Buckscoop > Deals > Everything Else > Toyota: 2.9% Finance on Corolla Hatch, Yaris Hatch, Hybrid Camry & Prius.

Toyota: 2.9% Finance on Corolla Hatch, Yaris Hatch, Hybrid Camry & Prius.

Posted By: normie, posted 2010/11/03 18:43
Toyota is offering 2.9% Finance on Corolla Hatch, Yaris Hatch, Hybrid Camry & Prius. Plus $130 Capped Service price.
Expiry date:2011/01/31
15°-+
  • Donkey2010/11/03 19:37:54
    Some interesting stats (interesting to me :) )

    If you were to use the 2.9% finance offer to buy yourself the basic Toyota Prius and you want to finance the whole lot ($37,000) the loan will cost you the following over the max 48 month loan period.

    With 0% balloon. $2105.12
    With 10% balloon. $2222.60
    With 20% balloon. $2372.69
    With 30% balloon. $2522.78
    With 40% balloon. $2672.87

    Thats just the cost of taking out finance at the Toyota rate. Then assuming the car depreciates at a rate of $98 a week (RAC Victoria's published rate on a 2008 prius), your $37,000 car will be worth $26,713 at the end of the 2 year period. This roughly means that your car will have cost you the following.

    With 0% balloon. $12,391.76 - or $119.15 per week
    With 10% balloon. $12,509.24 - or $120.18 per week
    With 20% balloon. $12,659.33 - or $121.72 per week
    With 30% balloon. $12,809.42 - or $123.17 per week
    With 40% balloon. $12,959.51 - or $124.61 per week

    Once you find that palatable you need to calculate in the running costs of the car - insurance, mechanical, fuel etc.

    I like new cars but they're just horrific when you total up what they cost you.
  • kearnsy2010/11/04 06:30:12
    I think they had 1.5% finance earlier in the year for the hybrid range (for personal customers only)

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