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post #1 of 13 (permalink) Old 04-12-2019, 03:40 PM Thread Starter
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Toyota Finance rate

Has anyone financed a new hybrid through Toyota financial? The last time I bought a certified pre owned 2013 RAV4 a couple of years ago and they gave me 1.9% rate for 60 months. I’m wondering if they do the same for a new model for well qualified people.
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post #2 of 13 (permalink) Old 04-12-2019, 04:18 PM
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Id try here.


https://www.toyotafinancial.com/us/en.html

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post #3 of 13 (permalink) Old 04-12-2019, 04:52 PM
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Finance rates for rav4 hybrid

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Originally Posted by NJ20 View Post
Has anyone financed a new hybrid through Toyota financial? The last time I bought a certified pre owned 2013 RAV4 a couple of years ago and they gave me 1.9% rate for 60 months. I’m wondering if they do the same for a new model for well qualified people.
Rates have risen significantly since 2013, so it’s unlikely you will get a 1.9% rate from Toyota on the rav4 hybrid. In fact, one buyer who posted on the forum paid over 6% using Toyota dealer financing. You’d most likely do better by financing thru your bank or credit union. If nothing else, you should know the rates available thru these sources before approaching a Toyota dealer about their financing. Some dealers have offered $1000 “cash back” to use their financing, but you need to realize this is not a good deal if you end up paying an extra $2000 in interest or more over the life of the loan compared to what you may have paid thru your bank or credit union.
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post #4 of 13 (permalink) Old 04-12-2019, 05:06 PM
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Toyota finance doesn’t have any specials for rav4s right now bc they don’t need any incentives to sell yet. They’re around 4.9 to 5.9%. I went thru a credit union at 3.24%
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post #5 of 13 (permalink) Old 04-12-2019, 05:32 PM
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My dealer matched my lowest local rate of 4% in December with TFS 4%, so it pays to ask them to match interest rates. My closest dealer said I would have to finance myself with the bank, dealer wanted TFS 5.9% and wouldn't budge, so I went to the other dealer that offered the lower rate thru TFS plus a $1600 discount off MSRP.

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post #6 of 13 (permalink) Old 04-12-2019, 08:24 PM Thread Starter
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I understand. I was looking for a promo they may have been doing for the Rav 4. I actually got the 1.9% rate in 2016 when I bought the 2013 as a certified pre-owned. I didn’t even haggle about the finance rate. I said I want the lowest possible rate and when he ran my credit he said I can do 1.9% and he gave me $1000 off. It may have been a promo because I think they were offering 0.9% for new purchases. I guess those days are over. I don’t mind paying sticker but am looking for the lowest possible interest rate.
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post #7 of 13 (permalink) Old 04-18-2019, 12:52 PM
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I believe the finance APR through Toyota is 5.2xxxx, which isn't wonderful. You can get a $1000 off the price if you finance through Toyota at that rate, but can make a big downpayment to reduce the amount you pay interest on, and can pay the loan off after making three payments. We paid off all but $10 of the RAV4 XLE Premium we bought on Monday, and will pay the rest off after three payments.

So saving that $1000 (minus interest) might help if you finance through another company.

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post #8 of 13 (permalink) Old 04-18-2019, 01:06 PM
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I was told by the dealership where I bought my car that I can pay the loan off within a couple weeks and still have the TFS Cash Rebate Of $1000.00. I confirmed this with Toyota and they said that it is up to the dealership on this. I had to finance a minimum of $5000 but the rest can be a down payment.
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post #9 of 13 (permalink) Old 04-18-2019, 01:45 PM
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TFS interest rates are dependent on credit score and the dealer can give you a rate below the current advertised TFS rate if they're willing, if not, go to another dealer, my local dealer want 5.9%, been a customer there for many years, the other dealer which is about a 30 minute drive away matched my lowest local rate with TFS financing.

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My dealer matched my lowest local rate of 4% in December with TFS 4%, so it pays to ask them to match interest rates. My closest dealer said I would have to finance myself with the bank, dealer wanted TFS 5.9% and wouldn't budge, so I went to the other dealer that offered the lower rate thru TFS plus a $1600 discount off MSRP.

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post #10 of 13 (permalink) Old 04-19-2019, 01:27 PM
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I got a bad rate from my dealer, they said I couldn't refinance for 90 days. Should I call toyota to check on this?
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