Established Member
Monkeygirl531
Posts: 12
Registered: ‎07-22-2009
Toyota 0% financing, what kind of credit needed?

‎12-06-2012 08:55 AM

Hello, im looking to purchase either a new Rav 4 or new Camry soon, since my current work vehicle is starting to get real old, and my 2nd car is for leisure only. I would like to get a 0% financing deal. My current score for eq here on myfico is 713, my utilization is 30%. I make 90k per year. I do have a Mercedes Benz loan paid off just recently in May. can anyone give me an insight on my creditworthiness for 0% with Toyota?
(1,627 Views)
 
Established Member
Monkeygirl531
Posts: 12
Registered: ‎07-22-2009
Re: Toyota 0% financing, what kind of credit needed?
[ Edited ]

‎12-06-2012 09:00 AM - edited ‎12-06-2012 09:25 AM

Also forgot to add, current minimum debt payment for cc is 500 month, house is $1500. I make 7400 per month before taxes. No late payments ever. Im also gonna guess my auto enhanced fico is higher than 713 since I have a clean history on car loan payments and recently paid off. Does Toyota use auto enhanced ficos.
(1,624 Views)
 
Contributor
coreyb80
Posts: 94
Registered: ‎07-26-2012
Re: Toyota 0% financing, what kind of credit needed?

‎12-06-2012 09:41 AM

From what I've seen posted on here from here posters you shouldn't have any issues at all.  If I recall correctly Toyota usually wants 650 or better.  Don't quote me on that number.  Blessings on the future purchase.

(1,605 Views)
 
Established Member
bigpayback
Posts: 10
Registered: ‎06-07-2007
Re: Toyota 0% financing, what kind of credit needed?

‎12-08-2012 02:32 PM

Hi

 

My local Toyota dealer advised me, he could get me approved for a toyota lease with 620 credit score.




Starting Score: 524
Current Score: 542
Goal Score: 700

Take the FICO Fitness Challenge
(1,423 Views)
 
Frequent Contributor
germaine47
Posts: 305
Registered: ‎07-05-2011
Re: Toyota 0% financing, what kind of credit needed?

‎12-08-2012 05:20 PM

Was approved for Toyota Camry for 1.9% for 63 months with Equafax at 652.  Would have gotten 0% for 48 months they also pulled Transunion which pushed me to Tier 1 Fico was I think around 700.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,
(1,404 Views)
 
Valued Member
Paperboy999
Posts: 64
Registered: ‎10-06-2012
Re: Toyota 0% financing, what kind of credit needed?

‎12-08-2012 06:20 PM

I Dont think they have high qualifications. I was approved for 2.9% on a used car with a 650ish fako 18 months ago. I don't think you'll have any problem getting their best rate.
11/09 EX 564
10/12 EX 673 TU 674
1/13 TU 686
2/13 EX 701
Goal 750+
(1,397 Views)
 
Regular Contributor
dabrian
Posts: 199
Registered: ‎12-10-2012
Re: Toyota 0% financing, what kind of credit needed?

‎12-10-2012 05:36 PM

You won't have any issues.

(1,256 Views)