Tacoma O% Interest Financing?

Why most of Toyota lineups have some kind of low or 0% interest but not the Tacoma? The lowest interest rate I have seen on Tacoma was 1.9%. Is Tacoma in such high demand for Toyota to not consider 0% interest to potential buyers with good credit ratings?

 

I think you hit the nail on the head. They have no trouble selling Tacomas so no need for that kind of incentive. I got the dealer to "buy down" my rate to 1.79 because they wanted me to finance with Toyota instead of my personal bank.

 

They sell themselvess ... no incentive needed.

 

That's what I figure, too.

The thing is, I would probably have gone for a new one if the rate had been 0.0%, and not bought a used one.

The cost savings would have been negligible over the life of the loan on the used one at that point (at 2.4% used financing) so may as well go new. I think Toyota is actually losing some sales due to that.

 

+1, I got 1.29 with high credit score but not through Toyota.

 

Bingo, I asked about this when I bought mine ten months ago.
I thought I would be getting 0% for 36 months, that was what the dealer had been telling me all along.
The dealer informed me just before signing the contract me that was on a 2013, I bought a 2014.
It was their mistake, I raised hell about it, they discounted the truck $500 dollars lower than the deal we had agreed on.

I only financed for 36 months, will look at paying off here later this year.

 

Look on the lot you only see maybe 5 on there lots and 50 to 100 of the other vehicles. They don't make as many.

 

The dealer told me that Toyota never discounts the loan on a Tacoma, it was the same way back in 2006 when I bought my first one. I ended up in the low 1.something on my 2013 and it wasn't through Toyota. Its a shame when the dealer is shopping loans outside of its own company to get a better rate, but that's their own fault. I guess if you charge a higher rate, you don't have to book as many to make the same amount of money.

 

I got mine for 1.8% thru a bank that works well with local dealer. far cry from Bank of America giving me 2.6%.

 

I paid cash for my '14 TRD but later learned I should not have pulled that card until after we settled on a price (letting them think I was financing)... next time.

 

This statement is so true.

That's why you rarely see a commercial on tv promoting the Toyota Tacoma hence the 'no incentives' or 0% interest, etc.

 

same reason why you never see a commercial for tacomas...they don't need to because they sell themselves.

 

Reminds me of this

 

IMO same with revealing that you have a trade. My canned statement is "if the deal is on the up and up, a trade will have no bearing on it". I've actually helped a coworked who was trading a vehicle to show him how they were getting his vehicle for free on a trade. Needles to say, his next conversation was much more interesting

 

There's credit unions in Houston that have .99% if you have a 710 score through equifax

 

In Ontario Canada, got .9% over 4 years from Toyota on a new dclb...pretty reasonable.....

 

you have to be careful with those 0% deals. most times to get the 0% you have to pay a higher price for the vehicle. maybe the price that is listed on it on the lot.

 

Kinda fucked up but yes it's true. That's why I go through my credit union for any loan.

 

Looking at goodcarbadcar.com, The Tacoma has the 5th largest sales volume for Toyota in the U.S. behind Camry, Corolla, Prius family and Rav4.

 

I got it for .0%...paid cash and got a great price. I always feel like it gives the dealer the upper hand because they know you want one and don't have the money for it. I got up twice during the negotiation and was ready to walk out...and I would have, but all worked out in the end