Has UK Toyota car prices gone up or down due to covid19?

[nielshm]

I just found my old invoice when I purchased my car back in 9/2019. The price has gone up a bit, around 3% in total + interests in 2022 are higher if I would choose to use Toyota Finance. 

Overall, buying a new Corolla similar to my own would be too expensive for me. Back in 2019 the price in total was the very limit for me, but a fixed 0,0% interest made the deal so attractive, that I could'nt resist. 

Now, I live in Denmark, so I don't know how the UK market has developed. You have been through Brexit and Covid19, so how has new car prices been affected by all this in the past years?

[FROSTYBALLS]

Brexit occurred in 2016. Don't think price increases since have been significantly more than anywhere else in Europe. Also don't think one can put price increases down to just Covid, as there are multiple reasons including inflation, semi conductor and parts shortages, etc.

The Corolla 1.8 hybrid started at £23,750 at launch in £2019 - current cost is from £25,455.

[Cyker]

It's hard to say because everything has been going up - Transport and energy costs have a direct effect on the cost of everything else, so if they go up, everything goes up! (Except our wages of course) 

I did think it was a bit weird that Toyota dropped the 0% APR finance so quickly - Maybe it was originally to stimulate sales of the new models, but since their sales have been very high they decided they don't need it any more?

It's funny because my sales person practically forced me to have the finance! (I now know why - They must get a huge commission on it, as that seems to be the source of £1k of discount I got off the car!) 

 

[Kental]

2 hours ago, Cyker said:

It's hard to say because everything has been going up - Transport and energy costs have a direct effect on the cost of everything else, so if they go up, everything goes up! (Except our wages of course) 

I did think it was a bit weird that Toyota dropped the 0% APR finance so quickly - Maybe it was originally to stimulate sales of the new models, but since their sales have been very high they decided they don't need it any more?

It's funny because my sales person practically forced me to have the finance! (I now know why - They must get a huge commission on it, as that seems to be the source of £1k of discount I got off the car!) 

 

Both our Yaris (bought last September) and our Corolla ordered in February were on 0% finance

[Yugguy1970]

0% has gone on the RAV, at least for the time being.  I reckon a bit like DFS, they take it off so they can put it back on again.

[forkingabout]

Just running some numbers for a C-HR similar to what I have ordered.

Even £0 customer deposit lets you have 0% APR over 36 months on £37380 worth of C-HR ( price before Toyota £1k deposit contribution ) 

0% finance depends on which vehicle your buying & on how many months you have it over - anything over 36 months on a C-HR seems to trigger a rise in the interest rate quoted / applied.

 

[Flatcoat]

2 hours ago, Yugguy1970 said:

0% has gone on the RAV, at least for the time being.  I reckon a bit like DFS, they take it off so they can put it back on again.

A manufacturer will not spend money on finance subsidies on cars they cannot supply or don’t need a sales boost. Look at the high finance interest rates on VW and others - the manufacturers are using the current supply and demand conditions of the market to recoup income. Looking back last summer/autumn was the optimum time to have ordered a RAV. Low rate finance was on offer and before a significant price rise. 

[Woofwoof]

16 hours ago, nielshm said:

I just found my old invoice when I purchased my car back in 9/2019. The price has gone up a bit, around 3% in total + interests in 2022 are higher if I would choose to use Toyota Finance. 

Overall, buying a new Corolla similar to my own would be too expensive for me. Back in 2019 the price in total was the very limit for me, but a fixed 0,0% interest made the deal so attractive, that I could'nt resist. 

Now, I live in Denmark, so I don't know how the UK market has developed. You have been through Brexit and Covid19, so how has new car prices been affected by all this in the past years?

£750 of that increase was within the past 4 months

[Woofwoof]

8 hours ago, forkingabout said:

Just running some numbers for a C-HR similar to what I have ordered.

Even £0 customer deposit lets you have 0% APR over 36 months on £37380 worth of C-HR ( price before Toyota £1k deposit contribution ) 

0% finance depends on which vehicle your buying & on how many months you have it over - anything over 36 months on a C-HR seems to trigger a rise in the interest rate quoted / applied.

 

There’s a 0% apr promotion on ch-r for up to 36 months only

[Yugguy1970]

18 hours ago, Flatcoat said:

 Looking back last summer/autumn was the optimum time to have ordered a RAV. Low rate finance was on offer and before a significant price rise. 

Aye that's when I ordered mine.  Got a really good deal and just before the delays hit.

[Flatcoat]

4 minutes ago, Yugguy1970 said:

Aye that's when I ordered mine.  Got a really good deal and just before the delays hit.

Me too! 

[Kental]

The Corolla still has all its deals, 42 month 0% and the £1000 deposit allowance yet estimated delivery times are going up and up.

Reading the small print, it says cars must be registered by 30 June (assuming it is the same for my order which was 6th February), what happens if the car is not delivered to the dealer by that point?

[nielshm]

We don't have such great deals in Denmark. The interest is 1% variable. A fixed interest nearly 2%.

Last week all Toyota models got a major 2% raise, making the Yaris Cross and Corolla very expensive cars. The Corolla now costs 2200£ /22000 DKK more than I paid in nov. 2019. 

Things are getting crazy due to the war.