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Toyota Financing Deals

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Toyota Financial Services at a Glance

Best for: Those who want to buy or lease a Toyota

Starting APR
0.00% APR and up
Loan terms
24 to 72 months

Toyota Financial Services (TFS) is the lending arm of Toyota, offering leasing, financing, rebates and low-APR deals on its vehicles. If you want a Toyota, make sure you check out the deals online before you head in. Advertised interest rates can start as low as 0.00% APR but they require a high credit score to qualify, typically 740 and up. Other incentives, such the bonus cash rebate, may be available to you without financing through TSF.

How Toyota Financial Services works

TFS offers car loans on its new, used and certified pre-owned (CPO) vehicles, and leasing on its new models. You can apply for Toyota financing directly on the Toyota website, or a Toyota dealership website or apply in person at a dealership. You can use a TFS offer at any Toyota dealership, but you can’t drive across town and use it at the dealership of another automaker, such as Kia Motors Finance.

Buying a Toyota

Toyota financing rates can start at 0.00% APR; loan terms range from 24 to 72 months. Here’s a car payment calculator if you want help with some math.

When you are seriously looking to finance a car, we strongly recommend that you get at least one auto loan offer as a preapproval, without a dealership as the middleman. It won’t hurt your credit score to apply to several lenders any more than it does to apply to one as long as you submit all applications within two weeks. The three main U.S. credit bureaus allow a 14-day time window for consumers to rate-shop.

Leasing a Toyota

Toyota leasing allows terms of 24 to 72 months (36 is the most common), and annual mileage of 10,000, 12,000 and 15,000.

One of the biggest benefits of leasing is that it can allow you to drive a new car without a huge payment, but there are some drawbacks. Repeatedly leasing new vehicles is more expensive than buying one and sticking with it. Here’s more on leasing versus buying.

Toyota financing deals

  • 0% or low APR. You could qualify for a 0% or otherwise low APR financing deal.
  • TFS APR Cash. This rebate can be worth $1,000. You typically can’t use it in conjunction with a low-APR offer, and you must finance with TFS to receive it.
  • Bonus Cash. You don’t have to finance with TFS to get this type of rebate, which can be worth $500.
  • Military rebate. Active, reserve, retired, honorably discharged veterans within 24 months of their discharge date and their household members are eligible for $500 Military Bonus Cash.
  • College Grad Rebate. Students who graduated within the last two years or who will graduate within the next six months, and have proof of current employment are eligible for $500 bonus cash.
  • Toyota Mobility Assistance Program. Customers with permanent disabilities can get up to a $1,000 cash reimbursement for the purchase and installation of adaptive vehicle equipment.

Pros and cons of Toyota financing

Pros Cons
Convenience. Applying on the Toyota website or in the dealership can be super convenient.

0% financing and rebates. You may be able to score a deal.

Toyota dealerships only. A Toyota financing offer is only good at a Toyota dealership.

Offers change frequently. Rebates and low-APR deals can change every month, so a deal may not be around for long.

Alternatives to Toyota financing

Toyota dealers accept third-party financing. Consider applying to your local credit union, bank or online lender so you can have better negotiating power.


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