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Toyota Offers Zero-Percent Interest on Eleven Models

October 06, 2008

TORRANCE, Calif. — Taking aim at the credit squeeze which has sidelined many potential new-car buyers, Toyota Motor Sales USA Inc. will offer a zero-percent interest rate on eleven Toyota models for qualified buyers.

The offer expires Nov. 3 and the terms vary by model, ranging from 36 to 60 months. The vehicles included are the Matrix, Corolla, Camry, RAV4, Highlander, FJ Cruiser, 4Runner, Sequoia, Sienna, Tacoma and Tundra.

"Not only do we have the inventory of today's sought after fuel-efficient models, but we have the capacity through Toyota Financial Services to finance or lease them," said Toyota Division General Manager Bob Carter.

The offer follows data released Wednesday showing Toyota's September U.S. sales plunged 32 percent from a year earlier to 144,260 vehicles, led by a 38 percent decline in light trucks.

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