Toyota Financial

[Mjhall85]

Anyone finance with Toyota recently ? My friend is looking to and curious what the tiers may be currently or your experience was recently. Also the approval good for 30 days like C1 ? They have a bankruptcy that was discharged about 3 months ago. From what I read toyota is usually able to get those with less than stellar credit financed.

[Brian_Earl_Spilner]

I got 75 @4.99 with a 689 EQ in July on a '17 GS350 with LFS, which is really TFS

[Mjhall85]

oh that's not bad, they have scores a little lower but it's better than the 15-19% carvana gave them. They are looking at a new tacoma or a cpo one so should be able to attain a decent rate hopefully.

[Brian_Earl_Spilner]

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@Mjhall85 wrote:

oh that's not bad, they have scores a little lower but it's better than the 15-19% carvana gave them. They are looking at a new tacoma or a cpo one so should be able to attain a decent rate hopefully.

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When I went in, I was pre-approved from NFCU for 4.99 new, 7.99 used, Cap1 was in the 7-8 range, and carvana was double digits. 

[Mjhall85]

Yeah when I bought my new truck cap1 had me preapproved in the 5-7% range but the dealer beat it. Carvana is odd cause other lenders offer decent rates and they go sky high and then want like 5k down