1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Lowest Interest % from Toyota?

Discussion in '2nd Gen. Tacomas (2005-2015)' started by SoxTacoma12, Mar 29, 2011.

  1. Mar 29, 2011 at 2:48 AM
    #1
    SoxTacoma12

    SoxTacoma12 [OP] Member

    Joined:
    Mar 19, 2011
    Member:
    #53301
    Messages:
    22
    Gender:
    Male
    I had asked this question in a seperate thread...want to see what others are getting when they Finance through toyota recently...sales manager quoted me 4.1 , but stated finance guy would have to finalize ....I have to use Toyota FInance since we are using my wifes masters degree to get the 1k college rebate...I know last year they were matching any outside banks rates to get the loans, I am told no to that now....anyway, I pick the truck up tonight...just wanted to know how hard to push for a lower rate by what others are seeing, I have excellent credit with a long history of the same...i've always waited for 0% or very low to buy, this is the first time I've bought without the special rate through the dealer...
     
  2. Mar 29, 2011 at 3:25 AM
    #2
    KodiakVA

    KodiakVA Well-Known Member

    Joined:
    Jul 28, 2009
    Member:
    #20273
    Messages:
    147
    Gender:
    Male
    Richmond Virginia
    Vehicle:
    09 4x4 XCab Sport BarcelRed
    I bought a Venza about 9 months ago and they had a special finance offer going at that time. I have excellent credit and I got a rate of 2.9%. This was the lowest someone could qualify for at that time. So considering I got about 3% with a special and you are offered 4.1% IMO you are probably getting a pretty good deal on the finance. It's not a great deal, but it is not a bad deal either, I think it is fine if it is coupled with other deals. Good luck.
     
  3. Mar 29, 2011 at 3:47 AM
    #3
    Chris(NJ)

    Chris(NJ) Well-Known Member

    Joined:
    Jan 21, 2010
    Member:
    #29777
    Messages:
    4,858
    Gender:
    Male
    First Name:
    Chris
    Usually in Central Jersey
    Vehicle:
    08 Indigo 4x4 DC OR
    Mods are currently being changed .....
    I've heard they're not matching any more either. You may want to find the lowest apr outside of toyota financial, then compare to what they offer. Based on the amount you're financing, the difference may be great enough to not even bother w/ the 1k rebate. The lower apr from an outside company may be significant enough to save more than that over the life of the loan.
     
  4. Mar 29, 2011 at 4:27 AM
    #4
    toughtaco

    toughtaco Well-Known Member

    Joined:
    Dec 13, 2008
    Member:
    #11547
    Messages:
    5,748
    Gender:
    Male
    Vehicle:
    05 tacoma dbl cab short bed
    TRD CAI, MBRP dual exhaust, PIAA headlights and driving lights, 5% limo tint, 3 inch Skyjacker lift , AFE throttle body spacer, 285/70/17 BF Goodright AT TA KO, Grillcraft MX with PIAA's behind the grill, anytime fog light mod, reverse camera anytime mod, and PIAA fog lights on the rear bumper anytime mod light bar behind back window with truck lights for reverse assistance, Optima Red Top Battery, Onza 3x5" LEd reverse lights attached to light bar behind cab
    Recently been looking and was told 2.9%. That was through Toyota, if they didn't offer that I would just go through my credit union.
     
  5. Mar 29, 2011 at 5:14 AM
    #5
    maxpower29

    maxpower29 Well-Known Member

    Joined:
    Mar 7, 2011
    Member:
    #52525
    Messages:
    8,014
    Gender:
    Male
    First Name:
    Jordan
    Nova Scotia, Canada
    Vehicle:
    2011 Tacoma 4x4 2.7 5 speed SWB
    All season mats, 2nd filter delete, DT header, Jardine cat-back, URD shifter, Bilstein 5100's all around at .85 front with Eibachs + .25 passenger/.5 drivers spacers and 1.5 AAL, 0w20 synthetic, Scanguage II, extra D rings, OEM backup camera+Mirror, bed mat, Extang Solid Fold, Popnlock 5300, Pro Comp 7089's 4.5bs 285/70/17 Revo 2s, De-badged
    I got 1.7% on my offer
     
  6. Mar 29, 2011 at 5:50 AM
    #6
    Simon's Mom

    Simon's Mom Wag More Bark Less

    Joined:
    Apr 12, 2007
    Member:
    #1297
    Messages:
    10,171
    Gender:
    Female
    First Name:
    Judy or Jude :)
    NEK Island Pond VT
    Vehicle:
    13 TRD OR DC MGM
    Stock for now
    But that is a lease in Canada.

    OP is in New England i.e. US.
    Interest rates are done regionally here.

    The deals will change come the beginning of April. Buytoyota.com (toyota's incentive site) or edmunds shows all the offerings by models based on zip.
    It looks like right now the tacoma & sienna are the only models not offering anything substantial.
    Also this will change in a week.
    Edmunds is a great tool for it will show TMV based on zip. There is also another site that polls DMV data to show what people are paying vehicle price regionally. To me that is what matters first, then the financing follows.

    Good luck deals should sweeten in the states next month with Tax date april 15th. :thumbsup:
     
  7. Mar 29, 2011 at 6:29 AM
    #7
    Truckn4life

    Truckn4life Well-Known Member

    Joined:
    Sep 25, 2009
    Member:
    #23284
    Messages:
    185
    Gender:
    Male
    First Name:
    Dan
    Iowa City
    Vehicle:
    09 Black 4x4 Reg Cab SR5
    I got 1.9% for my 09. I was supposed to get 2.9% but i forgot to sign a box on the loan agreement and when i came in to sign it (2days later), it was the next month and they had a new interest rate of 1.9%. Pleasant surprise. I will have paid a total of $631 in interest when I pay off my truck n a yr!

    I remember the car dealer (not financial loan guy) kept telling me I had to hurry up and sign before the month was over b/c the rate was going to go up. So when i went in to sign the last box I looked and it had lowered. I didnt say a thing:)
     
  8. Mar 29, 2011 at 7:55 AM
    #8
    scottri

    scottri Well-Known Member

    Joined:
    Apr 13, 2010
    Member:
    #35187
    Messages:
    2,091
    Gender:
    Male
    First Name:
    Scott
    Tigard Oregon
    Vehicle:
    '10 Sport DC TRD Sport PreRunner
    Cover King Seat Covers, WeatherTech Liners, PopNLock, storage bin locks, N-Fab Step bars, and G4 Elite Tonneau cover.
    Get a quote from a bank or credit union then talk to the finance guy. That's what I do and I usually get the finance guy down a bit to beat the other offer.
     
  9. Mar 29, 2011 at 8:10 AM
    #9
    Richard Cranium

    Richard Cranium The lice...they hate the sugar

    Joined:
    Dec 9, 2010
    Member:
    #47434
    Messages:
    2,489
    Gender:
    Male
    First Name:
    Ted
    Omaha, NE
    Vehicle:
    2013 Raven FR-S
    Forever sideways and smiling :D
    I got 2.9% on my CPO 2010 back in December.
     
  10. Mar 29, 2011 at 8:13 AM
    #10
    wombat

    wombat Well-Known Member

    Joined:
    Mar 3, 2011
    Member:
    #52251
    Messages:
    69
    Gender:
    Male
    First Name:
    Smoke Porterhouse
    North Cali
    Vehicle:
    2017 DCORSB 4x4
    I got 2.9% a month ago on my 2011 Tacoma here in NorCal.
     
  11. Mar 29, 2011 at 11:50 AM
    #11
    hamNswiss on rye

    hamNswiss on rye ¡Yo Quiero Taco World!

    Joined:
    Dec 18, 2010
    Member:
    #47858
    Messages:
    908
    Gender:
    Male
    First Name:
    Nick
    Scottsdale, AZ/Portland, ME
    Vehicle:
    '07 4x4 Access Cab
    OME 885's and billies all around, allpro apex front bumper, Nfab tire carrier, black magic rallye 1000 driving lights, custom back to the future light rack, KC LED Daylighters, PIAA 510 fogs, bed lights, satoshi, 285/70/17 Duratracs
    bought mine in december in New Hampshire...got 2.0%. thought i was going to have to go with the bank's 4.6%, but was pleasantly surprised with the stealership
     
  12. Mar 29, 2011 at 12:07 PM
    #12
    Jefenator

    Jefenator Taco Truck Noob

    Joined:
    Sep 16, 2010
    Member:
    #43328
    Messages:
    147
    Gender:
    Male
    Oregon
    Vehicle:
    2010 2WD Reg Cab Stick Shift
    Last September, State Farm set me up with 4.5% + free gap, then TF stole their lunch with 3.54% (gap extra but I cancelled it after 3 months).

    I'm aiming to pay off my 72-month loan in 12-14 months. That's going to save me a nice big bundle.
     
  13. Mar 30, 2011 at 3:00 AM
    #13
    SoxTacoma12

    SoxTacoma12 [OP] Member

    Joined:
    Mar 19, 2011
    Member:
    #53301
    Messages:
    22
    Gender:
    Male
    Well I brought home the new truck last night.....we actually got 2.89 through Toyota ...I was pleasantly surprised...thats lower than a lot special APRS they have run in the past on Taco's....I have seen 2.9 and 3.9 I think this past fall...Finance manager said it was due to excellent credit score and you get an extra discount for the college grad rebate....
     
  14. Mar 30, 2011 at 6:00 AM
    #14
    Brewman

    Brewman Member

    Joined:
    Mar 28, 2011
    Member:
    #53918
    Messages:
    7
    Gender:
    Male
    Minneapolis, MN
    Vehicle:
    2011 Access Cab 4X4
    Don't get too worried about your loan APR. If you have reasonably good credit, and otherwise qualify, you should be able to fine new vehicle financing for under 5%.
    Here is how the payment would fluctuate:

    Assume a loan amount of $20,000 for 60 months.

    .0% $333
    .09 % 341
    1.9% 349
    2.9% 358
    3.9 367
    4.9 376

    In this example each percentage point increases the payment by less than $10 per month. Over 60 months, it adds up- but most people just look at the impact on the monthly expenses.

    The difference between zero percent and 4.9 percent is about $40 per month, barely enought money for a HALF tank of gas.

    So it's not the end of world, the APR at these low percentages isn't all that huge.

    YMMV based on amount borrowed, etc.......

    So don't sweat it out too much.

    Get a few bids from outside sources, then bring the best offer and let the dealer try and beat it. But don't sweat it too much.
     
  15. Mar 30, 2011 at 8:24 AM
    #15
    PopularGrover

    PopularGrover Member

    Joined:
    Mar 27, 2011
    Member:
    #53817
    Messages:
    7
    Gender:
    Male
    Illinois
    Vehicle:
    2011 TRD OR
    1.9% this past weekend.
     
  16. Mar 30, 2011 at 8:52 AM
    #16
    Jefenator

    Jefenator Taco Truck Noob

    Joined:
    Sep 16, 2010
    Member:
    #43328
    Messages:
    147
    Gender:
    Male
    Oregon
    Vehicle:
    2010 2WD Reg Cab Stick Shift
    You're darn right it adds up over 60 months. "Most people" are unwise to just look at the monthly sum, IMHO.

    Each percentage point added in your example adds roughly what I earn in a week.
     
  17. Mar 30, 2011 at 8:55 AM
    #17
    patpatpat

    patpatpat Well-Known Member

    Joined:
    Mar 5, 2011
    Member:
    #52399
    Messages:
    94
    Gender:
    Male
    Vehicle:
    '11 Prerunner SR5 4cyl 2WD DC
    Recent college grad - 3.94% with $1,000 rebate :)
     
  18. Mar 30, 2011 at 8:56 AM
    #18
    jrdbrn

    jrdbrn Well-Known Member

    Joined:
    Aug 10, 2009
    Member:
    #20973
    Messages:
    1,498
    Gender:
    Male
    First Name:
    Jared
    Louisiana
    Vehicle:
    '21 TRD Off Road
    I got scrood at 6.9%
     
  19. Mar 30, 2011 at 9:12 AM
    #19
    Stuardoslls

    Stuardoslls Well-Known Member

    Joined:
    Mar 21, 2010
    Member:
    #33688
    Messages:
    232
    Gender:
    Male
    First Name:
    Stuart
    Hawthorne, CA
    Vehicle:
    2012 Double Cab 4x4 TRD Offroad Package
    Just Rims and Tires: FJ Cruiser 16" wheels w/ 265/75/16 BFG KO2's
    Hey man I am a manager at a Toyota store in L.A..... Toyota stopped matching other banks last year. The best rates they are offering (In L.A.) is 3.9% for 60 months. Toyota offers different regions different % rates but your 4.1% is right there. If you do go with an outside bank you will LOSE the college grad rebate, wich wouldnt help. BUT It cant hurt to ask the finance manager about the rate. But youre getting a great deal and the difference between 4.1 and3.9 is probably just $0.50 a month. Enjoy your new truck...:taco:



    Anyone looking to get a new Toyota feel free to PM me... Even if I cant sell you the car. I will try to get you some information to help you out.
     
  20. Mar 30, 2011 at 9:15 AM
    #20
    gooch14

    gooch14 Well-Known Member

    Joined:
    Dec 20, 2010
    Member:
    #47968
    Messages:
    2,712
    Gender:
    Male
    First Name:
    Kyle
    Michigan
    Vehicle:
    2011 Blk DC Taco SR5 4x LB
    Bestop, Child Seats, petrified french fry, dog hair, empty Mtn Dew cans cracked windshield, scratches.
    quoted me in December 2.9 through toyota. Then a credit union matched it but went up only .1% for an extra year of financing. we went with 72 months for the .1% and just make the bigger payment and don't if it's a tight month.

    moral of the story...2.9% through toyota was quoted to me in December
     

Products Discussed in

To Top