Is there any reason you’re not considering a gently used, 2009-2010 Camry? Dave Ramsey would approve. The teaser of “lower” interest rates do not come close to offsetting the first year depreciation of any new car purchase.
See my reply #37 concerning how Toyotas depreciate.
My C.U. is offering 1.9% new car financing, I'm considering that and also considering paying cash, with the check from my insurance and another $12,000 or so, I do not like the idea of making monthly payments, even if it were 0%.
I really prefer a new one. I had my now wrecked Toyota for 6 years and probably would have kept it for another 6 at least. It's not like I'm buying on a whim. I buy and keep cars.
My wife bought her new Chevy Trail Blazer about the same time I bought the Toyota and has had some problems with it but it's 6 years old too and we are not considering replacing it. The four wheel drive has come in handy in this weather. When we do get rid of it, it will almost certainly be replaced with a Toyota product. I will never buy a Government Motors product.