Canadian Price..??..Anyone..!!

With my local taxes the new Colorado for $587/month for 72 months ($42,264) or a new Tacoma for $721/month for 72 months ($51,912). That's spitting distance from $10,000 difference?!? WTF?




I think the Z71 is closer to the Tacoma Limited but for arguments sake here it is. $612/month for 72 months ($44,064) Still $7,848 less than a TRD Sport!?! The Z71 is $14,581 less than a Tacoma Limited. ... What!?!...

 

I believe GM is offering 0% on the 2015 Colorado right now up to 84 months. Toyota is at 4.89% over 72 months on the 2016 Tacoma. So that's over over $5000 right there. Then you are comparing a base model LT to the TRD Premium trim, so add on the options to make them even and you'll be within $2000 of each other.

 

Yikes. That really puts it into perspective. At one point I thought the Colorado's were way to expensive.

 

I edited my post to compare to the similarely equipped Z71. The Z71 is $7,848 less than the TRD Sport.

 

Most of the difference is in financing between a 2015 Colorado and a 2016 Tacoma. Toyota knows demand is insane and that people forget about the interest rates so they are charging an arm and a leg for financing. The 2015 Colorado's are on clear out, there are very few left that aren't one offs at this point, so it's not surprising GM has gone to their usual "we pay you back your taxes we stole" 0% financing.

 

Except you are counting end of the year financing against new model financing. Not the same thing there. Over $5000, the way I calculated it worked out to about $5948, of your calculation is on financing charges.

Take that off and your difference is about $1900. Right around the normal Toyota brand up charge.

 

I haven't heard back from my sales person yet, so I'm not so sure we have a deal :/ not the end of the world if I have to order.

 

If you want to save money wait for Toyota to drop interest rates. Usually most companies have some specials around and after Christmas to keep vehicles moving when everyone is broke.

 

Exactly. The price that almost all of us pay. How many guys on here are paying cash for their trucks? It doesn't matter what the sticker says, it matters how much of your money comes out of your account so that you can have a truck in your driveway. ...Except for the 0.1% of people that pay cash.

 

No, that's not what normal people do. Anyone with half a brain would either finance over a shorter term to get a better rate or go to the bank if they are desperate enough not to wait for Toyota to drop the interest rates if they are looking strictly at cost. Watch. Around or just after Christmas Toyota will put that rate down to 1.9% over 5 years, which is the longest any sane person should take out a vehicle loan for, and GM's rate on the same 2016's will be within a percent.

I'd also add normal people don't rush to buy a truck on the first day it's available. Most people wait a few months before making a purchase on a new model. I waited until March 2015 to buy a new model Ford my wife and I wanted. We ended up getting 0.9% financing over 5 years and peace of mind that the truck didn't have any glaring issues.

 

Unless I get 0%, then my money will make me money sitting in a savings account, but that will never happen with Toyota. The fact that they don't drop trow and hand out 0% is what helps Tacoma's hold their value as well.

I'd wager a guess that after 5 years the Tacoma will far surpass either GM truck in retained value. You can save a few bucks in the short term but you'll eventually pay for it over time.

 

Dodge/Fiat/Ram/Chrysler is the worst for finance rates btw in my experience. Everytime I've been in one of their dealerships in Canada they offer really low monthly payments based off your negotiated price, and then they don't mention that it's all financed over 8 years at +5% percent interest. What kind of person would want to waste their money like that

I remember asking a sales guy once what term I'd have to go to with Dodge financing to have under a 4% interest rate. He laughed at me and said they didn't have one. I believe his exact quote was "a 20 something year old should feel lucky to be able to get a loan at all." I then went and bought a Ford Escape at 0% over 5 years lol.

 

I guess it just burns a bit that Toyota is taking advantage of their biggest supporters by jacking the interest rates on top of what feels like a bigger than normal Toyota price hike.

 

I have 0.9% financing on my Tacoma, Toyota plays ball with their interest rates when demand isn't crazy. Right now Toyota is offering 0% on several lease terms for example, just not on the Tacoma because it's brand spanking new and the demand is crazy high from must have it first adopters.

Toyota usually retains value more based on the crazy fan base, present included, and the higher initial asking price.

 

I get it. Yes, Toyota is asking a ton of premium for these trucks to the average person. It sucks.

 

Of course, but you'll never see them hand out 0% for 72 or 84 months though. This does help retain their value as well. by handing out those interest rates over such long terms it does devalue the vehicle.

F150's have a crazy fan base but they depreciate like mad.

I also agree that you shouldn't be stretching payments past 60 months, vehicles are a terrible investment to begin with but you can really dig yourself a hole if something ever happens like a total loss and you have a loan left for $30,000 on a vehicle that's now only worth $20,000 in replacement cost.

This is one of the reasons I'm coming back to Toyota!

 

I wouldn't call the 9th best car overall all for retained value bad

http://www.kbb.com/new-cars/best-resale-value-awards/best-resale-top-10-cars/

The F150 does better than most of Toyota's offerings and only slightly worse than the 4Runner.

Only Tacoma and Jeep have the insane fan base that would buy anything with that name badge on it.

 

Oh, and my 0.9% is on a 5 year term. I'm fairly certain that within the next decade we will see the end of these crazy low interest rates period, no matter whose car it is.

 

Toyota BC is advertising 0.99% for 48 months on 2015 Tacomas

 

ya but which will still be worth at least 25K after 4 years? lol Domestics depreciate really quick almost as bad as the germans. some reason Toyota really hold value.

And the toyota will probably out live the GM any day.