2016 Toyota Fortuner

[br733]

i am not sure if some of the sales reps of toyota dealerships are trying to create a feeding frenzy here.

i am on queue for a g variant diesel and my sales rep called me up last thurs to say they had available v variant 4 x 2 diesel in case i was interested....

i did not get it bec i had wanted the cheaper variant only...

[Wh1stl3r2]

Sobrang layo ng margin ng cash sa in-house. At 40% effective interest over 5 years, the customer pays the value of an Altis V for a Vios E.

Bad debt expense is already factored in, but still, the huge interest far offsets that.

If your objective is to make the most profit from a scarce number of available units, why sell cash when you can sell in-house? There is no lack of in-house financing buyers. It feeds on the materialism of people who want cars now, and these customers even think they've gotten good deals because of low DP and a long payment term.

The concept of interest is very abstract for many, and they don't look at expenses based on total cash outlay or even NPV basis.


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This is so true. I have a couple of stubborn, not so bright friends I don't even dare talk to about effective interest rates and finances in general. It's hard to watch them slowly crash and burn but for some people, some lessons can only be learned the hard way.

[wrcastro_ph]

This is so true. I have a couple of stubborn, not so bright friends I don't even dare talk to about effective interest rates and finances in general. It's hard to watch them slowly crash and burn but for some people, some lessons can only be learned the hard way.

Sa bank P.O. kase nasa 23-26% lang ang 5 years term.

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[vinj]

Okay, I get it. So they are offering inhouse financing so that they can collect the interest instead of the bank.

Still they run the risk of buyers defaulting on their amortization as opposed to having the banks take on this risk. Of course they can sequester the unit but that is too muc administrative work for me. Id rather have the cash now at lower margin than reflecting higher sales and margin but recognizing a write off later. But I guess the SAs would have collected their commissions by then so they dont even care at all. Customer service down the drain.

Oh, and will top mgmt get a share of the commission? If that is the case, then that explains everything.

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In house financing is another business and is not the dealer per se. There is Toyota Financing (a separate business entity) who will take-on the loan and they settle the dealer in full. Thus, the dealer does not have any risk, earns from the commission/fees from the financing, and still gets paid in cash. It's having your cake, and eating it too. ;)

[shadow]

Deja vu lang ng unang labas ng 1st gen fortuner.


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[dreamur]

^Exactly my sentiments bro and I sympathize with the cash buyer who could have saved money upfront. But then again he can invest his idle cash in the stock market and earn more than the 40% margin the casas are getting.

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[dreamur]

^Sneaky

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[waver]

Hi guys, it seems everyone here is saying that the only course of action is to either wait for demand to go down (which could take months), or to avail in-house financing with those high interest rates?

[Jiggs]

Managed to check the new Fort sa Toyota Alabang, very accomodating naman mga SA even I told them that if ever it wil be a bank PO, they even pointed me to the person who will accept trade in of the older Fort model. My comments she grew wider and longer by few mm but looks like mas lower ang height. Headroom was definitely lower than the previous model. She was definitely much nicer in metal than any pics in the web...so parang not photogenic..still the front bumper w/ those chrome fogs medyo off yung design IMHO. Underpinnings halos no changes, noted that there was no undercoat applied only to wheel wells fender meron. Engines layout is much more neat than the older, what I also noted was the poor electrical harness/connection there were too many exposed small colored wires sa mga sensor connectors, sana nalagyan ng proper sleeves. Also for a 1.7M ++ vehicle wala din hydraulic rod to support ang hood, though power tailgate naman sya. Seats is as well improved auto fold up ang 2nd row and much easier ang 3rd row to stow up compared sa previous model. By the way model I refferred to is the 4x2 TOTL

[yebo]

Makitid pa din. Driver's seat is narrower than what i am used to. Fabric of seats is so cheap.

I don't know if the sa knew what he was talking about but really totl has no power lift gate, no moon roof?

[Wh1stl3r2]

Makitid pa din. Driver's seat is narrower than what i am used to. Fabric of seats is so cheap.

Sabi ko na narrow talaga yung front seats. Not a fat arse after all hehe.

Legroom is much improved though, specially on the 3rd row. 3rd row leg space feels closer to the old Innova.

[jut703]

May power lift gate pero walang moon roof


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[zinedrei]

Is it true that Toyota is requiring buyers to purchase around 100K worth of Toyota accessories?

same as when the original fort was first launched.
since less preference sa cash buyers, magpataga na lang sa overpriced accessories to get the unit earlier

[pupuek]

same as when the original fort was first launched.
since less preference sa cash buyers, magpataga na lang sa overpriced accessories to get the unit earlier

confirmed from my SA, Toyota requires buyers to get 50K worth of acc.

yes sobrang taga nga ang accessories nila. sa busina (BOSCH silver) if i remember correctly more than 100% ang angat nila from banawe. its like paying twice for the item just so that the warranty will remain intact.

[dr. d]

confirmed from my SA, Toyota requires buyers to get 50K worth of acc.

yes sobrang taga nga ang accessories nila. sa busina (BOSCH silver) if i remember correctly more than 100% ang angat nila from banawe. its like paying twice for the item just so that the warranty will remain intact.

we can always tell 'em what we think of this cheap trick, using our wallets..
but ... i doubt it.
heh heh.

and that is why they keep doing it!

[pupuek]

we can always tell 'em what we think of this cheap trick, using our wallets..
but ... i doubt it.
heh heh.

and that is why they keep doing it!

Just did. Retracted my reservation. Still interested how this will pan out though. My bet is that it will still be a big hit just like the previous gen -- maybe not as much since they have A LOT of competition this time.

[dct]

Nakita ko na fortuner. Napansin ko bakit iba iba ang tires nya. 3 fortuner sa showroom 3 different tires
A/T dunlop
A/T bridgestone
H/T bridgestone
Pero same wheels lang lahat. Sabi ng SA ganun talaga. Iba iba daw talaga. Labo ata nun ah

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[Wh1stl3r2]

Nakita ko na fortuner. Napansin ko bakit iba iba ang tires nya. 3 fortuner sa showroom 3 different tires
A/T dunlop
A/T bridgestone
H/T bridgestone
Pero same wheels lang lahat. Sabi ng SA ganun talaga. Iba iba daw talaga. Labo ata nun ah

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Beats me. All I know is, there's a big chance tire distributors are losing money on suppling OEMs. They're trading in margin for the promise of continued sales when replacement time comes.

Wala na ba ibang choice? Dunlop is the best riding tire with good grip sa choices pero madaling ma flat. Bridgestone HT's mediocre grip and medium to stiff ride. I find the European brands like Michelin, Pirelli, Continental to be more grippy and comfortable in general.

[tsupermario]

afair the door sidings and the seats do not have the same texture that is why i thought the sidings were made of leather.

I take this back. After a second actual look, same lang ang seats at door sidings.

[pupuek]

I take this back. After a second actual look, same lang ang seats at door sidings.

Confirming tsupermario's post. Sidings have the same material as the seats (sides and back).

Also, parang mas maliit sya kaysa gen 1 in terms of lapad. Anyone else noticed this?