Automotive

Did Toyota/Honda ever had 0% finance long term?

  • Last Updated:
  • Jun 15th, 2015 10:59 am
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Jul 17, 2008
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JohnB wrote:
Jun 10th, 2015 10:19 pm
30000 car at 0% finance... May be the same as 28000 if you pay cash.

So you just paid 2000 more for the 0% rate.

As an example...
Unless you manage to squeeze out the lowest price (see the Kia 2015 thread) and have finance ON TOP on that. Then it's free borrowed money :P

But unless it's a special event/sale, dealers will usually not give you the lowest price when going finance. One tactic would be to say you are paying cash and squeeze the dealer the lowest price (invoice price if possible by using unhaggle free report) and then say you will lock the deal if they give you a 0% financing or you walk away. Ofc you must make sure you haven't already emotionally attached to the car.
[OP]
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Nov 27, 2014
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One Toyota agent offered me LE for the price of CE but cash only.
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Money costs something, it cannot cost nothing ...
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with 0% finance or lease do you end up paying more at the end of term as compared with straight up cash?
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Messerschmitt wrote:
Jun 13th, 2015 4:20 pm
Unless you manage to squeeze out the lowest price (see the Kia 2015 thread) and have finance ON TOP on that. Then it's free borrowed money :P

But unless it's a special event/sale, dealers will usually not give you the lowest price when going finance. One tactic would be to say you are paying cash and squeeze the dealer the lowest price (invoice price if possible by using unhaggle free report) and then say you will lock the deal if they give you a 0% financing or you walk away. Ofc you must make sure you haven't already emotionally attached to the car.
This depends on the type of rebates. If it's a cash rebate, you will absolutely not be able to get it if you are financing (unless you secure your own financing). If it's a promotional/other sales rebate, then yes, you should be able to get that. Additionally, the dealer doesn't really care if you finance or lease since they get paid either way. If you are financing through the manufacturer, they sell the car to their Financial Services company (Toyota/Honda Financial Services).
bsobaid wrote:
Jun 15th, 2015 10:15 am
with 0% finance or lease do you end up paying more at the end of term as compared with straight up cash?
This depends on the cash rebates available. You would also have to factor in your internal borrowing/investment rates (or tvm).

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