Skip to main content

I Took My 2009 Toyota Corolla With 268K Miles To the Dealer, At First I Was Excited, But I Left Disappointed, I Didn’t Buy A 2025 Toyota RAV4 Or a Corolla Cross

Liz wants to buy a new small SUV. She loves the outdoors and is looking for her new vehicle. Which one should she buy? Liz took her 2009 Corolla, expecting to buy another Toyota, but left disappointed. Check out Liz's discouraging car search journey. 

"I love my 2009 Toyota Corolla. It has over 268,000 miles and I'm going to the Toyota dealer to check out the new RAV4 and the Corolla Cross."

That's what Liz (@fitnessadventureswithliz) says in her TikTok clip as she talks about her car-buying journey. You'll find the revealing story here if you didn't read my previous report on Liz checking out the new Subaru Crosstrek and why she walked away

Liz is ready to buy a new Toyota vehicle.

Liz lives near Toronto, Canada, has a heart for the outdoors, fitness, and nutrition, and she's looking for an adventure in her new vehicle. She took her 2009 Corolla sedan, which was over 268,000 miles, to the Toyota dealer, and she was excited to look at the automaker's new vehicles.

She needs something bigger than her Corolla to go camping with her bulldog "Rosie." She's looking for a small SUV, and the new RAV4 or the 2025 Corolla Cross could be a great choice. However, she left disappointed.

Liz says, "Well, it has been a great adventure with my Toyota Corolla. I have had her since 2010. 15 years of memories, 15 years of road trips, and just over 431,000 km (268,000 miles) driven!"

Imagine going into the Toyota dealer and you want to trade in your Corolla, a great vehicle. You are ready to buy a new Toyota that day and drive away in a new small SUV. You love the new Corolla Cross. However, they don't have the trim level and color that you want. 

She expresses her disappointment, saying, "I went to the Toyota dealer to trade in my 2009 Corolla with 268,000 miles, and I left totally disappointed. Toyota, where is the inventory, and why are your interest rates higher than everyone else's?"

The Toyota dealer tells Liz she must wait three to six months for the exact Corolla Cross model with the desired features that she wants. She can't believe it. 

What's up with Toyota's inventory?

A report from CarEdge says that Toyota and Honda now have the tightest supply of new cars on dealer's lots than any automaker. They say, "Toyota and Honda have the least inventory, and as a result, the least negotiable prices."

Because Toyota's customers don't have many new cars to choose from, customers are competing with other new car shoppers, which drives the price up. Then, if customers order a new car from the factory and have to wait to have it shipped to the dealer, Toyota typically doesn't give many incentives.  

This is what Liz found on her Toyota car-buying journey. 

Liz continues, "I went to the Toyota dealer and was excited to get my next car. I took out the RAV4 and didn't love it. I also took out a Corolla Cross, which I loved. It was absolutely amazing." 

"However, Toyota, what is going on? Where is the inventory? The dealer told me it would take three to six months to get the car I wanted. My Corolla has over 268,000 miles on it, and it won't make it another three to six months."

"What happened to the days of being able to go into a car dealership and buy a car?" she says in disbelief, highlighting her frustration at the current car-buying process.  

Wait, there's more.

She further questions, "Not only that, why are Toyota's interest rates higher than everyone else? It's a new car, and your interest rate is 6.49%. And a pre-owned car is 7.99%? Toyota's interest rates alone are absolutely crazy compared with every other car brand out there."

Are Toyota's financing rates higher than those of other automakers?

Some recent reports from Reddit users indicate that Toyota's finding rates are higher than the national average, especially compared to some luxury brands. Still, Toyota does offer deals if you know where to look. 

Higher than Average 

Some analysis suggests that Toyota financing rates can be higher than the national average for new car loans, which is currently around 7.40%. 

Here is what other Toyota buyers are saying

Reddit user planefan001 says, You should go to a credit union. Toyota Financial Services rates are insane right now. I financed my 2022 Corolla SE for 2.99% for 72 months back in May 2022 (780 FICO). If I did it now, their best rate would be around 8%.

MadManAndrew says, "I have an 800 credit score, and Toyota Financial still gave me 11% on a Sequoia. And the dealership wouldn't let me use outside financing."

Where Should Customers Go to Get the Best Financing?

Bankrate says credit unions are generally able to offer lower car loan rates because they are member-owned and not-for-profit. In the last quarter of 2024, the average rate on a five-year new car loan from a credit union was 6.03 percent, according to data from the NCUA. At banks, it was 7.53 percent.

"Typically, the rate of lending (at credit unions) is very competitive compared to other lenders under most circumstances," says Bill Meyer, AVP of Communications at Nuvision Federal Credit Union.

Liz concludes, "So, what's going on, Toyota? I'm a little disappointed."

Conclusion and Questions for Toyota Owners

Because she can't wait for the new Toyota Corolla Cross, which she loves, Liz is left with having to leave the Toyota brand and look for another new small SUV. 

She will test drive a Honda CR-V, Honda HR-V, Mazda CX-5,  Volkswagen Tiguan, and a Volkswagen Taos. What will she end up buying? Come back tomorrow for my report when she takes out a 2025 Nissan Rogue. It also doesn't go well. 

Have you recently purchased a new Toyota Corolla Cross or another Toyota model? What was your car-buying experience like?  Click the red Add New Comment link below and let us know.

Check out my Toyota RAV4 story: I Would Buy a 2025 Toyota RAV4 Hybrid, But The Toyota Dealer Is Telling Me My 2018 Mercedes-Benz E300 Is Only Worth $9K

I am Denis Flierl, a Senior Torque News Reporter since 2012. My 30+ year tenure in the automotive industry, initially in a consulting role with every major car brand and later as a freelance journalist test-driving new vehicles, has equipped me with a wealth of knowledge. I specialize in reporting the latest automotive news and providing expert analysis on Subaru, which you'll find here, ensuring that you, as a reader, are always well-informed and up-to-date. Follow me on my X SubaruReportAll Subaru, WRXSTI, @DenisFlierlFacebook, and Instagram.

Photo credit: Denis Flierl via Toyota dealer

Comments

Geoff (not verified)    April 5, 2025 - 4:27PM

Why new ? If you spend some time in the used car market, you might get lucky. Last year I found an 8-month old, loaded, Rav4 Limited Hybrid AWD that had been owned by a dealer. Metallic blue exterior, camel leatherette interior. Odometer: 18,000 kms; so, tons of Toyota warranty left, not a mark on it, inside or out, and the free Sirius XM trial had never even been activated.

DOOM1000101 (not verified)    April 5, 2025 - 5:31PM

She's been driving her current car for fifteen years, but she can't wait 3 months for the model and options she wants? If expedience of purchase is her driving force, it doesn't really matter what she buys. I'd personally wait the three months, as long as her current car is functional.

For financing, she should start with her own bank. Get refinancing first, for a set amount, and she has a built in bargaining chip. I financed through the dealership twice because it made more sense than the offer I got from a bank.

Brooke (not verified)    April 5, 2025 - 11:12PM

I bought a 2025 Corolla Cross Nightshade edition which is their hybrid model, and while I did have to wait about 2 months - it was absolutely worth it. I’m so happy with it and it’s entirely black and I get so many compliments - plus, it’s so fun to drive. I get the impatience of not wanting to wait, I too was in a situation where my car needed about $9k in work, and I had to take the bus to/from work while I waited for my new car to be built, but I got a ton of reading done, and again..totally worth it imo.

Witness (not verified)    April 6, 2025 - 2:24AM

I really like Toyotas and bought a new Sienna in 2016. It was a great vehicle but buying it was a nightmare. It was so bad that w/o us asking, Toyota sent us $500. The dealer could not answer a couple of basic questions (and Toyota HQ struggled w/ them, also). The dealer lost the order. The dealer lied about the availability of the model we wanted, insisting it wasn't sold in our area. It was; we prevailed.

Recently we bought a Subaru. It better fit our needs nine years on.

Helen Kalleske (not verified)    April 6, 2025 - 2:50AM

I received my RAV4 Hybrid Cruiser 9 months after I ordered it. It is a fantastic car, don’t listen to the knockers, they are probably selling the oppositions cars.
It is well worth the wait. You just have to be patient.

April (not verified)    April 6, 2025 - 9:50AM

I ordered my corolla cross hybrid. It took a few months, but I got the trim I wanted. I financed through my bank. Never finance through a dealer, unless absolutely necessary.

Steve Z (not verified)    April 6, 2025 - 10:16AM

My 2007 Corolla has 275K miles on it, and my daughters Elantra had 140K, the dealers offered $250 for each, I sold the Elantra for $1900 and decided to keep the Corolla as a second car since it's running great. But it was time to get new cars as sticker prices are going up, we test drove Mazda, Honda and Toyota SUV's. I really wanted the Toyota Stout LOL, or the upgraded 2026 Rav4, but with cost going up it was time now and timing was great, end of month and end of quarter, we hit dealers with existing inventories, and they were motivated to give a deal on two cars from their lots. We got two Honda CR V's for invoice price and low interest loans last week!

JD (not verified)    April 6, 2025 - 3:45PM

I went online and was able (at that time 10/'24) to access the dealers new car inventory with details. I found a new Carrola Cross LE awd/gas that had a white trimed interior and ended up buying it for 32k cash, the dealer pays tax, tags, title. They snatched up that offer. I had alot of buyers remorse and tried to reverse the purchase but no cigar. The sticker price was $29,848
so... I dunno. Anyway, I'm stuck with it.
They insulted me by offering me $1 for my trade, a 2006 Isuzu Ascender
with 152k on it. So, of course, I still have it. Gorgeous old car, all leather, sunroof, fake wood trim, you know, the works. Dealers don't want it but maybe I'll find a private buyer as I'm tired of this insurance rip-off.

Ron Huber (not verified)    April 6, 2025 - 8:10PM

The dealer cannot refuse your financing. None of this sounds right. Try different dealers. I bought one last fall. I waited two weeks for one in transit. Go to the Toyota website and search inventory. Go to EBay Motors. There are Toyota dealers with new ones. Get busy, know your rights.

Karen (not verified)    April 7, 2025 - 7:02PM

I just bought a 2025 Toyota Camry XLE three days ago. I ordered it because they did not have it anything like it at any dealer in the north half of my state. I was told it would take 15 to 45 days to come in and received it in 9. I also financed part of it with Toyota at a rate of 4.99 which I thought was good. I was also able to deal on the price and saved $3,000. I'm totally satisfied!

Karen (not verified)    April 7, 2025 - 7:15PM

I just bought a 2025 Toyota Camry XLE three days ago. I ordered it because they did not have it anything like it at any dealer in the north half of my state. I was told it would take 15 to 45 days to come in and received it in 9. I also financed part of it with Toyota at a rate of 4.99 which I thought was good. I was also able to deal on the price and saved $3,000. I'm totally satisfied!

Margaret Counter (not verified)    April 9, 2025 - 12:13AM

We bought a Toyota Corolla cross in January and yes, we were told we had to wait for up to 7 months. We didn’t mind as we had a choice of colour and accessories to make it our personal car. We were pleased with our choice and understood that financially they couldn’t have stock sitting in the yard that didn’t cover the personal selection they were offering. However we only had a 2 month wait as they had a cancelled order which covered all the details we had asked for. We are very happy with our “ jungle Cross”.

Ted (not verified)    April 9, 2025 - 6:50AM

Toyota is well known to slow roll production for perceived rarity. This way they can also jack up the prices to ridiculous amounts

Alexa (not verified)    April 9, 2025 - 2:02PM

I just bought a new car. I was looking for a hybrid and decided a Toyota Corolla hybrid was the best, but the interest rates were incredibly high (6.99%). I ended up buying a new Hyundai Elantra hybrid because not only was it fully loaded, but the interest rate was 2.99%, much better than what Toyota was offering.
It’s a shame because I have owned Toyotas before and loved them, but they lost me because of interest rates.
II absolutely love my Elantra. It’s a great car and I love all the extras Hyundai gives.

Victor (not verified)    April 11, 2025 - 11:45AM

Bought a 2024 Toyota RAV4 Hybrid last August (2024). Did not talk financing as I was going to pay cash. Car was on the lot, didn’t have all the “bells and whistles”, but dealer discounted price somewhat for those two reasons. I also got the dealer to take off an added charge for “dealer installed” options and “floor-plan”, i.e. “added dealer profit!”

Car gets good gas mileage—37 mpg overall so far. Odometer currently at 3500 miles. Generally satisfied with the vehicle but would prefer that be somewhat smaller and have fewer computerized electronics, e.g. lane maintaining, automatic braking, infotainment system (too complicated). Also, I am not at all fond of all-wheel drive—I don’t need it (live in FL), car cannot be towed—has to be transported on flatbed tow truck, and if one tire has a flat or is damaged and needs to be replaced, you have to replace all four tires because of the four wheel drive system design.

I do see a large number of RAV4’s on the road when out and about. Most of them are hybrids. I’m just glad I bought when I did since apparently the RAV4’s are currently in short supply and bound to go up in price.

Thomas M Felcyn (not verified)    April 12, 2025 - 1:33PM

We purchased a new Prius last summer and it took 5 months to get the car very low inventory and the asking price is it!!

Jean (not verified)    April 13, 2025 - 6:37PM

Hit 2 deer in my 2021 RAV 4 in September. Was informed by my insurance company in October it was a complete write off. Test drove the Corolla Cross and just felt it was too small a vehicle. We were so fortunate that while sitting with our sales rep a 2023 RAV 4 came in off lease with 17,000 km on it. Had that car not come in I honestly don't know what we would have done. I thought we were lucky but the more I read about people's difficulty getting a RAV 4 I realize we were really lucky!