New Tacoma Buyer, Advice Needed

Quoted ~41.6k (MSRP $40.1k but they matched another dealers MSRP of $38.1k) after CO taxes for a 2021 Off road (4Door, V6, 4WD, 6ft bed) with tech package and all weather floor liners/door sill protectors.

I’ve saved up 15k to put down and this will be my first car purchase. Looking like with 2.9 APR and 72 month financing my payments will be around 400/month. Was wondering if anyone had some feedback on if this is a good deal or not. Had a hell of a time finding this truck due to limited availability. From CA but moving to CO and already have a residence there. Any insight appreciated!

 

EEEK! Don't give up $15Gs AND take out a six-year loan If you can put that much down AND pay it off in 36 months...Great!

 

thanks for the response. I’ll be a student the next 7-8 years (getting my DVM and PhD) and have been given a unique situation with a stipend every month. I wanted to stretch out the financing plan so I can have more room for my monthly budget. I had already been saving for quite some time for a car so I thought this made the most sense to make the car affordable on a month to month basis. A 36 month plan would definitely be out of my month to month budget. Any advice would definitely be appreciated though.

 

What’s the rush ? Shop around till you get a better deal . Always best to negotiate the price of the truck never tell them you are putting money down .

 

...get more details on that 72mo term if you will or will not get hit with some type of fee for paying off the vehicle early... If there are no consequences for paying down the principal of the vehicle before end of term, you are golden.

 

Thanks fkr

Thanks for the reply! I’ve been lookin for 4 months now at probably 10 dealerships between CA and CO and this is the best I’ve received so far. Need the truck by June-ish (before I move to CO for school) at the latest so that’s kinda the rush.

I just asked for quotes of those down payments and haven’t said what I’d be putting down just yet.

 

It blows my mind what new trucks go for these days. I bought a 1999 GMC XLE K3500 crew dually, fully loaded, 8' bed, turbodiesel, for $32K, and you're looking at half as much truck for another $9K over that. Of course, when I sold that truck, I gave $25K for a 6-year-old (at the time) 2011Taco DCSB SR5.

I can't say whether it's a good deal or not. If I ever buy another truck, it'll be a '58 Apache restomod.

 

Personally, I'd get something much cheaper (think Civic or Corolla) until you land that money job, then get whatever the hell you want. Not being a smartass by any means, just a suggestion. Good luck and welcome to TW!!

 

I agree that you should take out the shortest loan you can afford (repeat after me "debt sucks!"). However, if you must take out a 72 month note to make this work for you, just make sure (in writing) that it's a simple interest loan with no pre-pay penalties. Again, make sure you see this in writing; just don't take the finance guy's word on it. And add an extra $50 bucks (or more) to your payments starting from month one and you will be surprised how much this will save you down the road in interest. One more time; debt sucks!

 

totally understand your point of view and appreciate it. I’m really outdoorsy and my goal is to throw a snugtop on the back and camp out in CO in my free time. I’ve wanted a Tacoma for quite some time after having small sedans the past 5 years.

 

Agreed. IMO, not the time to buy a 41k pickup.

Think solid used truck. What can you find for 30k? 15k down and 15k financed.

 

I totally get that, I'm 53 and have never not owned a truck. Keep us posted and throw up some pics if/when you get one.

 

From the research I've been doing locally, there are so many dealers selling their certified pre-owned tacos for only a few thousand cheaper than me buying a brand new one. Also, the financing plans on the certified pre owned ones I had previously found were not as good as a brand new. On top of that, with this being my first brand new car purchased, I really wanted to make sure I would have a reliable truck with a warranty for the next 7-8 years of school. Brand new Tacos with a long bed and 4WD in my budget range have been very hard to find, and used ones even more difficult.

 

Ask for advice then insult me ? Wow your a real piece .

 

Huh? I totally appreciated your response and definitely didn't try to insult you! I'm sorry if it came off that way.

EDIT: Ah, I see what you may have been referring to. My original response says "Thanks fkr" on the top of the quoted reply but my actual response is underneath that!

 

Save the money to pay for school. Buy a nice clean older first gen or something cheap.

 

Historically, this is not a good deal, with the caveat that there are no good deals out there due to Covid. For reference, I paid $36,000 for my 2019 TRD-OR in the exact same configuration AND was given $1500 more for my trade than it was as actually worth. A used 2nd gen might get you to where you want to be at much less cost.

 

^ ^ this.

Patience on the new and depreciating purchase. Education will appreciate and keep you in a new truck a little later.

 

So this is where it gets a bit tricky. I have been given a full-ride scholarship for all 7-8 years of school, with a monthly stipend for living expenses on top of it. So, for the first time in my life, I can afford the truck I've always wanted with the security of knowing it doesn't have to be a used one that could break down. I am *extremely* lucky and grateful for it, and thought I might as well get a car that I want and can afford. I just want to make sure I'm not getting ripped off and was interested in any advice from you all for haggling/things to look for, etc.

 

Thanks for the reply! I totally understand that. My reply to bigoldbeef describes my circumstances a little more.