Refinancing with Toyota ?

[ronsta]

Does anyone know if Toyota Financial will let me refinance at their current rate ?

I bought an 07 in Oct @ 8.5%
for Nov they are offering 4.9% on 07s

I would save more than $2000 on interest alone if they let me do this.

 

[fitzt4r]

It never hurts to try.......but I bet that incentive is only for new customers who have not yet bought the truck. I doubt it applies to you since you already bought your 4Runner.

Did you shop around for a better rate? 8.5% seems like a used car loan to me. Kinda high.

Fitz

 

[centxrunner]

Instead of TMC I would check out the rate at a local credit union. I bought a 06 back in July and the best TMC could do for me was 7%. Went down to my local CU and got a 4.6% loan.

 

[ronsta]

that was the best TMCC would do for me, even with a tier 1 credit rating.

I had a powercheck from eloan who was giving me 6.35 % but their terms are that they do not accept accelerated payments, meaning you will be paying them the amount of interest no matter what. That's why we had to use TMCC, no other choice.

I wonder if I go to my local credit union if they will give me a good rate to pay off TMCC and I can just carry my loan over.

 

[qballjr13]

The past two times I have purchased vehicle...the 4R and an Accord, both new...my credit union couldnt touch the deals a dealer could give me. The credit union had no explanation why...very annoying!

 

[y=mx+b]

This thread is old enough to have a driver's license at this point lol

 

[Ripper238]

I got 2% refinancing my 4R through sikorsky credit union.

 

[phatcheeks]

This thread is old enough to have a driver's license at this point lol

Lol. I didnt read the date and was wondering why this guy was financing a 15 year old car.