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LA Region Scion Navigator
New Vehicle Program Summary
Effective July 15-Sept 30, 2009
Please Consult TFS Bulletins for Complete Program Details |
Print |
Toyota Financial Services (TFS) standard rent charge factors effective
May 6, 2010 for all Scion dealers (except Cincinnati, Detroit, LA North, LA South, LA West and San Diego DSSOs).
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SCION LEASE RATES
Effective
May 6, 2010 |
Vehicle
|
Maximum Term
|
Zone 1+
(Incl. Waived
Security Deposit)
FICO
720+
|
Zone 1
(Incl. Waived
Security Deposit)
FICO
719-690
|
Zone 2
(Incl. Waived
Security Deposit)
FICO
689-670
|
Zone 3
(Incl. Waived
Security Deposit)
FICO
669-650
|
Zone 4
FICO
649-630
|
Zone 5
FICO
629-610
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Zone 6
FICO
609-580
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Zone 7
FICO
579-520
|
MY09/10 xD
|
36**
|
0.00069
|
0.00069
|
0.00069
|
0.00069
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0.00330
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0.00410
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0.00470
|
0.00590
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MY09/10 xB
|
36**
|
0.00070
|
0.00070
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0.00070
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0.00070
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0.00330
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0.00410
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0.00470
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0.00590
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MY11 xB
|
36**
|
0.00098
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0.00098
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0.00098
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0.00098
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0.00330
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0.00410
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0.00470
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0.00590
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MY09/10 tC
|
36**
|
0.00189
|
0.00189
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0.00189
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0.00189
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0.00330
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0.00410
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0.00470
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0.00590
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MSRP/Avg. Retail Book Value Maximum Advance*
|
120%
|
115%
|
110%
|
105%
|
100%
|
100%
|
95%
|
95%
|
Vehicle
|
Maximum Term
|
Zone 1+
(Incl. Waived
Security Deposit)
FICO
720+
|
Zone 1
(Incl. Waived
Security Deposit)
FICO
719-690
|
Zone 2
(Incl. Waived
Security Deposit)
FICO
689-670
|
Zone 3
(Incl. Waived
Security Deposit)
FICO
669-650
|
Zone 4
FICO
649-630
|
Zone 5
FICO
629-610
|
Zone 6
FICO
609-580
|
Zone 7
FICO
579-520
|
MY11 Scion All Vehicles
(excludes Scion xB) |
36 |
0.00235 |
0.00245 |
0.00290 |
0.00380 |
0.00430 |
0.00510 |
0.00570 |
0.00690 |
MY09/MY10/MY11
Scion New Vehicles
|
37 - 60
|
0.00235
|
0.00245
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0.00290
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0.00380
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0.00430
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0.00510
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0.00570
|
0.00690
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Scion Certified Pre-Owned Vehicles
|
60
|
0.00235
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0.00245
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0.00290
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0.00380
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0.00430
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0.00510
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0.00570
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0.00690
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MSRP/Avg. Retail Book Value Maximum Advance*
|
120%
|
115%
|
110%
|
105%
|
100%
|
100%
|
95%
|
95%
|
* TFS standard advance policy is as follows: Applicable MSRP % / Average Retail Book Value % (from above) + Dealer Installed Options + LA&H + GAP/DCA + VSA + TAC + Dealer Paid Acquisition Fee + Dealer Paid Tax, Title and License. Qualified applicants without bureau FICO score are eligible for Zone 7. For <520 FICO scores, add 0.00040 RCF to the Zone 7 RCF. (90% Maximum advance*; Decision Faxback 71). ** After September 30,2010, all rates and terms may change. All other program parameters remain unchanged. |
College Grad |
| Rebate |
|
Retail Rate
Up to 84 Months |
|
Standard Lease
Up to 60 months |
|
|
|
|
| $1,000 |
AND |
Automatic Zone 1 or better |
OR |
Automatic Zone 1 or better |
AND |
Security Deposit Waived |
AND |
12 months/12,000 miles comp. roadside assistance 866-322-3968 |
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Denote "College Graduate Rebate" on the Dealer Funding Checklist and in the comments section of RouteOne.
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1. GRADUATION: Proof of graduation from an accredited four-year college, university, or registered nursing degree program during the last TWO years or will graduate from such
a school within the next SIX months, or proof of graduation from an accredited two-year college, or be enrolled in an accredited graduate degree program during the last two
years. Program can be used within two years of the receipt of the degree. OR, graduate from two-year T-TEN program or NJATC and IBEW program completion within the past
two years.
2. JOB: proof of present employment or future employment, which will begin within 120 days of credit approval Salary must be sufficient to cover ordinary living expenses and
vehicle payments.
3. INSURANCE: Furnish proof of collision insurance.
4. MINOR CREDIT LAPSES ALLOWED: Obligations paid within 60 days or less of the due date and non-credit related (e.g. rent, utilities, health club membership, etc.) charge-offs less
than $250 are acceptable.
NOTE: College Grad Rebate is compatible with all Scion Solutions standard features EXCEPT Military rebate and lease end refinance.
Not compatible with any retail rate reduction features.
|
Military |
| Rebate |
|
Retail Rate
Up to 84 Months |
|
Standard Lease
Up to 60 months |
| $1,000 |
AND |
Standard |
OR |
Standard |
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Denote "Military Rebate" on the Dealer Funding Checklist and in the comments section of RouteOne.
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1. Must be in current active duty status in the U.S. Military (Navy, Army, Air Force, Marines, National Guard and Active Reserve).
2. Verifiable proof of military status or proof of active service is required at the time of purchase in the form of one of the following: Leave and Earning Statement, Military Orders
including Call to Active Duty Letter within one month of departure, Military Identification Card.
3. Reserve or retired Military Personnel are not eligible for the rebate.
4. Receive a salary sufficient to cover ordinary living expenses and vehicle payments.
5. Upon credit approval by TFS.
NOTE: Military Rebate is compatible with all Scion Solutions standard features EXCEPT College Grad rebate and lease end refinance.
Not compatible with any retail rate reduction features.
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iFinance |
| Minimum Down Payment/ Cap Cost Reduction |
Retail Rate
24-72 month terms available. Uprate for 61-72 Month terms. |
|
Standard Lease
24-60 month terms available |
Amount Financed |
Maximum Advance |
| At Least 10% |
AUTOMATIC Zone 4 or better |
OR |
AUTOMATIC Zone 4 or better |
Less than $20,000 |
100% invoice including TFS approved PPO & DIO accessories tax, title, license plus insurance products |
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Use "I" series in the Rate Type Code section
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1. Three personal and verifiable references.
2. At least one satisfactory credit line (minimum $500 trade line) open for at least one year, and no adverse credit.
3. A full-time job held for at least six months with income & employment verification.
4. Payment-to-Income Ratio (PIR) cannot exceed 15% of applicant’s gross income.
5. Proof of insurance, as required by TFS.
6. The iFinance Program is available to qualified participants regardless of age.
NOTE: Compatible with all standard features EXCEPT College Grad, 90-Day Deferred Program, Gen-One, Business Solutions, Subvention, Mobility, Equity Discount, and Lease-End Refinance Program. Not compatible with any retail rate reduction features.
|
Gen-One |
| Minimum Down Payment |
Retail Rate
24-60 month terms only |
Standard Lease
NOT APPLICABLE |
Amount Financed |
Maximum Advance |
| - |
All Zones |
N/A |
Less than $20,000 |
90% invoice including TFS approved DIO accessories, tax, title, license plus insurance products |
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Use "J" series in the Rate Type Code section
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1. No established credit necessary - No negative credit history allowed.
2. Three personal and verifiable references.
3. Income must be consistent and verifiable; must be employed for at least six months full-time with current employer.
4. Payment-to-Income Ratio (PIR) cannot exceed 15% of applicant’s gross income. − Debt-to-Income Ratio (DIR) cannot exceed 45% of applicant’s gross income.
5. Minimum gross income must be greater than $1,500 per month.
6. Proof of insurance, as required by TFS.
− The Gen-One Program is available to qualified participants regardless of age.
NOTE: Not compatible with any retail rate reduction features, College Grad, 90 day Deferred, Extended Term Financing, Lease End Refinancing, Preferred Option, Mobility Program, LTV Equity, No Flat Fee Option, Subvention, Business Solutions and iFinance.
Other Encore, SND benefits (Encore gift and automatic approval) features can still be used
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| Scion Solutions College Graduate Program customers are eligible for Zone 1 NEW car rate |
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Rates are determined by the applicant(s) Automotive model FICO score from Experian/Fair Isaac Risk Model V2. A secondary credit bureau may be used to determine the rate subject to program guidelines. |
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Dealer rate participation not allowed on any Scion Solutions retail programs.
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For Sign 'n Drive, refer to the Program Checklist for a list of qualifications. |
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Encore beginning-of-term benefit is applicable; however, rate reduction for Encore not compatible with any Scion Solutions retail program. |
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Credit worthy business solutions customers including those with co-applicants, recieve a minimum Zone 1 rate. Co-applicants with 720+ FICO scores recieve a ZONE1+ rate. |
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Dealer-Owned Vehicle(DOV) Finance Program contracts recieve an automatic Zone1+ rate. Standard flat fees apply. All other Business Solution terms and conditions apply. See DOV Program Guidelines for additional program details. |
Other features are not compatible with Scion Solutions Retail Programs.
Scion Solutions Lease Plans, Scion iFinance, and Scion Gen-One are limited
to the customer rates listed above.
*Alternative
Financing available. See dealer for details.
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| LoJack |
|
$795.00 |
| Karr Alarm |
|
$795.00 |
| Paint & Fabric Protection |
|
$595.00 |
| Theft Registration |
|
$495.00 |
| Guaranteed Auto Protection (GAP) |
|
$795.00 |
| *All extented warranties have a deductible unless serviced at our dealership. |
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*Deductible: $0 |
| 4 Year 65,000 Miles |
|
$1270 |
| 5 Year 60,000 Miles |
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$1295 |
| 6 Year 75,000 Miles |
|
$1370 |
| 6 Year 100,000 Miles |
|
$1585 |
| 7 Year 75,000 Miles |
|
$1450 |
| 7 Year 100,000 Miles |
|
$1705 |
| 8 Year 120,000 Miles |
|
$2500 |
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