TongMan

How did you finance your tC? Did you finance it through Toyota Financial Service or your own credit union? I am still unsure if I want to finance it through TFS because the rate I got from the calculator on Scion's website was over 6%. So that means I'll pay over $1800 extra to TFS. I've heard that Capitol One Credit Union is one of the best credit union to finance a new car, is this true? I hear that people get 3.9% to 4.9% APR on new car deals.

So tell me about how you financed your tC or Scion.

ChuX

I used the Capitol One Blank Check program at a rate of 5.45% and couldn't be happier. I'm paying $409 a month and it surprises everyone I know that I pay such a low amount. Do your homework and get a quote for the interest rate first. When it came time to pick up my tC, I was in and out of the dealership in less than 30 mins. If you go through TFS, it'll take a while with all the paperwork you have to go through before you get to leave the dealership with your new ride.

losmorob

Definatly shop around first. I shopped for my XB, but not for financing. When I found the one I wanted (cameomet, 5speed) on a showroom floor looking so cool with baloons attached, it was all over! I told them sold without even driving it. Once your foot touches the dealers lot, all logical thinking disappears and your feelings take over.

I did finance through Toyota, at a decent rate. (5.5%) With 0 money down as well.
Would I do it again? Hell yes!!

Serialk1llr

I found most local banks were just about the same as TSF's quote. In the end, the $500 for going with TFS ended up lowering my APR which lowered my payment just enought to be the best deal out there (%5.5). I pay $382.17/month and a skoch over 22k for the life of the load (5yrs)

tcBlue

I got 4.19% through E-Loan, Toyota wants to give me 6.3%. I pay 430/month (3 years loan)

krdshrk

I used Capital One auto finance. Got 4.9% APR.

rjj130

Last April I got a really good rate from TFS, actually better then my credit unions.

I got 4.75%, rates were going up soon because of the govt, w/ $1000 down, $500 trade, $400 college grad, I'm payin $330 a month for 5 years.

Definitely shop around, but at the time nobody could really beat that rate and it wasn't worth the drama of finding a lower rate.

honey0bucket

whats with people and putting othing down lol....i sold my focus and had some money saved...i put 9k down and only had to finance/load w/e 6k...i pay 180 a month for 3 years. oh and 4.99%

TongMan

Yeah I want to know why some of you do no downpayment?

oneslowxa

put little to low money down vs for the best apr you can get vs term you can afford...
save the rest of the downpayment for the first payment... in the long term it will save you a couple of bucks, end end up with a shorter loan term...

kinda confusing but if you sit down and do that math it works...

donscion

i put 8k down and pay $198/month for 5 years @ 4.2% through TFS. I just made ten payments last week so I pretty much took off a year from the loan! 1 more to go!

zm_br

i shopped around, but ended up getting the TFS. for me, it was pretty close.

chrischoi

iTrader: (2)

can you refinance with another place? even after financing through tfs?