$2400 rebate or 0% finance on '05

[azskyrider]

I searched first before posting but couldn't find that this has been posted.

clicky

I think the deal will get sweeter as 06 approaches.

 

[benhar]

It depends on the term of your loan and price of your 4Runner. For instance, if you finance $30,000 for 5 years with 3.9% APR, then you pay $3,068.57 in interest, so you save more with the 0% financing.

BTW, where do you see the 0% financing? All I see is $2000 cash back OR 3.9%...

Looking at this makes me wish I had waited till the fall to buy mine last year... you get no incentives in February

 

[Techenigma]

I took advantage of the $2500 rebate on mine when I just bought it. I buy my cars outright so financing isn't an issue and neither is the interest rate. Though yes people are usually so engrossed by the lump of money up front they need eyeball the low interest rates that actually save them more money in the end... naive people and the lack of math.

 

[NPh2005]

The best I've seen is the 2000 cash back(v8) or 3.9/60. I just bought mine for dealer invoice plus the cash back. Still got a decent interest rate too.

 

[azskyrider]

BTW, where do you see the 0% financing? All I see is $2000 cash back OR 3.9%...

Hello Benhar,

If you click on the "clicky" then it says right below the cash rebates. Here is a cut and paste from the clicky.

I also checked on the SR5 and limited and the rebates and 0% financing are the same as the sport below that I looked.


edmunds.com - where smart car buyers start Close Window



Incentives & Rebates
2005 Toyota 4Runner
Sport Edition 4WD 4dr SUV (4.7L 8cyl 5A)
Manufacturer to Customer

Rebates
$2000 Cash to Customer start: 08/02/2005 end: 09/06/2005
Restrictions $2000 Customer cash may not be combined with 0% APR.
Comments Incentives may vary; see your local dealer for details.
$400 Cash to Customer start: 08/02/2005 end: 08/31/2005
Restrictions Customer must have graduated from an accredited college within the last two years, or will do so within the next six months. Must finance through Toyota Financial Services.
Comments Incentives may vary; see your local dealer for details.

Financing Start: 08/02/2005 End: 09/06/2005
0.0% APR Term: 36 months
Restrictions $2000 Customer cash may not be combined with 0% APR.
Comments Incentives may vary; see your local dealer for details.

Leasing
There are no special lease terms available at this time.


Manufacturer to Dealer

Marketing Support
There is no marketing support available at this time.

 

[stevied]

I took advantage of the $2500 rebate on mine when I just bought it. I buy my cars outright so financing isn't an issue and neither is the interest rate. Though yes people are usually so engrossed by the lump of money up front they need eyeball the low interest rates that actually save them more money in the end... naive people and the lack of math.

Bought my 05 with 0%... Nice to see $0 for interest on 60 months .. that was at $200 over invoice through the fleet department.

Personally you're better off getting the 0% APR on your car and investing the $40,000 than paying the car outright...

 

[azskyrider]

Personally you're better off getting the 0% APR on your car and investing the $40,000 than paying the car outright...

A friend took the 0% financing on his rather than the rebates after doing the numbers. His first and only vehicle up to then was a SR5 4x4 truck bought new in 1986 that finally quit this year. Since he hasn't made a car payment since then and the sticker shock from still living in 1986 prices he just couldn't handle the monthly payments and paid off the Truck. Now he wished he would have taken the rebates.

I guess you can get screwed either way.:bash:

 

[charlier180]

I guess the deals on the V8 4Runner vary based on regions of the USA. Here where I live in Eastern Pennsylvania the deals on the V8 4Runner are:

- $1500 Cash Back =or=
- 0% Financing for 48 months =or=
- Lease for $299/month for 36 months with $2K down + fees and taxes

It is interesting that one local Toyota Dealer advertises the $299.month lease while the other local Toyota dealer advertises a $249/month lease for 36 months. I guess that the dealer with the lower lease rate can do so because they are a much higher volume Toyota dealer than the one with the higher rate.

 

[azskyrider]

I see what you are saying now. I thought toyota deals were the same across the USA but you are right.

I remember that 1 year before the C4 corvette came out the previous versions were selling for $25,000. Back then a lot of people from the east coast who bought at the higher price were blown away. Some traveled all the way to AZ to buy one.

I suppose dealers must do some market reasearch and adjust incentives and rebates were the market is slower.

 

[05V8SPRT]

I took advantage of the $2500 rebate on mine when I just bought it. I buy my cars outright so financing isn't an issue and neither is the interest rate. Though yes people are usually so engrossed by the lump of money up front they need eyeball the low interest rates that actually save them more money in the end... naive people and the lack of math.

Or you can be smarter and take $30K and invest the money over 5 years. Finance the vehicle using their money and pay 3.9%. Make 8% on a conservative investment over 5 years and actually MAKE money on your 30K.....

Whos the smarter guy? The one who pays off his mortgage early or the one who invests the same money over a 30 year period while paying off his mortgage?

one might make you sleep better at night (sure thing) the other will make you richer down the road....

Now. Thats not to say that its not a bad idea to payoff a car sometimes. I too paid off my 30K Toyota in a few months because the interest rate was 7% and the market was doing poor after 9/11. Watching my investments sink month after month is not easy with the S&P and Dow. So, I decided to pay off the car (saving 7%) and dollar cost average through the tough market. I was not willing to gamble on how low the market was going to go and place all 30K into the volatile market. Market timing is for gambling money and usually ends up with a loss.

Paying off a car in the short term is not that bad. Paying off a home mortgage really is.... Doing that math, I can demonstrate everytime that investing over 30 years will yield WAY more than paying off the house.

Hey, at least you are lucky enough to be able to pay it off with cash. Most can not. You must be doing something right.