SPECIAL 2.9% FINANCING THROUGH TMCC (Toyota Motor Credit Corporation) WOULD FEEL IF THEY KNEW THAT THEY DID QUALIFY FOR THAT 2.9% RATE, BUT WERE TOLD THAT THEY DIDN'T QUALIFY FOR IT BACK IN EARLY 2004 WHEN TOYOTA WAS RUNNING THAT SPECIAL PROGRAM ON COROLLAS, huh?
In early 2004, Toyota Motor Credit Corporation, along with Toyota, was advertising 2.9% interest rate for 60 months on Corollas on National TV. That comes out to be $17.92 for every $1,000 financed. That's a good interest rate. But many Toyota customers were told that they DIDN'T QUALIFY for that low rate, when in fact they DID QUALIFY!
Just think, many of those Corolla customers are now coming to the end of their loans and they could have saved a lot of money in interest payments had the Toyota dealer not LIED to them, correct? Paying 2.9% over 60 months for a $15,000 loan, as an example, comes out to be $268.80 per month, right? Simply multiply 15 x $17.92 and you should get $268.80 per month. That's an affordable payment, isn't it?
If you go to a payment calculator you can verify that figure. Simply use 60 months, 2.9%, and $15,000 as your figures. Then see what the difference is in payment if you use 7.9% or 8.9%.
*In short, most Toyota dealers, along with Toyota Corporation, believe in LYING, DECEIVING, MANIPULATING, & TRICKING as many innocent customers as possible.
P.S. 'Google' this- AUTO DEALER LOUIS F HARRELSON TO PLEAD GUILTY, and read that article. Then 'Google' this- CAR SALES: TRICKS OF THE TRADE- CONSUMER ALERT, and watch that video.
Thank You.
WELCOME TO TOYOTA- IN TRICKERY & DECEPTION WE TRUST