Thursday, July 12, 2007

French Dude Video 2007 Corolla Verso

French program test drives the 2007 Corolla Verso wagon.

Video of 2007 Corolla Axio and 2007 Corolla Fielder

The 2007 Corolla Axio is the new Corolla Sedan. The Corolla Fielder is the Wagon.
These will come out in 2008 in the US. I hope they also bring the Corolla Fielder wagon to the U.S. market.

Corolla Versus Prius

When I was looking for a car. I compared the prices of similarly equipped Prius versus Corolla. The Prius is about the same size as the Corolla, but it costs about 6k more. So is it worth it? 6k is still a good chunk of change.

I also compared the insurance quotes for a Corolla versus a Prius and the Prius is a but higher due to the higher cost.

Another ding for the Prius is that the batteries will one day need to be replaced. They say this would cost about $3000. And of course the old batteries would end up polluting landfills for many decades to come. So is the Prius truly a green car?

I like my new 2007 Corolla, I just filled up my first full tank. It gave me 380 miles for 11 gallons. So that's about 35mpg. Not bad! My 98 Accord never got this close.

Click here for Gadabout Jack's research on the Prius compared to Corolla. It's a good read.

Tuesday, July 10, 2007

My FICO Score saved me money

When I was buying my 2007 Corolla, they ran a credit check and I was able to get a good auto loan rate.

The credit scores range from 300 to 850. This score lets lenders see how you compare to others. The higher your score, the more likely you'll get a better rate on your auto loan. Click here to see a graph showing where most people rank with their FICO score. Only 13% are at the top.

We should all handle credit wisely. A good credit score can mean hundreds and even thousands of dollars saved via lower loan rates. See here for how a higher FICO score saves you money.

Wikipedia entry for Toyota Corolla

Wikipedia has lots of info about Corolla's history, they even have photos of the original Gen 1 corolla.

Monday, July 9, 2007

2007 Corolla Car Crash Safety Test

Here's a 2007 Corolla being crashed for testing the safety rating.

The 2007 Corolla is available in select countries in Asia and Europe. In the USA, this will be the 2008 Corolla.

Corollas have Very Good Air Conditioning

According to this ad, Corolla's have very cold air conditioning

Saturday, July 7, 2007

Car Buying Step #3

Car Buying Step #3
Get the Invoice Price

The third step is very important as part of getting ready to buy a car. Nowadays it is possible to get so much information from the web. In fact you can easily find the invoice prices of cars on the web. The two most reliable sites that provide invoice prices are and I have used and their info has been reliable.

By now you should have decided on what make and model you want. And you also need to have a list of the extra features that you want such as cruise control, 6 CD player, or whatever you like.

So for example, you may have something like this

2007 Corolla
Auto transmission
Air, cruise, pwr door, pwr locks, 6cd, side airbags

From my research from Corolla features on, the CE and S have power windows, and doors as accessories, while the LE has this as standard. Plus only the LE has keyless entry available. So I decide on the LE.

This is how you can get the invoice price from Edmunds for a Corolla. The info is free and you do not need to register.
I go to, and click on NEW CARS.
You now have to enter a zip code, use either zip code close to your home or work.
Under the Browse by Make section, I click on TOYOTA.
Select 2007 Toyota Corolla
Now I see the S, CE, and LE listed. Select Corolla LE AUTO 4dr sedan
I now see the invoice price is $14,764 (MSRP is $16,315)
Click the Price with Options button.
Next select the options desired.
Select BE Side airbags
Select VV Audio package (6 cd changer)

Select color Silver Streak Mica
Click TMV Pricing Report to proceed to next page.

You will now see the total pricing for this car.

Click on EMAIL THIS REPORT and send it to your new email address.

You now have a very useful information that can be used in your car search.

Friday, July 6, 2007

Car Buying Step #2

Car Buying Step #2
Select the Exact Car Model You Want or Need

I was able to buy a 2007 Corolla LE for $750 under invoice. Follow my easy suggestions on how you can get a good price for your new car.

The second step involves being very specific on what you want to buy. This is important, because you are going to be spending thousands of your hard earned cash to buy this. Be honest with your budget and select the car you can afford. And also pick a car that fits your need.

Why do you have to know exactly what you want? Because you want to be prepared when you walk into the dealership. If you are unsure on what you need, then it's like blood in the water. You will be pitting your wavering impulses against professionals who sell cars every day. Guess who will win this battle?

The big reason is the third step you need to get the invoice prices, so you need to know exactly what you want first.

Is this car for commute? Then you may want one with good gas mileage.

Do you want a hybrid? You may also want to compare hybrids from different competitors. Toyota's Prius is a top seller, and they do have the best technology. The hybrid designs from other companies may not be as reliable.

How much space do I really need? If you are just using the car for commuting, do you have carpool partners?

Decide what you want or need. Take a test drive, but don't DONT get pressured to buy right now. Keep saying, I am just checking, not buying, if they bug you. If they really are pushy, then take your business elsewhere.

So decide what you want.

Do you want to buy new or used?
Take a look at the interior and exterior colors, which to pick?
Sedan or coupe? hatchback? wagon? SUV? Truck?
Manual or Automatic?
4 cylinder? V6? larger?
Power windows?
Power locks?
Cruise control?
Multi CD?
Side airbags
Sunroof? moonroof?
on and on and on

If you find it hard to decide, do this. Make up 2 list, one car you will enjoy, and another car with all the extra frills if you have money to burn. Then later you can compare the prices of both cars, and compare the monthly cost.

Pick a car with the "must have" configuration. This is the minimum you need, not want. For example:

For everyday commuting, I want a gas saver. So this is what I would be happy with.
2007 Corolla Sedan
Power locks
Power windows
Cruise control
Side airbags for extra safety

Then you can also chose another NICE TO HAVE configuration. This is your dream car, if money was no object.

Porsche 911... yeah right

So maybe for your this will be a
2007 Acura TL
All the bells and whistles.