Your Yaris Cash Deal Stories???

[paguy717]

Anybody have stories about buying their Yaris in a Cash Deal at the dealership? I love how dealers act when they hear you are paying in cash with no financing! Freaks them out! Cant add on too many rip off fees and cant stick you. I bought my 2009 Toyota Yaris 3 Door Auto Liftback last year for $12,140 Out the Door Cash with No Trade Ins or Financing. Taxes, tags, all fees including in that. Best deal I could find! Basic car with the Weather and Convenience Package. It was actually suppose to be $12,100 Out the Door but they stuck an extra $40.00 "tag fee" in at the last second. Anybody have good stories?

[paguy717]

Looks like nobody pays with cash..or at least got a great deal!

[nemelek]

I always pay cash. The last time I didn't Dodge was offering $1,000 off if financed through their credit company. Then I made one payment. To make a clean deal with out a trade in or financing is the way to go. I am not sure of the % today but 6 years ago I had a neighbor who was a finance manager at a dealership. He stated that 5% paid cash, 55% leased and 40% financed. Their dealership made a lot of money on leased vehicles.

It takes awhile but to live on Yesterday's money instead of tomorrows money is a great place to be in life.

[paguy717]

100% agreed. Not having any car payments is such a relief! I hear the Repo horror stories from friends.

[YAR1S]

I bought my 07 yaris in the summer of 08 from a guy off craigslist who had put 30k on it with driving for work.

I paid him 11k in cash and he drove it to me from about 200 miles away :)
Its an auto with all the bells and whistles, clean title, and immaculate.


I only buy with cash, makes it so much easier.

[Roscoe]

When buying or selling I like the easy payment plan.....100% down

[RedRide]

I don't think it make any difference to a dealer if you pay cash or not.

Personally, I also go my '09 2d HB for abour $12500. I paid 8k down from one of my accounts and financed the rest @ 0% interest.

I could have paid the whole thing in cash but, why? The additional money I could have given the dealer is still in an interest bearing account and I'm not paying any interest on the balance.

[paguy717]

Hi RedRide, You must have untouchable credit! Most people cant get 0% financing. Dealerships make most of their money on financing. A lot of the dealerships that I called looking to do a cash deal would be EXTREMELY RUDE when I mentioned it would be all cash and no trade ins or financing. Others just brought the price up by a few thousand dollars more then my lowest price. Unreal.

[RedRide]

Yes, I do have excellent credit but, that has little to do with it.

A dealer wants to sell a car and how you pay for it is irelevent for the most part.
Granted, Toyota can make more money if you finance through them.
However, the local dealer is out of the loop on this and the finance charges you pay go to "TFS " which is a seperate corp just like GM has their GMAC

If a dealer charges youy more for cash, he is BSing you and using it as anothe bogus excuse to raise the price.

The "trick" is to negotiate a final price before discussing how you are paying for it.
There is no discount for paying cash and it is all the same to a dealer as long as they sell you the car.
The dealer gets the same amount no mater how you pay for it.

BTW, the dealer would just as soon let you finance it yourself though your local bank as long as they make the sale. However, the person handeling the financing will push TFS because it is much easier for them and they are told to stay within Toyota's TFS if possible as I believe it one of the requirements of their franchise to do so.

Buying a car is always a buyer's market and you hold all the chips!

[SilverGlow]

Originally Posted by RedRide

I don't think it make any difference to a dealer if you pay cash or not.

Personally, I also go my '09 2d HB for abour $12500. I paid 8k down from one of my accounts and financed the rest @ 0% interest.

I could have paid the whole thing in cash but, why? The additional money I could have given the dealer is still in an interest bearing account and I'm not paying any interest on the balance.

You're abit neive about the car business.

It matters a TON to the dealership how a customer pays for the car. You really think the dealership is out of the loop on financed deals? You act like you know the business, but you don't even know as much as my dog...you should be embarrassed to read your spew on this subject. The dealership gets a cut of new finance business they give banks, and other loan companies...surely you're not so inexperienced on this, are you? Maybe you're just joking, right?

The dealer would MUCH RATHER arrange the financing then for the customer to find it someplace else themselves...I love how you spew like you know what you're talking about, but it is self evident that you no nothing about the car business.

When financing a car, the dealer can and will play all kinds of tricks to force the buyer to buy extras, like lowering the interest rate if they do, or increasing it if they don't .

Often, dealerships would rather a customer NOT pay cash...they make a LOT more $$ off those that finance.

Oh, and that $ you have in your interest bearing account? Big deal! 1% or 2% is a joke. In this economy it would be far better to just pay the car off if you can, so that if there comes a crisis in your life, no worry for the car payment.

[auxmike]

@ SilverGlow

[frownonfun]

yea thumbs up to a complete asshole... it's one thing to correct someone but damn no need to be rude in the process.

Edit: oh and i'm not sure if that was a typo or not but it's actually spelled naive.

[mr9865]

i would have to side with frownonfun

[RedRide]

I'm certianly not going to get into a pissing match with an inmature individual who can't keep his eye on the ball and does not even know what game they're playing.

A dealer wants to sell a car any way they can and it really does not make to much difference how someone pays as as long as they sell the car.
Any dealer who does not have this mind set would not be in business very long!

BTW, does "someone" have some proof that a Toyota dealer will get a "cut" from TFS?

[RABYARIS]

Originally Posted by RedRide

I'm certianly not going to get into a pissing match with an inmature individual who can't keep his eye on the ball and does not even know what game they're playing.

A dealer wants to sell a car any way they can and it really does not make to much difference how someone pays as as long as they sell the car.
Any dealer who does not have this mind set would not be in business very long!

BTW, does "someone" have some proof that a Toyota dealer will get a "cut" from TFS?

I used to believe this too. I have learned that the dealers are really making money on what they car add onto the car and not the car itself. Loan interest, fees, navigation, extended warranties & etc. is where they make their money. I have found that paying cash has gotten me a cold shoulder from dealers at times. I think part of the issue is that cash buyers are more critical of the price they pay and try to get the lowest price. Loan buyers often get fooled by the "what monthly payment are you looking to spend."

[why?]

While SilverGlow has always been a complete jerk, his information is correct. Dealers get a kickback for everything they sell.

If they didn't, why would they bother?

It is the same thing for all dealers. Dealerships are individually owned, so why would they do something for free?

[TEHxFALLEN V1.2]

My dad paid close to $17K for the Yaris out the door.. 60K/5 Year service plan included.

Looking back now, that was a hell of a lot of money.

And I was asking for an STi for my first brand new car lol.

[frownonfun]

Originally Posted by SilverGlow

Idiots stick together ;-) Go get the facts, then feel like an idiot some more ;-)

ok dude that's the second time you've insulted me now. i could care less about the subject at hand. maybe you're wrong. maybe you're right. either way it's irrelevant to me. my point was that you don't need to be so rude. true i didn't say it in the most diplomatic way and for that i apologize. but frankly, for you to come on here and insult me yet again is really unnecessary and childish.

All that aside, the internet isn't nearly as anonymous as you think. so don't attack me again in the forums. thanks.