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Old 07-08-2009, 12:21 AM   #12
kmf123kmf
 
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Drives: '09 Black 5DR AT
Join Date: Jun 2009
Location: Massachusetts
Posts: 30
I'm also waiting for Cash for Clunkers to kick in and am probably going to go with a Yaris. I'm quite fond of Honda's but the Fit is just too expensive and probably overkill for my needs. I can't get over the Versa styling so much that I didn't even bother test driving one.

Right now Toyota is offering 0% financing for 60 months in my area which is a no-brainer really. I also have a local dealer advertising a $15865 MSRP 5-door for $14288, which is supposedly $500 below invoice. Not sure what they're doing there but I called them and confirmed the price so I guess it's legit.

As far as buying advice the only thing I'd really look out for are add-ons that they try to sell you, usually when you're in the finance office. These are things like fabric protector, extended warranties, gap insurance, rust protection, etc...

Generally, you shouldn't buy any of these things, but the dealer will pull out every stop imaginable to try to convince you otherwise. Often times a dealer will give you a great selling price and even lose a little money on paper because they're absolutely betting on their ability to sell you these add-ons, which by the way have a huge profit margin attached. I got taken for a ride on this stuff when I purchased my first new car, don't let it happen to you! If you get to the finance office and the monthly payment ends up being more than a few bucks from what the sales people told you then something is up. Stop right there and review everything and make sure that nothing got snuck into the bill that you didn't agree to.

Remember that the only products you are required to purchase are the vehicle itself and the included factory warranty.
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