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Anyone have any experience with toyota loyalty?

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Old 06-13-2011, 03:24 PM   #1
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Anyone have any experience with toyota loyalty?

When I bought my 2011 taco, the dealer made me aware of the toyota loyalty program where regardless of credit, if you make all 12 payments on time, you qualify for 0% on your next purchase.

I love my AC but would like to look at a DC as more lockable storage and people-space is attractive to me. I anticipate at the end of the year, I'll owe about $15k on my AC. My interest rate is currently pretty high. My credit wasn't the greatest but I have an awesome job that pays great and I need a good, reliable vehicle thats why I got the taco.

I am wondering if its even worth rolling $2k into a new loan if thats a trade-difference to get a brand new DC at 0% - or keep the AC and continue to rack the miles. my employer re-imburses me at the IRS rate so essentially my vehicle is free out of pocket - or costs me very little to own. And once the loan is satisfied, it will actually make money. Anyone with some advice?

http://www.tacomaworld.com/forum/4-c...-4-banger.html

Has anyone had experience with this program?
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Old 06-13-2011, 03:27 PM   #2
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Toyota has a program like that? Wow, after 4 Toyotas, I had no clue.
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Old 06-13-2011, 03:48 PM   #3
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Historically you get killed on the trade in, especially during the first year. Big part of the depreciation hit.
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Old 06-13-2011, 03:57 PM   #4
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^X2. I think the trade difference will be more than $2K. There's the depreciation on your new truck, and the price difference between Access Cab and Double Cab.
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Old 06-13-2011, 04:04 PM   #5
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Odo miles?
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Old 06-13-2011, 04:17 PM   #6
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Haven't heard of this program. Is this only available after 12 mos of payments? Kbb lists 2010 around 19000$ in my region for priv party, so getting trade value of 17$k may be tough. However, even with slight negative equity, depending on current apr, 0% may save you money ov er the life of loan and you'll have what u really want.
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Old 06-13-2011, 04:56 PM   #7
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Quote:
Originally Posted by Airun View Post
Odo miles?
I bought it in feb and have 13,500. Will prob have 35k after 1 year.

I am wondering if the depreciation hit will balance out the amortization of the loan. Though I am on pace to pay the 6 year note in 3.

Decisions, decisions..
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Old 06-13-2011, 06:57 PM   #8
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I traded in my 09 prerunner for a 2011 4x4 got 0% interest. Paid $26500 for the 09 they gave me $24000 trade in. Paid $30000 w/ttl for the 2011. No money down and they made my first two months payment. It also helped that my friend bought a truck too.
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Old 06-13-2011, 07:29 PM   #9
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Quote:
Originally Posted by doubletaco View Post
I traded in my 09 prerunner for a 2011 4x4 got 0% interest. Paid $26500 for the 09 they gave me $24000 trade in. Paid $30000 w/ttl for the 2011. No money down and they made my first two months payment. It also helped that my friend bought a truck too.
NICE!
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Old 06-13-2011, 07:31 PM   #10
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Quote:
Originally Posted by o5iiawah View Post
I bought it in feb and have 13,500. Will prob have 35k after 1 year.

I am wondering if the depreciation hit will balance out the amortization of the loan. Though I am on pace to pay the 6 year note in 3.

Decisions, decisions..
Yeah, I'd say especially since your making such large payment you should be gtg. And I thought I put a lot of miles on.

BTW, nice Fuelly numbers man!
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Old 06-13-2011, 07:39 PM   #11
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What interest rate are they currently charging you?
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Old 06-13-2011, 08:44 PM   #12
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Quote:
Originally Posted by Taco-NB View Post
What interest rate are they currently charging you?
I'd prefer not to say.

I will be honest in that its not great, and I only got the loan because I made enough that with mileage and salary that I would pay it off early.

I was an idiot -not so much anymore but even a high interest rate doesn't sting as badly when a loan is paid off in 1/2 the time. The dealer must have been licking his chops and I knew it. The best thing I can do is trade in for a 0% or agressively pay it off. I am in a position to do both so we shall have to see.
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Old 06-13-2011, 10:09 PM   #13
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Quote:
Originally Posted by o5iiawah View Post
When I bought my 2011 taco, the dealer made me aware of the toyota loyalty program where regardless of credit, if you make all 12 payments on time, you qualify for 0% on your next purchase.

I love my AC but would like to look at a DC as more lockable storage and people-space is attractive to me. I anticipate at the end of the year, I'll owe about $15k on my AC. My interest rate is currently pretty high. My credit wasn't the greatest but I have an awesome job that pays great and I need a good, reliable vehicle thats why I got the taco.

I am wondering if its even worth rolling $2k into a new loan if thats a trade-difference to get a brand new DC at 0% - or keep the AC and continue to rack the miles. my employer re-imburses me at the IRS rate so essentially my vehicle is free out of pocket - or costs me very little to own. And once the loan is satisfied, it will actually make money. Anyone with some advice?

http://www.tacomaworld.com/forum/4-c...-4-banger.html

Has anyone had experience with this program?

WHAT?!?!?!?!?! This is my 4th brand new fucking Toyota purchased in 15 years. I bought em all at the same dealership from the same guy and I've never heard of that shit before.
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