Quote:
Originally Posted by Subie
This is exactly what I did when I bought my previous car. I went hunting for the best rate and presented it to the dealership. I told them to match it, and when they couldn't, I financed through the bank that had offered that rate.
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It's a good idea to shop around, but unless the dealership is doing in-house financing (which is almost never the case with Toyota, as they have Toyota Financial), they cannot adjust the rates, which are set by Toyota Financial. But I agree with the general consensus, look around and check with your local credit unions. Sometimes banks have decent rates for new auto loans, but usually there is a lot of fine print with banks. For example, Chase usually talks about some rate (which is pretty good, but not great), but for example you might have to have a prima checking account (or whatever it's called) and EFT, otherwise if you don't have all of those things, your actual rate might go up .50-.75%.