Why Toyota Still Makes Sense for Buyers
Where there's smoke, there's generally a fire, which is why Toyota is seeing sales figures decline precipitously since the beginning of a major recall that has affected two-thirds of their lineup.
Combine that with a production shutdown, and it may seem like red flags surround a decision to purchase Toyotas. Savvy shoppers should take note, however, that Toyotas may represent the best value in years these days.
Once the recalls are completed and the brakes, floor mats and accelerator problems are fixed, Toyota will need to revitalize its sales efforts to come close to their former levels.
That means a healthy dose of incentives and deals that have rarely happened during the release of new vehicles. In the next six months, it is entirely possible to see thousands of dollars in incentives and attractive lease and loan rates not seen since the government bailed out General Motors and Chrysler.
Those prices are going to be found on cars that, in spite of the recent quality control issues, still get high marks from organizations like Consumer Reports for their reliability.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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