Buying a new 2008 Toyota Sienna. What is Toyota's APR rate if taking their cash back option?

Question

Buying a new 2008 Toyota Sienna. What is Toyota's APR rate if taking their cash back option?

Answer 1

That's not a simple question. The rate is determined by your credit score and term. You should check with your bank or credit union as they sometimes have a better rate for members. They will usually take 3 days to tell you what you qualify for but sometimes it's worth the wait. I sold Toyota's for years and was surprised how many people never got pre-qualified or checked their credit before hand. This gives the Dealer a great deal of leverage as they can tell you you qualify for a great rate of 9.9% when you really could have got a 6.9% rate. The dealer of course will give you the loan and keep the 3.0% as profit. Toyota Financial will go with your highest Auto FICO score from any of the 3 bureaus and you can check that for free at www.annualcreditreport.com  You don't have to sign up for any of the b.s. credit monitoring and you can check it once a year for free.  

Answer 2

Dont buy a siena! My Siena broke down the the day after i pulled it off of the lot! Within one year, for inspection i needed breaks! i would go with a Chrysler town and country, i traded my toyota for the chrysler and lost a lot of money for it. ILL NEVER BUY ANOTHER TOYOTA!