Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Toyota announces zero-percent financing in U.S.

Business Oct. 04, 2008 - 04:15AM JST ( 11 )

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11 Comments

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rajakumarOct. 04, 2008 - 05:00AM JST

Good, toyota goes zero percent financing to keep sales moving.
0

bebertOct. 04, 2008 - 10:40AM JST

The problem is, it will be difficult for many customers to qualify for 0% financing. The same was true for GM and Ford when they pulled this stunt a couple of years ago in a much looser credit environment.

It does get traffic moving through the showroom floor, however.
0

fatloserOct. 04, 2008 - 10:50AM JST

If there is a long recession look for Toyota to lose market share to Korean and Indian car companies. 0% financing is a joke in the current enviornment. Why not lower the lousy price!!!!!!!!!!!!
0

some14someOct. 04, 2008 - 02:13PM JST

0% financing is a joke in the current enviornment. Why not lower the lousy price!!!!!!!!!!!!

Or supply fuel for free, atleast for a year !
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bangerOct. 04, 2008 - 03:02PM JST

If there is a long recession look for Toyota to lose market share to Korean and Indian car companies. 0% financing is a joke in the current enviornment. Why not lower the lousy price!!!!!!!!!!!!

> Do you really think Korean cars can match Japanese cars?and you are talking about Indians car too to take market from Toyota! lolz
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fatloserOct. 04, 2008 - 05:26PM JST

When people don't have MONEY they choose the cheaper option. Toyota makes big expensive cars..good cars, but BIG AND EXPENSIVE!!!
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helloklittyOct. 04, 2008 - 08:13PM JST

f there is a long recession look for Toyota to lose market share to Korean and Indian car companies. 0% financing is a joke in the current enviornment. Why not lower the lousy price!!!!!!!!!!!!

There is no need to lower the price if it is what the market will bear. The problem is inability to get loans these days.
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Suzu1Oct. 05, 2008 - 02:23AM JST

You know, a 32 percent sales drop may be one indicator that the market will not bear the current prices.
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onewrldonepplOct. 05, 2008 - 11:52AM JST

a japanese friend of mine jus'bought a Lincoln Navigator. told me it used to belong to the wife of some LA NFL player. it's huge & has 6 DVD monitors (4 in the headrests). drove'round yokohama in it. the thing is a chick-magnet. couldn't beat he hoochies away with a bat. can't wait to ride in it again.
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onewrldonepplOct. 05, 2008 - 11:56AM JST

back to the topic, loans are always bad ideas. living within one's means is much better.
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OtaruOct. 06, 2008 - 12:49PM JST

Toyota is suffering the same fate as the US automakers because of the same lack of foresight and motivation for profit. The biggest sales drops were in the most profitable vehicles -Trucks. Luckily toyota has a diverse product line of quality vehicles and should recover better than most. Glad to see the 0%. I think in the 80-90's auto manufacturers actually made more money financing a vehicle than profit from manufacturing it. I know GMAC did for a fact.