Question on new relationship between Toyota/Subaru
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Driver
Joined: Apr 2005
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From: NJ
Question on new relationship between Toyota/Subaru
I was in a Subaru dealership yesterday with a co-worker and noticed that Subaru dealers make their payments to "Toyota Motor Credit" or something like that. I believe that I read somewhere that the 20% of Subaru that was held by GM has recently been bought out by Toyota. As I have an aunt that works for Subaru corporate, I was wondering if there may be the potential for any type of "employee pricing" scheme via her on a Lexus now, particularly on a new IS350. Not sure if this is the right place for this post, so feel free to move it if there is a better location for the thread.
I don't believe this will be the case since they won't be a wholly owned subsidiary. Toyota as a company couldn't purchase ALL of the shares that GM was offering as they are already nearing monopoly status in Japan as they control 45% of the automobile market. I believe from what I understand there will be some tooling and technology sharing and perhaps a cross platform vehicle (like the Toyota/GM Matrix/Vibe relationship) but little else. I've heard conflicting reports on whether or not the amount that Toyota purchased (I believe around 8%) is enough to be a controlling interest.
As far as Toyota Motor Credit being on the bills that may just be because Toyota Motor Credit farms out financing/leasing and warrantys to other dealerships... A non toyota dealer may take preference with those over native finance companies or local deals because they offer better incentives/commisions/mark ups, etc. TMCC does financing for plenty of non-toyota dealers.
As far as Toyota Motor Credit being on the bills that may just be because Toyota Motor Credit farms out financing/leasing and warrantys to other dealerships... A non toyota dealer may take preference with those over native finance companies or local deals because they offer better incentives/commisions/mark ups, etc. TMCC does financing for plenty of non-toyota dealers.
Lexus Fanatic
Joined: Oct 2003
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From: Virginia/D.C. suburbs
According to the figures flip posted last week I think Toyota bought 8.7% of the shares.
But......all this financial stuff is for the accountants. The real excitement here is the prospect ( if possible ) of mating the best engines (Toyota ) with the best AWD systems ( Subaru ).
Ratman.....that is a very interesting queston about your aunt. . I wish I had the answer for you but I don't. My suggestion is to contact the people at Lexus Financial Services ( here is their website ) and discuss it with them. You may be able to work out some kind of deal....but it may also have to involve the dealership you are buying from.
http://www.lexus.com/financial/
In the meantime, if you change your mind, or if she doesn't qualify........Subaru makes some damn nice products for the money....especially in the Legacy / Outback line. She could probably get employee pricing on one of those.
But......all this financial stuff is for the accountants. The real excitement here is the prospect ( if possible ) of mating the best engines (Toyota ) with the best AWD systems ( Subaru ).
Ratman.....that is a very interesting queston about your aunt. . I wish I had the answer for you but I don't. My suggestion is to contact the people at Lexus Financial Services ( here is their website ) and discuss it with them. You may be able to work out some kind of deal....but it may also have to involve the dealership you are buying from.
http://www.lexus.com/financial/
In the meantime, if you change your mind, or if she doesn't qualify........Subaru makes some damn nice products for the money....especially in the Legacy / Outback line. She could probably get employee pricing on one of those.
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