Toyota Financing Deals

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About Toyota Financial Services

It’s possible to buy or lease a new or used Toyota through Toyota Financial Services (TFS), the manufacturer’s financing arm, but you’ll probably need fair or better credit in order to qualify. Regardless of credit, you may still be eligible for Toyota rebates. Those with the strongest credit might be able to take advantage of 0% APR financing.

Toyota Financial Services in a nutshell
  • 24–72 month terms for purchases
  • 24–60 month terms for leases

Toyota financing deals

The best Toyota financing deals are typically reserved for the newest Toyota models and for customers with excellent credit scores, typically defined as a FICO score of at least 740.

Toyota 0% financing

Toyota Financial Services regularly offers 0% APR car deals, including 0% financing for 72 months. Remember, these deals are available to those with excellent credit and may not be available on all models or for the term length you prefer.

Toyota low-APR financing

Even if 0% financing isn’t available on the car you want, TFS also frequently offers low APR financing, including on its certified pre-owned (CPO) cars. Deals vary depending on your location. It’s also possible to lease a CPO — more about leasing below.

Toyota rebates

Many Toyota rebates are not dependent on your credit score, but the car you want and your profession could matter.

Cash back

This is a type of rebate that reduces the price of the vehicle. There are several types of cashback deals, some of which you may be able to get even if you don’t finance your Toyota through TFS. However, you might have to choose between a cashback rebate and a low or 0% APR financing deal. You might see terms like bonus cash, holiday cash, offers for existing or repeat customers, or rewards for those who switch to Toyota from certain competitor brands.

Military Rebate

Active military personnel as well as retirees and veterans may be eligible for $500 off when they buy or lease a new vehicle through TFS. You could combine this rebate with other Toyota financing deals, but it’s not available in all states.

College Grad Rebate

If you graduated from an institution of higher education within the last two years or you will graduate within six months, you may be eligible for a $500 Toyota college rebate. You could combine this rebate with other programs, but it’s not available in all states. You would have to finance your car through TFS.

Toyota lease deals

Manufacturer lease deals usually offer low monthly payments, but be sure to read the fine print — some offer lower monthly payments but ask for more money upfront, while others are the opposite. You could choose between one of these deals or the cashback offers below, but all require that you lease through TFS. Most customers will do this anyway, though it is technically possible to set up a lease through a bank or other lender. At lease end, Toyota will give you the option to purchase your vehicle.

Leasing a car can be a smart move, especially if you prefer to get a new vehicle every few years. If you’re thinking about it, here’s more on whether to lease or buy a car.

 

TFS Lease Cash

Well-qualified Toyota lease applicants may be eligible for a lease rebate that reduces the cost of the car.

TFS Lease Subvention Cash

You might be able to reduce your Toyota lease rate by buying it down. You cannot combine TFS Lease Cash and TFS Lease Subvention Cash.

Bonus Cash

Toyota Bonus Cash may also be available on lease deals, but you can’t combine it with the two cash deals, above.

Toyota specials on maintenance

Automakers can offer incentives other than rebates and low APR deals. Some like to sweeten the pot by providing other car-related services to customers.

ToyotaCare

Toyota covers factory-scheduled vehicle maintenance for the first two years or 25,000 miles (whichever comes first) on every new Toyota. But it doesn’t hurt to ask what other perks the dealer, not just the manufacturer, may be willing to put on the table.

Roadside assistance. ToyotaCare includes roadside assistance during the two-year period, no matter how many miles you put on the car.

How to get a Toyota finance deal

1. Check your credit score

The lowest auto loan rates tend to go to those with excellent credit scores, including TFS financing. You can get your free credit score using My LendingTree. You’ll also get free access to credit and identity monitoring, all while finding ways to save on loan payments.

2. Research cars

Narrow your search at Toyota.com where you could sort by model or by the type of Toyota financing deal you’re seeking: lease, finance or cash. Be aware of the expiration date on any Toyota rebate or financing deal.

3. Get preapproved

Get preapproved before going to a dealership. Fill out a single online form at LendingTree to receive up to five auto loan offers from lenders, depending on your creditworthiness. You could also apply directly with your own bank or credit union.

4. Sign and drive

Test-drive a few cars and tell the salesperson you want to get your car loan through TFS — IF they can beat the best preapproval offer you got from another lender. Sign the paperwork and drive off in your new car.