I did the math for the interest rate since they didn’t bother to in the article. The article says she had paid $1400/mo for 3 years and had only paid 10,000 toward principal. Assuming that’s 36 months of payments, the interest rate would be around 15.5%. The payment term would have been 10 years and total payments would end up being $168k.
Predatory lenders and financial illiteracy; a perfect match made in hell.
While whoever did that to her really ought to be in jail, she does need to take some responsibility
most people dont need such a big vehicle - clearly it will be expensive
most people shouldn’t get the top end trim of whatever vehicle
Unless she willingly went into this because she used to have higher income, I do t see how she could claim complete ignorance
That kind of interest rate indicates she was a bad credit risk, either because she made the same mistake before, or she couldn’t afford it. If she’d already made the same mistake, will she ever learn? If she just plain couldn’t afford it, yeah, a lot of that is on the scummy salesman
I don’t see why it’s a big deal that they’re dragging their feet on EVs in classic Toyota style. This is what they do and why they’re so reliable. Other companies jump headfirst into projects often with disastrous results.
Not to mention Toyota was first with the hybrid and hybridizing a good chunk of their fleet so its not as if they’re selling a bunch of gas guzzlers like Dodge/Chrysler.
I don’t agree with the other guy that people are stupid for buying any other brand, but Toyota is consistently the best bang for your buck in most categories.
Toyota has raised their prices inline with inflation since 2021 (~24%). Nissan and Suburu have been under inflation in that period (~20%). Stellantis (Dodge etc.) have raised their prices ~50% in that period and Kia/Hyundai have gone up ~40%. People should look at which companies have been price gouging and avoid them.
I’ve been very happy with Mazda over the years. I had intended to get a Toyota at one point, but the local dealership by me was scummy and kept trying to force me into buying specific models I wasn’t interested in which pissed me off. I went to the nearby Mazda dealership as my second choice and I’ve never regretted that decision.
I automatically think less of anyone who doesn’t buy Toyota at this point.
It’s almost like some people have different needs for their cars than you do? No, that can’t be it. They must be dumb for not choosing what you like.
I guess I’ll go buy the small Toyota EV… nope, can’t. I guess I’ll go buy the small hybrid Toyota truck… nope, I can’t. Or maybe I absolutely hate the entertainment system software that feels like it was designed 10 years ago.
a manual transmission Tacoma (the only mid-sized truck with one) that gets better MPG than a hybrid Maverick.
You’re kind of a moron.
The Tacoma with a manual gets worse MPG than the automatic Tacoma and WAY worse MPG than the hybrid Maverick. The manual Tacoma is estimated 18/23/20 MPG, while the Maverick I currently own long term averages around 37 MPG, gets 36 MPG on road trips and around 40 MPG on my commute to work. As far as selling a Tacoma for 90% of what you paid, my Maverick could be sold today for more than I paid for it and a 2022 Maverick Hybrid is currently worth 91% of the MSRP of a 2024 Maverick Hybrid.
And while you can run a Prius Prime in EV mode for up to 44 miles, that’s a far cry from an actual EV that can do both a 60 mile round trip work commute and a 200 mile road trip in full EV mode. And don’t argue that I don’t need that full range, because my entire point is that everyone has different needs and maybe I actually do (I personally don’t, which is why I got the Maverick; but I’ve owned in the past both a 90 mile range Toyota Rav4 EV and a 240 mile range Bolt EV so I understand what each is like).
Yes, Toyota has a diverse range of vehicles. Yes, Toyota has very high quality. No, they don’t fit every use case. No, they don’t look all that great, which is both personal preference and also important for many people.
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I did the math for the interest rate since they didn’t bother to in the article. The article says she had paid $1400/mo for 3 years and had only paid 10,000 toward principal. Assuming that’s 36 months of payments, the interest rate would be around 15.5%. The payment term would have been 10 years and total payments would end up being $168k.
Predatory lenders and financial illiteracy; a perfect match made in hell.
While whoever did that to her really ought to be in jail, she does need to take some responsibility
Unless she willingly went into this because she used to have higher income, I do t see how she could claim complete ignorance
That kind of interest rate indicates she was a bad credit risk, either because she made the same mistake before, or she couldn’t afford it. If she’d already made the same mistake, will she ever learn? If she just plain couldn’t afford it, yeah, a lot of that is on the scummy salesman
You mean Toyota, the same company that has spent years lobbying against emissions standards in Australia and dragging their feet on EVs?
I don’t see why it’s a big deal that they’re dragging their feet on EVs in classic Toyota style. This is what they do and why they’re so reliable. Other companies jump headfirst into projects often with disastrous results.
Not to mention Toyota was first with the hybrid and hybridizing a good chunk of their fleet so its not as if they’re selling a bunch of gas guzzlers like Dodge/Chrysler.
I don’t agree with the other guy that people are stupid for buying any other brand, but Toyota is consistently the best bang for your buck in most categories.
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I do own a Toyota, which I am happy with, and I still think that’s a shitty attitude.
So congratulations, you got me to think less of you.
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I agree. Nissan was the solid #2 Japanese company until getting in bed with Renault.
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Toyota has raised their prices inline with inflation since 2021 (~24%). Nissan and Suburu have been under inflation in that period (~20%). Stellantis (Dodge etc.) have raised their prices ~50% in that period and Kia/Hyundai have gone up ~40%. People should look at which companies have been price gouging and avoid them.
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Blind loyalty to a brand is extremely dangerous.
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I’ve been very happy with Mazda over the years. I had intended to get a Toyota at one point, but the local dealership by me was scummy and kept trying to force me into buying specific models I wasn’t interested in which pissed me off. I went to the nearby Mazda dealership as my second choice and I’ve never regretted that decision.
I was very happy with my Mazda 3. It just didn’t work once I moved out to the country. The thing is like 3" off of the road.
It’s almost like some people have different needs for their cars than you do? No, that can’t be it. They must be dumb for not choosing what you like.
I guess I’ll go buy the small Toyota EV… nope, can’t. I guess I’ll go buy the small hybrid Toyota truck… nope, I can’t. Or maybe I absolutely hate the entertainment system software that feels like it was designed 10 years ago.
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You’re kind of a moron.
The Tacoma with a manual gets worse MPG than the automatic Tacoma and WAY worse MPG than the hybrid Maverick. The manual Tacoma is estimated 18/23/20 MPG, while the Maverick I currently own long term averages around 37 MPG, gets 36 MPG on road trips and around 40 MPG on my commute to work. As far as selling a Tacoma for 90% of what you paid, my Maverick could be sold today for more than I paid for it and a 2022 Maverick Hybrid is currently worth 91% of the MSRP of a 2024 Maverick Hybrid.
And while you can run a Prius Prime in EV mode for up to 44 miles, that’s a far cry from an actual EV that can do both a 60 mile round trip work commute and a 200 mile road trip in full EV mode. And don’t argue that I don’t need that full range, because my entire point is that everyone has different needs and maybe I actually do (I personally don’t, which is why I got the Maverick; but I’ve owned in the past both a 90 mile range Toyota Rav4 EV and a 240 mile range Bolt EV so I understand what each is like).
Yes, Toyota has a diverse range of vehicles. Yes, Toyota has very high quality. No, they don’t fit every use case. No, they don’t look all that great, which is both personal preference and also important for many people.