So I've been looking at getting a Yaris, 2DR Hatchback S Model Automatic and I was just wondering if any of you owners had any suggestions with anything. What you like about your car, what you don't like? Color? Packages? Accessories? And any other suggetions on how to get the best deal I can from a dealership. Thanks.
So I've been looking at getting a Yaris, 2DR Hatchback S Model Automatic and I was just wondering if any of you owners had any suggestions with anything. What you like about your car, what you don't like? Color? Packages? Accessories? And any other suggetions on how to get the best deal I can from a dealership. Thanks.
The "S" version is a rip off because the much higher price is NOT in proportion to the extras the "S" model provides. If you can talk them down down in price maybe the way to go.
When you negotiate, NEVER pay more out the door then the MSRP on the window sticker. Even if they show you an invoice "proving" they're making "no money", NEVER beleive this because what they don't tell you is about factory incentives to the dealer, so yes they may sell below invoice but the factory kicks back to them dealership level rebates, so they in fact do make money.
When you negotiate price ALWAYS offer in terms of "out the door" which is the bottom line price you'll pay. To do otherwise means that your offer is increased later by sales tax, distination charges, documentation fees, blah, blah, blah and this is how they increase the agreed upon amount. Again, your price should be OUT THE DOOR.
NEVER finance directly from a dealer until you have first analyzed banks and other lending institutions.
NEVER negotiate on monthly payment. When they ask you what monthly payment you are shooting for, NEVER give them an answer. NEVER, or they got you.
NEVER buy a maintenence plan. They will do just bare-bones services on your car.
NEVER buy gap insurnce from the dealership. Gap is great for a financed car, but you can get it MUCH cheaper elsewhere.
NEVER buy the extended warranty on a Toyota, especially those made in Japan like the Yaris. Big waste of money!
NEVER pay for extras like a paint coating to protect the paint and interior...this is way, way over priced.
Don't ever thing that driving a hard bargain is "rude". This is stupid defeatus thinking that many people have. Hammer hard and drive the best deal you can. Take the time to do research and come prepared with your homework done.
NEVER, NEVER, NEVER lease a car UNLESS you have the meands to right off the monthly payments. Most people can't as they don't have a business or other legal means for write-off. Those that cannot are all stupid to lease cars, a leasing is perhaps the most stupiest thing people do in regard to cars.
NEVER pay full price.
ASSUME most of the information coming out of the mouths of dealership personnel is bool sheet. They are NOT your friend.
NEVER, NEVER, NEVER lease a car UNLESS you have the meands to right off the monthly payments. Most people can't as they don't have a business or other legal means for write-off. Those that cannot are all stupid to lease cars, a leasing is perhaps the most stupiest thing people do in regard to cars.
Why?
Why is leasing stupid and why are those who decide to lease stupid?
Youre going to have to excuse me for not taking your opinions at face value, though I am sure you have rational reasons for believing so ...
Why is leasing stupid and why are those who decide to lease stupid?
Youre going to have to excuse me for not taking your opinions at face value, though I am sure you have rational reasons for believing so ...
I am surprised this has to be spelled out for you.
Leasing can be GREAT in some cases for those that can write off the monthly payment, like business owners.
But if you can't write off the lease payment, you are getting screwed times 10. Leasing is for those that can't afford the car, and/or want to get into a car that they can't afford, and/or want to get into a car that they have no business getting into. The terms on a lease are profoundly set up in favor of the lease company and the leasee be damned. At the end of the lease you have NOTHING, no equity, zero. And you may have been told that you're just paying for the depreciation but that is a big fat lie, and thousands of idiots fall for this every day. According to Suzie Armand, the financial wizard lady on cable, and the author of several best selling books on personal finances, she says that leasing is perhaps the single stupidest thing people do in regard to cars and personal finance.
Leasing is for idiots that have no sense of delayed gratification, want things right now, and often have messy finances.
The ONLY people that will disagree are the (1) the idiots, and (2) car dealerships/lease companies.
Leave leasing of cars to business owners and others that can actually make it work for them.
I am surprised this has to be spelled out for you.
Continue spelling because your blanket statement still doesnt make sense.
Building equity into a vehicle? Do you see anything flawed with that assumption?
As for the link - It makes sense, using those variables.
But what if you change those variables ... low (even 0%) lease rates? High mileage allowance? Low extra mile penalty (5-8cents per)? What of residual and buy out rates? Look at a 2008 Tundra 4x4 Ltd DoubleCab ... it would cost 4 grand less (CND) to lease the vehicle on a 4yr term and then buy it out as opposed to financing from the start.
And here is the kicker ... what if they do NOT want to own the vehicle? Simple as that. What if the person doesnt want to own anything outside of warranty ... or they want the newest and latest car every 4 years?
Leasing is a viable alternative for some people, not just business owners. Is leasing right for everybody? No. Is leasing right for the majority of people who have them? Maybe, maybe not. Doesnt mean leasing is something that should be avoided in all circumstances.
One last thing - the article hit the nail on the head in regards to lease return 'fees'. That is one of the biggest down sides to leasing ... having to pay hundreds, even thousands, when you return the vehicle for small dents, scratches, and repairs.
Continue spelling because your blanket statement still doesnt make sense.
Building equity into a vehicle? Do you see anything flawed with that assumption?
As for the link - It makes sense, using those variables.
But what if you change those variables ... low (even 0%) lease rates? High mileage allowance? Low extra mile penalty (5-8cents per)? What of residual and buy out rates? Look at a 2008 Tundra 4x4 Ltd DoubleCab ... it would cost 4 grand less (CND) to lease the vehicle on a 4yr term and then buy it out as opposed to financing from the start.
And here is the kicker ... what if they do NOT want to own the vehicle? Simple as that. What if the person doesnt want to own anything outside of warranty ... or they want the newest and latest car every 4 years?
Leasing is a viable alternative for some people, not just business owners. Is leasing right for everybody? No. Is leasing right for the majority of people who have them? Maybe, maybe not. Doesnt mean leasing is something that should be avoided in all circumstances.
One last thing - the article hit the nail on the head in regards to lease return 'fees'. That is one of the biggest down sides to leasing ... having to pay hundreds, even thousands, when you return the vehicle for small dents, scratches, and repairs.
First off, you originally mentioned just ONE factor: Interest Rate. Then in your subsequent post, you list many more factors.
Secondly, I cannot speak for how things are done in Canada, but in the USA, you would be extremely hard-pressed to find a lease that makes financial sense, and 99 times out of 100, you'd better be a business/corporation owner to enjoy any benefits, and even then there are times that it still does not make any sense.
Can you point to one example in the USA where a lease would make financial sense, and for non-business owners? You can't.
But to answer your question: "And here is the kicker ... what if they do NOT want to own the vehicle? Simple as that. What if the person doesnt want to own anything outside of warranty ... or they want the newest and latest car every 4 years?" The answer: (1) People that don't want to own will have a profoundly hard time justifying this "strategy". (2) Wanting the newest and latest every 4 years is a profoundly lame reason you give. Sure, people are entitled to their dillusional reasons to flip cars, but that does not mean their choices are good and sound financially, and making sound financial choices is the core of lease/buy decisions. Frankly, people that lease in order to have the latest & greatest every 4 years are idiots, to the profound satisfaction of car dealerships and banks.
fwiw, steigiltz, i had a friend who wanted a spec v in 04....couldnt afford financing payments, so he leased.
now, 4yrs later, he was kickin himself for leasing since he didnt own the car......but, fortunately, his lifestyle had changed and he wanted/needed a truck, not a sports sedan....so he's now financing a b series mazda
Leasing is great if you are the type of person who only owns any given car for two to three years. You actually end up saving a LOT of money on leases, but you can never EVER do anything to the car without the dealerships permission, and you have to keep it very clean. If you own a car for three years and then sell it to someone while it is still mostly stock, you never make up the money you lost. All in all, leasing is good for those who change cars every two to three years, but if you are a modder, or you want to keep it for more than 3 years, buy it. Pretty simple. And if you are going to buy, get a Costco card, and ask the dealership (any dealership) to see the costco pricing. I got my yaris for $500 over manufacturer price, and got a low APR. I could have gotten $3,000 cash back and paid $2,500 under manufacturer price, but my credit is bad right now, so I opted for the low interest rate. Just check it out at least.
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