Bought a 2014 Tundra tonight...

[Kaisen]

Actually, the difference is $320. :coffeedrink:

Doh!! Yes, you are right

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.

True, but then again the dealership is not the bank. Banks DO charge different rates for different risk. "No credit" (or limited credit) is a credible risk. The bank is only asking for <$100 a year to mitigate that additional risk. Ripped off??

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.

I think this is funny. Huntsonora is planning to use this truck later this month to MAKE money. If he blows the deal, he's back to shopping and may or may not find a better deal before it's time to make hay. If it takes him four hours of screwing around, driving here and there to get his trade appraised and check if the "exact" truck they say they have in stock isn't scratched or has 229 miles then (in MY opinion) he should have just taken the higher interest rate. Time = money.

You can ALWAYS refinance for a lower rate (easy to do) or pay off the loan early, negating or escaping the difference in rate.
If they don't budge (like lowering the price a bit or throwing something in), then take the deal. Just try to refinance it with a local CU sometime soon

 

[huntsonora]

I just let the salesman know that I'm out. The deposit was based on their offer to me of 3.14% for 72 months or 2.84% at 60 months. They were also trying to back out of the additional $1000 rebate they offered. The financing would have accounted for almost $800 and then the rebate they took off the table means I was looking at paying almost $2000 more than the agreed upon deal.

The balance of what I owe on my 4Runner is financed through Toyota at 2.5% so there was no reason I should not have gotten the initial rate they offered

I try to be a disciplined buyer of anything. If I start budging and pay more for everything in my business I'll go broke. I hate to do it as I really like the truck but it is what it is and I will look elsewhere. Hell, I may get a better deal somewhere else if I just wait until the end of the month.

 

[Kaisen]

Man, sorry to hear that. If you currently have a loan through TMC, paid as agreed, then there's no reason you shouldn't qualify for the best rates, particularly with your position of equity. I thought I remembered you saying the 4R was paid for, and it was only a $7K trade difference, so the difference in interest wouldn't have been the $900 you calculated. That's enough of a difference to walk away. No excuse for the rebate. That's Toyota's money, not theirs, so you either qualify or you don't. They should have known that up front. Hopefully they can sort it out. If not, best of luck finding a replacement before it's time to put it to use.

 

[daveyboy]

I just let the salesman know that I'm out. The deposit was based on their offer to me of 3.14% for 72 months or 2.84% at 60 months. They were also trying to back out of the additional $1000 rebate they offered. The financing would have accounted for almost $800 and then the rebate they took off the table means I was looking at paying almost $2000 more than the agreed upon deal.

The balance of what I owe on my 4Runner is financed through Toyota at 2.5% so there was no reason I should not have gotten the initial rate they offered

I try to be a disciplined buyer of anything. If I start budging and pay more for everything in my business I'll go broke. I hate to do it as I really like the truck but it is what it is and I will look elsewhere. Hell, I may get a better deal somewhere else if I just wait until the end of the month.

YMMV, but I think you can get the best deal by using email and the internet sales department between multiple dealers. That way you dont' have to negotiate with a salesman that doesn't really have any power and won't waste a bunch of time on their turf. That is how I bought my new 2008 4x4, 5.7L, DC, Tundra for $25,400 OTD (including TT&L). I went and test drove the different brands and decided on the Tundra. I then chose stock numbers from each dealer that were basically identically optioned, and then I just started emailing them all and playing them off of each other. Note, was always negotiating OUT THE DOOR PRICE. I made that perfectly clear. Once I got the best deal, and had it in writing (email) I just showed up, did a quick look over, and bought the pickup. It was the best buying experience I've ever had.

 

[Kaisen]

A little harder to accomplish when you have a trade and need financing.

 

[O2VW1.8T]

I refinanced my tundra with Penfed at 1.74% for 60 months. There new car loans go as .74% might be worth checking out.

 

[austintaco]

Don't be surprised if they call you at the end of the month, but just stick to your guns.
BTW, I just got the latest edition of 4wd Toyota Owner ( for all of us Kool Aid drinking types) and they have a review of the 2014 Tundra. One thing it brought up, and I have not read about before is that the Tundras are compliant with "SAE J2807 towing standard"? I have never heard of this before.

Hope it works out for you:

 

[daveyboy]

Tundras are compliant with "SAE J2807 towing standard"? I have never heard of this before.

Hope it works out for you:

They have been for a couple of years--the only ones that are. The "domestic" manufacturers have stated things like, "we will when _____ does" or "we plan on complying with the new redesign." But then didn't despite releasing a new redesign... . I guess they are scared of being measured with consistent, non-arbitrary, comparable standards. :shakin: :sombrero:

 

[Kaisen]

They have been for a couple of years--the only ones that are. The "domestic" manufacturers have stated things like, "we will when _____ does" or "we plan on complying with the new redesign." But then didn't despite releasing a new redesign... . I guess they are scared of being measured with consistent, non-arbitrary, comparable standards.

Toyota is the only manufacturer that advertises its compliance.

The SAE standard was to be adopted by ALL manufacturers starting with the 2013 model year.

GM announced its compliance with the 2013 model year, and announced tow ratings based on the J2807 standard. Most 1/2 ton tow ratings went down 200-300 pounds (just like Tundra). After a couple months of GM's J2807 compliance, Ford did not follow suit. Ford said that instead of adjusting their current model they would simply make sure that their next all-new model would come out of the gates with J2807 ratings. For the F150 that means 2015.

The tow capacities for most 1/2 ton trucks are within a few hundred pounds each other, with the exception of some coil sprung Rams. Since the new SAE standard calls for two 150 pound occupants and common practice was historically just a 150 pound driver, bet on non-J2807 compliant manufacturers' tow ratings to fall at least 150 pounds.

The J2807 tests are fairly brutal, beyond what most people would see with their own trucks. Like a 12 mile run up 3-7% grades at 100+F ambient temps with the A/C on full blast towing the max rated load (plus two occupants and a full tank of fuel) with a 60 square foot frontal area on the trailer......and maintaining no slower than 40 mph during the run. And that's just one of the tests.

I hope the entire industry adopts J2807 soon. But this isn't a government regulation, it's self policed. So it may mean nothing in the end.

 

[daveyboy]

Toyota is the only manufacturer that advertises its compliance.

The SAE standard was to be adopted by ALL manufacturers starting with the 2013 model year.

GM announced its compliance with the 2013 model year, and announced tow ratings based on the J2807 standard. Most 1/2 ton tow ratings went down 200-300 pounds (just like Tundra). After a couple months of GM's J2807 compliance, Ford did not follow suit. Ford said that instead of adjusting their current model they would simply make sure that their next all-new model would come out of the gates with J2807 ratings. For the F150 that means 2015.

The tow capacities for most 1/2 ton trucks are within a few hundred pounds each other, with the exception of some coil sprung Rams. Since the new SAE standard calls for two 150 pound occupants and common practice was historically just a 150 pound driver, bet on non-J2807 compliant manufacturers' tow ratings to fall at least 150 pounds.

The J2807 tests are fairly brutal, beyond what most people would see with their own trucks. Like a 12 mile run up 3-7% grades at 100+F ambient temps with the A/C on full blast towing the max rated load (plus two occupants and a full tank of fuel) with a 60 square foot frontal area on the trailer......and maintaining no slower than 40 mph during the run. And that's just one of the tests.

I hope the entire industry adopts J2807 soon. But this isn't a government regulation, it's self policed. So it may mean nothing in the end.

Everything I have read states that ONLY Toyota does. The following specifically states that GM, Ram, and Ford do not.

http://www.edmunds.com/car-reviews/features/no-go-for-standardized-tow-ratings.html

I think not complying is a MASSIVE cop-out. Toyota didn't sit around and "wait" for a redesign or to follow someone else.

 

[Kaisen]

Everything I have read states that ONLY Toyota does. The following specifically states that GM, Ram, and Ford do not.

http://www.edmunds.com/car-reviews/features/no-go-for-standardized-tow-ratings.html

I think not complying is a MASSIVE cop-out. Toyota didn't sit around and "wait" for a redesign or to follow someone else.

Toyota doesn't have much to lose, or much to gain. They're stuck at 70,000 Tundras per year.

Meanwhile, both Ford and GM sell over a half million half tons each (plus their heavy dutys!). Lots at stake. It's a standoff.

Here's your proof that GM did, indeed, comply with J2807 in 2013:

http://news.pickuptrucks.com/2012/05/tow-ratings-adjust-for-2013-gm-pickups/comments/page/2/

 

[daveyboy]

Toyota doesn't have much to lose, or much to gain. They're stuck at 70,000 Tundras per year.

Meanwhile, both Ford and GM sell over a half million half tons each (plus their heavy dutys!). Lots at stake. It's a standoff.

Here's your proof that GM did, indeed, comply with J2807 in 2013:

http://news.pickuptrucks.com/2012/05/tow-ratings-adjust-for-2013-gm-pickups/comments/page/2/

Yeah, I read that months ago too. But essentially they did, and then they didn't. Kinda like they voted for it before they voted against it... .

 

[Kaisen]

The point is still the same. And 200-500 pounds (half tons) is all they're really talking about losing with J2807, evidenced by GM's adjustment for J2807 that they DID announce to the world (where Ford and Ram did not). GM and Toyota have shown their hand.

Until everyone does, then it's apples and oranges to compare tow ratings. You also can't state that a manufacturer that DOES comply with J2807 is "better" or that their tow ratings are "better". In Toyota's case it won't make any difference to acquiring more market share. They've given up.

 

[Kaisen]

What ever happened with this Huntsonora?

 

[Flagster]

he is probably stalking a muley