Toyota Car Finance

tetley

Here's my take, I have just bought a used Honda Civic on HP. Honda gave me 4 years at zero apr, and no the cost of the car was not inflated, it was the going rate at other dealers. 0% and the car is mine, no balloon payment and no mileage restriction. :-)

heosphorus88

yoshiyella wrote: »

Dear All,

I have applied for car finance through Toyota.

A deposit of £5000 with £7500 on finance and a final payment of £6000.

Received an email from them when I applied stating I would receive an email within 48 hours.

Has anyone had experience with Toyota finance? I haven't heard anything yet (I know it is only been since midday yesterday, patience is a virtue) and just wondered if anyone knew if this was a positive or negative sign?

Thanks,
Simon:beer:

I have used Toyota finance for hire purchase and never had a problem. though in my view a PCP is always a bad idea and little more than a scam to make the company richer.

AnotherJoe

Worked for me with TF. £2k finance "contribution", phoned up and settled a few days later.
Thank you ££££

Niv

jimbo747 wrote: »

How can someone be a fool if they can afford a brand new car every 2 or 3 years? I don't buy second hand, I lease or PCP - often works out similar in cost to buying a car at 1 year old if you find a good deal but I get the full 3 years warranty, and I get to keep a large chunk of cash earning me interest. I work hard so I can enjoy things like new cars etc.

That's the sort of saying people come up with to cover their own financial failings in life.

I found this when I was looking for a car a year ago, due to the 'discount' and more favourable APR it worked out cheaper for me to buy a new car rather than a year old one.


It is the first time I have got a loan for a car before, previously I just bought second hand. I do think that in some circumstances the pcp deals can work out well.