I'm paying $388.88 a month for a yaris. - Toyota Yaris Forums

waylandchin · 04-10-2007, 02:21 AM

It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance.

how much are you guys paying?

should I use my mom's credit to refinance? she has a credit score of 697

ROCKLAND TOYOTA · 04-10-2007, 08:56 AM

i pay 284.00 a month with 2g's down and no co-signer....

Black Yaris · 04-10-2007, 09:42 AM

$215

Slummy · 04-10-2007, 10:05 AM

$290 w/ $1500 or $2000 down. Cant remember which.

msagowitz · 04-10-2007, 10:56 AM

Oh man. I really hate tell you this, but you got ripped off really really bad. If your mom is willing to cosign for you, you should have done that to begin with. 72 months is WAY too long to finance a car. You should really only do 48 months, 60 at the very most. If you can't afford the payments at 48 or 60, then buy a cheaper car. $700 for gap and $1980 for your million year warranty was a waste. How much did you pay for the car itself? Listen to Clark Howard on talk radio, or at least go to his website. You'll want this to be the only time you've thrown thousands of dollars away. I'm actually surprised you got a 12% rate with a 604 credit score. That dealership has got to love you.

brickhardmeat · 04-10-2007, 12:18 PM

250. 60 month term

PetersRedYaris · 04-10-2007, 12:32 PM

$1500 down, $247/month.

ChinoCharles · 04-10-2007, 01:49 PM

Quote:

Originally Posted by PetersRedYaris

$1500 down, $247/month.

Exactly.

the_boss · 04-10-2007, 10:39 AM

275$ CAD lease, basic manual 5 dr....no down, good credit...

jamal1984 · 04-10-2007, 10:54 AM

$500 a month for 2 years, 2 thousand down.

Nimble · 04-10-2007, 12:57 PM

O-M-G OP you're getting ripped. Lol how can one person (you) drive a Yaris at an overall cost of $25K+, and another (me) hand over $12900 in cash and be done with it? Unbelievable. I'm stunned.

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty. Same deal with the gap insurance....waste.

static808 · 04-11-2007, 12:56 AM

Quote:

Originally Posted by Nimble

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty.

+1

its the reason we bought toyotas, so we wouldnt have to buy extended warranties. you can still get a refund for your warranty if done though toyota corporate. it may be prorated from the day you purchased it, but some money back is better than nothing. if you got a third party warranty, you may be SOL. and like others have said, if you can refi and change to a 48 month plan, please do so. these lingering payments over 6 years can possibly ruin what should be a joyous purchase. hope this helps a bit..

--B

bethd127 · 09-29-2007, 02:54 PM

Quote:

Originally Posted by Nimble

O-M-G OP you're getting ripped. Lol how can one person (you) drive a Yaris at an overall cost of $25K+, and another (me) hand over $12900 in cash and be done with it? Unbelievable. I'm stunned.

It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty. Same deal with the gap insurance....waste.

While the GAP insurances they offer at the dealership may be over-priced, GAP insurance is definitely not a waste IMO. My 2007 just got totaled, and the GAP saved my a$$. I agree about the warranty however.

IllusionX · 04-10-2007, 05:22 PM

i'm leasing mine.
339.54$ a month.. untill i buy it. with 6.5% APR.

if i were to finance the car... 22860.65$ or 440.90$@5.9% for 60months

hey, don't forget the currency is The Canadian Dollars. :)

Unknown_Epiphany · 04-10-2007, 05:27 PM

265 a month with 6k down. I will be paying it off by Dec 31st though.
Every cent I own is going to go towards this car.

Nimble · 04-10-2007, 06:11 PM

Quote:

Originally Posted by Unknown_Epiphany

265 a month with 6k down. I will be paying it off by Dec 31st though.
Every cent I own is going to go towards this car.

That's a nice way of planning. Good for you.

SilverBack · 11-11-2008, 08:24 PM

Price out the door: $12,500, $3,500 down.

Before Re-fi: $203/month for 7 years.
After: $185/month for 6 years

Credit was just barely good enough to let my bank cut me lots of slack with the interest rate. Didn't think it would go that far down, but I guess an Equifax score of 735 will allow it... Still think I got lucky, no complaints though

Black Yaris · 04-10-2007, 06:14 PM

my wife pays the bills, she tells me she pays $500 on my car a month to pay it off early, I just remember the payment was $215 when we signed the paper work... hell if I know, I don't ever see any money, bills, nothin, kinda nice :)

04-10-2007, 02:21 AM	#1
waylandchin View User's Garage Drives: Toyota Yaris 2007 Sedan Join Date: Apr 2007 Location: West Covina Posts: 24	I'm paying $388.88 a month for a yaris. It's really high because my credit score was 604 according experian. I financed the car with no money down at $388.88 a month for 72 months. that includes $700 for gap insurance and $1980 for 84 month platinum warranty service. The total amount financed is 19,817.53. If I pay the minimum every month, I would end up paying 27,999.36. They are charging me 12.14 APR. I think I'll use my mom's credit to refinance. how much are you guys paying? should I use my mom's credit to refinance? she has a credit score of 697

04-10-2007, 09:42 AM	#3
Black Yaris der Zeck View User's Garage Drives: '05 Audi A4 1.8t quattro Join Date: Sep 2006 Location: Toledo, OH Posts: 5,231	$215 __________________

04-10-2007, 10:56 AM	#5
msagowitz Drives: 07 Toyota Yaris Sedan Join Date: Jun 2006 Location: Beavercreek OH Posts: 88	Oh man. I really hate tell you this, but you got ripped off really really bad. If your mom is willing to cosign for you, you should have done that to begin with. 72 months is WAY too long to finance a car. You should really only do 48 months, 60 at the very most. If you can't afford the payments at 48 or 60, then buy a cheaper car. $700 for gap and $1980 for your million year warranty was a waste. How much did you pay for the car itself? Listen to Clark Howard on talk radio, or at least go to his website. You'll want this to be the only time you've thrown thousands of dollars away. I'm actually surprised you got a 12% rate with a 604 credit score. That dealership has got to love you. __________________ Iam on the scene in miami street racing life. -Elsteverino889

04-10-2007, 12:18 PM	#6
brickhardmeat Lonesome Cowboy View User's Garage Drives: 2007 WHITE HATCHBACK Join Date: Feb 2007 Location: Inner City, Dallas Posts: 2,995	250. 60 month term __________________ SPONSORED BY

04-10-2007, 12:57 PM	#11
Nimble Modification Condoner. Drives: 2007 Black Sand Liftback Join Date: Jan 2007 Location: Chicago, IL Posts: 360	O-M-G OP you're getting ripped. Lol how can one person (you) drive a Yaris at an overall cost of $25K+, and another (me) hand over $12900 in cash and be done with it? Unbelievable. I'm stunned. It's a Toyota, there's no need for the $2K bend-me-over-and-take-it-in-the-pooper extended warranty. Same deal with the gap insurance....waste. __________________ Tanabe DF, Debadged, stripped, Black emblems

04-10-2007, 08:56 AM	#2
ROCKLAND TOYOTA TRIM HUNTER View User's Garage Drives: 2007 BLAZIN BLUE YARIS 3 DR Join Date: May 2006 Location: ROCKLAND COUNTY NY Posts: 2,088	i pay 284.00 a month with 2g's down and no co-signer....

04-10-2007, 10:05 AM	#4
Slummy View User's Garage Drives: Black LB Join Date: Aug 2006 Location: D.C. Posts: 249	$290 w/ $1500 or $2000 down. Cant remember which.

04-10-2007, 12:32 PM	#7
PetersRedYaris View User's Garage Drives: 2005 Scion xB Join Date: Nov 2006 Location: The Black Hills of South Dakota Posts: 1,059	$1500 down, $247/month.

04-10-2007, 10:39 AM	#9
the_boss View User's Garage Drives: 07 YARIS HATCH 5 DOOR Join Date: Apr 2007 Location: Montreal Qc Posts: 354	275$ CAD lease, basic manual 5 dr....no down, good credit...

04-10-2007, 10:54 AM	#10
jamal1984 The Beautification of Car View User's Garage Drives: Toyota Yaris S Join Date: Aug 2006 Location: Georgia, USA Posts: 967	$500 a month for 2 years, 2 thousand down.

04-10-2007, 05:22 PM	#14
IllusionX It's the illusion you see View User's Garage Drives: 07 Yaris Sedan Aero Join Date: Oct 2006 Location: Brossard, QC Posts: 3,888	i'm leasing mine. 339.54$ a month.. untill i buy it. with 6.5% APR. if i were to finance the car... 22860.65$ or 440.90$@5.9% for 60months hey, don't forget the currency is The Canadian Dollars. :)

04-10-2007, 05:27 PM	#15
Unknown_Epiphany First Ever Import Drives: 2007 Silver Streak Mica Sedan Join Date: Mar 2007 Location: Delaware Posts: 86	265 a month with 6k down. I will be paying it off by Dec 31st though. Every cent I own is going to go towards this car.

11-11-2008, 08:24 PM	#17
SilverBack Joey View User's Garage Drives: '14 Scion xD 5-speed Join Date: Oct 2008 Location: El Monte, Ca Posts: 3,529	Price out the door: $12,500, $3,500 down. Before Re-fi: $203/month for 7 years. After: $185/month for 6 years Credit was just barely good enough to let my bank cut me lots of slack with the interest rate. Didn't think it would go that far down, but I guess an Equifax score of 735 will allow it... Still think I got lucky, no complaints though __________________ Formerly owned Met-Met. '07 Yaris LB 5-speed. A forum post should be like a skirt: Long enough to cover the subject but short enough to keep things interesting. "I don't have an anger problem. I have an idiot problem." -Hank Hill

04-10-2007, 06:14 PM	#18
Black Yaris der Zeck View User's Garage Drives: '05 Audi A4 1.8t quattro Join Date: Sep 2006 Location: Toledo, OH Posts: 5,231	my wife pays the bills, she tells me she pays $500 on my car a month to pay it off early, I just remember the payment was $215 when we signed the paper work... hell if I know, I don't ever see any money, bills, nothin, kinda nice :) __________________

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