Toyota, Lexus Offer Special Military Financing Program
TORRANCE —The captives for Toyota and Lexus are now offering special APRs and rebates to qualified military personnel and inactive reserves through participating dealers.
"In appreciation for all that they have done, and continue to do, we hope these rebates and special APRs make it a bit easier for our men and women in uniform who are in the market for a new vehicle," said Mike Groff, group vice president of sales, marketing and product development for Toyota and Lexus financial services.
"We understand that it's certainly a tough economic time right now for many military families, so it's our hope that these special APRS and rebates, which can be coupled with other incentives, will help our troops save some much-needed and hard-earned money."
In recognition of their service, qualified Toyota buyers under the Welcome Home Special APR Program can receive a 1.9 percent APR for up to 60 months when financing any new 2011 or 2012 Toyota vehicle through a participating Toyota dealer and TFS, according to the company. A $500 military rebate also may be used in conjunction with the special APR, reported F&I and Showroom magazine.
Lexus buyers who qualify under the Welcome Home Special APR Program can receive a 0.9 percent APR for up to 60 months on new 2011 or 2012 ES and IS (includes all sedans, Convertible and IS F) and 2012 RX350 vehicles, or 1.9 percent APR for up to 60 months on any other new Lexus vehicle when financing through a participating Lexus dealer and LFS, according to the company.
A $750 military rebate also may be used in conjunction with the special APRs.
More Industry

Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →