Toyota Could Get in More Trouble

 
The auto manufacturer Toyota has not had a great time of it lately. First they had a major recall of their cars due to an accelerator problem that was literally killing people. Then they saw a large portion of their loyal customers – their repeat customers – get scared off and switch to other manufacturers. This especially hurt them as they had one of the highest repeat customer averages out there, but customers were not willing to take the chance on their families.
 
So they decided to offer some amazing auto loan and lease incentives to try and get their clients back. In July they offered for buyers to get a 2011 Camry LE lease for $269 a month for 36 months and $0 due at signing – which is a splendid deal. Then they offered a $119 per month lease on their 2010 Corolla LE also for 36 months, but $3,019 due at signing.
 
They even tried to get those auto loan shoppers who might not be able to meet the 720 prime credit score that is usually required. Instead, they offered some as low as 650. But when you look at the auto loans as opposed to the auto leases – the auto loans are going to give them much more for their money. With the lease, in three years the leases will be up and their cars will have depreciated in value. Experts say that they should have pushed many more into auto loans instead, for in three to five years they would have paid off those cars and have been looking to trade them in instead.

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