Toyota dealers are slashing prices due to problems with recalls. Last year Toyota recalled millions of vehicles due to floor mat problems. Just last month Toyota had to recall even more vehicles due to "sticky pedal" problems. Last week Toyota had to recall thousands of Prius vehicles. It doesn't take a financial analyst to figure out that all the bad press has hurt Toyota's reputation.
Toyota dealers are scrambling to sell all those vehicles in their lots. You can expect to pay prices below invoice price, special financing deals, and cash back deals. My guess is that if you were thinking of buying a new Toyota, this is the perfect time.
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