Financing Rates (subject to change)
Effective:
| New Scion Vehicles Only |
| Maximum Term |
Tier I+
720+
(11) |
Tier I
719-690
(1) |
Tier II
689-670
(2) |
Tier III
669-650
(3) |
Tier IV
649-630
(4) |
Tier V
629-610
(5) |
Tier VI
609-580
(6) |
Tier VII
579-520
(7) |
| 60 months |
4.29% |
4.74% |
6.09% |
8.25% |
9.85% |
13.00% |
17.65% |
20.75% |
| 66 months |
4.55% |
5.14% |
6.90% |
8.75% |
10.10% |
13.00% |
18.40% |
21.35% |
| 72 months |
4.55% |
5.14% |
6.90% |
8.75% |
10.35% |
14.00% |
18.90% |
22.10% |
| 75 months |
4.80% |
5.39% |
6.90% |
8.75% |
10.35% |
14.00% |
18.90% |
22.10% |
| 84 months |
5.80% |
6.39% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
| Advance Limits¹ |
120% |
120% |
120% |
120% |
100% |
100% |
100% |
100% |
| Advance Exception Uprates |
+.25 |
+.25 |
+.25 |
+.25 |
+.50 |
+.50 |
+.50 |
+.50 |
| ¹Advance Definition = [Total Amount Financed - Cancelable Adds
(VSA, GAP, CLAH, TAC)] / New Invoice or Used Wholesale Book |
| Scion Solutions iFinance rate
determined by applicable rate no lower than Zone 4 (New vehicles only). Scion
Solutions Gen-One rate determined by applicable Zone (New). Qualified applicants
without bureau FICO scores are eligible for Zone 7 rate (New vehicles only). |
| Scion Certified Pre-Owned Vehicles Only |
| Maximum Term |
Tier I+
720+
(11) |
Tier I
719-690
(1) |
Tier II
689-670
(2) |
Tier III
669-650
(3) |
Tier IV
649-630
(4) |
Tier V
629-610
(5) |
Tier VI
609-580
(6) |
Tier VII
579-520
(7) |
| 60 months |
4.29% |
4.74% |
6.09% |
8.25% |
9.85% |
13.00% |
17.65% |
20.75% |
| 66* months |
4.55% |
5.14% |
6.90% |
8.75% |
10.10% |
13.00% |
18.40% |
21.35% |
| 72* months |
4.55% |
5.14% |
6.90% |
8.75% |
10.35% |
14.00% |
18.90% |
22.10% |
| 75* months |
4.80% |
5.39% |
6.90% |
8.75% |
10.35% |
14.00% |
18.90% |
22.10% |
| 84* months |
5.80% |
6.39% |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
| Advance Limits¹ |
120% |
120% |
120% |
120% |
100% |
100% |
100% |
100% |
| Advance Exception Uprates |
+.25 |
+.25 |
+.25 |
+.25 |
+.50 |
+.50 |
+.50 |
+.50 |
¹Advance Definition = [Total Amount Financed
- Cancelable Adds (VSA, GAP, CLAH, TAC)] / New Invoice or Used Book
* Available on 1-3 year old Scion Certified vehicles ONLY. |
TFS Used rates apply to Non-Certified
Scion Used vehicles. Refer to Toyota Used rate letter for rates, participation
guidelines, and Flat Fee schedule. Qualified applicants without bureau FICO
scores are not eligible for the SCPO program. For < 520 FICO scores, add
1% to Zone 7 rate.
** 84 month term requirements: Minimum amount financed is $15,000. |
Toyota Financial Services (TFS) standard rent charge factors
effective July 1, 2010 for all Scion dealers in Kansas, St. Louis, Minneapolis,
LA South, LA North, LA West, San Diego, Seatle, Portland, San Francisco, and
Sacramento DSSOs.
|
| |
SCION LEASE RATES
Effective
July 1, 2010 |
Vehicle
|
Maximum Term
|
Zone 1+
(Incl. Waived
Security Deposit)
FICO
720+
|
Zone 1
(Incl. Waived
Security Deposit)
FICO
719-690
|
Zone 2
(Incl. Waived
Security Deposit)
FICO
689-670
|
Zone 3
(Incl. Waived
Security Deposit)
FICO
669-650
|
Zone 4
FICO
649-630
|
Zone 5
FICO
629-610
|
Zone 6
FICO
609-580
|
Zone 7
FICO
579-520
|
MY09/10 xD
|
36**
|
0.00069
|
0.00069
|
0.00069
|
0.00069
|
0.00330
|
0.00410
|
0.00470
|
0.00590
|
MY09/10 xB
|
36**
|
0.00070
|
0.00070
|
0.00070
|
0.00070
|
0.00330
|
0.00410
|
0.00470
|
0.00590
|
MY11 xB
|
36**
|
0.00098
|
0.00098
|
0.00098
|
0.00098
|
0.00330
|
0.00410
|
0.00470
|
0.00590
|
MY09/10 tC
|
36**
|
0.00189
|
0.00189
|
0.00189
|
0.00189
|
0.00330
|
0.00410
|
0.00470
|
0.00590
|
MSRP/Avg. Retail Book Value Maximum Advance*
|
120%
|
115%
|
110%
|
105%
|
100%
|
100%
|
95%
|
95%
|
Vehicle
|
Maximum Term
|
Zone 1+
(Incl. Waived
Security Deposit)
FICO
720+
|
Zone 1
(Incl. Waived
Security Deposit)
FICO
719-690
|
Zone 2
(Incl. Waived
Security Deposit)
FICO
689-670
|
Zone 3
(Incl. Waived
Security Deposit)
FICO
669-650
|
Zone 4
FICO
649-630
|
Zone 5
FICO
629-610
|
Zone 6
FICO
609-580
|
Zone 7
FICO
579-520
|
MY11 Scion All Vehicles
(excludes Scion xB) |
36 |
0.00235 |
0.00245 |
0.00290 |
0.00380 |
0.00430 |
0.00510 |
0.00570 |
0.00690 |
MY09/MY10/MY11
Scion New Vehicles
|
37 - 60
|
0.00235
|
0.00245
|
0.00290
|
0.00380
|
0.00430
|
0.00510
|
0.00570
|
0.00690
|
Scion Certified Pre-Owned Vehicles
|
60
|
0.00235 |
0.00245
|
0.00290
|
0.00380
|
0.00430
|
0.00510
|
0.00570
|
0.00690
|
MSRP/Avg. Retail Book Value Maximum Advance*
|
120%
|
115%
|
110%
|
105%
|
100%
|
100%
|
95%
|
95%
|
* TFS’ standard advance policy is as follows: Applicable
MSRP % / Average Retail Book Value % (from above) + Dealer Installed Options +
LA&H + GAP/DCA + VSA + TAC + Dealer Paid Acquisition Fee + Dealer Paid Tax,
Title and License. Qualified applicants without bureau FICO score are eligible
for Zone 7. For <520 FICO scores, add 0.00040 RCF to the Zone 7 RCF. (90%
Maximum advance*). ** After September 30,2010, all rates and terms may change. All other program parameters remain unchanged. |
PROGRAMS
- Scion Solutions College Graduate Program: NEW vehicles receive rebate and
customers are eligible for Zone 1 rate (at minimum) and waived security deposit.
SCPO customers are eligible for Zone 1 rate (at minimum) and waived security
deposit.
Rebate not compatible with SCPO.
- Scion Solutions iFinance rate determined by applicable rate no lower than
Zone 4 for New Scions only. Refer to program guidelines for a list of
qualifications.
FEATURES
- Dealer rate participation not allowed on any Scion Solutions lease
programs.
- Sign ‘n Drive: FICO score of 690 and above receive applicable Zone rate,
plus a waived security deposit. Refer to Sign ‘n Drive checklists for additional
qualifications.
- Encore: Security deposit waiver and beginning-of-term benefits are
applicable; however, rate reduction for Encore is not compatible with any Scion
Solutions lease programs.
- Low Mileage Lease: Add 2% to the current published residual percentages
(36-60 mos.) for New only.
- Multiple Security Deposit (not available in New York): Deduct 0.00008 RCF
points from qualified Zone rate for each additional security deposit (maximum of
9). 1 Pay is not compatible with this program.
- 1Pay Feature: Deduct 0.00100 RCF points from the qualified Zone.
- Credit worthy Business Solutions customers including those with
co-applicants, receive a minimum Zone 1 rate. Co-applicants with 720+ FICO
scores receive a Zone 1+ rate. Credit Life and Health/Disability (CLAH) policies
is not compatible with TFS Business Solutions. Please refer to the TFS Business
Solutions Lease rate letter for more details.
- Dealer-Owned Vehicle (DOV) Finance Program leases receive an automatic
Zone 1 + rate. Standard flat fees apply. All other Business Solutions terms and
conditions apply. See DOV Program Guidelines for additional program details.
- SCPO: Eligible vehicles: Current year used through 3 year old Scion
vehicles (65,000 miles or less), with a Scion Certification Number. Number.
Maximum terms vary based on model year: Current Year-up to 60 Months; 1 Year
old-up to 60 Months; 2 Years old-up to 48 Months and 3 Years old-up to 42
Months.
- TFS Acquisition Fee: All Scion lease agreements contracted with TFS are
subject to a $650 Acquisition Fee.
**Alternative financing options are available upon request. Please ask your sales consultant for more details.
**There is a $150 document fee charged on all vehicle transactions.
*Not responsible for typographical errors. All vehicles subject to prior sales.
All final sales subject to dealer discretion.
*Program not available in Alabama, Florida, Hawaii, Georgia, North Carolina and South Carolina. In all of those states other than Hawaii, similar programs may be available through participating Scion dealers and World Omni Financial Corp. Program is available on approved credit to qualified customers through Toyota Financial Services and participating Scion dealers. When financing through your Scion dealer and Toyota Financial Services, lower Annual Percentage Rates may be available on approved credit to qualified buyers.
APR may vary if the Amount Financed exceeds TFS's Maximum Advance for the contract, your FICO score is below 520 and/or you apply for 72-84 month financing. Ask your dealer to explain how APRs vary for FICO scores below 520 and 72-84 month financing.
Maximum Advance means the total amount financed less cancelable optional products financed with the vehicle, expressed as a percent of dealer invoice (new). Finance contracts with Maximum Advances of over 120% for applicants with FICO Scores of more than or equal to 650 or over 100% for FICO scores of less than 650 will result in an increase of the APR by .25 or .50 respectively.
The APR on a finance contract with a Loan to Value of between 80.01% to 90% will be decreased by .25. The APR on a finance contract with a Loan to Value of less than or equal to 80% will be decreased by .50. Loan to value ratio means the total amount financed under your vehicle installment sale contract, expressed as a percent of dealer invoice (new). Please ask your dealer for details.
Program and Annual Percentage Rates are subject to change or termination at any time. Please see your participating Scion dealer for details