My mother went to the dealer earlier and she likes a Toyota corolla that is about 19,000 and she got about 1,700 discount 1.9% interest and payments at around 260 with a $5,000 down payment. Can she push it any lower or is this as cheap as its gonna get??
Price Advice For A Toyota Corolla?
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1st ur numbers are within reason.
2cd the calculations seem accurate enough.
3rd it really is a matter of the deal. look up the price the maker charges the dealer (usually 85%) of list price. If the dealer is high volume then take an additional 10% off that and you know where there profit line is. They will need to make PROFIT for the deal to be worthwhile.
The auto dealers pull many tricks to coerce a sale. Make an offer and walk. Let them think a day and make the same offer again directly to the sales manager. DO NOT let them gang up and tell you what a deal it is.
No Thats actually a good payment. Just think of it like this.. For every 5K you finance, your payments will be $100.
So about 15K is 300.
Your mother is $40 lower then that.
She also has a really good interest rate!
Good luck on your car buying experience!!
year? lol