Toyota Financing
Toyota Financing questions and answers
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Q: Transfering financing from Toyota to one's own credit union?
I purchased a car yesterday and went with Toyota's financing. However, I am thinking that I'd rather go with my own credit union's financing. I will go to my credit union and ask, but since no one is there on Sunday, I was wondering if anyone knows if it's possible to change my financing from Toyota to my credit union?
A: ABSOLUTELY. Just bring the paperwork in to your branch and they'll handle it. I have done a refi on my Toyota three times now, each time with a better rate and lower monthly payment. :)
Q: Is lexus financial and toyota financial the same company?Do they use the same financing?
My car is financed through Toyota financial motor credit. Toyotas and Lexus I think use the same company. Will it be easy to get financed through them since I have toyota credit? thanks
A: Yes they are the same company. Lexus is just a Brand used for marketing the luxury line specifically in the U.S.
Not sure about your credit question. Though I would imagine a good history is always helpful.
Q: Dumb question ,but would Toyota offer special financing to someone who bought a Toyota'08 from private party ?
I know Toyota Financial offers special incentives to people who buy from dealers but I wasn't sure if this was available to anyone who bought from private parties . Hopefully there will be someone here who may know the answer to this question . Since it's Sunday I can't exactly call Toyota and ask them .
A: No, that's only with Toyota to buy new vehicles. Why don't you get a new Toyota? Sales are slow and they're cutting prices like crazy. You'll probably get just as good a deal for a brand new car.
Q: Is and or why is the Tundra the only Toyota with 0% financing? I do not really need a truck as big as the Tu
Is and or why is the Tundra the only Toyota with 0% financing? I do not really need a truck as big as the Tundra but who can pass a Toyota with 0% financing? I was thinking of a stick shift (but I live in the Chicago area and there is only auto) v6 (cheaper and mpg) regular cab (cause it’s smaller and cheaper) 4x2 Tundra. Is the current Tundra made in Indiana? Other then the size and the fact the Tacoma has that plastic bed, I really don’t see any difference between them. Anything else I should know? I know this is a lot but thanks for reading.
A: Did you fall and hit your head recently or have you always been stupid???
Borrow money to buy a vehicle??? What are you NUTS? Cars lose value. NEVER borrow money to buy things that go down in value. That is just STUPID! ALWAYS pay CASH for cars. What's that? you dont have that much cash? OH that means that you can't afford it! Toyota trucks last a long time...just like american trucks last a long time. So...Why not buy a good used one? Take whatever amount of cash you have, add that to the value of your current vehicle...and PAY CASH for a good Used Toyota Tacoma in that price range. Then take that money you are thinking about making a payment with...and have your bank AUTOMATICALLY WITHDRAW that amount into a separate Savings account.
After you have enough cash saved in that account, PLUS the value of your current truck to pay cash for a New one...Then buy a NEW truck. Then start the cycle over saving cash for the next one.
This is how intelligent responsible adults do it. Children in Adults bodies who want it NOW finance cars. Be a Grownup with your money! Besides...They ride better when Paid for!
Q: i just bought a 2007 Toyota Corolla S and financing it for 5 yrs. Is there any way I can break that contract?
I just bought a 2007 Toyota Corolla S and decided to finance it for 5 yrs. Is there any way I can break that contract? I made the mistake of impulse buying the car but what I was really interested in was the 2008 Nissan Altima Coupe. I've had the car for less than a week but was just wondering if there was any way of breaking my contract without being penalized. Please let me know if you have any advice.
A: No. ONly chance is to go back to the dealer and see if he can work something with you.
Q: I may be moving to Scotland from Canada. Currently I am financing a car with Toyota, how do I get out of that?
Do I need to find someone to take over the finance? Or am I stuck paying for the car until the end of the agreement?
A: Find someone to take it over
Q: financing options for toyota prius?
can somebody give me two financing options to consider for financing the cost of a toyota prius? can you please list the sources that you got the answer from please?
A: 1-Your Credit Union
2-Your local bank
3-Toyota Financial Services
4-Capital One
Q: Purchase Financing and Toyota's?
I'm a new buyer when it comes to cars.. anything else.. I'm Einstein! So I need some help :D I'm a little unsure what the deal with purchase financing is, I'm interested in getting a Toyota Yaris because their fuel efficient and seem to be getting great reviews. So their purchase financing for a 2008 model is 0.9%. Any advice? Oh and if you've ever owned one fill me in on how it runs I'd love to know :D thanks
A: you mean you can get a loan for the car at 0.9% APR, or did you really mean to say 9.0% ?????
0.9% is a great rate! If you can pay cash, that's even better
Q: Financing and cash back incentives for Honda or Toyota?
I'm in the market for a new Honda or Toyota minivan. Honda currently is offering 3.9% over 60 months. '06 Toyota Siennas are 0% but are all sold out. I don't need the vehicle right away and am willing to wait for a good deal. I know Honda and Toyota don't offer nearly the same incentives as American companies. I understand that there is no crystal ball but what have they offered in the recent past? When do they offer attractive financing and/or cash back incentives? At the end of the model year? During Auto Show week (here in Chicago). Can I expect Toyota to have 0% at the end of the model year next year? Is the 3.9% for 60 months the best I can do with Honda?
A: yes u wont be hurt waiting, around this time every year they have sales to get rid of older models, i see ur here in Chicago too...what u can do is wait for the auto show and after the auto show is over the sell all the cars there at a nice discount, but they will all have big sales during on during the auto show.... 3.9% is good but 0% is even better.....i say wait for the Toyota, or call around to dealers that are maybe in Indiana and the little one time drive will be worth it...Nissan isn't giving any special savings on there quest mini van...
Q: How long will it take to get the title from Toyota finance once the lein is paid off?
A: This is a question best answered by Toyota Finance. Contact them and ask.
Q: financing a toyota!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?
is there anything else I need to know about financing a car if im turning 18 june 1st? Im putting down roughly 2600 $ and have a checking acct in my name, I make about 450 $ a week before taxes and will be at my job 1 year and 2 months when I plan to finance on my birthday. Is there anything else I can do to help myself? if it helps I want to get an 04' toyota camry, or at least around there i dont want to be making payments on a car thats not worth it. anything would help thanks!!
A: If you're just turning 18, you probably don't have any credit established. Without any credit history, and without a credit score, you fall within a risk category for the banks. Unfortunately that usually means that you might be faced with a relatively high finance rate.
You may want to see if your local bank might overlook that circumstance. Otherwise to get the best terms you might want to have one of your parents be a co-applicant for you on the loan to qualify you for better terms.
Toyota does have a recent college graduate program for first time buyers, but unless you're graduating college in the next 6 months or have graduated in the last 24 months you would not qualify for that.
There is nothing that states that you HAVE to use the financing that the dealership offers but they may have leverage to get you better terms than your local bank. Just compare what you can get yourself to what they offer before deciding.
Worse case scenerio is you get a loan at a higher rate initially, keep it in place for 9-12 months to get your credit established and then re-finance it for lower rates that you should qualify for then.
Also keep in mind that the more downpayment you have, the less the amount that you borrow and regardless of the finance rate you get, the lower the amount of interest you will have to pay.
Hope this helps.
wnyken
Q: HI. I want to buy a new toyota 4runner. How can i find the best financing rates with all these rate cuts?
A: Baby, you should search at Auto Trader.com. They usually have some good stuff in there. Try it. Hope you get what you're looking for.
Q: I want to buy a new 2007 Toyota Tundra and they have a special financing deal on o% financing or 3000 cash ba?
which one should I choose? 0% or 3000 cash back? Thanks for your help.
A: Man, there is a lot of bad advice on here... The answer to your question, however, requires a little more information.
If you plan on keeping the car for just a few years, the $3000 cash back will lower the total payoff on the car when you decide to trade it in. You will be paying interest, but not the full $3000, so your net equity would be higher.
If you plan on keeping it for the life of the loan, then take the 0%. Also, if you can't qualify for a good rate by using your credit, take the 0%. Someone earlier mentioned something about interest accruing on a 0%, but that ia absolutely wrong. There is no interest...it's 0%. All of your money goes to pay the purchase price of the car, and nothing else. You'll save in the long run, but to get the full benefit of 0%, you have to keep it a while.
So the basic answer to your question is this... keep it a few years, take the rebate. Keep it 5 years, take the 0%. The payment will be lower on 0% for most vehicles, but it's the equity position you need to think about.
Q: 0.0% apr financing with toyota when buying a new car ?
is this true or just a bunch of b.s. im pre approved and have a perfect credit score.
A: It is true. Toyota is offering 0% interest for 60 months ... if you want a 4Runner, Sequoia, Sienna, or Tundra. They're also offering 0% on the Matrix for 36 months.
J. Dogg ... do yourself a favor. Buy the Toyota before you have a coronary. You've been asking about this in two other posts and it's probably keeping you up at night too. If you want any of the models listed at 0%, it's for real. It's 0% APR for 60 months. Buy it and enjoy it instead of stressing out and ending up on Zoloft and Seroquel. =)
Q: should i trade in my 2006 toyota corolla for a 2008 BMW lease?
It would be for 36 months and roughly the same payment.
I bought the toyota (am financing)
A: Leases have a lot of hidden costs and huge fees at the end of the lease. Be careful what you sign. Mileage overages can run several thousand dollars when you turn in that lease. In 2 years you might want something else again and it will be next to impossible to break that lease early. Leases also require huge down payments.