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Interest Rates

Discussion in '3rd Gen Tundras (2022+)' started by jmay86, Jun 15, 2022.

  1. Jun 20, 2022 at 5:52 PM
    #31
    DrZoidberg

    DrZoidberg New Member

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    This is why I passed on the TRD pro with a markup.
     
  2. Jun 20, 2022 at 6:52 PM
    #32
    Coal Dragger

    Coal Dragger New Member

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    Probably not. At least not through a credit union.
     
  3. Jun 20, 2022 at 7:06 PM
    #33
    jmay86

    jmay86 [OP] New Member

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    I put roughly 35% down, rate was 2.54% still… down payment made no difference for me….
     
  4. Jun 20, 2022 at 9:06 PM
    #34
    DrZoidberg

    DrZoidberg New Member

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    Down payment only affects your ability to get approved. It would only be needed if you're DTI is bad.
     
  5. Jun 20, 2022 at 9:20 PM
    #35
    mountainpete

    mountainpete Explore more

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    Function before sparkle.
    Is that at a dealer? Try Servus and ATB.
     
    Outbound likes this.
  6. Jun 20, 2022 at 10:41 PM
    #36
    Blue By U

    Blue By U New Member

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    As an old guy, nothing worse than payments other than necessities. Bought my house in '84 and interest rate was 18% on a 30yr. Save your money and quit keeping up with the "Jones". What you own needs to be paid for to appreciate. My 2 cents.
     
  7. Jun 21, 2022 at 5:47 AM
    #37
    Outbound

    Outbound SSEM #2.5, Token AmeriCanadian

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    Yeah, that's from the dealer. ATB wss 7.2% with a max of 5 year term when I talked to them, since they consider it a personal loan. Dealers have the best rates in Canada.
     
    Last edited: Jun 21, 2022
  8. Jun 21, 2022 at 6:14 AM
    #38
    mountainpete

    mountainpete Explore more

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    Function before sparkle.
    7.2? Yikes! You can get a line of credit much cheaper than that!
     
    Outbound likes this.
  9. Jun 21, 2022 at 6:29 AM
    #39
    DrZoidberg

    DrZoidberg New Member

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  10. Jun 21, 2022 at 6:37 AM
    #40
    pneffkell

    pneffkell New Member

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    You should be looking to lease with these new rates. Tundras lease incredibly
     
  11. Jun 21, 2022 at 6:43 AM
    #41
    iantung

    iantung So much mod, so little money

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    This is the dealership closest to me, as of today, on a SR5 4X2 (just the first truck on the page, no difference.)
    They don't have lease special, so I guess whatever market rate is, most likely above 5% if not 6-7%
    upload_2022-6-21_8-41-14.jpg
    upload_2022-6-21_8-41-14.jpg
    upload_2022-6-21_8-41-49.jpg
     
  12. Jun 21, 2022 at 6:45 AM
    #42
    DrZoidberg

    DrZoidberg New Member

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    The lease RV is good, the MF is terrible.
     
  13. Jun 21, 2022 at 6:53 AM
    #43
    Outbound

    Outbound SSEM #2.5, Token AmeriCanadian

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    Yeah, I think my line of credit ia 5.9
     
  14. Jun 21, 2022 at 6:53 AM
    #44
    1lowlife

    1lowlife Toxic prick and pavement princess..

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    THE GREAT STATE OF TEXAS
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  15. Jun 21, 2022 at 7:04 AM
    #45
    pneffkell

    pneffkell New Member

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    Thats what they are asking. Who knows if they will get 25k over sticker.
     
    Tundrastruck91 likes this.
  16. Jun 21, 2022 at 7:24 AM
    #46
    War Machine

    War Machine SSEM # 5 3MW

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    Not sure if this is available in Canada, but Capital One will quote a rate and give a pre approval without putting a hit on your credit score. Assuming you give them accurate information it’s a good place to start for anyone looking to finance.
    There may be better rates available than Capital One, but at the minimum it gives you something to judge the dealer’s offer against. The pre approval at least gives you something they have to beat.

    https://www.capitalone.com/cars/pre...V7D6tBh17oAYcEAAYASABEgIFl_D_BwE&gclsrc=aw.ds
     
    Outbound likes this.
  17. Jun 21, 2022 at 7:27 AM
    #47
    War Machine

    War Machine SSEM # 5 3MW

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    Not likely considering both the bank and dealership make money off of financing. The less you finance, the less they make. If anything they’d probably try to sneak a higher rate by you (if they know about the down payment ahead of time).
     
    DexterL likes this.
  18. Jun 21, 2022 at 7:30 AM
    #48
    ColoradoTJ

    ColoradoTJ I drink…and I know things. Staff Member

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    A metric buttload
    A market adjustment like that…they are trying to keep it on the showroom. If someone pays it…win. If not…win.
     
    WILLINH, Tundrastruck91 and 1lowlife like this.
  19. Jun 21, 2022 at 10:56 AM
    #49
    cdq85

    cdq85 New Member

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    Not necessarily. Toyota Financial does offer discounts for "super equity" meaning you can get anywhere from a half to whole percentage point less interest with a certain amount down. On the flip side, they can add interest if you are upside down or not putting any money down. Most credit unions don't really mess with that stuff though.
     
  20. Jun 21, 2022 at 10:57 AM
    #50
    Outbound

    Outbound SSEM #2.5, Token AmeriCanadian

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    Not available in Canuckistan apparently.
     
  21. Jun 21, 2022 at 11:40 AM
    #51
    War Machine

    War Machine SSEM # 5 3MW

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    Gimme your SIN and I’ll run some numbers for you.
     
  22. Jun 21, 2022 at 12:00 PM
    #52
    Outbound

    Outbound SSEM #2.5, Token AmeriCanadian

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    666 666 666
     
  23. Jun 21, 2022 at 7:49 PM
    #53
    I8NJ

    I8NJ New Member

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    Will add toneau cover.
    On June 1, I put about 40% down and got 1.94% for 48 months through Navy Federal Credit Union.
     
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  24. Jun 21, 2022 at 7:58 PM
    #54
    brucega7x

    brucega7x New Member

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    Generally down payment doesn’t change anything.

    Very generally speaking, the shorter you finance, the better the rate.
    36 and 48 month loans will usually have a better rate than 5-7 year loans.
     
  25. Jun 21, 2022 at 8:01 PM
    #55
    Henry2019

    Henry2019 N/A

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    3/1 Lift Kit 20X9 Fuel Assaults +1 295/60/R20 Falken Wildpeak A/T3W
    I'm waiting for the recession to come into full play.. it'll be a fire sale for big boy's toys :rofl:
     
  26. Jun 21, 2022 at 8:03 PM
    #56
    Henry2019

    Henry2019 N/A

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    Jesus Christ how many vehicles do you have Lol? I have seen you as well over @ the F150 Gen 14 forums.
     
  27. Jun 21, 2022 at 8:05 PM
    #57
    Henry2019

    Henry2019 N/A

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    Joe Myers Toyota gang Lol
     
    iantung likes this.
  28. Jun 21, 2022 at 9:46 PM
    #58
    Blue By U

    Blue By U New Member

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    Old guy here again. The only thing that is a financeable that makes any sense is your house. After that compounding payments for things you think you need will only complicate your need to produce the capitol to pay for them. God forbid something happens along the way. In todays crazy times it's all a crap shoot. "Take care of #1 and try not to step in #2"
     
    Henry1jg likes this.
  29. Jun 22, 2022 at 4:25 AM
    #59
    War Machine

    War Machine SSEM # 5 3MW

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    Joe Myers…..the herpes of Houston car dealerships.
     
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  30. Jun 22, 2022 at 5:27 AM
    #60
    DrZoidberg

    DrZoidberg New Member

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    I only have 1. The lightning probably isn’t going to work for me and I passed on the pro, too much markup. I did find another solar pro I’m trying to get the markup reduced.
     
    Henry2019 and jmay86 [OP] like this.

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