Toyota Finance Interest Rates

[Trent77 Lurker Find all posts View Profile Close Trent77]

Hi All
Just thought I would share this, only to ensure that fellow Prado Point people are not paying too much for Toyota Finance for new cars. I just ordered a new 150 and got a rate of 7.48% and no dealer fee. If you have managed even a lower rate, nice one. However, if you are about to buy and pay higher interest, I hope this info is of some help to you.
Cheers

[lippa Member Find all posts View Profile Close lippa]

Toyota are offering 3.9% here in qld

[lippa Member Find all posts View Profile Close lippa]

doesn't look like on Prado though... or hilux 4x4..... but just organized sr5 for a friend at 3.9%.... maybe some dealers are taking the hit on finance?? worth asking

[wooley Avid PP Poster! Find all posts View Profile Close wooley]

No 3.9% on any vehicle you'd want to drive any more.

I think they were doing 3.9% on some of the old hiluxs but I think you'd be hard pressed to find one now.

[KAKADAZ Avid PP Poster! Find all posts View Profile Close KAKADAZ]

They've offered me 3.9% on my wife's Kluger that arrives this month.

[Ryzz Advanced Member Find all posts View Profile Close Ryzz]

I got 7% a year ago, pretty happy with that.

[Trent77 Lurker Find all posts View Profile Close Trent77]

Hmm interesting. I was told that the 3.9% was not available on the GXL 150. Glad I posted this thread. I will check it out. Thanks All

[Corigator Avid PP Poster! Find all posts View Profile Close Corigator]

McCarrolls Waitara have signs up 3.9% on all new Toyotas

[wooley Avid PP Poster! Find all posts View Profile Close wooley]

Just looked, it now seems to be on all vehicles minus fj, hilux, landcruiser and prado.

[ozzygs Junior Member Find all posts View Profile Close ozzygs]

I signed up yesterday for a new 150 kakadu
They offered me 6.40% today.
Cracker deal considering CBA have offered 8.9%

[wooley Avid PP Poster! Find all posts View Profile Close wooley]

I read the T&Cs on the 3.9% offer and it was for $30K max over 48 months

yeah I was just having a quick browse also, I assume you have to pay the difference as a deposit? there's always a catch.

[D4D Addicted PP Member Find all posts View Profile Close D4D]

[B] 3.9% comparison rate applicable to approved personal applicants & a 3.9% annual percentage rate is available to approved Bronze Fleet & Primary Producer applicants of Toyota Financial Services for the financing of Yaris (all sedan, pre-Sep 2011 build hatch) & Camry (current generation models only), Corolla, Hybrid Camry, Aurion, Prius, RAV4 & Kluger ranges, HiLux 4x2 Petrol & Diesel WorkMate & HiAce LWB Van. Excludes demos. Applications must be received between 1/10/2011-31/12/2011 & vehicles delivered by 13/01/2012 (subject to dealer stock availability). Maximum finance term of 48 months applies, conditions, fees & charges apply. Comparison rates are based on a 5 year secured consumer fixed rate loan of $30,000. WARNING: These comparison rates are true only for the examples given. Different terms, fees or other loan amounts might result in different comparison rates.

****Offer not available on post Sep 11 build Yaris hatch

****Offer not available on next generation Camry models

[Corigator Avid PP Poster! Find all posts View Profile Close Corigator]

Its never what it seems

[Trent77 Lurker Find all posts View Profile Close Trent77]

Ozzygs - 6.40% Wow, nice wk. I wont be telling my wife that.....and Corigator....you are right, it is never what it seem eh.

[wooley Avid PP Poster! Find all posts View Profile Close wooley]

6.40% Wow, nice wk. I wont be telling my wife that.

Can always ask your dealership if they can do better. As I understand it though, the rates dealerships get from Toyota Finance are based on the number of vehicles they sell/finance contracts they sign people to. Which is the case with most finance. But if you're at a smaller dealership there's not much you can do.

That 1% makes about $300 a year difference on the full amount over a full term, so it's not a huge amount of money in the scheme of things.

What annoys me about Toyota finance is the fact that even if you opt to pay weekly... You have to pay the monthly amount. Which is fine you'll pay it off quicker right? Incorrect, Toyota take the money from you each week and it sits in a holding account until the end of the month, so there is no advantage, except that you make a few extra weekly payments as they work of 4 week months.