Thought this would be a great heads up...just got an email from a dealer nearby (Davis, CA) about some details of new incentives starting October 5th. "Toyota just enhanced their promotions on Priuses starting October 5, 2010. In addition to special rates or $500 rebate, they added a $1000.00 down payment assistance when you buy or lease a new 2010 Toyota Prius." Wish he included the APRs. The previous rebate was $750. Seems like a decent deal if APRs either stay the same or even better and bring back 0% for 60 months to California *crosses fingers* I'm thinking we'll be purchasing our III this month. I am curious though what the next incentives will be and when they new 11's will be coming out. From what I read, Toyota's sales haven't increased as much as the other makers have. Bad for Toyota, good for us.
I'm curious as well. They have programs like this for homebuyers. I think it was determined based on your income or if you're just a first-time buyer. Don't quote me on that though I'm not even sure if that's how the program works.
My dad said in CT he saw an ad where a dealer would match your $1,000 down with another $1,000. We'll have to see I guess.
If that's how this program will work then this sounds very inticing. We will be trading in a 2006 Corolla S and if the dealer will match $1000, I'll be glad to put up $1000 on top of the trade-in.
So far can't find anything for the new incentives. Thought they usually came out the day after the old ones end.
Same here can't find any new incentives. I'm sure they'll be put out there though. I wouldn't expect this dealer to email me false information just to get some business from me lol
Looks like it's jsut some financing stuff - 0% while no lease deals and they even went up due to residuals. Which I always wondered if residuals really matter. #1 if you aren't planning to buy the car then they really don't. #2 aren't the negotiable at the end of the lease anyway?
actually i've seen some of the toyota dealership sites being updated today...here's the quote... "10 Years of Prius in the U.S. Celebrate with a $1,000 Cash Match from Toyota" I just sent off a message requesting more info about this. As far as residuals I'm not too sure. Not really familiar with leasing. I always thought residuals were pretty much set at a certain price...No clue though. :\
Oh cool- I'll keep checking here. I know Dinanne is the go to person for SoCal- but she hasn't mentioned this $1,000 cash match yet.
Ya I've seen a few in the Norcal area already....also 0% at 60 months. It's tike for me to purchase a prius lol
2010 Prius 0% APR plus $1000 down payment match 0% APR PLUS $1000 down payment match or $500 cash back plus $1000 down payment match Includes Toyota Care Offer Ends 11/1/2010 Financing available only through Toyota Financial Services to qualified buyers with premium rated credit. Down payment match must be applied to transaction. 60 monthly payments of $27.78 per $1,000 borrowed. No down payment required if qualified. Cash back not available with special APR. Offer ends 11/1/10. live in LA but had to be in mountain view for 2 weeks and this is their deal. Why isn't socal offering these deals or at least matching it.
Even some of the dealer's financing is different around me..some have 0% for 60 months or 0.9% for 60...going to drop by and see for myself
Different dealership use different banks, these various finance rates may not necessarily be through Toyota Financial...
When I bought my Prius there was a local dealership offering 0%, but when I asked the dealership I purchased from they said the lowest they offered was 3.9%. I can only assume if the rates were through Toyota Financial they would be the same throughout the region. We were fortunate enough to get a good amount for our trade and an awesome deal on the Prius, so we put the $3K difference on our credit card (to get the points) so I wasn't to concerned about the rates. I also found out that I would have paid considerably more if I had taken the reduced interest rate, so we made out much better the way we went...
Jordan, I am thinking that some dealerships do things that enable them to offer a lower rate than what's special published. Things like charge more for the car, specifically. For example, if someone wanted 0% when I do not have it available, I have to calculate the difference in the interest between 48 months @ 0 or 48 months @ 0.9 like we have now... because when it's written at 0 and that's not available, the bank (TFS) will charge US back the rate difference. As long as there is enough profit in a deal, we can do that. Capische?
