Toyota Features Zero Percent Auto Loans With No Payments For 90 Days in FebruaryBy Liz Opsitnik
Thursday, Feb 03 2011 13:47
Toyota's February new car incentives are a little less enticing than last month. In February, Toyota is still offering 0 percent auto loan rates, but the length of the car loans is shorter. Discounted lease deals are also still available this month. Complimentary maintenance comes standard on all new Toyota vehicles.
Toyota's 0 percent car loan rate is good up to five years on the Tundra, Highlander Hybrid, Matrix and Camry in February. For four years, shoppers can buy the Venza interest-free. A three-year, 0 percent auto loan rate is available on the Prius, Yaris, Corolla, Avalon, RAV4, Highlander and Sienna in February. Higher car loan rates are available on select models for longer loan lengths.
Through Toyota's 0 percent auto loan incentive, buyers don't have to make any payments for 90 days and no down payment is required. Shoppers will most likely need a credit score of about 720 to get Toyota's 0 percent car loan rate. The 2011 Camry has $500 in bonus customer cash on top of the 0 percent interest rate this month. Buyers can put the $500 toward their down payment or receive a check for the amount.
The 2011 Toyota Yaris is the only model with a $500 cash back offer in February.
The 2011 Toyota Camry LE has a $249 a month sign and drive lease deal in February, as well as $500 in bonus cash.
Toyota is offering shoppers 39-month lease deals on 12 different vehicles in February. Monthly lease payments range from $169 to $469, depending on the model, and you'll need anywhere from $2,148 to $3,268 at lease signing. All the lease deals require a credit score of 720 to qualify, except the Matrix, which only requires a credit score of 650.
The 2011 Camry LE is the only model with a sign and drive lease deal in February. The Camry can be leased for $249 a month and it has $500 in bonus customer cash. The $500 can be used to lower the price of the car or shoppers can receive a check for the amount.
Toyota's two-year complimentary maintenance program comes standard on all new Toyota vehicles in February. You'll get a coupon book for all scheduled maintenance, which includes things like oil changes and tire rotations, but doesn't cover things like brake pads and wiper blades.
Incentives listed are for the southeast region. They may differ depending on where you live. Check Toyota's site to find the incentives in your area.
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