Bought a 2014 Tundra tonight...

[ripperj]

Nice! My last three trucks were white Toyotas, 2005 Tundra,94 4 banger SR5 and 88 V6 Sr5. I like them all, I'm in a Ram 2500 gasser now because it gets about the same gas milage as a new Tundra, but with more load capacity.
I had a hard time leaving Toyota though, my wife has a Highlander,my Dad has two Tacoma trucks and my inlaws have a Rav and a Tacoma

Sent from my Q10 using Tapatalk 2

 

[shmabs]

I'm fairly certain the OP wasn't looking for advice on which half ton to purchase, or to find out if a gas or diesel is "better"

Anyway, congrats on the new truck! Looks like an excellent platform and I have no doubt you will be happy with it!

Mike

 

[huntsonora]

My last few trucks have been diesels and I loved them but I don't need one and they cost more to operate. Thats why I'm going back to a gasoline engine

 

[bigwapitijohnny]

My last few trucks have been diesels and I loved them but I don't need one and they cost more to operate. Thats why I'm going back to a gasoline engine

There is something to be said about knowing the difference between 'perceived' need and 'actual' need...

Now build this thing from the ground up, start a build thread and then get it scratched and dirty...

Regards,

BWJ

 

[huntsonora]

There is something to be said about knowing the difference between 'perceived' need and 'actual' need...

Now build this thing from the ground up, start a build thread and then get it scratched and dirty...

Regards,

BWJ

It'll get dirty, I'll pick it up tomorrow and I'll be guiding elk hunters starting Friday and won't be done until Oct 12. I then go straight to the eastern plains to guide deer hunts until Dec 15 and the day after Christmas I head to my ranches in Sonora Mexico to guide my hunters for 5 weeks. It'll get plenty of scratches

 

[huntsonora]

So I still haven't picked it up yet. I put a non refundable deposit down on Thursday night that was contingent upon a certain price and interest rate on their part as well as the trade in value for my 4Runner. They say that my credit score is good but a "lack of credit" excludes me from getting the 2.**% that we had discussed on Thursday night. They want to get me in at over 4.25% and as of right now this is a deal breaker for me. If you bend a little on every financial transaction you'll acquire a lot more debt than you intended. You have to draw the line somewhere and I want the price/trade/interst rate we agreed upon.

I'll keep you guys posted. I may have jumped the gun saying it was "done" but was under the impression it was done. I just hope I get my "non refundable" deposit back if they don't come through with the deal that was negotiated

Edit to add that I am not mad at anybody over at the dealership. They have been really easy to deal with and just because I may walk on this deal doesnt mean I wouldnt consider doing business with them in the future. The salesman is hilarious and I know he is trying to get it done

 

[Kaisen]

So I still haven't picked it up yet. I put a non refundable deposit down on Thursday night that was contingent upon a certain price and interest rate on their part as well as the trade in value for my 4Runner. They say that my credit score is good but a "lack of credit" excludes me from getting the 2.**% that we had discussed on Thursday night. They want to get me in at over 4.25% and as of right now this is a deal breaker for me. If you bend a little on every financial transaction you'll acquire a lot more debt than you intended. You have to draw the line somewhere and I want the price/trade/interst rate we agreed upon.

I'll keep you guys posted. I may have jumped the gun saying it was "done" but was under the impression it was done. I just hope I get my "non refundable" deposit back if they don't come through with the deal that was negotiated

In automotive retail law - in most states, not sure about CO - there is no such thing as a "non-refundable deposit". They cannot keep your deposit.

It doesn't sound like you are borrowing much, so the interest rate probably doesn't make much difference in the scheme of things. Figure out how much total interest you would have paid at 2.xx% and how much it works out to be at 4.25% and ask them to split the difference in total dollars and take that amount off the selling price. Bet they do it.

Good luck with your transaction. Hopefully they will figure it out.

 

[Guri]

Hey huntsonara, did you check the interest rate in a credit union bank? I got a really good interest in one of this bank. Don't hurt to ask!

 

[MotoDave]

May be worth checking into a local credit union, should be able to do a LOT better than 4.25% right now. I am really not a fan of financing through the dealer.

 

[huntsonora]

In automotive retail law - in most states, not sure about CO - there is no such thing as a "non-refundable deposit". They cannot keep your deposit.

It doesn't sound like you are borrowing much, so the interest rate probably doesn't make much difference in the scheme of things. Figure out how much total interest you would have paid at 2.xx% and how much it works out to be at 4.25% and ask them to split the difference in total dollars and take that amount off the selling price. Bet they do it.

Good luck with your transaction. Hopefully they will figure it out.

Thanks Kaisen, good idea and I will give it a shot!

 

[daveyboy]

May be worth checking into a local credit union, should be able to do a LOT better than 4.25% right now. I am really not a fan of financing through the dealer.

This.

4+% interest in this economy is highway robbery--unless you have a dubious credit history. My credit union in NM has 2.24% for 5-year car loans and 1.75% for 3-year.

Is their offer the best they can do even with indirect lending options?

 

[Kaisen]

To highlight my earlier post:

$10,000 loan amount over 48 months

4.25% - total interest paid over 4 years= $892

2.75% - total interest paid over 4 years= $572

So over the course of four years, the difference is $420. The difference in payment is $6 per month.

It might sound like highway robbery, but compared to the other variables in a $40K deal, it doesn't amount to much

 

[daveyboy]

To highlight my earlier post:

$10,000 loan amount over 48 months

4.25% - total interest paid over 4 years= $892

2.75% - total interest paid over 4 years= $572

So over the course of four years, the difference is $420. The difference in payment is $6 per month.

It might sound like highway robbery, but compared to the other variables in a $40K deal, it doesn't amount to much

Actually, the difference is $320. :coffeedrink:

Yes, it is minimal over the term of the loan, but to me it is the principle of getting ripped off. I'd rather use that money to get the bed lined, or a tool box, or some chains, etc., for my new pickup.

 

[austintaco]

Just walk away, or at least plan to walk away. My understanding is that your deposit was contingent on the deal that you signed up for. If you were planning on getting the bed lined anyway, have them throw that in, and give them the higher interest rate. What's a good bed lining job cost?

The bait and switch would bug me, and it would make me leary of doing business with them.
Other option:
Take your deal sheet and go to another Toyota dealer and see if they can get it done.

 

[PetitFrereArmada]

Congrats on your purchase. Nice looking Tundra, especially as it is new. Enjoy.