I was looking at a 4Runner and saw the monthly payment would be around $950. That’s way too high considering other options in the market. That also means Sequoia would be $1200 I guess. I could never justify Toyota with such high payments because, yes, they’re reliable but that’s about it. Extremely old tech and design. Am I missing something? I honestly would love a Land Cruiser but know it’ll be above $1k.
Yes, you’re missing that your monthly payment is based on your credit score, which determines your interest rate. Interest rates are also much higher now than they were even just a couple years ago, even for buyers with great credit.