Trying to decide if its time or wait till the spring and save about another $10000.

[Jared72]

What kind of financing did you get, directly from a bank or through a dealer what was your % rate? Or were you smart and pay it off completely. I don't have a trade as I am keeping my 13 year old Tundra. Pic below is the one I have been looking at but it would be a little drive for me to go get it, sorry I won't say where it is. TRD Off Road base, with I Force Max engine, I'm set on trying the Hybrid engine.

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[HVLA]

Used local credit union. 5.15% rate. Only put $2k down.

 

[Jared72]

Used local credit union. 5.15% rate. Only put $2k down.

Do you like the 4Runner? Which trim?

 

[HVLA]

Do you like the 4Runner? Which trim?

Love it. TRD Offroad Premium Hybrid.

 

[ExploreTheWorld]

I just picked up my TRD Off Road Premium the beginning of the week. Paid MSRP+$599 Dealer Fee out the door but got a great trade in offer on my old F-150 after some back and forth. I financed about half the remaining balance through my local Credit Union at 3.49%. Loving it so far!

 

[TRD Pro or Die Trying]

What kind of financing did you get, directly from a bank or through a dealer what was your % rate? Or were you smart and pay it off completely. I don't have a trade as I am keeping my 13 year old Tundra. Pic below is the one I have been looking at but it would be a little drive for me to go get it, sorry I won't say where it is. TRD Off Road base, with I Force Max engine, I'm set on trying the Hybrid engine.

It depends on what your credit score is. What I'm convinced is best to do, though, is to go to a local credit union and get a pre-approval letter for an auto loan there. Doesn't mean you will actually get the loan from there, but now you have an interest rate that you know you are approved for before you go into the dealership finance office. That's huge. It puts you in a position of power. Then you can make the dealer beat the credit union offer.

For me, I got preapproved from a credit union for 5.25%. The dealer that I bought my 4Runner from was advertising a 7.94% rate. When I showed the dealer my preapproval they beat the credit union's rate. Not by much (5.20%), but they beat it. If I hadn't gone to the credit union, I'd probably be paying 7.94% which equates to thousands in the long run.

 

[Jared72]

It depends on what your credit score is. What I'm convinced is best to do, though, is to go to a local credit union and get a pre-approval letter for an auto loan there. Doesn't mean you will actually get the loan from there, but now you have an interest rate that you know you are approved for before you go into the dealership finance office. That's huge. It puts you in a position of power. Then you can make the dealer beat the credit union offer.

For me, I got preapproved from a credit union for 5.25%. The dealer that I bought my 4Runner from was advertising a 7.94% rate. When I showed the dealer my preapproval they beat the credit union's rate. Not by much (5.20%), but they beat it. If I hadn't gone to the credit union, I'd probably be paying 7.94% which equates to thousands in the long run.

Yeah I understand that is why I was asking seems like things are crazy right now with the car market and possible tariffs. Toyota is offering 4.99% on some vehicles but not the 4Runner the dealer was between 10.4 and 14% but they didn't give me those numbers I had to figure them out. My local bank offered 4.7 I'll check with the credit union next.

 

[Furrypanda1121]

I went to a local credit union and got a pre-approved at 4.25%. When I brought the letter to the dealer, they laughed and said they couldn't beat that. This was in late July

 

[chouser]

I went to a local credit union and got a pre-approved at 4.25%. When I brought the letter to the dealer, they laughed and said they couldn't beat that. This was in late July

Paid cash for mine. $56,353.49. That was with taxes that were about $5000. License plates added another $1,200. Insurance is $650 every 6 months . Love it more everyday .

 

[djw4run]

Be careful out there. Do you remember the 2009 crash because of subprime mortgage loans? Well guess what, the same is happening now with subprime auto car loans. Auto loans are being bought up and reinvested just like the mortgages were. Last month saw a record in "more than two month late payments" and also record auto repossessions. So many folks out there with $750/mo car loans that are insane in my estimation. Just make sure you won't be screwing yourself by being underwater with your vehicle and car payments in a couple of short years.

 

[Dead Horse]

Be careful out there. Do you remember the 2009 crash because of subprime mortgage loans? Well guess what, the same is happening now with subprime auto car loans. Auto loans are being bought up and reinvested just like the mortgages were. Last month saw a record in "more than two month late payments" and also record auto repossessions. So many folks out there with $750/mo car loans that are insane in my estimation. Just make sure you won't be screwing yourself by being underwater with your vehicle and car payments in a couple of short years.

I've been waiting for over a year for this to happen LOL

 

[Nodak]

the dealer got me 2 rates, better than capital one, toyota financial

4.89 @ 60 months
5.54 @ 72 months

but with trade in ($19,000) and allocation reserve request deposit of $1000, i only financed just over $45,000 on a $63,114 vehicle (msrp was $67,843, not including tax, fees, license, registration)

also forgot, my insurance went up $205 over 6 months, was paying $61.70 per month on the 2014 4R Limited

now im paying $574.68 per 6 months = $95.78 per month vs $61.70 per month.

 

[HVLA]

I went to a local credit union and got a pre-approved at 4.25%. When I brought the letter to the dealer, they laughed and said they couldn't beat that. This was in late July

What bank? I have 820 Experian credit score and lowest I found was 5.15.

 

[Jared72]

Paid cash for mine. $56,353.49. That was with taxes that were about $5000. License plates added another $1,200. Insurance is $650 every 6 months . Love it more everyday .

Nice but I have to ask $1200 for plates where do you live? Mine should be about $150.

 

[Jared72]

Be careful out there. Do you remember the 2009 crash because of subprime mortgage loans? Well guess what, the same is happening now with subprime auto car loans. Auto loans are being bought up and reinvested just like the mortgages were. Last month saw a record in "more than two month late payments" and also record auto repossessions. So many folks out there with $750/mo car loans that are insane in my estimation. Just make sure you won't be screwing yourself by being underwater with your vehicle and car payments in a couple of short years.

I agree about being careful with any financing that is why I asked. The bank I’m using has always treated me very well. My payment will be $750 or so but that will be after a 10,000 down payment and the shortest loan term I fell comfortable with. Even then I will be paying this off in about 2 1/2 years.

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