Quote:
Originally Posted by GTRMagic
I think you might be surprised.. the likes of Lexus, Mercedes Benz and BMW have been playing the guaranteed buyback game for a number of years...
... but the likes of Toyota with mainstream cars.. it will be something new..
A couple of importers have offered near-zero interest rates through their dealer networks, and enjoyed a significant volume upswing in models that previously couldnt been brought to life with any other means...
Metal is moving... and the finance solution is one of the reasons for the activity..
Whether this pulls forward demand, or adds to the overall aggregate is a numbers game that nobody seems to understand just yet.. but the accretive activities in the servicing and parts divisions from the increase in the carpark is something that will pay back the dealer for the next 5 years.
In the Toyota example, they are said to also be decentralising some of their fleet activities, allowing local dealers the ability to sell/deliver/administer fleet sales activities in their PMA.
Someone is thinking outside the box... and with borrowings in Japan possible at less than 1% p.a. coupon rate, and an economy locally that is supposedly the best thing since sliced bread... lets see what the world delivers us
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Yep, let's see but fully maintained finance packages (which are what you referred to in your initial post) have been around for years from the prestige finance arms - also at volume dealers although offered through the finance companies rather than manufacturer finance arms. Mountainstar is right, not just for the USA - this type of finance has been around a long time.
Strange that Toyota are only decentralising fleet activity now - others have again been doing it for a very long time.