Hi everyone, I’m wanting to get into a brand new 4Runner and for some reason, there’s a difference in my calculations vs the dealerships. I’d appreciate the help before I drive myself down to the dealership and do this deal.
MSRP: $57.815 - Selling Price: $54,815
Taxes (Sales, Doc, etc): $1360 - Total Cash Price: $56175
Trade in payoff: $13456 - Balance Due: $58,632
Money Factor: .003 - Residual: $39,892 - $500 military rebate
In my calculations, I’m adding the taxes onto the price of the vehicle since I made them add it to the OTD price as well as the negative equity of the trade in. I calculate a monthly of $801 with 1K down, dealership is calculating $847. What am I missing to justify the price difference? I live in Oregon so my understanding is there is NO sales tax for having the vehicle.
Not really looking to pay $1000 a month plus insurance, and that’s considering a 6.19 APR through several credit unions (that’s their best) rather than Toyota with 9
Insurance is a constant regardless of whether you buy or lease. And you don’t want to pay $1k a month on a loan, but you’ll happily pay > 800 and have nothing to show for it after 3 years?
Do the math, you’ll save thousands by buying and selling when you’re done with it. These things hold their value super well.
I’m around 525 on the sr5 45 msrp. Not the worst but still could be better to buy. But if these hold value like the new gen Tacoma leasing might be the way to go. Comparing them to last gen valuations isn’t really relevant anymore. They also seem to be building a lot more of these than previous generations. Either that or not as many people are buying them. Bc I have plenty of them available.
Honestly I think the problem is the new turbo engines in the trucks.
The Tundra is acomplete fail with hundred thousand or so already recalled and the rest still have the design flaw. Reports of recalled replacement motors failing already.
Tacoma/4Runner jury still out on turbo 4, but Toyota really lost their reliabilty on the trucks currently.
Sold more tundras then ever before so I wouldn’t call it a fail at all. They’re fixing the issues so people are getting new engines. Many with 50k+ miles on the old one. When auto companies redesign things they almost always have issues initially. The difference is if the company stands behind their product and Toyota has
I would hope most people use credit unions. I encourage all my customers to do so unless there’s an apr special. Standard rates are like 7% on stuff without specials
