The interest rate on a Pre-Owned car loan varies; Industry average on a Pre-Owned vehicle is between 4.99% and 7.99% from your major banks and lending centres, as well as Toyotas Financial Services which allows on select TCUV inventory to be as low as 1.9% (OAC).
The rate of interest on a car loan varies and always depends on your personal credit. Because interest rates are currently lower than normal and are expected to remain low for the next couple of years it is a good time to be purchasing a vehicle.
On average our used vehicle Interest Rate is between 5 and 6%. With Toyota Financial Services, finance rates for a TCUV (Toyota-Certified Used Vehicle) may be lower than average.