Skip to Content

Autoblog reviews all the hottest cars

Filed under: Car Buying, Toyota

Toyota may renew "Saved by Zero" no-interest loans



Toyota is reportedly having great success giving away money with their 0% loans. According to Bob Carter, general manager of the Toyota Division, the "Saved by Zero" ad campaign is building traffic and may be renewed when the program expires on November 3 (of course, he won't tell us now because that may slow traffic down again). Dealerships are reporting an increase in sales leads due to the no-interest financing, and the drastic sales declines in September seem to have eased-off a bit so far this month. The 0% financing is only good on 36-month loans making payments a bit steep for first-timers (longer terms also get reduced rates, but not the 0%). This is causing some dealers to ask for more rebates on Toyota cars and trucks in lieu of the aggressive financing -- the rebates are helpful as the cash incentives often provide customers with the down payments needed to originate the sales in the first place.

[Source: Automotive News, subs. req'd]

Reader Comments (Page 1 of 2)

Featured Galleries

2010 Jaguar XJ
Fiat 500C UK launch
1931 Miller V16 racing car
Review: 2009 Ford Edge Sport
2010 Hyundai Sonata - spy shots
Ferrari at 2009 Goodwood Festival of Speed
Bridgestone 3G RFT
Review: 2009 Smart ForTwo
Forza 3 Japanese Screen Shots
Review: 2009 Audi A6 3.0T
2010 Lamborghini LP550-2
First Drive: 2010 Subaru Legacy 2.5GT
AOL Autos

Find Your Next Car


Autoblog Video

Autoblog Green

BloggingStocks

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum