Toyota financing - what rates are you seeing on Tacoma?

Now that my truck build is fast becoming a reality I have decided that with interest rates as low as they are I'd rather save the cash to invest in things like more ammo, another SBR build and I'm in the market for a title 2 FAL. You know - investments that will stand the test of time and SHTF. What kind of rates is Toyota offering? There is zero info of course even getting pre-approved they provide jack squat. That is kind of a red flag for me as I can get a good APR quote from a number of other sources including my local bank that will do 1.9% at 60 months. I have a FICO in the 850 range.

 

Toyota matches rates. Find a good rate and then take proof into the dealership.

 

0.9% for 48 months for my truck when I bought it but then again it was a 2nd gen

 

What year was this?

 

Match? Or beat? If I'm getting 2.5% from my credit union and the dealership offers me 2.5%, I'm sticking with the credit union. And they'd have to beat it by at least half a percent.

 

850 Being the max score provided by FICO (IIRC) so that's not bad...

Not sure it would matter on a newly introduced product but, Toyota does a 2% hold back on the sale and a 1% hold back on the finance. So, in a perfect world, there could be more price flex if you finance through TFS.

 

The maximum score held by a U.S consumer is…834. There are consumers in New York, Florida, New Jersey and Pennsylvania who have achieved that score. Source

You made me curious

 

2013

 

Fico runs to 950. Either way it's top tier as far as credit is concerned. I think I have an 857 Fico and 753 from Equifax or whatever

 

Exactly my point.

I fall into the camp of trying to do away with any concern of my credit score or at least not having to care what it is...

 

Guess you missed my source. 850 is the max FICO and 834 is the highest ever gotten, though I wan't aware of that until I googled it .

 

Industry spec vs. base score. To achieve above 850 one would need to make specific application. And for some reason I was thinking industry spec was 900 max.

 

I'm going to use Bank of America @ 1.9%

 

credit unions are great.
Something also to consider, Credit Unions GAP insurance is much cheaper. Dealership will hit you with around $900.00 compared to $400.00 at a credit union. Difference being, credit unions only refund with in 60 days. Dealership refunds balance not used if you sell or trade early. You have to ask for refund and fill out forms, I've done it several times in the past before I joined my credit union.

 

Not being a dick, just some words of wisdom. If you can't afford to put enough down to remove the need for GAP, please consider waiting. It is not about the cost of GAP or anything like that, it is just a sign that you are riding the fine line of financial responsibility a bit too close.

 

Fico has different scores depending on the loan I believe. I can't remember what exactly but there are several different max scores depending on what you're looking at. My credit union has my Fico score updated every few months and it was over 850 with a max of 950. Usaa use experian I think which gives my score as754 just depends what source you use

 

I see what you are saying. Those are not technically FICO scores, just credit scores. FICO is a specific scoring agency, but the term is tossed around in a generic way like skil saw/crescent wrench/ufc fighting etc. Not being nitpicky, I just was curious when the poster said 850 was the max and it apparently is -- with FICO.

 

Score is irrelevant. What really matters is that you make the best tier for financing. I would just trade in and pay the difference but I have to finance through Toyota for the military rebate. If they will give better flexibility for using Toyota financing then that would be cool too. I'm gonna get a few trade appraisals at local dealers, keep them in my back pocket and work the trade at the dealer I plan to buy from, without letting them know I have a truck on order. If I can get them to beat the best offer that would be sweet. Even better if they'll match what nada has for a clean trade

 

FICO provides a base score for non-specific credit and the max is 850. If one make specific request such as a mortgage or auto loan than the finance company gets a specific number designed to reflect ones rating for that specific loan which can be higher (up to 900 iirc).

 

I went through Toyota instead of USAA like I originally planned. I believe my interest rate was 2.8% for a 12-month loan. Paid it off in 10 months and haven't looked back. This was last September.