Re : Toyota GR Yaris - official!

[Klippie]

I made a general enquiry at a dealer today they said they knew nothing about it...then said they had sold one I replied you mean a customer has placed an order for one I then became confused and walked out...is it just me or has buying cars now required having a lobotomy to get to the same level as some of these salesmen.

Oh and they also said there will be no demo cars...???

[Leon R]

Got a booking to see my local dealer tomorrow to discuss purchase options.

[Save Ferris]

p4cks said:

So does this mean after 40 months I have to give them the GFV amount to keep the car?

Correct, you have basically deferred that amount til the end, so you can pay it and keep the car, or give them the car back.

[Save Ferris]

bennno said:

Save Ferris said:

I suspect many people will lower the GFV to take maximum advantage of the 0% on offer.

Doh.

If you want to take maximum advantage of the 0% you'd keep the GFV as high as possible. Means you borrow more for longer for free.

Doh.

A lower GFV means you’ll borrow even more at 0%

[ikonic]

Corvonas said:

It's here! My dealer sent me the final UK spec brochure this morning. Link to captures here: https://imgur.com/a/fTEnzMf

It's unfortunate that it does seem we don't have any way of getting the convenience pack goodies.

Hang on? The "carbon fibre" roof is just a wrap?! That's a shame. It'd be pretty trick to have a genuine CF roof on a'humble' Yaris.

Matt Watson lied to me! The carwow video video to it said it was real!

[moonigan]

ikonic said:

Hang on? The "carbon fibre" roof is just a wrap?! That's a shame. It'd be pretty trick to have a genuine CF roof on a'humble' Yaris.

Matt Watson lied to me! The carwow video video to it said it was real!

I hope thats an error in translation in the specs because I'm sure I heard/read that its a carbon composite roof from another source.

Toyota said:

In addition to using aluminum for the hood, back door, and door panels, the upper body of the GR Yaris features a carbon fiber-reinforced plastic roof panel formed using the sheet molding compound method, which accommodates a high level of freedom in shape design.

https://global.toyota/en/newsroom/toyota/32741087....

[Corvonas]

ikonic said:

Hang on? The "carbon fibre" roof is just a wrap?! That's a shame. It'd be pretty trick to have a genuine CF roof on a'humble' Yaris.

Matt Watson lied to me! The carwow video video to it said it was real!

The roof is real, but it's forged carbon, not the fancy looking weave we all know and love. :P The wrap is likely to both protect it, and make it look nicer. Forged carbon is pretty fugly.

[Save Ferris]

I’d be confident it’s the same as the Carbon fibre polymer that they use on the Prius Plug-in tailgate.

[Jasey_]

Save Ferris said:

bennno said:

Save Ferris said:

I suspect many people will lower the GFV to take maximum advantage of the 0% on offer.

Doh.

If you want to take maximum advantage of the 0% you'd keep the GFV as high as possible. Means you borrow more for longer for free.

Doh.

A lower GFV means you’ll borrow even more at 0%

You borrow everything other than the deposit at 0%.

If you have a lower GFV you have paid back more during the 24 months than if you have a higher GFV.

If you have £30k and want to maximise the 0% you put down 1k and say you are doing the lowest miles.

Of course you will need to find more to settle the finance - but you wont have been paying higher monthlies.

[bennno]

Save Ferris said:

bennno said:

Save Ferris said:

I suspect many people will lower the GFV to take maximum advantage of the 0% on offer.

Doh.

If you want to take maximum advantage of the 0% you'd keep the GFV as high as possible. Means you borrow more for longer for free.

Doh.

A lower GFV means you’ll borrow even more at 0%

That’s proper stupid, A lower GFV means the exact opposite of that. It means you benefit less from the 0% rate and are paying the interest free borrowing back early.

Edited by bennno on Friday 3rd July 21:24

[ecsrobin]

Corvonas said:

ikonic said:

Hang on? The "carbon fibre" roof is just a wrap?! That's a shame. It'd be pretty trick to have a genuine CF roof on a'humble' Yaris.

Matt Watson lied to me! The carwow video video to it said it was real!

The roof is real, but it's forged carbon, not the fancy looking weave we all know and love. :P The wrap is likely to both protect it, and make it look nicer. Forged carbon is pretty fugly.

It’s in some of the photos it’s a carbon/plastic which just looks like matte grey with white watermarks. In other photos it’s normal carbon (I assume the wrap).

[moonigan]

bennno said:

That’s proper stupid, A lower GFV means the exact opposite of that. It means you benefit less from the 0% rate and are paying the interest free borrowing back early.

Edited by bennno on Friday 3rd July 21:24

I thing Beuller is right. If you borrow £30K over two years and defer £10K (a lower GFV) then you a paying £20K @ 0% If you defer £18K (a higher GFV) then you are borrowing £12K at 0% So regardless of the deposit a lower GFV gives you the maximum borrowing at 0%

[bennno]

moonigan said:

bennno said:

That’s proper stupid, A lower GFV means the exact opposite of that. It means you benefit less from the 0% rate and are paying the interest free borrowing back early.

Edited by bennno on Friday 3rd July 21:24

I thing Beuller is right. If you borrow £30K over two years and defer £10K (a lower GFV) then you a paying £20K @ 0% If you defer £18K (a higher GFV) then you are borrowing £12K at 0% So regardless of the deposit a lower GFV gives you the maximum borrowing at 0%

You are borrowing the FULL value of the car (minus deposit) @0%.

If you set a lower GFV you just pay back the borrowing more quickly, which reduces the value you are borrowing at 0%

[moonigan]

bennno said:

You are borrowing the FULL value of the car (minus deposit) @0%.

If you set a lower GFV you just pay back the borrowing more quickly, which reduces the value you are borrowing at 0%

So what happens with the GFV at the end of the contract?

[Jasey_]

moonigan said:

bennno said:

You are borrowing the FULL value of the car (minus deposit) @0%.

If you set a lower GFV you just pay back the borrowing more quickly, which reduces the value you are borrowing at 0%

So what happens with the GFV at the end of the contract?

That's up to you.

Pay it and keep the car or put the car back.

That's a different question to maximising the 0% though .

[bennno]

moonigan said:

bennno said:

You are borrowing the FULL value of the car (minus deposit) @0%.

If you set a lower GFV you just pay back the borrowing more quickly, which reduces the value you are borrowing at 0%

So what happens with the GFV at the end of the contract?

Same as every pcp contract you have a choice to pay it off, or give the car back.

[moonigan]

bennno said:

Same as every pcp contract you have a choice to pay it off, or give the car back.

So lets assume I actually want to buy the car to keep. I wanted to put £20K down and then borrow the rest over two years but the standard HP rates are crap and a bank loan is likely to be 4-5%. The maximum deposit for this deal is £11K. To me it makes more sense to reduce the GFV at the end to be as small as possible and pay as much off at 0% as possible.

[bennno]

moonigan said:

bennno said:

Same as every pcp contract you have a choice to pay it off, or give the car back.

So lets assume I actually want to buy the car to keep. I wanted to put £20K down and then borrow the rest over two years but the standard HP rates are crap and a bank loan is likely to be 4-5%. The maximum deposit for this deal is £11K. To me it makes more sense to reduce the GFV at the end to be as small as possible and pay as much off at 0% as possible.

The hp rate is Toyota are offering is 1.39% which is far from crap.

Your approach is logical, but you may as well pay a lower deposit and monthlies and enjoy the benefit of 0%. Just stick the extra deposit and what you can afford each month in a savings account, then use that with interest to pay off the GFV.

[Toltec]

bennno said:

The hp rate is Toyota are offering is 1.39% which is far from crap.

Your approach is logical, but you may as well pay a lower deposit and monthlies and enjoy the benefit of 0%. Just stick the extra deposit and what you can afford each month in a savings account, then use that with interest to pay off the GFV.

If you could buy outright then minimal deposit, I noticed you could set it at £1, with max GFV keeps more of your capital where you can try and earn some money on it.

[GTRene]

another excuus to choose the circuit pack, 10 vs 15 spokes to clean hahah