23 Votes

Toyota offers 0% APR for 11 models !!!!!

Star submitted on 10/3/2008 Official Bell & Ross Timestamp: 1:31:10 PM

38 user comments | Category: Spy News | Source: | SOURCE: www.forbes.com

TORRANCE, Calif.

, Oct. 2 /PRNewswire/ -- Toyota Motor Sales (TMS), U.S.A., Inc., today announced a zero-percent interest rate offer on eleven Toyota models for qualified buyers. Expiring November 3, 2008, the loan offer varies by model, with terms ranging from 36 to 60 months.

The Toyota models qualifying for this offer are: Matrix, Corolla, Camry, RAV4, Highlander, FJ Cruiser, 4Runner, Sequoia, Sienna, Tacoma and Tundra.

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— Star (View Profile)

User Comments

Ha, ha, ha...paging Huu76...ha, ha, ha.....
— Star (View Profile)

Posted on 10/3/2008 1:33:46 PM | reply to this comment | Votes: 1

called move em out!
— Agent009 (View Profile)

Posted on 10/3/2008 2:34:27 PM | | Votes: 6

You guys are both tools.
— M35MT (View Profile)

Posted on 10/3/2008 2:53:39 PM | | Votes: 5

yeah, because when BMW was offering 0.9% last month on all 08' models that was out of the goodness of their heart.
— StarSearch (View Profile)

Posted on 10/3/2008 4:29:20 PM | | Votes: 6

Only difference Star is that BMW started giving cars away when we weren't in a recession :)
— sector (View Profile)

Posted on 10/3/2008 6:10:23 PM | | Votes: -6

Whats really funny is the only people who can qualify for the zero interest loans don't drive toyota's
— Sp33drac3r (View Profile)

Posted on 10/3/2008 2:55:31 PM | reply to this comment | Votes: 0

Right now I read almost 23% of people in the dealerships can't qualify for any loan.

Minimum score now for a loan is 720!
— Agent009 (View Profile)

Posted on 10/3/2008 2:59:31 PM | | Votes: 0

720 = perfect credit

Anything between that and 900 is just a measure of buying power.
— M35MT (View Profile)

Posted on 10/3/2008 3:03:22 PM | | Votes: 3

I only got 706.......
— hao420 (View Profile)

Posted on 10/3/2008 5:06:04 PM | | Votes: 1

"Kerry Rivera, spokeswoman for Toyota's finance arm, Toyota Financial Services, said the requirements to qualify for the offer include a FICO credit score of at least 650. The median FICO score is 720 on the scale that ranges from 300 to 850, according to a spokesman for Fair Isaac Corp."
— Maverick2020 (View Profile)

Posted on 10/3/2008 5:58:51 PM | | Votes: 2

I was wrong it's 850 not 900
— M35MT (View Profile)

Posted on 10/3/2008 7:49:53 PM | | Votes: 3

Wrong, I have a Prius and a Lexus LS 460L
— cbro980 (View Profile)

Posted on 10/10/2008 12:15:04 AM | | Votes: 1

GM has offered 0% for 72 months, for several months now. On an employee price at that.
— M35MT (View Profile)

Posted on 10/3/2008 3:04:23 PM | reply to this comment | Votes: 0

Not currently though.
— 91z4me (View Profile)

Posted on 10/3/2008 3:59:07 PM | | Votes: 1

Star will not qualify, maybe try the "BMW way" and lease one Corolla instead.
— topneuro (View Profile)

Posted on 10/3/2008 3:26:23 PM | reply to this comment | Votes: 5

720!= perfect. and credit scores don't go to 900, the max is 850.
— sstainba (View Profile)

Posted on 10/3/2008 4:22:07 PM | reply to this comment | Votes: 2

You mean those 0.9% buyers BMW turned down will not be able to get a Toyota either? It must be the end of the world, but we will be ok; thank goodness the Bailout Bill was approved.
— topneuro (View Profile)

Posted on 10/3/2008 5:18:43 PM | reply to this comment | Votes: 2

You know it's a bad market when Toyota does 0% APR.
— Maverick2020 (View Profile)

Posted on 10/3/2008 5:36:38 PM | reply to this comment | Votes: 4

oh huu!? where are you? we need you to explain why toyota needs to provide FREE financing for its vehicles.
— enthusiastx11 (View Profile)

Posted on 10/3/2008 7:15:25 PM | reply to this comment | Votes: 10

oh huu!? where are you? we need you to explain why toyota needs to provide FREE financing for its vehicles.
— enthusiastx11 (View Profile)

Posted on 10/3/2008 7:15:30 PM | reply to this comment | Votes: 9

On top of the 0%, what is the rebate on the FJ Cruiser ?

They are selling slower than a second-hand Aztek.
— JWalkerLegrande (View Profile)

Posted on 10/3/2008 7:22:27 PM | reply to this comment | Votes: 5

Be patient enthusiastx11, maybe you will get it when BMW is next to go for 0%.
— topneuro (View Profile)

Posted on 10/3/2008 7:30:27 PM | reply to this comment | Votes: 2

the whole auto industry is sucking wind in the US. so it's about relative performance.

and, over the past 6 months during which toy/lex has tanked, bmw, mercedes and audi have done far better. of course everyone tanked in september due to a lack of credit.
— enthusiastx11 (View Profile)

Posted on 10/3/2008 7:35:08 PM | | Votes: 0

don't be so sure, BMW is expecting a 40% profit loss for '08, I won't call that "done far better"
— sector (View Profile)

Posted on 10/3/2008 8:06:22 PM | | Votes: -11

That's because of the failing dollar, not because of a loss of sales, numbskull. Less people have been leasing their cars this year so they've probably taken in more cash from vehicle sales.
— S4cabriofoxone (View Profile)

Posted on 10/6/2008 12:42:49 AM | | Votes: 2

BMW’s 0.9% APR Financing 05/2008 through 10/31/2008 for 60 months is nowhere close to 0%.
— topneuro (View Profile)

Posted on 10/3/2008 7:39:44 PM | reply to this comment | Votes: 1

It is closer then 1.9%
— CRS2112 (View Profile)

Posted on 10/3/2008 7:42:43 PM | | Votes: 1

tard-star,
I guess Toyota charging 4.9% and up can't hold off BMW's fleetwide 1.9% forever (12 months and counting). However, with US sales dropping so rapidly, Toyota won't lose much money on it. I think you should wait for more details, for example.
http://www.autoweek.com/apps/pbcs.dll/article?AID=/20081003/FREE/810039990/1530/FREE

"...analysts say Toyota has the deep pockets to afford it..."
"The 0-percent loans are likely to have elevated requirements, meaning many potential customers won't qualify"

You'll notice that all hybrid's, Yaris, Landcruiser, Avalon and Solara are excluded.
www.toyota.com

Not sure why you're so happy, BMW won't be able to compete against Toyota now that they're competing on a level playing field. Oh well, I'm sure Toyota will pay a fair price once BMW goes up for sale.

Here's a dose of reality for you, in Canada where our economy is still good, everyone's sales in Oct tanked but Toyota's went up by 15% and that's with everyone else offering near 0% and Toyota charging 4.9% to 8.5% financing.
http://www.marketingmag.ca/english/news/marketer/article.jsp?content=20081001_164903_14832
— huu76 (View Profile)

Posted on 10/4/2008 12:38:56 AM | reply to this comment | Votes: -10

LMAO!!!!

Poor Huu doesn't have any excuse to trash BMW now!!!

He always knew BMW was superior and now he has lost his only talking point... Much like Sarah Palin!!!

Let's see what kind of baseless facts you can spin up now Huu..

Can't wait to read the new Huu fiction spin...
— QuantumMatrix (View Profile)

Posted on 10/4/2008 4:17:41 PM | | Votes: 1

now it all makes sense, huu. thanks for the explanation.

but how do you explain that toy/lex products are still really boring to drive and look like tin cans?
— enthusiastx11 (View Profile)

Posted on 10/6/2008 12:39:47 PM | | Votes: 2

Huu actually brings up some food for thought and backs it up with references. Where is the fault in that?
— AutoSupplies (View Profile)

Posted on 10/6/2008 10:29:28 PM | | Votes: 0

...because fanboys don't know how to respond, when their entire argument consists of pom poms and rainbows.

You must be new here, this site lives off of conjecture and baseless claims. Enjoy!
— StarSearch (View Profile)

Posted on 10/7/2008 3:56:30 PM | | Votes: 0

Giving everything away? What BMW dealership is that?

11 models isn't an entire lineup. You get 1.9% leases on the richman 7-series or the richer man 1 series.

You can't get any slack when trying to get a deal on a Prius or a Yaris.
— huu76 (View Profile)

Posted on 10/7/2008 11:19:13 PM | reply to this comment | Votes: -1

You can damn sure get 2-4 grand off sticker and that's a fact.

My nephew just bought a new Yaris for 3500 off sticker..
— QuantumMatrix (View Profile)

Posted on 10/9/2008 8:55:49 AM | | Votes: 1

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Toyota offers 0% APR for 11 models !!!!!

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