[DanZilla]

Originally Posted by OldSkoolToys

Completely simpled out, bare trim ~18,000

Bloated with power goodies ~21,000


This is the "not high powered" version.


Wishful thinking, but more than possible.

I'm basing mine off some pretty simple finance math.

The market this car is aimed at is the youth market, 18-34 ish you could say.

Average income in the year range? 35-40k a year, I'd say. Thats a fair average.

Principal amount of loan: 20,000 18,000
~ Interest rate estimate: 10% 10%
60 month term 60
Payment: $424.94 $382.45

% of monthly income @35k a year
$424.94 - 14.57%
$382.45 - 13.13%

@40k a year
$424.94- 12.75%
$382.45 - 11.47%

Your car payment should never go above 15% of your monthly income (or good luck getting the loan).

You best believe Toyota is going under the premise that this car is going to be financed way more than bought straight up with cash.

/shrug, thats all completely guesstimating (interest rate, and yearly income of target market)

10% may be a bit too high for a new car unless you are young guy. Well depends on what down payment you put down as well.