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With Toyota financing, for example, you must have a minimum credit score requirement of 610 to qualify for a loan. You should note, however, that an auto loan's interest rate also depends on your credit score. Hence, a credit score of 610 will have you paying more on a loan, while higher scores will cost less.
Is Toyota Motor credit the same as Toyota Financial?
Toyota Financial Services (TFS) is an umbrella brand that markets the products of Toyota Motor Credit Corporation (TMCC) and Toyota Motor Insurance Services (TMIS).
How long does it take for Toyota to approve?
If you are not approved within one business day, your dealer may contact you with details on the status of your application. You should receive a final credit decision from us within three business days.
What does Toyota consider excellent credit?
When it comes to Toyota credit lease tiers and Toyota financing tier rates, a credit score of 720 and above is considered \u201cexcellent\u201d and tier 1 credit. According to Toyota, this means you \u201chave a long, established, positive credit history.\u201d
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