Toyota 1% finance extension and pricing $63200

[SimonW Junior Member Find all posts View Profile Close SimonW]

Hi Noosagoals,

If you're not a financial planner already... consider a career change. You are better than most ;-)

I may need a career change the way my industry (mining) is going atm...

Excel junkie myself I've worked out the same scenario trading in our '04 Kluger Grande. Not quite pocketing the same effect as you. Also struggle with steep repayments down to very conservative GFV and quite apart from that the GXL is a bit basic package at the ask price (no Sat Nav, power seats etc). Besides, wife wants more mod-cons, leather etc...

Yeah - sounds like you have done your homework well. Everyone's situation is different. Imagine the bloke with a $40k trade, $20k sitting on a credit card at 20%, and a home loan. He could upgrade to a new car almost entirely paid for by coin the he was going to burn on interest.

Their 1% finance 'product' is offset by higher price, just a smoke screen discount. Thanks the forum, the car industry is becoming so transparent we will not be requiring sales people or business managers anymore and prices can come down further ...

We're letting the 'strict' 1% finance deadline pass on Wednesday and scour the market for a young Altitude.

Sure, there is an element of smoke - but beyond that it is what it is:
Here are 3 cases that are all equivalent.
i.e they all pay down a drive-away price to the same GFV ($30,619, GXL t/D auto) with the same monthly re-payments.

$64.5k @ 1.0% = $750/month (the deal I got, pre-accessories)
$60.0k @ 3.5% = $750/month (we know we can do deals for $60k outside of 1%)
$53.0k @ 8.0% = $750/month (8% is a common car finance rate)

So the 1% deal is really a 3.5% deal because we know that we can get GXL t/D autos for $60k outside of 1%.
...but if your next best finance option was at 8% then you would have to negotiate a $53k drive-away price to get an equivalent deal.

[MelbournePark Member Find all posts View Profile Close MelbournePark]

I met someone who fitted out a GX, which he bought new ... and he optioned in the third row seats! Then he pulled them out and put in sliding draws, etc etc

His car he said was "a special build". I should have checked whether he ordered it though ... maybe someone else did and cooled down?

He then did the suspension, had side rails, put on a steel bull bar, driving lights etc. It looked very good ...

Toyota used to make it attractive to buy an upgrade, if there were things you wanted. I am not sure now with the 150 series. I need to know all the options, and the real price ie the "bottom line".

Incidentally I think 2nd hand diesels are overpriced ...

As far as buying a Kakadu, a 200 series seems better value ...

[SimonW Junior Member Find all posts View Profile Close SimonW]

#############, MelbournePark,

Agreed - value of GX must be considered, especially as a base to build from.

...and no badging anymore so no one knows that you chose the "povo pack"

[Anth120playdo Banned Find all posts View Profile Close Anth120playdo]

Hi Noosagoals,



I may need a career change the way my industry (mining) is going atm...



Yeah - sounds like you have done your homework well. Everyone's situation is different. Imagine the bloke with a $40k trade, $20k sitting on a credit card at 20%, and a home loan. He could upgrade to a new car almost entirely paid for by coin the he was going to burn on interest.



Sure, there is an element of smoke - but beyond that it is what it is:
Here are 3 cases that are all equivalent.
i.e they all pay down a drive-away price to the same GFV ($30,619, GXL t/D auto) with the same monthly re-payments.

$64.5k @ 1.0% = $750/month (the deal I got, pre-accessories)
$60.0k @ 3.5% = $750/month (we know we can do deals for $60k outside of 1%)
$53.0k @ 8.0% = $750/month (8% is a common car finance rate)

So the 1% deal is really a 3.5% deal because we know that we can get GXL t/D autos for $60k outside of 1%.
...but if your next best finance option was at 8% then you would have to negotiate a $53k drive-away price to get an equivalent deal.

Nice work!

Now if Toyota Australia was smart they would just run 2.9% (genuine) finance & everybody would still go & buy becausemost ppl know its a great rate on a vehicle!
Then there would be no need to fiddle around with pricing & fees for the dealers.

[outbackswine Junior Member Find all posts View Profile Close outbackswine]

SimonW, you, like me can see the value in these deals. You can't get car money for 5%, we do the maths, and it's really a win for us, and a win for Toyota, especially as you invest capital to earn interest above what your loan costs to service.

Not bad analysis for 2 miners

[Shan Senior Member Find all posts View Profile Close Shan]

I have to say the prices seems to be bit higher than it was when I checked end of April. Specially without 1% deal.

Cheapest I could find;

GX Diesel Auto
Cash - 48500

GXL Diesel Auto
with 1% - $63500
Cash - $57000

[Anth120playdo Banned Find all posts View Profile Close Anth120playdo]

I have to say the prices seems to be bit higher than it was when I checked end of April. Specially without 1% deal.

Cheapest I could find;

GX Diesel Auto
Cash - 48500

GXL Diesel Auto
with 1% - $63500
Cash - $57000

On the gx, you said you had 47,500 also.
When I called them, they both said, no chance ever, so if you can get me that deal I will go & buy a few now

The best we could do, cash price was gx 54.5. Gxl 59k

[Shan Senior Member Find all posts View Profile Close Shan]

The best we could do, cash price was gx 54.5. Gxl 59k

54500 for a GX... They are dreaming !! may be they don't want to move the stock with 1% deal running till the EFY..

[Anth120playdo Banned Find all posts View Profile Close Anth120playdo]

54500 for a GX... They are dreaming !! may be they don't want to move the stock with 1% deal running till the EFY..

They recon your dreaming lol......

[outbackswine Junior Member Find all posts View Profile Close outbackswine]

$48.5k for a GX D4D Auto, in fact any configuration brand new will be plus on-roads, ex-GST for a lease or pie in the sky.
Your $57k GXL price was prob for a 13 runout pre-facelift model, and even that is super cheap.

[Shan Senior Member Find all posts View Profile Close Shan]

$48.5k for a GX D4D Auto, in fact any configuration brand new will be plus on-roads, ex-GST for a lease or pie in the sky.
Your $57k GXL price was prob for a 13 runout pre-facelift model, and even that is super cheap.

Well they are the prices I got when I was ready to sign the contract if the price is right... back in April and the only 2013 plate price was the 63500 with 1% deal but that's the facelift model. And when I asked for a cash price for a brand new car it's always been the drive away price. If you are a business that's different.

Only tip I have is don't rely on phone calls to bargain the price. Most of the time I had 3k to 6k difference in price by just dropping in and saying I'm in a position to put the pen on paper .

[SimonW Junior Member Find all posts View Profile Close SimonW]

Nice work!

Now if Toyota Australia was smart they would just run 2.9% (genuine) finance & everybody would still go & buy becausemost ppl know its a great rate on a vehicle!
Then there would be no need to fiddle around with pricing & fees for the dealers.

I see your point.
The 1% headline may be good for getting the wife's approval - not that mine needed any convincing!

[SimonW Junior Member Find all posts View Profile Close SimonW]

Not bad analysis for 2 miners

We have to be smart to survive these days

[SimonW Junior Member Find all posts View Profile Close SimonW]

I have to say the prices seems to be bit higher than it was when I checked end of April. Specially without 1% deal.

Cheapest I could find;

GX Diesel Auto
Cash - 48500

GXL Diesel Auto
with 1% - $63500
Cash - $57000

Smokin' prices. I had a couple of dealers let me walk after I offered very similar prices??

[DSS150 Find all posts View Profile Close DSS150]

I have to say the prices seems to be bit higher than it was when I checked end of April. Specially without 1% deal.

Cheapest I could find;

GX Diesel Auto
Cash - 48500

GXL Diesel Auto
with 1% - $63500
Cash - $57000

You should have stocked up on GX Prados at that price, I can tell you for a fact that is thousands below dealer cost!!