dealer is offering corolla s plus for 19538 with 0 percent offer before taxes and fees. curious what you guys paid for yours?
comes out to be 22390 out the door with 1500 down payment
Don't do it, you can do better.
Visit
www.truecar.com and enter your vehicle you're shopping for to see both local and national averages for what people actually pay.
I did well, with effort. I paid about $16,500 for my 2016 S Special Edition with sunroof/mud flaps/all weather mats, etc. after taxes, fees, delivery (from Maine to NY) the total was $20,250. That was agreed upon before financing or down payment was even discussed.
The best way to negotiate is to tell them "let's assume I am paying cash". Once you are happy with the cash price you work down to, THEN you can bring in financing options and down payment size etc.
After I got the cash price said above, I decided to finance through my local credit union at 1.9% which is great for a 20 year old with a budding but excellent credit history. I put 7 grand down. Make me happy and certainly made the dealership happy that they got all their money up front and didn't have to finance me. I also chose the Toyota $1,000 rebate instead of the 0% interest through Toyota Financial finance option, because I will be paying it off sooner than the 5 years and I save more by taking the thousand dollar rebate than the interest savings. As of now on a 5 year loan with my credit union, total interest paid after that full period is a projected sum of $575 in interest. So far I've already paid half the loan in just three months, so that figure is null. I basically saved over 600 more Than I would have if I took the 0% financing offer.
Just be sure man, check with people who know what they are doing! Good luck