Having paid a $1,000 deposit on a Toyota RAV4 Prime in January 2021, I would like to know if I am entitled to the financing rate that was in effect at the time and not the rate that was in effect at the time of delivery.
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Hello Patrick,
Unfortunately, the financing rate at the time of vehicle delivery applies. Sometimes some merchants can freeze a price for up to 90 days. However, in your case, given the current context, that won’t happen. You should also understand that the product you are being sold will not be a 2021 RAV4 Prime but will be a 2023 or 2024.
It must therefore be taken into account that the price displayed is not valid in 2021 either, as you will be charged the RRP in force at the time of delivery.
I would also like to add that when you ordered your RAV4 Prime, the applicable state credit was $13,000 including tax. They are now reduced to $10,000 including tax for this model, which also counts. Of course, at this point you have the option to decline the transaction and reclaim your deposit if the financial conditions no longer suit you.
In conclusion, you should know that the list of people waiting for this vehicle is such that with a snap of the fingers the dealer can pass it on to someone else who will be very happy to get it.