I was supposed to get my xb a while ago but because of interest difference things have changed.

IS there a reason why scion charges like 5. something apr and toyota does 2.5. My dad got his toyota at 2.4 or 2.5 something like that. So when it came time to get my scion xb and they said you can't get it at 2.5 I had to totally re adjust my money flow to get it. Any one have any ideas.

IM also talking with the highest/best credit rating.

 

there are a million different reasons, could be there have been some changes to his credit or income-to-debt ratio that you don't know about. and if he's putting your name on the loan, that could affect the rate too.

good luck, enjoy your box once you get it.

 

I don't know much about the finance department here, but everyone was saying last week that rates were going to jump within the next couple of days. That's apparently what happens. It has nothing to do with your credit rating or anything else about you, rates just go up sometimes and, according to my guys, they just did.

-Alex

 

IIRC, my dealer told me scion approached financing with the same pure pricing strategy, so the best APR I could get was 5.00%, apparantly their best APR at the time.

I think the rate is higher on these vehicles because the profit margin is so low on each car sold. They prolly make most of their money on scions through accessories and financing.

 

if you belong to a credit union, you typically get a better rate than that offered at a dealership... at least in my experience you do.

 

I got 4.1 from them

 

I bet you don't pay $2.78 for 87 octane either in NC... LOL

i hate bay area prices

 

When I got my car 3 weeks ago, 5.25 was the best you could get through toyota financing.

 

Seems like financing differs in different counties/states... would make sense..

I qualified for their "best" APR 5.00% at the time (3/9/05)

 

If the difference in payments between 2.5% and 5.0% is causing you to budget differently to get your car, you may want to consider going with a bit less car yet. Sounds like you must be cutting it very close indeed. The difference is only about $17 bucks a month.

 

The 2.5% is probably a low interest rate that is available on certain models of toyotas for a specific term. Where the lender is giving a special interest rate on that specific model only, like a camry, tundra, corolla.

 

if you can, go through your bank thats what i am doing for my financeing

 

I looked at an Xb today. They quoted me 5.6% financing. My credit union offers 4.9%. The difference is $3.00 a month

 

thanks for all your replies and help. Maybe a better choice is a bank. yes I am cutting it close and no I won't get another car as I love the huge cargo space for its price. My dads credit is perfect and I am just using his name not mine what so ever.

 

I'm in Baltimore and I got 3.9% and I wound up financing 125% of the vehicle with no down payment ( they paid $3400 that I owed on a high millage S-10)

But that was about a mounth ago.

Scott

 

no...$2.15

 

I say, just write a check. No need to worry about financing and all that mess.