out a loan to get it fixed. Plus like I said, perhaps my son will get the car and not have to deal with either. My previous vehicle was a Jeep Wrangler, I had it 7 yrs, but only had 86k miles on it. Last year around 70k miles, I had to have a new radiator, thermostat, etc replaced. A couple months ago it developed either a power steering leak or master cyclinder leak. One(at least) of the rotors were warped and the A/C had it's own mind of when to work. No telling what all those were going to cost to fix. It's a Jeep and they are great. Some have had worsse luck than me and some have had better luck. I'll take the chance with the warranty.

As far as the financing the doc fee and etc, It depends on how you look at it I guess. They gave me blue book for my jeep ($5000). With that and what we bartered to, ended up being almost $7200 off the price of the Yaris. Plus they "threw" in a spoiler. My dealer also offers 5k, 10k, and 15k service free. They also offer a loaner. We bought a toyota sienna in november for my wife and that dealership(different one), doesn none of that. Not even a loaner.

As far as wasting $1200....I'll let you know in about 5 years if I did.

[gm830]

20,000 miles a year?! wow...I remember my parents were about to buy a truck and it was like a 2004 model with 60k miles on it and the dealer was like "that's normal, the average is 20k a year". I just laughed at him and told my mom he was trying a little too hard to make the sale. but i guess 20k is normal for some people :)

[Elroy]

Never heard a dealer say that 20k a year is normal.....especially when you are trading in..they normally stick with the 10-12k a year range...

[captainzerocool]

My Camry has averaged 35K a year....

But I'd say 20K a year is close to normal.

We have a Trailblazer that is rarely (as in once a week) used and it still averages 15,000 a year.

[waylandchin]

I was paying $1980 for an 84 month or 75K warranty. I figure, I won't be In LA so long. I plan on moving to Asia as soon as I get out of my financial rut. However, the toyota financial services rep told me my payment won't go down. It would go toward my principal from now on and I would still be paying $388.88 per month. except not for 72 months any more. less. but I guess the finance manager has not submitted the paperwork yet. since tfs has not received the cancellation yet.

I wonder if the finance manager still wants to hire me. do you guys get that? after you buy the car, the finance manager wants to hire you to sell cars for them? do they do that to everybody?

[kaboom]

it's kinda strange , that they want to hire you " to sell the cars for them" because yaris actually is selling itself...... checked the local dealer's lot yesterday ( place is closed on Sundays) and there was only one demo sedan on the lot with a note attached : IF YOU ARE INTERESTED IN BUYING NEW YARIS PLEASE SIGN IN TO WAITING LIST - INSIDE, AT THE RECEPTIONIST DESK---------------

[Elroy]

yeah...there were 3 LB's on the lot and I don't remember any sedans where I bought mine. And at another place they didn't any and another only had about 3 sedans...

[BailOut]

Zero down, no trade in. $263/month at 8.1%. I'm about to refinance as I can no longer stand Wells Fargo's inefficiency, and expect my new APR to be lower than 7%.

[gm830]

Never heard a dealer say that 20k a year is normal.....especially when you are trading in..they normally stick with the 10-12k a year range...

well this guy was obviously saying anything he could to sell something. i remember him talking about how roomy the backseat of one of the trucks was...and this was not one of those newer trucks with nice comfy back seats, this one had backseats smaller than those in coupes where you have to be squished up sitting sideways to fit in. the dealer was pretty heavy too, me and my mom were just laughting abotu it as he kept talking about how comfortable it is. some people will do anything :laugh:

[Elroy]

should of told him to show you how comfy it was and make hime get in and then do a test drive with him back there....then when you pull up to the dealership...jump out and leave hime there....lol

[boris13]

should of told him to show you how comfy it was and make hime get in and then do a test drive with him back there....then when you pull up to the dealership...jump out and leave hime there....lol

What is "should of"?

Oh, is that supposed to be "should have"?

[kaboom]

What is "should of"?

Oh, is that supposed to be "should have"?

:wink:

[Elroy]

No..I said it the way I wanted....you "should of" realized that!
:tongue:

[boris13]

OK, you're reveling in illiteracy. Fun, I guess. To each their own. :tongue:

I keep forgetting that correct spelling and/or grammar isn't important in today's society. The same could be said, I suppose, for civility... or wearing clothes in public. :eek:

[grampi]

I don't know if you guys have ever used Edmunds.com for pricing out new cars, but here's what it came up with for the Yaris I would order. If I were to order one I'd order a 5 speed LB in absolute red with the power package (PP), cold weather package (CP), rear spoiler (RF), and fog lamps (LF). Edmunds came up with an MSRP of $13925, a dealer invoice of $12,964, and a TMV price of $13,800.

I'm still waiting for my Bro-in-law to call me back (he's a Toyota salesman) to find out if he can cut me some sort of deal. I realize the markup on the Yaris is probably very small and the amount he may be able to save me will probably be small compared to if I was looking to buy a more expensive vehicle. If he's able to save me anything it'll probably be in the neighborhood of $500, but less than $1000, compared to the best I could get from any other dealership. But hey, $500 is $500!

How did/do you guys price your's out? Do you use Edmunds? If so, how close was your actual price to the price on Edmunds?

[grampi]

Oh yeah, according to Eloan, 100% financing of $13800 would work out to $415 a month for 36 months.

[petesimac]

That seems pretty close to what I got. Mine is a 5 speed LB in Meteorite Metallic, with power pkg, cold-weather pkg, side and curtain airbags, arm-rest (which I didn't really want) floor mats/cargo area mat, keyless entry, and abs brakes (gee, I think that's it). The MSRP that I worked up on Toyota.com was about $14,200; their sticker was just over 14,600 and change, and I got it for just over $13,700, which they told me was their invoice for the car. Tax, tag and title brought it to $14,800. Financing, after $500 down-payment, was at 5.89% for 60 months at 276 a month. I'm so happy!

[grampi]

I finally heard back from my Bro-in-law (the Toyota salesman) and he said he can get me the family member discount, though he didn't say just how much it would save me. He did tell me the markup on the Yari is so small (which I already knew) that the savings wouldn't be huge. The savings will probably be less than $1000, but hey, that's some extra money I can put towards a set of tires and rims!

[BlueFlash]

60 months 324 a month 100000mile warranty and 1k down at 6.85%apr but i plan to pay it off sooner

[contraband831]

$153.30 72months 2,500 down- with that credit score i would just stop paying it and let it go, your youngman, your credit will get better, or get your mom to refinance it, or sell it to her, get out of that deal

[kaboom]

[QUOTE=contraband831;91899]$153.30 72months 2,500 down


what is it ? 0% financing ?

[Unknown_Epiphany]

The last 6 months of busting my ass at work have paid off. I just paid off my car in full=) Now all I have to do is to save up for a house.

60 Month Loan Agreement at 14 percent ( no credit at the time ). Paid off in 6 months.

[Vervepipes]

Thats impressive

[kaboom]

oh, yes! we all admire you ! i did not realize they offer 14% apr loans for "no credit applicants"......... with apr that high i would bust my ass at work, too- just to save up and pay the bastards CASH....... by the way i truly hope that with coming high inflation in this country, interest rates on loans will become so ridiculously extortionate that more and more folks will make cash purchases-------- SCREW THE BANKERS

[Unknown_Epiphany]

I work for a bank too lol thats ironic. My bank would not even loan me 5k..

[contraband831]

[QUOTE=contraband831;91899]$153.30 72months 2,500 down


what is it ? 0% financing ?

Almost, good negotiating and the salesmen was a friend, but of course the dealer was not aware of that. :thumbup:

[kaboom]

I work for a bank too lol thats ironic. My bank would not even loan me 5k..

hey, HE WHO IS SCREWED, SCREW WILL ( his own employees - including YOU):biggrin:

[kaboom]

[QUOTE=kaboom;91912]

Almost, good negotiating and the salesmen was a friend, but of course the dealer was not aware of that. :thumbup:

if they lost money on the deal, THE DEALER will find out. That's why your " salesman friend" surely would have not taken the chance to get himself in trouble...... Yes - THEY DID MAKE $$$$ on your Yaris ( on mine, too by the way ):tongue:

[contraband831]

[QUOTE=contraband831;92541]

if they lost money on the deal, THE DEALER will find out. That's why your " salesman friend" surely would have not taken the chance to get himself in trouble...... Yes - THEY DID MAKE $$$$ on your Yaris ( on mine, too by the way ):tongue:

Yes they did make money of the Yaris, he got his commission, they get these cars dirt cheap, along with the corolla. I could not have pulled this off if i wanted a tundra, tacoma, camry, etc... My friend would have not put his job on the line for a couple of hundred dollars, having him there help with the pre haggle BS, but beleive me getting a good deal is not as easy as just having a buddy for a car salemen, you still need to be smart about the situation. The fact is if given the gift of gab use it, most of us could have taken a few dollars off all our payments if we stuck with it. Remember it is okay to say no to a deal, unless that is the payment you are most comfortable with, I could have easily jumped on a $200 dollar payment and i knew as long as i stay near msrp i know they are still making a profit. One thing i did do for them was i bought lunch for 5 salesmen, a couple of costco pizzas I guess you can add another $40 to my down payment.

PS...remember the last day of any month is the best day to buy! It is all about numbers and if they meet sales goals toyota gives them bonuses this equals good deals for us.

[kaboom]

you are right - i bought my yaris on apr. 30th, and my previous car ( subaru outback) on feb. 28th .............

[DorytheYaris]

$325 a month (72 months) $500 down

[kaboom]

Did you get two of them ? $ 23 900 total finance sounds too high for one ...:)

[Kioshi]

Just bought a 07 3-door Yaris LB Bayou Blue last Friday.....with 01 Mitsubishi Mirage ES trade-in (2500) and $1000 extra down.....

Forget the APR but, it came out to be......$307 per month for 60 months..BUT getting that oil service warranty thing..i now have $290/month for 72 months.

[kaboom]

it's another ripoff :(

[DorytheYaris]

Did you get two of them ? $ 23 900 total finance sounds too high for one ...:)

I traded in my 2006 Scion xA, they gave me 10k for my trade and I owed 11k on it I think.. So I financed a LOT..

[Kioshi]

it's another ripoff :(

Yea well I tried. I should've just gave it away the last time when I was about to purchase a base model tC, w/ trade-in of $3500. Miles added up more on the car and the best I could pull out of the snobby manager was 2500 :(.

At least I am enjoying the Yaris more than the Mirage..except my start offs are a little jerky/choking and from changing 2-3rd gear......<---only problem Im having.

[Rain]

It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance.

how much are you guys paying?

should I use my mom's credit to refinance? she has a credit score of 697


wow. that's a lot. I have a lower credit score than yours and almost no credit history but the dealer was only going to give me a 9% APR. If someone co-signed with me, I could get it for 8%. But since I got my Yaris as a gift for my Aunt, she decided to just pay it off in cash instead of having to deal with the interest. My Yaris would have end up at $21,000.

[clayky]

I traded in my 2006 Scion xA, they gave me 10k for my trade and I owed 11k on it I think.. So I financed a LOT..

What was your experience with the xA? I was considering one before the Yari, but they had no sticks on the lot to drive.

Btw, my deal was 60 months@5.5% $300/month

[nickpeth]

i put 500 down and got it for 300/month. i did shell out an additional 70 for the warranty, which is certainly worth the money.
the comment from the dip that says to buy a cheaper car if you can't finance it for less/ payments @ 48-60/mo is asinine.
you bought a reliable car for the money you could afford to spend. refinancing is always an option in the future but you are paying a good price without doing what everyone else did and put a few grand down.

[wax420]

my credit score is a 552 thats bad and i put down 1000 cash plus traded in my 95 caddy which they gave me a 1000 and i only pay 269.03 for 72 months

[smokinyaris]

sorry bro u got JACKED..................................

[whooppee777]

$120/month for 60 months $11,000 cash down payment, 680 credit score. plus i knew the general manager of the dealership so he cut me a damn good deal. 200 over the the regular cost to the dealer, cheap as helllll.

[smokinyaris]

how much u put down again........lol

[DorytheYaris]

What was your experience with the xA? I was considering one before the Yari, but they had no sticks on the lot to drive.

Btw, my deal was 60 months@5.5% $300/month

I really didn't like the way the xA handled. It felt bulky to me. The mileage was so-so, and the interior was personally the only good points in it. The seats were a lot more comfortable, it had a tachometer, exc stereo system, and the storage compartment underneath the ac/heat gauges was illuminated and useful. However, I had an automatic, and the shifter was INCREDIBLY long and very in the way.

The body of the car was high, especially in comparison to the location of the wheels (the wheels look like cheerios on a semi truck!)

I hated the way the exterior looked. I think Scions are ugly in general. Sorry, just my honest opinion.

I'm SO glad the Yaris came out when it did. :bow:

[tmyers82]

The body of the car was high, especially in comparison to the location of the wheels (the wheels look like cheerios on a semi truck!)




:bellyroll: .

[DjT]

Fully Loaded 2007 RS 4door HB - 300$ CANADIAN - No Money Down / 60months

[9vapors]

$230 a month, $500 down, 72 mos... Will have it payed off pretty quick though.

[solarVitz]

$235 for 72 months with 0 down and 6.25% apr.

[adamschneider]

$0 for 0 months with $12700 down and 0.00% APR. :smile:

[cherry_girl]

$241/month with $3,400 down....7.5% APR....72 months.
I'm trying to pay it off early though.

[regime]

right now I'm paying 400 a month... to my savings account. until i have 12000 and can pay for it in cash...

one of the best money lessons you will ever learn in not to pay for finance charges on something that loses value...

your basically paying for 2 cars and getting 1, just because you had to have it now and not wait..

but if you really needed it... you got it =)

[duck]

got a sedan
$7,000 down
$340 a month for 24 months at 0.00% APR
The dealership can give you any interest rate you want regardless of credit score from what I've seen.

[Abodame99]

$279/month for 60 months with 0 down and no cosigner

[BlueLiftback]

right now I'm paying 400 a month... to my savings account. until i have 12000 and can pay for it in cash...

one of the best money lessons you will ever learn in not to pay for finance charges on something that loses value...

your basically paying for 2 cars and getting 1, just because you had to have it now and not wait..

but if you really needed it... you got it =)

Actually one of life's lessons should be to NEVER pay for a depreciating asset in it's entirety (i.e. pay cash for a car).

You would be far better off paying 6.5% or less on a loan, or better yet LEASING, and throwing all of your cash at an APPRECIATING asset like property.

That way, not only can you offset the cost of the financing, but usually can end up making $$$ at the same time...

Never pay cash for anything until it has fully depreciated.

[adamschneider]

It all depends on the rate of return on your appreciating assets. My savings account gets somewhere around 5%, and the best rate offered to me on the Yaris was somewhere around 6.5%; in this case paying cash made more sense. If they'd offered me an APR below 4%, I would have financed.

[Thirty-Nine]

got a sedan
$7,000 down
$340 a month for 24 months at 0.00% APR
The dealership can give you any interest rate you want regardless of credit score from what I've seen.


How'd you manage a 0% APR from Toyota Financial?

[duck]

Actually one of life's lessons should be to NEVER pay for a depreciating asset in it's entirety (i.e. pay cash for a car).

You would be far better off paying 6.5% or less on a loan, or better yet LEASING, and throwing all of your cash at an APPRECIATING asset like property.

That way, not only can you offset the cost of the financing, but usually can end up making $$$ at the same time...

Never pay cash for anything until it has fully depreciated.

i'm not a banker, although I do work with them, but I don't agree with what you said. a car depreciates, yes, but also can be a necessity. For most people, paying off a car sooner is better unless you get a great interest rate (under 5%). I say 5%, because I can make more than that in my savings account. You can say even 7% is a good deal because other types of loans are much higher in interest, but a car is usually for 5 years and those other loans are 15-30, so it's hard to compare the two.

[duck]

How'd you manage a 0% APR from Toyota Financial?

They wouldn't let me leave until I bought the car. First they tried jacking the MSRP by $5,000. Then when that didn't work, they kept me there for 6 hours by refusing to return my debit card. When offering me 2.9% still didn't get me to buy the car, they offered 0%. Finally I agreed. I really wasn't trying to do any negotiating after they jacked the price, it was all them not wanting me to leave. After I agreed, I was able to drive off the lot 2 or 3 hours later (took a while to get the paperwork). It was a nightmare but it's a cheap car that is good for NYC driving (although it eats gas in city driving) and the maintenance schedule sounds good so it'll do. :burnrubber:
I paid $15,000 out the door including all taxes (8.375% in manhattan), license, registration, etc.

[rdyaris]

It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance.

how much are you guys paying?

should I use my mom's credit to refinance? she has a credit score of 697

I'm paying $280.00 A month for 60 month $0 down. $13,658.00 + tax and Extended warranty Plati. for $1400. 2007 HB with Performance Package.Total is $1:thumbup: 6,600.00

[bobby]

It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance.

how much are you guys paying?

should I use my mom's credit to refinance? she has a credit score of 697

<Sigh> The poor ALWAYS get soaked. Firstly, the 2 grand you paid for the "platinum" warranty was a big waste of money. I might recommend it if it were an unreliable car (but then, why buy a car with a reputation for being unreliable?) but Toyota's rarely have big problems if properly maintained, and even if they're NOT properly maintained. Dealers make TONS of $$ by pushing these extended warranties...mainly it's the DEALER who benefit, not the consumer.

Perhaps I'm clueless, but the economics of your Yaris purchase don't make a whole lot of sense to me. At the end of 6 years, you'll have paid well over TWENTY THOUSAND DOLLARS for a car that will be worth well UNDER $10,000. In terms of dollars & cents (sense?) this is really a VERY VERY bad deal for you. Let's just say that the dealer, and Toyota Motor Company, made out EXTREMELY well on this transaction. I am assuming that you are very very young.

I waited, saved up every month, and then went into my dealer & paid cash for my 2007 Yaris hatch. For me, it's the only way to do it.

[free297]

Paying $409 a month for my Sedan Flint Mica Automatic. $3000 down. Original price: $20.000. You see... over here on the island of Aruba, the import tax for a vehicle is 49% of the vehicle's total value, making cars very expensive.

Paying $1200 a year for insurance.

Any questions? :p

[seanele]

traded in my 2005 Honda Element with still 3 yrs payment left,
the Yaris was listed $15400, but they gave me for $11200.
(it was Memorial Day)

before midnite, i signed all paperwork and drove home the yaris.
payment is $370/month.

The salesman asked me for not trading the Honda,
so i can make lower monthly payment for the yaris. but i declined and really wanna get rid of that Honda. I love my Element...but with the gas price. i couldn't stand it.

[seanele]

Paying $409 a month for my Sedan Flint Mica Automatic. $3000 down. Original price: $20.000. You see... over here on the island of Aruba, the import tax for a vehicle is 49% of the vehicle's total value, making cars very expensive.

Paying $1200 a year for insurance.

Any questions? :p


that insurance rate is like in New Jersey...

[seanele]

$120/month for 60 months $11,000 cash down payment, 680 credit score. plus i knew the general manager of the dealership so he cut me a damn good deal. 200 over the the regular cost to the dealer, cheap as helllll.

$11k down payment???...woww..

[duck]

that insurance rate is like in New Jersey...

I'm not sure what you mean? New Jersey, or at least Newark, has some of the highest insurance rates due to a lot of theft.
My parents pay over $3200 a year in Long Island, NY and I've been quoted as high as $4400 in upstate NY for a lease on a brand new civic (although I was only 21 at the time).

[duck]

$120/month for 60 months $11,000 cash down payment, 680 credit score. plus i knew the general manager of the dealership so he cut me a damn good deal. 200 over the the regular cost to the dealer, cheap as helllll.
$11k down payment???...woww..

$11k down payment???...woww..

yeah i'm confused too... that adds up to $18,200. I didn't know liftbacks went for that high. Even my sedan was over $3000 less. How is that a good deal from knowing the dealer and having a good credit score.

[Canuck]

They wouldn't let me leave until I bought the car. First they tried jacking the MSRP by $5,000. Then when that didn't work, they kept me there for 6 hours by refusing to return my debit card.

First, why did you give them the card before reaching a deal?

Second, that conversation should have ended real quick after you ask them to use the phone to call the cops to report a stolen debit card.

[duck]

First, why did you give them the card before reaching a deal?

Second, that conversation should have ended real quick after you ask them to use the phone to call the cops to report a stolen debit card.

i don't know if it's new york only, but at every dealership i've been at, before they will talk dollars, they ask for a credit card to "prove you're serious". i assume it is so they can easily run a credit check without my knowledge/approval, but they have all done this so i've never had much choice in the matter.

and yes, i absolutely should have called the police. but my many warrants made me hesitate. ok kidding about the warrants. i messed up though by not calling them.

after i got the car it was no cakewalk either. there were many unreturned phone calls to the dealership, missing equipment, bad service, etc.

[Canuck]

i don't know if it's new york only, but at every dealership i've been at, before they will talk dollars, they ask for a credit card to "prove you're serious". i assume it is so they can easily run a credit check without my knowledge/approval, but they have all done this so i've never had much choice in the matter.



Wow, that sucks.


and yes, i absolutely should have called the police. but my many warrants made me hesitate. ok kidding about the warrants. i messed up though by not calling them.


A resourcefull LEO probably could have made a case of unlawfull confinment stick as well


after i got the car it was no cakewalk either. there were many unreturned phone calls to the dealership, missing equipment, bad service, etc.

Most dealers don't care about you after the deal is done. That's why I only go back for warranty stuff.

[swidd]

$214 + $15 warranty = $228/month for 72 months. $8500 financed, $5000 down, $2000 trade-in, 18.9% APR. No credit history, and unverifiable employment (cash).

Car had 8400 miles on it, so it was a used car. $13,899.00 + tax ($970) + doc. fee ($495). Registration will be extra.

'07 hatchback with manual transmission, loaded with all extras like remote key, power package, ABS, air bags, blue neon light in the cabin, armrest, floor mats, 100,000 mile limited warranty thing.

I got it two days ago, and I drove it 179.3 miles since filling up the tank to the stop. I got 37.8 MPG on it, and that's with reving a lot (n00b driver), driving probably 70% city and stop-and-go freeway jams, 30% interstate with 80mph.

Love her already!

[duck]

how did you pay
$15,364+registration+18.9% APR on a used car, hatchback even?
extended warranty? 72 month financing? 18.9% APR? n00b is right.

[lifthard1]

Im paying 215.00 a month for 60 months with 1000 down

[fnkngrv]

I'm paying 302 per month for 60 with no money down. I didn't buy any of the extended crap nor the gap. I used one of those "blank checks" from Capital One. I sent in a fax so that I could actually get approved to pay 400 instead of the 302 otherwise they would not allow me to pay over since I have direct draft for it. They knocked 1% off for the interest rate with the direct draft which lowered the payment from 321 to the 302.

[90tsi]

249.46 0 down for 60 months. i thought i did alright putting nothing down

[BlooGirl]

I was in pretty much the same boat as the OP. I'm going through a messy divorce and had to have a ride to work, and he'd fuxx0red my credit (580, jeebus). You do what you have to do.

This car was the smartest choice out there, for the money and the performance and the FUN. I'm looking for a better job so I can pay for it and that's not a bad thing, either, and my credit will improve after paying on it for a while, so I'll refinance later. Luckily they wouldn't approve me for more than my purchase price so I couldn't get GAP and extended warranty.

The joy so far is negating any regrets. Plus being able to hand over the keys to my old car ('01 Neon in my ex's name) to my ex as he stood there gaping at my Yaris, still on the lot, was worth every penny. See ya, suckah! I hope your ex-girlfriend comes back with your RX-8, someday.

[landrym28]

I'm paying $337/month, no money down, for 60 months. I believe my lease rate was around 6.5%, but I can't remember. I added a few accessories to my car, which is why the cost is a bit higher.

[seanele]

I'm not sure what you mean? New Jersey, or at least Newark, has some of the highest insurance rates due to a lot of theft.
My parents pay over $3200 a year in Long Island, NY and I've been quoted as high as $4400 in upstate NY for a lease on a brand new civic (although I was only 21 at the time).


yeah..my mistake, i thought he put something like $10k a year.

my neighbor pay $5500 for 6 months and a Woodbridge rookie cop who pulled me over back in 2003 said he paid $5100 for 6 months.

btw,
i got pulled over because of the out of state registration and insurance on my '03 GTi.
he only gave me warning but he banned me from driving the car until i have NJ registration.
i said to him that i'm not gonna go crazy with NJ high car insurance rate.
thats the time when he mention his rate (above) and said that i have to live the way NJ people do.
after a little arguing,
i ended up yelling at him and said that i will change my registration ASAP...,
but don't think it will be NJ..i rather move out of state!

I did move out from NJ!
i hate leaving NJ..but the insurance is just too much for me.
not only for cars..but for house too.

[05swimmer]

I've got a 2007 Silver Streak Mica Yaris Sedan with the Sport's Package

Rather than typing, I thought it would be easier to just post a screen shot.

http://i175.photobucket.com/albums/w121/005swimmer/YarisFinancing.png

I got the loan for 66 months with $5,000 down So the total before financing was $16,268.99 Including tax and an alarm system with key less entry.

My father cosigned for me though (780 credit score) so i think that is why i got a good rate with my ghost credit.

A whopping 4 hours of negotiating though...... I am very happy with the car. I just love everything about it.

[kontayjus]

I've got a 2007 Silver Streak Mica Yaris Sedan with the Sport's Package

Rather than typing, I thought it would be easier to just post a screen shot.

http://i175.photobucket.com/albums/w121/005swimmer/YarisFinancing.png

I got the loan for 66 months with $5,000 down So the total before financing was $16,268.99 Including tax and an alarm system with key less entry.

My father cosigned for me though (780 credit score) so i think that is why i got a good rate with my ghost credit.

A whopping 4 hours of negotiating though...... I am very happy with the car. I just love everything about it.

Hey wow that looks like the exact situation I'll be in soon (hopefully). Planning on $5,000 down for 60 months and using Dad's high credit score to cosign haha. And heyy I'm from Carlsbad! :headbang: :thumbsup: Awkwarddd

[05swimmer]

Hey, i bought it at Toyota Carlsbad...... LOL Hey pm me ill send you the info for the sales man that helped me and my dad. Very nice person who didn't try to rush us to do anything we didn't want to. You wont regret getting this car dude its been over six months and i still drool when i look at my babie.... lol......

[crashergs]

whats up guys!!!!!

just bought a 2007 yaris liftback, as a secondary car, I have a 2006 Lancer Evolution IX, and plan on modding the hell out of this little guy.


I pay 283.00 a month, with 100,000 extended warranty, 4 years of oil change/tire alignment, 0 down payment, and gap insurance. I got the good guy discount though :)

[waylandchin]

OP here. I haven't been working for three months, so I am two months behind on my car payment. TFS has been calling me. I told them I could start paying a month later because I will get a job by then. If I don't, then they will have to repo the car and I will move back to NYC or China where I don't need to drive. :-)

[ZeeksRsBlast]

$245 a month with $3500 down for a RS 4 dr LB

[r300f28]

I paid CASH for my 2007 Sedan. Don't like car payments!

[Trilixia]

$2500 down, $195/mo for 66 months

[bethd127]

O-M-G OP you're getting ripped. Lol how can one person (you) drive a Yaris at an overall cost of $25K+, and another (me) hand over $12900 in cash and be done with it? Unbelievable. I'm stunned.

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty. Same deal with the gap insurance....waste.
While the GAP insurances they offer at the dealership may be over-priced, GAP insurance is definitely not a waste IMO. My 2007 just got totaled, and the GAP saved my a$$. I agree about the warranty however.

[AlexNet0]

$289/month with no money down @ 14.5% for 72 Mo.
Insurance kills me in this car though.

[custom Lftback]

$242/month with $2,000 down @ 4.25% for 60mo.

[Greytimberwolf68]

I am paying under 400 for 72 mo. with a credit score of 530 when i bought my egg. with no money down

[id3379]

i put $4k down, and i pay $215 a month

[CombatModel]

$5k down, $212/month

[nemelek]

0 Down. Trade in of a 92 Lexus. 1 payment $12,122.

[gboezio]

476 CAD on 3 years, 0 down no options, no nothing, 0,9 % total interest 236 $ total 17 K$

[SilverBack]

Price out the door: $12,500, $3,500 down.

Before Re-fi: $203/month for 7 years.
After: $185/month for 6 years

Credit was just barely good enough to let my bank cut me lots of slack with the interest rate. Didn't think it would go that far down, but I guess an Equifax score of 735 will allow it... Still think I got lucky, no complaints though:cool: