Think I have a chance at getting approved for a 72 mo. long with Toyota Motor Credit Corps? My TU score is 704. I've successfully paid off loans from Toyota before.
I would expect that a FICO of 704 with a good payment record on past loans would result in no problem with approval, assuming your outstanding debt and resulting payment obligations are reasonable for your income, but I have no specific experience in auto financing. More important to how good a deal you have than the loan terms are the following: 1) Is the vehicle price competetive, and worth is for what you get? 2) Are the offered terms competetive with alternatives such as, say, financing thru a CU loan? If you can't do the deal without financing over 6 years, you may be buying more than you can afford. A vehicle is not an investment, it is an expense.
Last month I financed a loan for a new car through Toyota Motor Credit. I had financing through Patelco Credit Union initially at 4.2%, but Toyota offered 3.9% for 60 months. What type of APR does Toyota offer for 72 months?
