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Finance rates Tacoma ?

Discussion in '2nd Gen. Tacomas (2005-2015)' started by pauldotcom, May 14, 2012.

  1. May 14, 2012 at 4:21 PM
    #1
    pauldotcom

    pauldotcom [OP] Well-Known Member

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    Paul
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    OEM Roof Rack
    Can anyone tell me the best rate they recently got on a new Tacoma with excellent credit? 60 months - thanks - just looking for a bargaining tool

    Paul
     
  2. May 14, 2012 at 4:36 PM
    #2
    MSU Spartan

    MSU Spartan Well-Known Member

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    Just did mine last week thru Huntington Bank. I can't remember exactly, but it was either 2.53 or 2.59%
     
  3. May 14, 2012 at 4:37 PM
    #3
    arrrghhh

    arrrghhh Well-Known Member

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    2.75% here, just refi'd from 5.75...
     
  4. May 14, 2012 at 4:37 PM
    #4
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    Large Red

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    1.74% at my local credit union a few weeks ago.
     
  5. May 14, 2012 at 4:37 PM
    #5
    TacoLife08

    TacoLife08 Well-Known Member

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    Thats an Amazing rate! i got 3.94% on my 08 and thought it was great.
     
  6. May 14, 2012 at 4:40 PM
    #6
    Raz4back

    Raz4back Well-Known Member

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    Benton, Arkansas
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    I bought mine April 2nd and TFS's rate was 3.99. I went through my wife's credit union and ended up with 1.99.
     
  7. May 14, 2012 at 4:43 PM
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  8. May 14, 2012 at 4:50 PM
    #8
    bubbagumps

    bubbagumps Well-Known Member

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    The lending rates fluctuate, as well, so the best rate this month may not be the same next month. It also depends on how much you are financing and the term.

    You don't have to use the dealer, BTW. You can find your own credit union or insitution that gives the best rate. The dealer will only you give the best rate from among their affiliates.

    The current national avg for a 60 month auto terms is 4.47%. If you have really good credit(800 and above) you can likely find a lender to give you a loan for less than 2%--especially credit unions.

    Anything between 750-800 you probably can get a loan between 2.5% and 3.0 % Anything worse than 750, you are looking at probably 4% and higher, the lower the score, the higher the rate.

    Basically, anything under 2%, you got a good interest rate. Anything above 2 is so-so. Avod the dealer if at all possible. You will not come away with anything under 2%, unless it is a special 0% incentive offer or something of that nature. Most buyer don't realize that they may think they got a good deal on their vehicle but they got raped by the dealer on interest rates. The dealer makes much of their profits this way.
     
  9. May 14, 2012 at 5:11 PM
    #9
    tacoma.nut

    tacoma.nut Well-Known Member

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    1.74% at my local credit union a few weeks ago.Dang...who is your credit union?


    __________________
     
  10. May 14, 2012 at 5:17 PM
    #10
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    Large Red

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    I use both of these credit unions, one has a good interest rate for checking / saving, the other I can never find a better deal when I want a car loan, motorcycle, personal loan.. etc. I just refinanced with JSC credit union though to answer your question.
     
  11. May 14, 2012 at 6:44 PM
    #11
    AaronArf

    AaronArf Well-Known Member

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    I drive a civic...
    1.79% on my Tacoma through Navy Federal Credit union :D
     
  12. May 14, 2012 at 6:51 PM
    #12
    Pavehawk

    Pavehawk Member

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    Toyota Financial matched my USAA at 2.25%. I saw 1.99 at Pentagon Federal CU if you have access to them.
     
  13. May 14, 2012 at 8:47 PM
    #13
    zul

    zul Professional Goofball

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    USAA quoted me 3.49 last December on a 60 month loan, dealer countered that with 2.99% when I bought it so I went with TFS. I have an excellent credit rating... it'll drive you crazy to watch the rates go up and down so your best bet is to figure out how long you want the loan for, then search out the best rate at the time you want to buy. Remember you can walk into the dealer with financing in hand - you dont have to finance through Toyota.
     
  14. May 14, 2012 at 9:41 PM
    #14
    ZonKs

    ZonKs Can speak french in Russian.

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    =p
    3% for 72 months. TFS.
     
  15. May 15, 2012 at 3:47 AM
    #15
    pauldotcom

    pauldotcom [OP] Well-Known Member

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    OEM Roof Rack
    Thanks for the advice. I am going to use my bank against TFS. I am just looking to secure 3.0 %; but we will see! Thanks again for the feedback
     
  16. May 15, 2012 at 4:22 AM
    #16
    Primersinmyshoe

    Primersinmyshoe Old Sheepdog

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    TFS interest rate for me was 1.9% in 2010.
     
  17. May 15, 2012 at 5:05 AM
    #17
    mrw3685

    mrw3685 Well-Known Member

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    Toyota in 2008, 0% for 60 month.

    Only way in hell I'll ever buy a new car.
     
  18. May 15, 2012 at 6:04 AM
    #18
    Nubes

    Nubes Tacoma Addict

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    1.99% from Toyota about 10 months ago.
     
  19. May 15, 2012 at 7:12 AM
    #19
    grhopper

    grhopper Well-Known Member

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    Get a letter from your bank/credit union with a pre-qualified rate and bring it with you, but don't tell the finance guy. See what rate he quotes you. If it's lower than what you have, go with it. If it's higher than what you already have tell him the rate that you have and see if he can beat it. If he just matches it, tell him that it's easier for you to go with your bank since you already do business with them. Make him beat your rate be enough to make it worth it to you. Don't forget to ask your bank if they offer a discounted rate for auto-payment.
     
  20. May 15, 2012 at 12:40 PM
    #20
    yakker1982

    yakker1982 Active Member

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    Dealer beat quotes from TechCu and USAA. Got 2.89% for 60 months from dealer
     
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