IS this a GOOD DEAL?

[basketball]

As one of my other posts mentioned, we just bought a NEW CAR!!!..It's a Corolla CE 2006, C package. And after a $500 down payment the finance payment came out to be $459 and we were able to negotiate it to $425 a month (for 60 months)!!...It took a lot of hassle but finally we got it with rust protection and 2 years free maintainence... In my feeling it seems like a good deal...

BUT, I still didn't get the car because they didn't have the car on stock...So should I trust the dealer to not to change anything? What should I look out for? It's a Toyota Dealer (Don Valley). Also can they add any extra charges after I sgined the finance? Any comments or suggestions will be appreciated...thanks

[Pete00]

I hate Don Valley Toyota with a passion.
Anyways, if you want I can refer you to my car broker. First find the lowest price of your car and then send me a pm!

[m77m7]

As one of my other posts mentioned, we just bought a NEW CAR!!!..It's a Corolla CE 2006, C package. And after a $500 down payment the finance payment came out to be $459 and we were able to negotiate it to $425 a month (for 60 months)!!...It took a lot of hassle but finally we got it with rust protection and 2 years free maintainence... In my feeling it seems like a good deal...

BUT, I still didn't get the car because they didn't have the car on stock...So should I trust the dealer to not to change anything? What should I look out for? It's a Toyota Dealer (Don Valley). Also can they add any extra charges after I sgined the finance? Any comments or suggestions will be appreciated...thanks

If you already bought the car, they have to bind to the contract.

[sunnybono]

Don Valley is the largest volume dealer of Toyota in Ontario. However if you have any doubts call Woodbridge Toyota and run the same scenario by them . They are the 2nd largest volume dealer.

Call Vic Gulati at 905 851 3993 (Sales manager) He will give you his honest opion!!!!

sk

[Mark099]

Whenever you buy a car and all you quote is monthly payments, then you are in big trouble and paying too much.

[Div]

$500 down plus $425 per month for 5 years comes to $26,000. What's the interest rate on the financing?

[Mark099]

$500 down plus $425 per month for 5 years comes to $26,000. What's the interest rate on the financing?

Toyota's posted rate is 4.9%.

[basketball]

ya, that's what the interest is...and we are goin to pick up the car tomorrow...
thnks for the look-out tips..

[JohnB]

A Toyota CE automatic is $19,680.
With GST and PST it works out to $23,900.

5 years finance at 4.9%

Heres a link to the Toyota.Ca website, I plugged in your car:

Finace/Lease numbers:
Toyota.ca numbers for Corolla

$449.00 month zero down. Anything less is a deal since this is the regular internet price with no negotiations.

Try CarCostCanada to find the dealers cost then work the price from there.

[JohnB]

Sorry forgot to say:

Congrats on the car ! Post a pic, and let us know the color.

For what its worth, I think you got a good deal

[TheFuteballer]

Just some info.. don valley toyota won the award for best ontario car dealership amongst consumers so i don't think you should have a problem with them

Don Valley is the largest volume dealer of Toyota in Ontario

I think I can see a connection here

[DJ_Peanuts22]

Don Valley is the largest volume dealer of Toyota in Ontario. However if you have any doubts call Woodbridge Toyota and run the same scenario by them . They are the 2nd largest volume dealer.

Call Vic Gulati at 905 851 3993 (Sales manager) He will give you his honest opion!!!!

sk

how much is the recommendation fee?

[prof_frink]

$500 down plus $425 per month for 5 years comes to $26,000. What's the interest rate on the financing?

yeah, I'm not up to speed on prices right now, but 26k for a corrola seems insane to me...

I had the same arguments with the dealers when I was looking for a new car this past summer - none of them wanted to talk price, they all wanted to talk 'montly payments' - I kept telling them not to worry about the monthly payments, I just wanted to talk bottom line price...

I think that's their new scam to try and convince you to go for a lease... Anyway, I'm just glad I'm done shopping, I don't want to have to go through that again anytime soon...

[JohnB]

26,000 isnt that bad but it does seem high as a number alone.

Car = 19,999

After GST/PST on 19,999 = 3,000

Cost to Borrow at 6% for 5 years = 3,000 (or 600/year)

Total = 20,000 + 3,000 + 3,000 = $26,000