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From: john on 1 Aug 2010 14:33
Looks like inventory is piling up, and a good way of doing a fire sale
is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
Incentives.

"For Toyota, the deal could be a financial disaster. To keep customers
coming to its showrooms amid a series of embarrassing recalls, Toyota
has been offering some of its best leasing terms in years.

And now it's offering leases to customers who are greater credit
risks. CNW Research noted in a report that one Toyota program requires
a credit score of "only 660 to qualify." That's seen as the dividing
line between good and poor credit.

"Toyota was in a corner. They had the recalls, and their inventory was
climbing," said Matt Traylen, chief economist for Automotive Lease
Group, or ALG, which analyzes residual and depreciation data.

Full article at:
http://www.freep.com/article/20100801/BUSINESS01/8010457/1331/business01/Toyota-gambles-on-future-with-low-lease-offers
From: hls on 1 Aug 2010 18:47

"john" <johngdole(a)hotmail.com> wrote in message
news:d52dbe8c-90e9-421e-966c-d2d961239309(a)s24g2000pri.googlegroups.com...
> Looks like inventory is piling up, and a good way of doing a fire sale
> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
> Incentives.


Lots of companies are feeling a crunch because people dont have jobs
like they once had. Some are still offering 0% interest loans for up to
6 years, just to try to move some inventory.

I dont think Toyota is still suffering very much from the recall problem.

If people have money to spend, they will continue to buy some cars, but
maybe not with the reckless abandon they did a few years ago.

From: Hachiroku ハチロク on 1 Aug 2010 21:06
On Sun, 01 Aug 2010 11:33:01 -0700, john wrote:

> Looks like inventory is piling up, and a good way of doing a fire sale
> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
> Incentives.
>
> "For Toyota, the deal could be a financial disaster. To keep customers
> coming to its showrooms amid a series of embarrassing recalls, Toyota
> has been offering some of its best leasing terms in years.


And think of the3 excellent cars people are going to get at these prices!

And, once you've had a Toyota, most people never buy anything but again.
I'd say it's a good gamble.
From: Ashton Crusher on 2 Aug 2010 01:35
On Sun, 01 Aug 2010 21:06:44 -0400, Hachiroku ???? <Trueno(a)e86.GTS>
wrote:

>On Sun, 01 Aug 2010 11:33:01 -0700, john wrote:
>
>> Looks like inventory is piling up, and a good way of doing a fire sale
>> is Low Lease Rates to riskier customers (sub-prime?) instead of Cash
>> Incentives.
>>
>> "For Toyota, the deal could be a financial disaster. To keep customers
>> coming to its showrooms amid a series of embarrassing recalls, Toyota
>> has been offering some of its best leasing terms in years.
>
>
>And think of the3 excellent cars people are going to get at these prices!
>
>And, once you've had a Toyota, most people never buy anything but again.
>I'd say it's a good gamble.


The first Toyota I had was the LAST Toyota I've had. Piece of junk.
From: Kruse on 2 Aug 2010 07:34
On Aug 1, 8:06 pm, Hachiroku $B%O%A%m%/(B <Tru...(a)e86.GTS> wrote:

> And, once you've had a Toyota, most people never buy anything but again.

Because after you've had a Toyota, it goes into uncontrollable
acceleration, hits a tree and explodes?
(J/K! I had to neutralize some of the bias)

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