Toyota Offers First APR Program For Used Vehicles

  • May 29, 2008
You know things are getting tough for gas-loving trucks and SUVs when Toyota offers a national financing deal for big vehicles.

Granted, it's not across the board, and it's also not for new vehicles, either. Still, for a company that traditionally has given wide berth to national incentives that often move metal at the expense of brand equity, it's a big change.

For the first time, Toyota is offering an annual percentage rate (APR) program for select Toyota Certified Used Vehicles. The national APR program offers eligible customers a 2.9% interest rate up to 66 months, and applies to its biggest vehicles: certified used Tundra pickups and Sequoia SUVs. The deal runs through July 31.

Toyota says it sold 95,260 certified pre-owned vehicles this year through April, an increase of 7.3% versus the period last year. Calendar year through April 2008, Sequoia posted certified used sales of 2,464 units while Tundra recorded certified used sales of 6,728 units.--Karl Greenberg



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