Estimate Loan

Use the calculator on the left to determine sample monthly payments of your vehicle of interest. Below are some sample guidelines you can follow so that you can generate a payment amount that is relatively close to what actual terms could be.

Please note that this is for demonstration purposes, and that any figures generated by this calculator are not binding. Actual rates may differ, and depend on credit score. Please contact a Finance Manager for further details, and to determine actual rates. Please also note that finance terms cannot be created without a specific vehicle to be financed, as the vehicle being financed plays a large part in the bank approval process.

Typical term:

Most loans made on vehicles are 5 years (60 months). They can be extended out to as much as 84 months, or shortened to as little as 36 months. In order to have an 84 month term, a lot of additional conditions must be met (typically good credit, and financing a newer vehicle). Typically, the shorter the term, the higher the monthly payment - you are paying the vehicle off faster. Shorter terms also typically have lower interest rates.

Typical Rates:

Toyota does typically offer special APR financing rates on specific vehicles. In those cases, determining the APR is rather simple, provided that you qualify for the rate. Normal rates are typically as follows (based on a 60 month term):

6% - Good to Excellent Credit (690 FICO or higher)
8.2 - 11.5% - Average to Good Credit (650 - 689)
15 - 16.5% - Good to Below Average Credit (600 - 649)
18% - Below Average Credit (Below 600 FICO score)