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Toyota Financial

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Regular Contributor

Toyota Financial

Just wanted to share my approval from Feb 2018. I was shopping for more of a family oriented car as I just had my baby. I planned on getting an SUV. I was interested in the Honda CRV but also got approved for a Toyota Rav4. Honda dealership couldnt find me a better deal then 5% APR, but Toyota gave me 0.9% APR @ 72 months.

Basically my only credit history was a joint auto loan account with my mom. 3 years perfect payment history. I traded it in and I believe I was upside down $1-2k. FICO scores: 700-720. 0% DTI.
$8000 down payment. $33,000 financed on a brand new 2018 Rav4 Platinum. I love Toyota for their legendary reliability!
First credit card opened in Sept. 2017. No baddies. AAoA: 11 months.
Current Fico8 : Exp : 704/19 inq | Trans : 714/20 inq | Eq : 688/20 inq |
NFCU CLOC:$15,000


Message 1 of 6
5 REPLIES 5
Frequent Contributor

Re: Toyota Financial

Way to go and keeping your options open to find the best rate, congrats on the new ride!

Present Day...Equifax: 767, TransUnion: 777, Experian: 774
Sept. 2016...Equifax: 652, TransUnion: 608, Experian: 597
PenFed CLOC: $500

Message 2 of 6
Valued Contributor

Re: Toyota Financial

Hello,

Would you further break down your deal?

MSRP, taxes and add ons purchased.

Thanks

Message 3 of 6
Regular Contributor

Re: Toyota Financial

The sales prices was about $37,400. I traded in a 2013 Toyota Corolla which I owed about $8,900, they bought it for $6,500. The only options I had on there was the Cargo tonneau cover, and all weather liner mats. The Platinum model is already fully loaded. Actual financed amount is $32,169. About $500 in taxes and fees, the motor vehicle tax was about $1800. I added GAP and I pay $459 monthly for 72 months.

I added running boards and body side moldings since then on my own. Love the car, the panoramic camera is pretty cool. Easily powers through snow which I really needed here in MN.
First credit card opened in Sept. 2017. No baddies. AAoA: 11 months.
Current Fico8 : Exp : 704/19 inq | Trans : 714/20 inq | Eq : 688/20 inq |
NFCU CLOC:$15,000


Message 4 of 6
Valued Contributor

Re: Toyota Financial

Thanks for sharing the details. Sounds like a decent deal. I was also checking to see if they hit you an expensive warranty or other add ons. Sound like just the GAP insurance.

 

Are you considering winter tires in MN?

Message 5 of 6
Regular Contributor

Re: Toyota Financial

Yes, for sure going to get winter tires in November. I'm looking at the Blizzaks. The winters here can get brutal.
First credit card opened in Sept. 2017. No baddies. AAoA: 11 months.
Current Fico8 : Exp : 704/19 inq | Trans : 714/20 inq | Eq : 688/20 inq |
NFCU CLOC:$15,000


Message 6 of 6
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