Toyota Vios

[Foxhound]

Anyone knows is what are the major differences between J, E & S series? I am planning to buy a new car from Toyota but the strict requirement of needing a Thai guarantor outs me off. Went to Toyota Sure who is willing to waive the guarantor, chosen a 2011 Toyota Vois at 525,000 baht, one year warranty still valid with Toyota.

Is this a good buy? Hope to get some advice from fellow members before I proceed with the purchase.

Thanks in advance.

[IMHO]

http://www.toyota.co.th/en/product-detail.php?model=vios&opt=spec

[Thailaw]

What is the model -- J, E, G or S -- and how many km's on the clock? These will affect the price (and value) significantly. There is a new Vios coming out this year (when, I don't know) and the price of the existing Vios models will drop at least 10% when the new one is out. IMHO may have an idea as to when the new Vios is expected to arrive. I would wait to buy a Vios if I could. You can probably also do better by buying a late model car (Vios or Honda or Mazda) with at least a year left on the factory warranty and relatively low km's from a private party, but the same financing issues may exist.

[Foxhound]

It's a 1.5J model, mileage 21xxxkm, 2011, one year left on factory warranty with Toyota. Toyota Sure settles all my leasing needs and will hand over car to me in three days once everything approves.

[IMHO]

New VIOS comes next month gents.

@OP: How much are you paying and is it AT or MT, w/airbags or w/out?

[Thailaw]

It's a 1.5J model, mileage 21xxxkm, 2011, one year left on factory warranty with Toyota. Toyota Sure settles all my leasing needs and will hand over car to me in three days once everything approves.

You can see from what IMHO posted that a new "J" model Vios sells for B531K (Manual trans) or B566k (A/T) -- not sure what the B581k model is, but it doesn't seem very much different (ABS and 4 speakers) than the model for B566k. So, assuming that what you are looking at is A/T, you get a used car, with 21,000 km and 1 year warranty (rather than 3) for B41k less money. And you are buying a car that will drop in resale value by at least 10% as soon as the new Vios is out. Not an especially good deal, I think, but used cars in Thailand almost never are. And if it is a M/T, it is a "bad" deal. If you could get it for B500k (or less), again assuming A/T, given your situation, it is "ok", I think. Wait until the new model is out, and you will get it for less than that.

[guzzi850m2]

I also think it's about 40- 50K bath too much.

There is an E model for sale here with full option to 479K bath, okay is not under the Sure package but still:

http://classifieds.thaivisa.com/automotives-vehicles/cars/toyota-vios-1-5-e-vvit-at-2011-479-000-b-212429.html

[Foxhound]

Went again yesterday and was offered B519,000 last price. A/T with airbags. The dealer said new car price is B580+ ....

I would love a new car as it is the most reliable and looses less money over years plus I get a new model. As I am new in Thailand, I cannot find a Thai guarantor to apply for car financing. I spoke to the dealer and checked out Tanachart Bank as well, and I was told the same thing that I need a Thai guarantor before they can consider my car financing application. Otherwise, the ads pointed out by Guzzi is a good buy as well. Also, all used cars by Sure are certified by Toyota, in addition, the Company provides guarantor on defects for first year or 20,000km. For some personal reasons not due to finance, Sure waives the need for me to get a Thai guarantor.

After some researches, I am also very cautious about getting second hand car from dealers, though some friendly TV members have recommended to me few trustworthy dealers, but we never know the condition of the car.

I am going to commit this over the weekend so please keep pouring in your comments so that I have enough pointers to make a final decision.

Thanks so much for all who have given me valuable advices as well.

[IMHO]

Went again yesterday and was offered B519,000 last price. A/T with airbags. The dealer said new car price is B580+ ....

I would love a new car as it is the most reliable and looses less money over years plus I get a new model. As I am new in Thailand, I cannot find a Thai guarantor to apply for car financing. I spoke to the dealer and checked out Tanachart Bank as well, and I was told the same thing that I need a Thai guarantor before they can consider my car financing application. Otherwise, the ads pointed out by Guzzi is a good buy as well. Also, all used cars by Sure are certified by Toyota, in addition, the Company provides guarantor on defects for first year or 20,000km. For some personal reasons not due to finance, Sure waives the need for me to get a Thai guarantor.

After some researches, I am also very cautious about getting second hand car from dealers, though some friendly TV members have recommended to me few trustworthy dealers, but we never know the condition of the car.

I am going to commit this over the weekend so please keep pouring in your comments so that I have enough pointers to make a final decision.

Thanks so much for all who have given me valuable advices as well.

The current (very soon to be superseded) VIOS J 4AT with ABS has a list price of 581K, which also includes free registration (~4K), free 1st year 1st class insurance (~17K Baht), your choice of at least 4 accessories, and a full warranty, new tires, no scratches, and no mucus and other bodily fluids sprayed about.

I appreciate you're saying you're having issues getting finance, but buying used means you pay 7% VAT on your repayments (new cars don't pay this), and miss out on the above advantages. When you do the math, it's hard to make a case for buying used at the price you've been offered.

If I were you, I'd be shopping around some other new dealers, whilst also making it very clear I know the all-new model comes out in just a few weeks time (and indeed has been able to be advance-booked since last December), and if they can't arrange finance w/out a guarantor an without rapage on the interest rate, there's simply not going to be a deal here.

I'd be supremely confident of being able to achieve a nice discount/rebate of around 15-25K on top of all the standard freebies, along with a very attractive interest rate (2% or less), and none of the hassles the current dealer has offered you..

Shopping for a VIOS now is a complete buyers market, IMHO.....

[Thailaw]

...................

Shopping for a VIOS now is a complete buyers market, IMHO.....

The OP should check the internet ads for cars, in particular, Baht&Sold, which today lists a 2011 Vios "E" model":

"2011 toyota vios e model top of range .10000 kilometers automatic twin air bags

abs side retractable mirrors rear sensors mp3 aux cup holders full leather

.alloy wheels great colour and smooth drive large boot area. has tax and

goverment insurance. bargain price 470000 thb."

And there should be at least 1 full year remaining on the manufacturer's warranty, so the "Sure" guarantee really doesn't add much. You get a full model step-up ("J" to "E"), leather interior, 11,000 fewer km's and B49,000 less price (and there may be some small price reduction through negotiation still possible). This ad makes the OP's B519K for a "J" model Vios with 21k km kind of "sick". I realize that financing is an issue, but there are some good deals out there on late model Vios. This is only one.

[naboo]

Check the cost of the financing - 7% VAT for starters. It will cost you more than a new one once extra costs of finance for a 2nd hand car are factored in.

[Thailaw]

Check the cost of the financing - 7% VAT for starters. It will cost you more than a new one once extra costs of finance for a 2nd hand car are factored in.

The point about the 7% VAT on used car financing was made by IMHO in post #9, above. As far as costing "more than a new one", the new Vios E is B640,000. The 2011 with 10,000km is advertized at B470,000. Assuming that a buyer puts 30% down and finances the balance at 7% interest over 3 years, that would mean financing B329,000 + 7% for 3 years = B398,090 total finance payments (excluding VAT). The added VAT over the 3 years of payments will be B398,090 x 7% = B27,866.30. While this is not an insignificant amount of money, it does not come anywhere close to B170,000, the difference between the price of a new E model Vios and the asking price of the advertized 2011 Vios E. What other "extra costs of finance" will come to more than B142,133.70? I think your post is complete nonsense, but I will reserve final judgment until I read your detailed reply.

[naboo]

I was referring to the one on offer from Sure the OP was considering. A J model auto at 40k-60k off new price depending on which figures we use. 30% down at 519000 leaves 300000k+ to finance. 7% is 21k then the cost of finance will be about 3% a year more than new car finance, over 4 years an extra 12% which is 36k. Total extra cost is about 57k+.

[1ma]

What is this 7% VAT on used car finance?

Looking on sure now at a Vios.

345k

4 years.

Interest: 3.4%

Selected downpayment: 10%

Monthly: 7,348.

Calculated total: 387,204

Is there some extra VAT that would have to be added somewhere because the car is used?

[IMHO]

What is this 7% VAT on used car finance?

Looking on sure now at a Vios.

345k

4 years.

Interest: 3.4%

Selected downpayment: 10%

Monthly: 7,348.

Calculated total: 387,204

Is there some extra VAT that would have to be added somewhere because the car is used?

Yes - finance for used cars is subject to VAT - no VAT if you pay cash. Finance on new cars isn't, because the buyer is paying VAT on the merchandise itself.