Third Gen Financing Rates

I was able to get 1.7% for 60 months through Toyota with a 12k downpayment. I was looking to be under 2% and told them the credit union was offering 1.7% (which was true, I hadn't applied for it though but they were offering it )and they matched it.

 

I got 1.99% for 65 mo. At the time AAA seemed to have the best rates for the 72 mo loan (which at the time I was considering as I'd rather have the flexibility of a low payment as the fall back and pay considerably more each month) @ 2.49%, but the local dealership was able to beat it with a shorter term. There came a point where the monthly payment vs interest almost came out in the wash.

I only financed less than 1/3 of the truck and had Tier 1 credit. AAA has always had the lowest advertised rates around where I live (I'm not sure if any of the online-only credit unions had better rates) so I would leverage those against the dealer to force them to at least match for me.

 

1.0% through the dealer last fall - 60 months

 

1.49% for 60 months with School's First Credit Union

 

Go through a local credit union. My CU has had .99% for 3 years in a row now.

 

You should always get a better rate from your local bank or credit union. Everyone knows that Toyota Financial Service is a third party company right? They have nothing to do with Toyota and usually the dealer will make part of the percentage rate that you are paying.

 

My bank (Chase) was going to give me 2.25%. When I went to finance Toyota asked if they could beat that would I finance with them. They gave me 2.1% for 60 months.

 

Yep, that's what I got, 2.25% from Toyota Financial. I argued and argued with them about a lower interest rate because I got 0% from Subaru when I bought my Outback and have great credit, but they said no way they'd do that on a Tacoma when they were practically selling themselves back in October when I bought it. Most of the dealerships in Denver didn't even have any in stock.

 

Your rate sounds great. I got a 3.2% loan through my credit union because I took a longer loan, my credit is shite, truck buying happened way too fast and I didn't have time to put enough money away. If my credit was better and I took a shorter loan it would have been 2%, and if it was really good 1.5%. Credit unions are the way to go if you can't get incentives.

 

3.2% is damn good for someone with horrible credit and a long term on the loan and little/no down payment.

 

My credit rating score is 769, which of course is good. I bought my truck at Fremont Toyota which is in California. My down payment was 19k and I owe 13k. There were no incentives and they told me that they couldn't get me a good rate so they sold the loan I guess to Chase Bank at 2.9. I went to my credit union and their best was 2.4 for 60 mo or 1.9 for 36 mo. Go figure

 

My credit union had 1.59 with automatic payments from your account for 60 months.
2.10 for 72 months.

 

Exactly why I went through my credit union. I literally walked in with $100 and said "here's my union card. I need to open a checking account and apply for a loan."

 

2.6% 72 months Toyota, refinancing free with credit union 1.9 72.

Matters not, we will pay off truck this year because fk HATE debt!!!

 

Nothing wrong with financing 72 months man, we always do and pay off way early. Gives you much better flexibility in case of health issue or unexpected unemployment.

 

2.2% through Navy Federal and was pretty much stuck with them because of waiting to get a letter to ship the truck to Hawaii.

A dealer I walked out of offered me 0% over 60 months, but it was on an otherwise terrible deal.

 

My credit score is around 800 and best Toyota gave me was 2.3 for 60 or 2.6 for 72.

Reason being they lost on sale.

 

It's all good, 2% is nothing. Don't sweat it.