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

[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.

[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]

Originally Posted by 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 =)

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]

Originally Posted by 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.

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

[duck]

Originally Posted by BlueLiftback

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]

Originally Posted by Thirty-Nine

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.
I paid $15,000 out the door including all taxes (8.375% in manhattan), license, registration, etc.

[rdyaris]

Originally Posted by 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

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 6,600.00

[bobby]

Originally Posted by 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

<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]

Originally Posted by 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

that insurance rate is like in New Jersey...