4Runner TFS Finance Rates

[jiggie]

Hello!

I know this is going to be potentially personally and subjective, but curious what rates TFS has been advertising/offering folks on their recent 4Runner purchases. I've seen advertised rates from 5.47% (up to 60 Months) and 6.71% (up to 72 Months). In my experience or purchasing cars, I have seen dealers come in usually 1% higher on brand advertised financing (So they get a cut).

We usually pay cash and or have financed via Navy Fed in the past. Right now Navy Fed is about 1% lower than TFS advertised, so I was genuinely curious when folks financed, did they...

Get TFS Advertised? Did dealer try going over TFS advertised? Dealer pushed a different finance partner? etc.

Thanks!

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[HVLA]

ALWAYS get preapproved and let the dealer try to beat the rate. I have financed over 20 new cars in my life. I have financed 5 new toyotas. Only once was TFS able to beat my credit union.

 

[jiggie]

ALWAYS get preapproved and let the dealer try to beat the rate. I have financed over 20 new cars in my life. I have financed 5 new toyotas. Only once was TFS able to beat my credit union.

We're still on the fence about Cash or Finance right now, but if we finance we have done Navy Fed / Penn Fed in the past. I don't suspect TFS will beat other options and they gatekeep their Military/Student credit behind it, so there is also the possibility of doing that then either paying it off immediately and or Refi. We are just looking at all options since the 4Runner will be showing up at some point over the next 2 weeks.

 

[HVLA]

If I had cash to pay for a vehicle I would always choose that unless the rate was close to 0.

 

[jiggie]

If I had cash to pay for a vehicle I would always choose that unless the rate was close to 0.

Sitting on that 4-5% range is at that limit that makes financing still worth considering. Part of me just wants to pay it off and be done with it, but part of me also rather keep cash in hand with market uncertainty right now and locking in at a 4-5% rate and financing 50% of it over 24-48 months offers a bit of flexibility.

 

[Positronic]

Sitting on that 4-5% range is at that limit that makes financing still worth considering. Part of me just wants to pay it off and be done with it, but part of me also rather keep cash in hand with market uncertainty right now and locking in at a 4-5% rate and financing 50% of it over 24-48 months offers a bit of flexibility.

as mentioned above coming in with a pre-approval from another lender is always a good play as it gives you options. I've done this with my wifes last two cars (through USAA) and they beat the dealer both times. Interestingly enough, for my 4Runner I came in with a pre-approval from my bank again and TFS was able to beat them and by a pretty decent amount on the rate. In my case i was putting down about 70% on the truck already which helped them bring the rate down on the remainder significantly. Always good to have options

 

[Captain_Hook]

For us they were way above. They offered 8.5% and our bank will
Give us 6.1% for 60 months. 5.6% for 48

 

[lockwoodjd]

In mid April, we financed the minimum amount thru TFS so we could get the $750 military rebate, I think the % was around 4.6, but we paid it off within a couple days.

 

[4rsreed]

Hello!

I know this is going to be potentially personally and subjective, but curious what rates TFS has been advertising/offering folks on their recent 4Runner purchases. I've seen advertised rates from 5.47% (up to 60 Months) and 6.71% (up to 72 Months). In my experience or purchasing cars, I have seen dealers come in usually 1% higher on brand advertised financing (So they get a cut).

We usually pay cash and or have financed via Navy Fed in the past. Right now Navy Fed is about 1% lower than TFS advertised, so I was genuinely curious when folks financed, did they...

Get TFS Advertised? Did dealer try going over TFS advertised? Dealer pushed a different finance partner? etc.

Thanks!

When I bought my 4Runner, I walked in with a pre-approval from Navy Federal for 36 month 4.09%, I was willing to finance with TFS if they matched my rate and the dealership manually set my rate to 4.09%. The important thing is have your financing locked down before you walk in to the dealership. You don't have to use their financing and if the dealership is trying to push you into their financing, I would advise you to find another dealer. Same thing goes with trade in. I had an excellent offer for my trade in from CarMax before I walked in and they honored the offer. Had they not, I would sold the trade in to CarMax and returned to the dealership with a larger down payment. Good luck to you getting the 4Runner of your dreams.

 

[jiggie]

When I bought my 4Runner, I walked in with a pre-approval from Navy Federal for 36 month 4.09%, I was willing to finance with TFS if they matched my rate and the dealership manually set my rate to 4.09%. The important thing is have your financing locked down before you walk in to the dealership. You don't have to use their financing and if the dealership is trying to push you into their financing, I would advise you to find another dealer. Same thing goes with trade in. I had an excellent offer for my trade in from CarMax before I walked in and they honored the offer. Had they not, I would sold the trade in to CarMax and returned to the dealership with a larger down payment. Good luck to you getting the 4Runner of your dreams.

Yea - We have the Navy Fed Pre in hand and are fully planning to go that route unless TFS finds a way to match or at least be competitive, otherwise we're just heavily considering doing the all cash, but I'm a little hesitant there.

 

[Nodak]

some toyota incentives are tied to TFS.

you will have to run the numbers to see what is saving you more money overall by taking the incentives and refinancing or skipping the incentives and going with your preferred financing.

 

[hockeyplayer]

Hello!

I know this is going to be potentially personally and subjective, but curious what rates TFS has been advertising/offering folks on their recent 4Runner purchases. I've seen advertised rates from 5.47% (up to 60 Months) and 6.71% (up to 72 Months). In my experience or purchasing cars, I have seen dealers come in usually 1% higher on brand advertised financing (So they get a cut).

We usually pay cash and or have financed via Navy Fed in the past. Right now Navy Fed is about 1% lower than TFS advertised, so I was genuinely curious when folks financed, did they...

Get TFS Advertised? Did dealer try going over TFS advertised? Dealer pushed a different finance partner? etc.

Thanks!

I financed mine through the dealer I bought my limited from and they gave me the same rate of 5.06% through their partner, Bank of America.

 

[hockeyplayer]

Hello!

I know this is going to be potentially personally and subjective, but curious what rates TFS has been advertising/offering folks on their recent 4Runner purchases. I've seen advertised rates from 5.47% (up to 60 Months) and 6.71% (up to 72 Months). In my experience or purchasing cars, I have seen dealers come in usually 1% higher on brand advertised financing (So they get a cut).

We usually pay cash and or have financed via Navy Fed in the past. Right now Navy Fed is about 1% lower than TFS advertised, so I was genuinely curious when folks financed, did they...

Get TFS Advertised? Did dealer try going over TFS advertised? Dealer pushed a different finance partner? etc.

Thanks!

I received a Bank of America auto loan for 72 months through the dealer at 5.09%. I do not plan on paying this out for 72 months, but I do like the option from a cash flow standpoint. I’ll pay it off in four years.

 

[Tytlynz]

TFS beat Penn Fed (which beat Navy) by a little less than a full point.

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