Is this an average price for a 2024 Toyota Camry XSE? I think dealership APR rate is definitely too high and will look into financing though a credit union for sure.
Isn’t Toyota offering 2.49%?
Dont do it. Find a new 2023 camry xse and get the toyota advertised 3.5% that’s like 6 or 7k alone in interest saved. You’ll need a 730credit score to qualify but i wouldn’t care if it was in bangot maine and you had to have it shipped that is way too much
Feels?? Add insurance to that and you got a 800 dollar a month car bill
We got lucky on a certified pre owned highlander hybrid and our apr was 5.99
1: 9%?!?!? When did that happen and 2: $40k for a Camery, when did that happen?!?
GAhhh that interest though…
Try Family in Arlington - they are very laid back compared to most Toyota dealers in the area and have a '24 XSE marked down to $31,955
https://www.familytoyotaofarlington.com/vehicle-details/new-2024-toyota-camry-xse-4T1K61AK7RU864560Just for the comparison, if you find a '23 LE and do the 3.9% financing for 4 years, the payment would $662 for 48 months with zero down https://i.imgur.com/5SFLhoC.png
Fuck that shit. Great way to stay poor
Now throw that 600-800 into the stock market for 7 years. DCA, maybe it grows a lot, a bit or stays flat or goes lower. At least that money can always move upwards and not be a money pit for losing it like getting a new car
My two cents
If you can’t pay that, get a cheaper or used car. That’s a lot of financing for many people to take on for 5-6 years.
9 percent interest Top spec Camry Almost no money down.
Get the LE and save 10k lmao
Uuuuum, those rates are kinda steep, shop around for better rates
Get an old Corolla for like 1500 and it will run forever. No need for new stuff. Reduce, reuse, recycle and save money doing it. Not to mention new cars being allergic to tap water.
Get 2023 at the 1day before end of the month.
I’ll have to keep driving my 99 Lexus ES300 I paid $1400 for.
It’s basic math: do the price divided by the number of payments. Then, take that number, multiply it by the interest rate, and add a little on top of that to compensate for the compounding effect.
40k for 60 months is $666/month, which would be at 0% interest. At about 10% interest, that’s at least $733. So yes, those numbers are correct.
