What are you paying for 2020 Tacomas?

Not sure, didnt look to much into it, came across my email since I did the shopping for my mom's JLU Rubi. I do know dealers are having a hard time moving both and discounts are there (think they realized they overpriced them).

 

84 months?!?! that's 7 years?!?! why would anyone would go into a 7 yrs payments?!? I mean 5 yrs is already crazy... the car makers really people are that dumb to go that long of a loan?!?!

 

Actually, given the time value of money, if you can get a 0% or very low interest rate (and you plan to keep the vehicle that long), it does make since to pay as little as you can for as long as you can stretch it out. The longer it goes, the less that money is worth, the less you are paying.

 

People do all the time, in fact edmunds just mentioned 72 months is the most common term...

https://www.edmunds.com/g00/car-loa....encReferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8=

 

Yep, outside current circumstances, generally anything below 5% as you can make a higher return just investing.

 

Your a little behind the times. They have 96 month auto loans now.

 

RV length loans for an automobile is criminal.

 

When vehicles started costing 40 50 60 thousand dollars it's hard to pay off in 3 to 5 years sometimes .

 

Got my first truck in 1974. It was a 1970 datsun 1600, cost me 1500 bucks but it was the fast one , the other model was the 1300.

 

I believe a good amount of people would like to trade in their truck or car after 5 yrs. 7-8 yrs payment is pretty much keeping you poor for a very long long long time.

 

What should a used 2018 4wd Tacoma go for? I found a couple in my area.

 

There's no way anyone could say. Depends on trim, options, mileage, condition, etc etc. Best bet is to go to kbb.com and type in all the info and it will spit out a range of prices for you.

 

Thank you sir! This will be my first buy so I'm excited to join club

 

Good luck on your search then!

 

I could get an 8 year loan and my truck would still only have 70,000 miles on it max at the end of the loan. I don't see the problem if you plan on caring for it and don't have any intention of trading it in....

 

I am also debating to buy in March or April.

http://www.realcartips.com/toyota-incentives/
this website seems indicating $1500 is still available in April.

 

Yep. Some people are stuck in the old school mentality though of paying it off ASAP, or even buying straight out. That gives you the warm fuzzies (I agree it does feel good to own it outright), but realistically, if you have a super low interest rate, financially it makes more sense to spread the payments out as much as possible.

But do get tired of people being looked down on for making different choices than others.

 

Do you know what trim you want SR SR5 TRD Sport Off Road PRO ? What is your budget ? 4x4 crew cab ? Decisions my friend . Shop for a month and search a few hundred miles around . If you find something you can tell us about it and we will tell if it's a deal or not , good luck .

 

Yes I've been searching for awhile now. Been wanting an off road 4x4 automatic, cement, short bed. I found a few 2018s with about 20k miles. One in cement with a tonneau cover, offering 35544 out the door after fighting the dealer. And a black one with a few additions offering around 36k out the door. Those are my 2 top picks. I'm working my way through the sale forum at the moment. I've been debating on maybe waiting for prices to drop due to this virus but maybe waiting isn't worth it.

 

Of course up to you, but at those prices I'd just get a 2020. I'm guessing you could get close to that from a dealer on a brand new truck, especially during these times. Just look at some of the prices people are getting in this thread. Sales are really slow and there is also a $1500 rebate on top of that, 90 days no payments, and low APR on loans.