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I haven’t heard about mandatory financing, and it surprises me. Any links?

• nixass 3y ago
  Likely r/usdefaultism
• AmVess 3y ago
  I haven't heard of that, either. I've worked with two of the region's highest volume Toyota dealerships, and neither one cared how I paid them.
  • freedomben 3y ago
    I bough a new Sienna recently and cash was definitely an option for people with that kind of savings (not me unfortunately haha).
• catlikesshrimp 3y ago
  In my country, Toyota dealers (there are two) have the same price for cash than for bankloans. It is not mandatory to use financing in here, but the last three times I have asked in showrooms, across some 15 years, the assistants have no idea how to process a full payment. They always took 30-60 minutes to ask around. The price is pretty much fixed, except for cars which weren't sold after receiving a downpayment for them.
• sgerenser 3y ago
  I also bought a RAV4 Prime in April of 2022, when they were very hard to come by. Arranged my own financing with a credit union at 1.99% (really got in under the wire with low rates). Dealer argued that I should at least try applying for Toyota financing but when he admitted they’d never beat 1.99% he relented and took my check. This was in Maryland, US. Would really like to hear of a situation where a dealer literally refused a cash or outside financed transaction.
  • 93po 3y ago
    I had a dealer refuse to sell me the car I wanted at the price they listed online. I was required to use their financing and spend $4k on service plans for that price. It was a $12k used car. This was one of the largest ford dealerships in Houston