When does Toyota offer 0% Financing?

Shopping for a replacement car, truck o SUV can be quite costly, which is why it’s important to not accept the first deal that you come across. The slow economy has resulted in many car dealerships coming up with fantastic offers in the hopes of boosting sales figures. In fact, some Toyota dealerships may even offer 0% financing on some of their available models from time to time.


How 0% Financing Works

When purchasing a vehicle, you’ll normally be charged a small percentage of interest in addition to the actual price of the car, truck, or SUV you choose. However, there are times when some vehicle models may not sell as well as expected. In cases like these, dealerships may be willing to let them go on sale at a 0% interest rate so that room can be made for the newer models.

Find Toyota Zero Percent financing deals for 2020 models »

Qualifying for 0% Interest

While dealerships may be advertising 0% interest deals when specific vehicle models are sold, keep in mind that this offer will normally only be available to individuals who have good credit scores. You will normally also be required to provide proof of stable employment (be in your job for at least a few consecutive months), proof of income and proof of physical address. Positive photo identification will also be required.

You may need to be willing to put in a little effort to travel between dealerships when searching for the best possible financing deal, as offers will differ between them. Always ensure that you read through your sales contract in full before signing it, as this will help prevent any unpleasant surprises with regards to paying for your new vehicle. It’s also recommended that you have all the required paperwork on hand at the time of applying for credit.