Toyota historical incentives

My 2022 Limited is scheduled to be delivered in July. I am trying to protect what kind of incentives I might be eligible for when I take delivery, if any.... Does Toyota typically offer any type of incentive, such as 0% financing in July? Or should I just plan on nothing...?

 

Nothing for a Tacoma. Looks like 2.49% on Prius, etc. They usually do special financing/incentives on vehicles they're trying to move. But, I doubt 0% will ever come back.

 

I would plan on there being no incentives. Low supply and high demand equals the dealership bending you over without lubrication...

 

Doubtful these days, especially on a taco. I recall seeing 0% on some other, less popular models in the past, but I can't say I remember any screaming factory interest rates on Tacomas ever. I'm in Northern CA though, don't know if that could make a difference, the taco market has been very strong here for years

 

I thought I saw 1.75% for 48 mos. but that number does not look right.

 

Yes it is 1.75% for 48 months right now 2.49% for 60

 

I think I got my 2021 last year at 1.75%, which I was livid about - I put down over 20k in cash
and my credit score is heavenly. I'll pay off the balance in the next 6 months or so and be done
with it. I remember getting the 2017 Forester for 0% with 10k down.

 

Interesting… In Canada, the rate is fixed and not negotiable, no matter how much down payment and credit score (as far as I know, Toyota Canada Financial Services controls that). The only thing you can do is secure a lower rate with a contract before the rates are raising in the next month (if you’re within a reasonable range of weeks to receive your vehicle).

Unless you get a loan from your bank or somewhere else (highly doubt you’d ever get 0% from these sources, though - 0% from Toyota is never 0% as they charge a small credit fee with 0% interest rate).

And as it’s an opened contract (the one from Toyota Canada Financial Services), you can reimburse faster, but it won’t cost you less (e.g. they have added the interest rate and credit cost in the total and divided it by the number of payments - if you pay faster, they won’t remove anything, so it’s not an economical decision to pay faster unless you need to clear the debt for whatever reason).

 

I see on their website they offer either 1.75% or 2% financing sometimes but it's always tied to specific models and years of the deal. I went to my credit union and got way lower then Toyota was offering me and at the dealership I felt cool because I paid with a check......

As for other incentives with low supply high demand I doubt it, dealership wanted me to finance through them and I'd get a $250 gift card to a local restaurant. I just wanted a Toyota hat too and they said they would have to charge me......as I'm driving out in a brand new truck.

 

Your incentive is receiving a Tacoma!

 

The only time I have ever seen Tacomas offered with 0% financing in my life (at least here in California) was in April/May 2020 when everyone was under lockdown and nobody was out test driving new cars. So Toyota was offering pretty much every model at 0% if you had decent credit. I thought about buying a Taco then, but it just wasn’t the right time financially for me. By the time I was ready to buy in Nov. 2020, the best interest rate they offered was 2.75%, which I got… but then went to my credit union a week or 2 afterwards and refinanced it to a 1.9% loan.

 

I bought my toy car from Chevy at the very beginning of the lockdown and got a sweet 0% deal with $30K down.

 

Putting so much down probably hurt your ability to negotiate the rate. While it can be viewed as less risky for the dealership, they don't look at it that way.

 

Nothing. You will be lucky to pay MSRP. This is not a Jeep or a Ford.

 

True, they don't have the opportunity to 'make' on the interest... and they figure ( correctly ) that I'll probably just
pay the balance in the next 6-8 months anyway,.. which I will.