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.
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.
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.
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.
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.