"Desperate" Toyota Offers Zero Percent Auto Loans
Toyota's March new car incentives are mostly similar to what was offered last month. Toyota is still offering 0 percent auto loan rates in March. Discounted lease deals are also still available this month. Complimentary maintenance comes standard on all new Toyota vehicles.
Toyota's 0 percent auto loan rate is good up to five years on the Tundra, Highlander Hybrid, Matrix, Camry Hybrid and Camry in March. 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 March. Higher auto loan rates are available on select models for longer loan lengths.
Select Toyota vehicles with low auto loan rates also include a no payments for 90 days incentive. No down payment is required on most models. Shoppers will most likely need a credit score of about 720 to get Toyota's 0 percent auto 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 March.
Toyota is offering shoppers 39-month lease deals on 13 different vehicles in March. Monthly lease payments range from $139 to $469, depending on the model, and you'll need anywhere from $2,138 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 March. 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 March. 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.