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Toyota Financial online app

Discussion in 'Dealers & Pricing' started by amj12, Oct 13, 2011.

  1. amj12

    amj12 New Member

    Joined:
    Oct 11, 2011
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    Location:
    So Cal
    Vehicle:
    2011 Prius
    Model:
    Two
    I'm in SoCal and want to take advantage of the 0%APR for the purchase of a 2011 Prius. I noticed that Toyota Financial Services has an online application for financing services and the pre-approval is accepted at any "participating dealer." Has anyone had experience with this? Should I just apply for financing at the dealership? I want to save time but am afraid that when I get to the dealer, they may say they are not participating and not accept the pre-approval. Is there an online tool to determine which dealers are participating?
     
    #1 amj12, Oct 13, 2011
  2. arcticreaver

    arcticreaver New Member

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    Location:
    Southern California
    Vehicle:
    2011 Prius
    Model:
    III
    i think you should just call up the dealers. i was shopping for a prius 1 week ago, and every dealer i called in socal knew about the 0% for 36 months.

    your credit score needs to be like around 700 or so to get it though.
     
    #2 arcticreaver, Oct 13, 2011
  3. amj12

    amj12 New Member

    Joined:
    Oct 11, 2011
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    Location:
    So Cal
    Vehicle:
    2011 Prius
    Model:
    Two
    Shouldn't the financing at the dealership and online be the same since it's all from Toyota though?
     
    #3 amj12, Oct 13, 2011
  4. torr310

    torr310 Junior Member

    Joined:
    Sep 24, 2011
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    Location:
    California
    Vehicle:
    2011 Prius
    Model:
    Three
    I thought there was no 0% financing for Prius but if you were able to get it please let us know.

    I got mine last month for 2.90% from Bank of America. Credit score 730+
     
    #4 torr310, Oct 13, 2011
  5. amj12

    amj12 New Member

    Joined:
    Oct 11, 2011
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    Location:
    So Cal
    Vehicle:
    2011 Prius
    Model:
    Two
    SoCal dealers are offering 0% financing for 36 mo. for purchase of new 2011 Prius. I'll let you know how it goes at the dealership.
     
    #5 amj12, Oct 13, 2011
  6. DianneWhitmire

    DianneWhitmire High PRIUStess

    Joined:
    Oct 23, 2007
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    Location:
    Laguna Niguel, CA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    No, you don't have to be a 700 to get the 0% for 36 months. It's tiers I, II or III meaning even someone with 650 FICO score will qualify.

     
    #6 DianneWhitmire, Oct 13, 2011
  7. arcticreaver

    arcticreaver New Member

    Joined:
    May 2, 2011
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    Location:
    Southern California
    Vehicle:
    2011 Prius
    Model:
    III
    i got 0% for 36 months.
     
    #7 arcticreaver, Oct 13, 2011
  8. Comrad_Durandal

    Comrad_Durandal New Member

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    Location:
    Minneapolis, MN USA
    Vehicle:
    2010 Prius
    Model:
    III
    I've been told that basically you need a over 800 to get 0% - did this change?
     
    #8 Comrad_Durandal, Oct 13, 2011
  9. Maverick Hiker

    Maverick Hiker New Member

    Joined:
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    Location:
    Baltimore MD
    Vehicle:
    2011 Prius
    Model:
    Three
    I think the 0% financing just started here in Maryland. 0% for 36 months. You have a choice between that or if you take the regular APR from Toyota financing you get $1000 back.

    I was going to pay cash for my 2011 Prius.

    Now I'm thinking I could finance the car, take the $1000, then pay the entire loan off at once, before I spend the money I have saved for a car elsewhere. . I don't know if this is allowed or if there is a pre-payment penalty on car loans.
     
    #9 Maverick Hiker, Oct 13, 2011
  10. DianneWhitmire

    DianneWhitmire High PRIUStess

    Joined:
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    Location:
    Laguna Niguel, CA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    The only thing that's changed, at least as far as my region is concerned for tier requirements, is that right now, you're hearing the truth. :p

     
    #10 DianneWhitmire, Oct 13, 2011
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