1. Welcome to Tundras.com!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tundra discussion topics
    • Transfer over your build thread from a different forum to this one
    • Communicate privately with other Tundra owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Everyone should challenge toyota executives to a dance off for being f'd up

Discussion in 'General Tundra Discussion' started by Gfgneo, Apr 2, 2021.

  1. Apr 2, 2021 at 9:11 AM
    #1
    Gfgneo

    Gfgneo [OP] New Member

    Joined:
    Jan 5, 2021
    Member:
    #57145
    Messages:
    25
    Toyota removed all incentives for the tundra in april. Bow people like me who preordered their truck but couldnt aign the finance paperwork until the truck is in transit might have to walk away because the monthly is too high due to the high APR
     
    Cg13055 likes this.
  2. Apr 2, 2021 at 9:14 AM
    #2
    Tundra14Platinum

    Tundra14Platinum Drink More Water

    Joined:
    Sep 24, 2019
    Member:
    #36582
    Messages:
    312
    Gender:
    Male
    First Name:
    Gregg
    Florida
    Vehicle:
    2014 Tundra Platinum CM Sky Silver - Paige
    TRD Swaybar
    Find a good used one, and look nation wide.
     
    YeeYeeTundra likes this.
  3. Apr 2, 2021 at 9:16 AM
    #3
    TTU19

    TTU19 Wreck 'Em

    Joined:
    Jul 19, 2016
    Member:
    #3918
    Messages:
    1,967
    Gender:
    Male
    First Name:
    Wes
    Tx
    Vehicle:
    2016 Silver Sky CM SR5 TSS Off Road
    TRD Pro Grill, '18 LED Headlights, TRD Sway Bar, Pktd Flares, Tow Mirrors, Red & Black Katzkin, ESP Storage, Husky Liners, Raptor LEDs
    Yep. I'm waiting to see if my truck is totaled and in the meantime, put my name in on a new incoming truck. Problem is it doesn't come until end of month, early May. Hopefully they have something by then.
     
  4. Apr 2, 2021 at 9:19 AM
    #4
    Gfgneo

    Gfgneo [OP] New Member

    Joined:
    Jan 5, 2021
    Member:
    #57145
    Messages:
    25

    I know of all used vehicles tundras are really good but growing up my parents had used vehicles and nothing but problems, and i told myself i would never buy used. I also don't believe in settling especially when it comes to something like this. Its a bummer for sure but i would rather walk away than get something isnt exactly what i want.
     
  5. Apr 2, 2021 at 9:28 AM
    #5
    Gfgneo

    Gfgneo [OP] New Member

    Joined:
    Jan 5, 2021
    Member:
    #57145
    Messages:
    25

    Yeah i think its just a really dick move. As it is inventory is scarce so its hard to find exactly what you want, then dealerships arent negotiating on price and ar marking up the vehicles and they add this on top of all that. Just sucks.
     
    Cg13055 and Tundra14Platinum like this.
  6. Apr 2, 2021 at 9:35 AM
    #6
    georgiey22

    georgiey22 New Member

    Joined:
    Nov 30, 2018
    Member:
    #22423
    Messages:
    668
    Gender:
    Male
    Vehicle:
    2019 Tundra | TRD Sport | Cavalry Blue | Crew Max
    Similar situation here. My father is looking for a new mid size and on 4/1 the Tacoma incentives went away. Tacoma has now been removed from the list. Will look to Frontier or Ridgeline.
     
    Cg13055 likes this.
  7. Apr 2, 2021 at 9:43 AM
    #7
    Tundra234

    Tundra234 New Member

    Joined:
    Nov 30, 2018
    Member:
    #22402
    Messages:
    5,993
    Gender:
    Male
    First Name:
    George
    Florida
    Vehicle:
    2020 Tundra DC SR5 Barcelona
    Alot of them
    Most manufacturers did away with incentives.
     
    P-Factor, Oey12, Black Wolf and 2 others like this.
  8. Apr 2, 2021 at 9:50 AM
    #8
    Tundra234

    Tundra234 New Member

    Joined:
    Nov 30, 2018
    Member:
    #22402
    Messages:
    5,993
    Gender:
    Male
    First Name:
    George
    Florida
    Vehicle:
    2020 Tundra DC SR5 Barcelona
    Alot of them
    The incentives don't affect it that much. Every $1000 financed is about a $17.00 difference in monthly payment. The APR is based on credit ratings. The dealer also sets the interest rate, not the lender.

    I think the dealer you dealt with are morons. I financed my truck before it ever left the port. As a matter of fact, the truck didn't arrive until 2 weeks later. It can be financed before delivery to the dealership because the dealer owns the truck before it ever arrives. The inventory manager has the VINs for incoming vehicles, that is how most are sold before they ever get to the lot.
     
    Boerseun, Black Wolf, Cg13055 and 3 others like this.
  9. Apr 2, 2021 at 9:58 AM
    #9
    French Avocado

    French Avocado Double Entundra

    Joined:
    Apr 27, 2020
    Member:
    #45583
    Messages:
    374
    Gender:
    Male
    First Name:
    Steve
    Utah / Wyo
    Vehicle:
    2020 Tundra Platinum CM MGM; 2008 Tundra Limited TRD CM RSP
    The preorder should have locked in the incentive which is separate from the financing paperwork
     
  10. Apr 2, 2021 at 9:59 AM
    #10
    ezdog

    ezdog New Member

    Joined:
    Mar 1, 2020
    Member:
    #43363
    Messages:
    1,594
    Gender:
    Male
    Gateway To The West
    Vehicle:
    2001 RCLB V8,4WD 2015 RCLB 5.7,4WD
    I have only bought new one time and it was the worst of easily 50 vehicles that I have had by a log margin too.
    I prefer to not pay depreciation by merely driving one off the lot for the first time and have only had a few that were really any trouble at all for over 40 years somehow,and again all but 1 of them pre-owned.

    I talked to my friend yesterday who runs a Toyota store and they can not get the numbers of trucks that they need anyway so they hardly need to offer incentives right now to sell more.
     
  11. Apr 2, 2021 at 10:16 AM
    #11
    Melikeymy beer

    Melikeymy beer No cooler for you!

    Joined:
    Jul 16, 2019
    Member:
    #33297
    Messages:
    678
    Gender:
    Male
    Vehicle:
    2019 Tundra
    I live close to a high volume Toyota dealer. The entire front row used to be Tundras and Tacoma's with dozens more in the overflow lots. There are now maybe 10 trucks that I could see anywhere on the lots.
     
  12. Apr 2, 2021 at 10:20 AM
    #12
    don3032

    don3032 New Member

    Joined:
    Apr 13, 2018
    Member:
    #14416
    Messages:
    304
    Gender:
    Male
    First Name:
    don
    Vehicle:
    2018 Tundra Limited Crewmax
    3/2 lift TOYO 275/65/20 WEATHER TECH MATS center console safe undercover folding tonneu undercover swing cases
    Supply and demand, limited number of trucks, demand is going higher as rumors swirl around new models and shortages for suppliers.
     
  13. Apr 2, 2021 at 10:43 AM
    #13
    cuaround

    cuaround New Member

    Joined:
    Feb 13, 2021
    Member:
    #59056
    Messages:
    8
    Gender:
    Male
    Im in the same boat. I had to order one a while back and the rebate was 1k which went down from 2k the month before. Now 0 and the truck should be here this month. Im debating on passing for now and just waiting to see what the 22 is like since I waited this long. I think there should be some trucks left as we go through the year. Damnit, wish Toyota would have atleast left it at $1000. As Don3032 stated earlier, supply and demand in the works.
     
  14. Apr 2, 2021 at 10:57 AM
    #14
    BecauseRacecar

    BecauseRacecar New Member

    Joined:
    Jan 6, 2020
    Member:
    #40816
    Messages:
    72
    Gender:
    Male
    Ohio
    Vehicle:
    '20 Tundra SR5 DC 4x4 Magnetic Gray
    Have you tried calling Toyota corporate to see if they'll try to keep your business? I'm also curious what the APR is going to be. I ended up getting a Toyota mostly because their interest rates were so much more competitive than the American brands, though this was at the end of 2019. I got dealer cash instead of any APR discounts, but still ended up at half the APR of any domestics.

    That being said, this sounds like the dealer screwed things up because shouldn't the financing agreement have been settled at the same time as the order being placed?

    Lastly, I wouldn't say Toyota is a bunch of jerks for removing incentives on a vehicle that's suffering from low supply and incredibly high demand. Financing incentives are usually there to help a vehicle move off the lot. No sense in Toyota giving up cash when they're having 0 trouble selling Tundras.
     
  15. Apr 2, 2021 at 11:12 AM
    #15
    AZBoatHauler

    AZBoatHauler Desert Dweller

    Joined:
    Aug 13, 2019
    Member:
    #34576
    Messages:
    1,584
    Gender:
    Male
    First Name:
    Adam
    Arizona
    Vehicle:
    2017 CM LTD TRD 4x4 MGM
    6112 and 5160 w/ CB +2, JL Audio with Kenwood HU, DD 10" Exhaust, RC light bar BD fogs, Platinum LED headlights, RCI skids
    If you put down a deposit I think you would get whatever incentive was offered when the order was placed. Maybe not. As others have said, it is not surprising to see incentives go away with the short supply. Dealers may be asking over MSRP if it keeps up... Supply and demand at work.
     
    Black Wolf likes this.
  16. Apr 2, 2021 at 11:26 AM
    #16
    TelemarkTumalo

    TelemarkTumalo New Member

    Joined:
    May 4, 2020
    Member:
    #45889
    Messages:
    580
    Gender:
    Male
    First Name:
    Mark
    Bend, OR
    Vehicle:
    2020 Tundra TRD Pro Double Cab Army Green
    Driver side grab handle Door sill protectors Falken WildPeak 295/70 R18 X-Pel clear front paint protection 20% front window tint Go Rhino RB20 side steps - Bedliner finish Lock'er Down 1/2 console safe Toyota bed cargo divider Toyota auto tail gate lock
    Another option is to go with non TFS financing. I went through my local credit union and the APR almost 1% lower than TFS. Shop around.
     
  17. Apr 2, 2021 at 11:52 AM
    #17
    Gfgneo

    Gfgneo [OP] New Member

    Joined:
    Jan 5, 2021
    Member:
    #57145
    Messages:
    25
    The deposit was placed before the vehicle was built so they cant do the finance paperwork as the vin number used is just a place holder. They can do the paperwork once the vehicle has been built and is in transit but unfortunately for me that was after the incentives were gone. I did talk to the dealer and they did try to give me the lowest they can but my monthly is still 900.
     
  18. Apr 2, 2021 at 12:02 PM
    #18
    War Machine

    War Machine SSEM # 5 SKDM # 23

    Joined:
    Aug 7, 2017
    Member:
    #8939
    Messages:
    13,857
    Gender:
    Male
    First Name:
    Jason
    Texas
    This isn’t a dick move by any means. Incentives exist to move products and boost sales. There’s no reason whatsoever for a manufacturer to offer a deal on something they can’t keep in stock. Not just vehicles, but any product. Why would any business cut prices or rates when demand far exceeds supply?

    I sell products for a living, and we are having serious supply shortages right now. Stuff is sold almost as soon as it comes in, if not before. You think I’m discounting any of it?

    Add that to the fact that everyone’s sales are already down because of it, and it’d be a terrible business decision to give any of that profit up. Last model year, almost nonexistent supply, guaranteed to sell 100% of inventory? I wouldn’t cut any deals either.
     
  19. Apr 2, 2021 at 12:10 PM
    #19
    eick

    eick New Member

    Joined:
    Jan 6, 2020
    Member:
    #40848
    Messages:
    268
    Gender:
    Male
    Vehicle:
    2020 CrewMax TRD Off Road
    Finding a used one isn't that easy either, they are all super high priced, it's even harder to find exactly what you want, and interest rates are higher.

    Check with your credit union/bank for auto loans it may not be a deal breaker like you think it is.
     
  20. Apr 2, 2021 at 12:22 PM
    #20
    BravoDeltaRomeo

    BravoDeltaRomeo Old Man Blue

    Joined:
    Sep 3, 2019
    Member:
    #35569
    Messages:
    2,268
    Gender:
    Male
    First Name:
    Bruce
    MB Canada
    Vehicle:
    2019 Cavalry Blue Tundra CM
    The nerve of them trying to make more money.

    That is one f'd up business model. Shame on Toyota.

    My $8k for cash incentive a couple years ago, is looking like a jackpot now ;)
     
  21. Apr 2, 2021 at 12:28 PM
    #21
    Cpl_Punishment

    Cpl_Punishment Mother-Loving Member

    Joined:
    Jan 24, 2019
    Member:
    #25048
    Messages:
    4,666
    Gender:
    Male
    First Name:
    Rosy
    Alberta, Canada
    Vehicle:
    2020 MGM SR5 CM 4X4
    What he said. If you don't want to pay what they're asking for a new truck, don't buy one.
     
    g6t9ed, JLS in WA, don3032 and 2 others like this.
  22. Apr 2, 2021 at 12:29 PM
    #22
    TommyTundra

    TommyTundra New Member

    Joined:
    Jan 31, 2021
    Member:
    #58422
    Messages:
    27
    Gender:
    Male
    Long Island NY
    Vehicle:
    2019 Black Tundra TRD PRO
    Try any one of these lease swap sweb sites. With times being what they are you may find something that somebody is looking to get out of. I picked up my 2019 TRD Pro off a website called swap a lease. I got it in October 2019. Original leasee traded in another Tundra and put the $9000 down on this lease and then put another $3000 into the truck ( warranties and ARE bed cover). He made 3 payments and wanted out. $575 monthly. Its all legit. Went through TFS and in a few months i just started making the payments. (Original leasee also paid sales tax upfront so all i owed was difference between NY and NJ 2%)
     
    BravoDeltaRomeo likes this.
  23. Apr 2, 2021 at 12:35 PM
    #23
    JimboSlice413

    JimboSlice413 Super Nice Guy

    Joined:
    Jan 14, 2019
    Member:
    #24486
    Messages:
    841
    Gender:
    Male
    First Name:
    Jim
    Bakersfield
    Vehicle:
    2016 Limited 4x4, 2003 Sequoia
    Bilstein 5100/5160 Toyo at2 295/70r18 Ray10 GunMetal
    They may have not done an actual preorder and were trying to find a truck to transfer. Probably weren't being entirely truthful with our friend here
     
  24. Apr 2, 2021 at 12:39 PM
    #24
    dittothat

    dittothat New Member

    Joined:
    Feb 23, 2019
    Member:
    #26579
    Messages:
    732
    First Name:
    Nick
    SD
    Vehicle:
    2016 Crewmax Platinum
    30% tint, wireless charging, front camera, DIY pop and lock, Truck Covers USA American Work Cover
    Who wants to finance the OP? Worst case: he defaults and you get a new truck
     
  25. Apr 2, 2021 at 1:41 PM
    #25
    Cpl_Punishment

    Cpl_Punishment Mother-Loving Member

    Joined:
    Jan 24, 2019
    Member:
    #25048
    Messages:
    4,666
    Gender:
    Male
    First Name:
    Rosy
    Alberta, Canada
    Vehicle:
    2020 MGM SR5 CM 4X4
    Also, you're going to quibble over $1k on a $35k+ vehicle?
     
    1lowlife and AZBoatHauler like this.
  26. Apr 2, 2021 at 1:50 PM
    #26
    RLHOK

    RLHOK Keeper of the smoke.

    Joined:
    Nov 3, 2015
    Member:
    #2054
    Messages:
    4,779
    Gender:
    Male
    First Name:
    Rich
    Oklahoma, just like the musical, but no singing
    Vehicle:
    2019 SR5 TSS of road crew max cement.
    No longer rolling stock baby....
    Sorry to hear about this, it does indeed suck.

    Its the main reason I traded in 02/19 for my current truck.

    I was in a lease that only had a few months left,, my plan at first was to go ahead and buy the truck for the residual. At that time tundras had 0% for 72 on 2019 models. I had started looking around at rates and all were in the 4% range, not bad but not great either.

    The sales manager at that time told me to just wait until the lease expired to purchase the truck, I replied can you assure me that you will still be offering 0% for 72 on new trucks if I decide to go that route? He replied no I cannot promise anything, I said well I am trading today either here or elsewhere, I purchased a new 2019 for 0% for 72 that day. In one more year, the 3 year mark I will owe $6,000 less on the 2019 than the residual was on the buy out of the 2016 I had.

    Sometimes you gotta strike while the irons hot.

    Good luck to you.
     
  27. Apr 2, 2021 at 1:55 PM
    #27
    GiantsFanDan

    GiantsFanDan New Member

    Joined:
    Jan 28, 2018
    Member:
    #12510
    Messages:
    1,537
    Gender:
    Male
    First Name:
    Dan
    Vehicle:
    2014 Silver Sky Tundra Ltd TRD OffRoad Dbl Cab
    Sounds like a dealer issue and not Toyota. Check credit unions and your bank. Probably will beat Toyota's offer.
     
  28. Apr 2, 2021 at 2:08 PM
    #28
    Black Wolf

    Black Wolf Got RF/Microwave? CALIT4U

    Joined:
    Apr 20, 2014
    Member:
    #378
    Messages:
    33,197
    Gender:
    Male
    First Name:
    Matt
    Aurora CO
    Vehicle:
    2014 Blaaaaack, 5.7L DC Limited TRD 4X4
    Zone UCA's, Fat Bob's Vated, Pro Form Fab shackles, Patagonia M/T's, Ranch Hand Grill Guard, RC steps, SDHQ AIP relocation kit, RetraxONE MX, Jomax ABS armor
    V
    Very wise you are:thumbsup:
     
  29. Apr 2, 2021 at 2:13 PM
    #29
    JPBeeMan

    JPBeeMan Lab Approved

    Joined:
    Mar 30, 2021
    Member:
    #61180
    Messages:
    3
    Gender:
    Male
    First Name:
    John
    Eastern Iowa
    Vehicle:
    2021 Limited Nightshade, Blk Metallic, Moonroof, TRD Exhaust
    Alpharex Headlights, BAK Revolver X4 Bed Cover, PowerBoard NX Running Boards, Sprint Power Booster, Blacked out 3rd Taillight and Taillights, Wireless Charging Tray, OPT7 LED Tailgate Light Bar and LED Truck Bed Light Strips.
    There maybe incentives coming in a couple months as parts supplier's catch up with demand. 21' sales may slow down just prior to the release date of the 22's. 22' most likely will have decent incentives when they hopefully come out in six months.
     
  30. Apr 2, 2021 at 3:32 PM
    #30
    Tundra234

    Tundra234 New Member

    Joined:
    Nov 30, 2018
    Member:
    #22402
    Messages:
    5,993
    Gender:
    Male
    First Name:
    George
    Florida
    Vehicle:
    2020 Tundra DC SR5 Barcelona
    Alot of them
    That makes sense. They were trying to find a truck that they didn't own yet.
     

Products Discussed in

To Top