nav_jones

Hi, I got my TC in Flint Mica Yesterday. Got a credit score of 700 and got 4.4% apr. now when i told him i need the 400 recent grad rebate, he didnt gave it to me. told me my credit dosent match TFS standard. and when iasked why, he said i have a late payment on one of my charge card. when i looked at the report, this was a i month late payment on a charge card which was closed abt ayear ago..
now is this true abt the tfs or they are just BSing me. Should i call someone in toyota......????
Need help

toyota4life

a credit score of 700 is very good, especially for a recent grad. I think they're messing with you. I'd get this dealer checked out.

nav_jones

what should i do abt them, i graduated abt a year ago and have all the papers..... is there any number i can call.....

Dulanic

Any single negative item will disqualify you... it is stupid, especially if you have good credit, but thats how it is.

aneis

Unfortuately I don't have the paperwork with me, but I think I recall it saying that qualifications include:

making it into "zone 1" credit. In other words, a FICO score of 700 or above, which you have.

and disqualifications include

any *derogatory* notations on your credit. That's not the same as any negative notations on your credit history. May want to order a credit evaluation from myfico.com or somesuch. I thought it was worth it anyway. I found out my credit score was 698, and in a couple days I'll be pushing real hard to be admitted into "zone 1"

Milhamscion

I doubt there f'n with you. It makes no difference to the dealership if you get it or not.

nav_jones

is there any where on the website, where toyota explains the rules for its TFS req. I dont know,but just having a late payment abt a year ago disqualify you dosent sound right....

Slide

BullS*&#
Did you forget that the "finance specialist" is also a salesman? Between Tier 1 and Tier 2 financing there is a about a $1000 extra cost. Now do you think Toyota is keeping all that? I believe the profit on a Scion TC is somewhere around $600. If thats the profit, then how did they get the big fancy dealership..financing

I would go to credit union and tell them to sit and spin.
IF you have any type of Teachers or Educators credit union check theiir rates, so far they have beat every credit union and bank and they tend to go off your debt-to-income ratio verus JUST your credit score.
Dealer would only give me 7.5% and I got 5.4% from the Educators Credit Union.

nav_jones

my problem isnot with the financing apr......they gave me 4.4 for that.....but my concern is that if my credit is good enough for 4.4% then why cant i get the recent grad rebate, denied for having one late payment... that sucks....

emoinwinter

I'm only 19 years of age, and have a credit score of 608. Respectable?

2JZ

repectable, i guess that would be for your age... but overall 608 is still pretty low... =p not to burst your bubble or aynthing, but that wouldn't get you many good aprs for credit... but like i said, you're still young and have plenty of time to build that up. i have a rating of 758, but that's AFTER i closed the account of my previous vehicle and paid of a substantial amount of my debt. credit is a fickle thing

BuckeyeCase

http://scionsolutions.com/possess/bu..._grads_buy.jsp

Apparently they could care less what your credit score is, or if you even have much of a credit score. as long as you have no derogatory credit, you're golden.