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Star
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23
Toyota offers 0% APR for 11 models !!!!!
Star
submitted on 10/03/2008
Official AutoSpies Timestamp: 1:31 PM
from: www.forbes.com
[38] user comments
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Toyota offers 0% APR for 11 models !!!!!
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.
Read Article
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Star
- 10/3/2008 1:33:46 PM
+1 Boost
Ha, ha, ha...paging Huu76...ha, ha, ha.....
reply to this comment
Agent009
- 10/3/2008 2:34:27 PM
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+6 Boost
called move em out!
M35MT
- 10/3/2008 2:53:39 PM
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+5 Boost
You guys are both tools.
StarSearch
- 10/3/2008 4:29:20 PM
+6 Boost
yeah, because when BMW was offering 0.9% last month on all 08' models that was out of the goodness of their heart.
sector
- 10/3/2008 6:10:23 PM
-6 Boost
Only difference Star is that BMW started giving cars away when we weren't in a recession :)
Sp33drac3r
- 10/3/2008 2:55:31 PM
0 Boost
Whats really funny is the only people who can qualify for the zero interest loans don't drive toyota's
reply to this comment
Agent009
- 10/3/2008 2:59:31 PM
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0 Boost
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!
M35MT
- 10/3/2008 3:03:22 PM
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+3 Boost
720 = perfect credit
Anything between that and 900 is just a measure of buying power.
hao420
- 10/3/2008 5:06:04 PM
+1 Boost
I only got 706.......
Maverick2020
- 10/3/2008 5:58:51 PM
+2 Boost
"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."
M35MT
- 10/3/2008 7:49:53 PM
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+3 Boost
I was wrong it's 850 not 900
cbro980
- 10/10/2008 12:15:04 AM
+1 Boost
Wrong, I have a Prius and a Lexus LS 460L
M35MT
- 10/3/2008 3:04:23 PM
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0 Boost
GM has offered 0% for 72 months, for several months now. On an employee price at that.
reply to this comment
91z4me
- 10/3/2008 3:59:07 PM
+1 Boost
Not currently though.
topneuro
- 10/3/2008 3:26:23 PM
+5 Boost
Star will not qualify, maybe try the "BMW way" and lease one Corolla instead.
reply to this comment
sstainba
- 10/3/2008 4:22:07 PM
+2 Boost
720!= perfect. and credit scores don't go to 900, the max is 850.
reply to this comment
topneuro
- 10/3/2008 5:18:43 PM
+2 Boost
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.
reply to this comment
Maverick2020
- 10/3/2008 5:36:38 PM
+4 Boost
You know it's a bad market when Toyota does 0% APR.
reply to this comment
enthusiastx11
- 10/3/2008 7:15:25 PM
+10 Boost
oh huu!? where are you? we need you to explain why toyota needs to provide FREE financing for its vehicles.
reply to this comment
enthusiastx11
- 10/3/2008 7:15:30 PM
+9 Boost
oh huu!? where are you? we need you to explain why toyota needs to provide FREE financing for its vehicles.
reply to this comment
JWalkerLegrande
- 10/3/2008 7:22:27 PM
+5 Boost
On top of the 0%, what is the rebate on the FJ Cruiser ?
They are selling slower than a second-hand Aztek.
reply to this comment
topneuro
- 10/3/2008 7:30:27 PM
+2 Boost
Be patient enthusiastx11, maybe you will get it when BMW is next to go for 0%.
reply to this comment
enthusiastx11
- 10/3/2008 7:35:08 PM
0 Boost
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.
sector
- 10/3/2008 8:06:22 PM
-11 Boost
don't be so sure, BMW is expecting a 40% profit loss for '08, I won't call that "done far better"
S4cabriofoxone
- 10/6/2008 12:42:49 AM
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+2 Boost
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.
topneuro
- 10/3/2008 7:39:44 PM
+1 Boost
BMW’s 0.9% APR Financing 05/2008 through 10/31/2008 for 60 months is nowhere close to 0%.
reply to this comment
CRS2112
- 10/3/2008 7:42:43 PM
+1 Boost
It is closer then 1.9%
huu76
- 10/4/2008 12:38:56 AM
-10 Boost
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
reply to this comment
QuantumMatrix
- 10/4/2008 4:17:41 PM
+1 Boost
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...
enthusiastx11
- 10/6/2008 12:39:47 PM
+2 Boost
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?
AutoSupplies
- 10/6/2008 10:29:28 PM
0 Boost
Huu actually brings up some food for thought and backs it up with references. Where is the fault in that?
StarSearch
- 10/7/2008 3:56:30 PM
0 Boost
...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!
huu76
- 10/7/2008 11:19:13 PM
-1 Boost
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.
reply to this comment
QuantumMatrix
- 10/9/2008 8:55:49 AM
+1 Boost
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..
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