Toyota hopes 0% financing will lure customers

Toyota hopes 0% financing will lure customers
NEW YORK (CNNMoney.com) -- Toyota's U.S. arm is again looking to 0% financing to pull it out of a sales slump.

The last time Toyota rolled out a nationwide incentive plan like this was in late 2008, as the entire U.S. auto industry was getting crushed by tight credit and a collapsing economy.


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agent507agent507 - 3/3/2010 10:21:48 AM
+1 Boost
Give the costumers SAFE cars with good quality! That actually helps the most.

Go back to being quality wise at the top!


Agent009Agent009 - 3/3/2010 12:08:57 PM
+1 Boost
So far all I have seen is so far is sticky mats and pedals and questionable hybrid programming. All important issues, but no real smoking guns.

If they are guilty of anything, it would be not programming in fail safe measures.


camrydrivercamrydriver - 3/3/2010 6:09:55 PM
+4 Boost
They should offer to finance cars that are 0% Toyota. That might bring me back.

(in all fairness, their sewing machines seam to be safe to use)





camrydrivercamrydriver - 3/3/2010 10:58:54 PM
+4 Boost
Get it? 'seam' to be safe. Oh well, I thought it was funny.


XYZZXYZZ - 3/4/2010 1:54:35 AM
-4 Boost
"They should offer to finance cars that are 0% Toyota."

lol!
afaik, the ONLY car company finance arm that financed OTHER than their own products, was GMAC. they THOT they'd make add'l money in the MORTGAGE biz. and helped gm flush yet more money down the toilet! lol!


blueshirts0819blueshirts0819 - 3/3/2010 10:55:00 AM
+1 Boost
man, where are autpspies on reporting GM recall 1.4 million on steering problems??? I guess if is a US automaker recall is not news compared to foreign auto maker. Typical bias auto site.


Joe_LimonJoe_Limon - 3/3/2010 11:15:43 AM
+2 Boost
or how about the 540,000 nissan recalls.


WhelanWhelan - 3/3/2010 11:53:29 AM
-4 Boost
1) They could be looking for more pictures of the BMW 1 series M. Or of the new 5 series. Or even of the yet to be disclosed BMW 4 Series Active Hybrid 4 XDrive45iS


Agent009Agent009 - 3/3/2010 12:06:05 PM
+2 Boost
Both GM and Nissan have been posted.


izfuneyizfuney - 3/3/2010 11:46:02 AM
-1 Boost
Frankly, Toyota got a good shaking out. Was it unfair and Biased ? Yes !
Toyota is a foreign manufacturer who has pushed the domestics to failure point . So yes, with Obamas protectionist leanings, conjecture and lack of proof do no stand in the way of a congressional hearing ( means no evidence for a FBI investigation)
Fords 14.6 million recall between 2005 and 2009 for fiery cruise control switches did not result in as much a upraised eyebrow as we all hail their new "quality".
Toyota will either grow stronger and come up with better products or fall on the wayside. Evidence on their past says they will make even better products.
Truth being said, while i want to congratulate the domestics, these little games by the Obama admin and UAW will come back to haunt them. A warm day does not a summer make. Protectionism is a double edged sword and you never know when the other shoes drops.




Joe_LimonJoe_Limon - 3/3/2010 12:54:35 PM
+1 Boost
fiery cruise control switches? lol, they may have had some plastic melt, but that is hardly an open flame.


g2okg2ok - 3/3/2010 1:54:14 PM
+3 Boost
I agree. Toyota most likely will come out stronger due to these political maneuvers by politicians.


truckmantruckman - 3/3/2010 1:13:04 PM
+2 Boost
I wouldn't consider a toyota until I know that there quality has improved, how do you know when they improved the poor quality metal (the metal blend) in there trucks? They are prone to rust... 0% helps, but not enough.


g2okg2ok - 3/3/2010 1:51:54 PM
+4 Boost
I think if Toyota offered a better warranty like Lexus then that would help bring back wary customers along with 0%. Yes, it costs money, but also promotes sales when your brand is being slammed.

Also, they really need to work on better designs and focus on core principles.


uaw_laxuaw_lax - 3/3/2010 1:58:28 PM
+1 Boost

"I think if Toyota offered a better warranty like Lexus then that would help bring back wary customers....."


I hear that thit will happen by the summer.


g2okg2ok - 3/3/2010 1:56:03 PM
+4 Boost
For all the whining and complaining that Congress gave to NHTSA, you do realize that they had to furlogh NHTSA employess on Monday due to the Senate. What investigation, these workers are looking for their paycheck.



WhelanWhelan - 3/3/2010 3:54:56 PM
0 Boost
I'll be leaving Toyota in a year. I've had my 05 Matrix XR AWD for almost 5 years so it's time to say goodbye. I had a Civic EX Coupe, two Saturn SL1's and a Ford Escort. I think I go full circle back to Ford for the Focus hatch.


upwardsupwards - 3/3/2010 9:21:02 PM
+1 Boost
Join the club this very wave of recalls drove me out of my Corolla and into a Chevy Malibu which has been far better than any of my last three Toyotas.


truckmantruckman - 3/4/2010 4:14:26 AM
-1 Boost
So do you really believe Obamma is running the country, I like him but he has done nothing different than Bush would have done, and if you disagree you are just in denial and second the UAW did not sink the ship, it was the banks, ie,the privately run federal reserve that screwed the world,(money people) the middle class are taking the blame, the filthy rich people are getting richer and pointing there fingers at the middle class as the problem, wake up America, and lastly Obamma is not a Christan, you can't be considered a Christan if you do not believe that Jesus is God, he belonged to a racist cult.We all make mistakes.


bfghemicudabfghemicuda - 3/4/2010 11:32:55 AM
+2 Boost
Obama may have saves UAW jobs [ there the ones that helped him win the elections, It was payback time ] But he lost 5 million other jobs that will take about 5 to 7 years to get back once Obama is gone.


freshseth83freshseth83 - 3/3/2010 11:21:37 PM
+1 Boost
his royal blackness? youre so lame it's not funny. Its not the obama administration going after toyota. it's republicans and democrats alike. Please don't compare a normal man no matter what his position is to Jesus. he has never stated he is Jesus and no one thinks he's Jesus. If you relate religion to car and cars to politics you sure are at a bad point in your life or something. Religion has nothing to do with any of this and by stating Jesus you're ignorance shines through.


izfuneyizfuney - 3/4/2010 3:20:27 PM
+2 Boost
A lot of us, feel like there is a witch hunt on for Toyota. Mainly as we see a lack of proof and a lot of conjecture and biased media coverage.
Not to say that the Japanese management has clarified anything ! Frankly they have been shown to to be terribly out of touch bureaucrats with terrible PR skills .. I mean they are as bad as GM CEO's flying in private jets to beg for taxpayer money.

However, lousy PR management does not make for lousy products.
Here is a link on business week that spells it out in plain engineering terms and who is sponsoring the "Jesus saved me stories"
http://www.businessweek.com/lifestyle/content/feb2010/bw20100225_403524.htm

Note: Since Edmunds put up a million bucks to decipher the problem , i have put on my software engineering hat ( my profession) to look into ECU programming . I have also trawled Camry forums for people responding to recall fixes especially the Brake override that were not satisfactory to see a hot spot that will probably be a start as a problem area.
One of the shocking this i found, that people were surprised that the car started moving once they lifted off the brakes that had brought the car to a standstill ( the transmission was still on drive).
So
1) People dont understand how an automatic transmission works ? i.e. In DRIVE mode even with no accelerator pressed it will select the lowest gear for the current engine rpm ( which is 1000 on idle) if the brake are not depressed. V6 engines will have a stronger pull.
2) Should there be a depressed acceleration in the 1st two gears ? i.e. the car should have a dampened response in the 1st and second gears ( Note: this is already the case to prevent wheel hop in FWD and open diff RWD cars generally, I refer to increasing it for safety reasons)





lexworldlexworld - 3/5/2010 1:22:48 PM
+1 Boost
Whelan & Upwards all I can say to you 2 idiots is..."well, bye" and good ridunce! You two are wana-bees and fakers, you jump on every train that goes by roaming from town to town like drifters, loafers and vagabonds. Kinda like Agent009, except he's a Euro-Vagabond and a modern-day Toy/Lex activist(hater that is).


lexworldlexworld - 3/5/2010 1:24:06 PM
+2 Boost
No doubt Toyota & Lexus will come back with a vengence...I mean a serious vengence!


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