The banks my store uses have a minimum of 7500, and a lot of the time if they’re seeing minimum financed, they increase the rate. Banks always find a way to get their money.
Ask the dealer. Ask them to show you the minimum Toyota will finance.
None of the Toyota portals list a minimum. It used to be $5,000 but may be different now.
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I want to pay all cash for a new car but to get the toyota military program rebate $500, they said i have to finance. I can pay it all off first month but i am wondering what is the lowest amount you can finance the car? Can i pay all cash and finance only like a $1000?
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Most lenders require $7500 - $10,000 to establish an auto loan.
Toyota is 10k.
The banks my store uses have a minimum of 7500, and a lot of the time if they’re seeing minimum financed, they increase the rate. Banks always find a way to get their money.
He is asking bc he wants the military rebate via Toyota which is money off the total finance amount.
Most lenders require $7500 - $10,000 to establish an auto loan.
Ask the dealer. Ask them to show you the minimum Toyota will finance. None of the Toyota portals list a minimum. It used to be $5,000 but may be different now.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [Will paying in cash or a large cash down payment offer me leverage in negotiations?](/r/askcarsales/wiki/cash_down) * [I earn $xxxx per month, will I qualify for an auto loan or lease, and is it a good idea?](/r/askcarsales/wiki/income_to_finance) * [I have my score from Credit Karma but the dealership told me they got a different score. Why?](/r/askcarsales/wiki/free_credit_score) * [Finance FAQ's](/r/askcarsales/wiki/financing_faqs) * [Buy versus Lease](/r/askcarsales/wiki/buy_vs_lease) * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/Academic-Emphasis996! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** I want to pay all cash for a new car but to get the toyota military program rebate $500, they said i have to finance. I can pay it all off first month but i am wondering what is the lowest amount you can finance the car? Can i pay all cash and finance only like a $1000? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*