Making an offer, what do you think?

I am very close to purchasing a tacoma. I'm thinking of some different options on what I can afford. I am looking at a black 09 double cab SR5 with aluminum wheels. The TMV on it shows $23,100. I've got some extra cash from selling my car and my tax return and thought I would offer them $21,000 cash + ttl.

Anyone think they will take this?

Or should I finance?

 

If its cash then then you might have a really good chance.... especially in this economy

 

Their are quite a few things that need to be looked at. The economy for one. Having 21,000 cash right now might be good to put away. I don't know you and your situation right now..job,finances,bills,credit score,etc....Do you need a vehicle right now? Is financing for you a better long term thing? Its a tough call. It comes down to you and how you feel. You are going to get all kinds of answers here. Do what you feel would benefit you. Good Luck.

 

^^ Well said

 

I believe they are still offering 0% APR/36 month financing. I tool this option on my truck because I am earning interest on that money in the meantime. Money markets and CDs are low right now...but even 2.5% interest is better than nothing. It is at least something to consider. YMMV.

 

Thanks for the advice. I just sold my car so yes I need a vehicle. I got married over a year ago so we are looking to have kids within the next couple of years, so that is why I was thinking to just purchase a vehicle in cash. Also, when I mean cash, I still have my savings that I am not touching at all. With interest rates on CDs and savings accounts though, it seems like it wouldn't be making me "that much" money (around 2% in a CD) vs. having a 6% vehicle loan.

If this is the case, 0% apr/36 month, then that seems like it may be a better option. My thinking was they quoted me $24,675 for the truck, but if I went to pay with cash, I could possibly get it for $21,000. Is that reasonable, or do you think they would just laugh at me?

Thanks for all the replies

 

I am not sure where you are located, but on Toyota's website they at listing 0%/36mo until March 2nd...at least for the South East region.

Offer them $21k - the most they can do is say no, right?

 

Actually, I believe Toyota has cash back on Tacomas right now, as high as $1500.--may be better for your situation then 0% apr. Also, I would do the deal on-line. Send them your offer and get everything in writing. Make sure they don't apply the rebate to come up with the price...
Thanks for all the replies

 

I don't know what happened^

Actually, I believe Toyota has cash back on Tacomas right now, as high as $1500.--may be better for your situation then 0% apr. Also, I would do the deal on-line. Send them your offer and get everything in writing. Make sure they don't apply the rebate to come up with the price...

 

Thanks for the advice everyone. I went to the dealer today and they are at $24767, but they said that includes the $1000 rebate. I've still got to weigh my options.