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TEXAS RATE LETTER

Effective 11/4/2011


 

NEW SCION  VEHICLES ONLY

 

 Maximum Term

 Zone 1+

 Zone 1

Zone 2

Zone 3

 

Zone 4

 

 

Zone 5

 

Zone 6

Zone 7

 

FICO

FICO

FICO

FICO

FICO

FICO

FICO

FICO

 

720+

 719-690

689-670

 669-650

649-630

629-610

609-580

579-520

60

3.50

3.90

5.05

7.80

11.05

14.60

18.00

18.00

63

3.50

3.90

5.05

7.80

11.30

14.85

18.00

18.00

66

3.60

4.10

5.30

8.40

11.65

15.25

18.00

18.00

72

3.85

4.60

5.55

8.90

13.45

16.00

18.00

18.00

75

4.10

4.85

6.05

9.40

13.95

16.50

18.00

18.00

84

5.05

5.80

 N/A

N/A 

 N/A

 N/A

N/A

 N/A

Advance Limits*

120%

120% 

120%

120%

100%

100%

100%

100%

Advance Exception Uprates

+.25

+.25

+.25

+.25

+.50

+.50 

+.50

+.50
*
  • Advance Definition = [Total Amount Financed - Cancellable Adds (VSA, GAP, CLAH, TAC)] / New Invoice or Usede Wholesale book.
  • Scion Solutions iFinance rate determined by applicable rate no lower than Zone 4 (New Vehicles Only).
  • Scion Solutions Gen-One rate determined by applicable Zone (New Vehicles Only).
  • Qualified applicants without bureau FICO scores are eligible for Zone 7 rate (New Vehicles Only).

        

SCION CERTIFIED PRE-OWNED VEHICLES ONLY

 Maximum Term

 Zone 1+

 Zone 1

Zone 2

Zone 3

 

Zone 4

 

 

Zone 5

 

Zone 6

Zone 7

 

FICO

FICO

FICO

FICO

FICO

FICO

FICO

FICO

 

720+

 719-690

689-670

 669-650

649-630

629-610

609-580

579-520

60

4.00

4.40

5.05

7.80

11.05

14.35

18.00

18.00

63

4.00

4.40

5.05

7.80

11.30

14.60

18.00

18.00

66

4.10

4.60

5.30

8.40

11.65

15.00

18.00

18.00

72

4.35

5.10

5.55

8.90

13.45

15.75

18.00

18.00

75

4.60

5.35

6.05

9.40

13.95

16.25

18.00

18.00

84

5.55

6.30

 N/A

N/A 

 N/A

 N/A

N/A

 N/A

Advance Limits*

120%

120% 

120%

120%

100%

100%

100%

100%

Advance Exception Uprates

+.25

+.25

+.25

+.25

+.50

+.50 

+.50

+.50

 
  1Advance Definition = [Total Amount Financed - Cancellable Adds (VSA, GAP, CLAH, TAC)] / New Invoice or Usede Wholesale book.

 *Available on 1-3 year old Scion Certified vehicles ONLY.
  • TFS Used rates apply to Non-Certified Scion Used vehicles.  Refer to Toyota Used rate letter for rates, participation guidelines and Flat Fee schedule. 
  • Qualified applicants without bureau FICO scores are not eligable for the SCPO program
  •  
    For < 520 FICO scores, add 1% to zone 7 rate (faxback 71)
 

*** 84 month term requirements: Minimum amount financed is $15,000.

 
 
 
 
 

PROGRAMS

   
  • Scion Solutions College Graduate Program customers are eligible for Zone 1 NEW car rate
   

FEATURES

   
  • Rates are determined by the applicant(s) Automotive model FICO score from Equifax Beacon 5.0.  A secondary credit bureau may be used to determine the rate subject to program guidelines.
  • When an applicant and co-applicant exist, the qualifying tier will be based on the higher of the two applicants' FICO score.  Sign n' Drive qualifications still apply for both applicants.
  • Please note that the Multiple Credit Bureau Option is not available for customers that have a null FICO or a FICO score less than or equal to 609 on the primary bureau.
  • Dealer rate participation not allowed on any New and Certified Scion Solutions retail programs.
  • Equity Program for ALL Zones - For Loan-to-Value (LTV)  80.01% - 90%, DEDUCT 0.25% FROM ABOVE RATES.
    Super Equity Program for Zone 1+ thru Zone 3 - For Loan-to-Value (LTV) less than or equal to 80%, DEDUCT 0.50% FROM ABOVE RATES.
  • For Sign n' Drive refer to the Program Checklist for a list of qualifications.
  • Encore beginning-of-term benefit is applicable; however, rate reduction for Encore is not compatible with any Scion Solutions retail program.
  • Credit worthy Business Solutions customers including those with co-applicants, recieve a minimum Zone 1 rate. Co-applicants with a 720+ FICO scores recive a Zone 1+ rate.
  • Dealer-Owned Vehicle (DOV) Finance Program contracts receive an automatic Zone 1+ rate. Standard flat fees apply. All other Business Solutions terms and conditions apply. See DOV Program Guidelines for additional program details.

 

 
NEW SCION PREFERRED OPTION PLAN RATES

 Maximum Term

 Zone 1+

 Zone 1

Zone 2

Zone 3

 

Zone 4

 

 

Zone 5

 

Zone 6

Zone 7

 

FICO

FICO

FICO

FICO

FICO

FICO

FICO

FICO

 

720+

 719-670

689-670

 669-650

649-630

629-610

609-580

579-520

36

5.00

5.40

6.05

8.80

12.05

15.35

18.00

18.00

48

5.50

5.90

6.55

9.30

12.55

15.85

18.00

18.00

Advance Limits

115%

110% 

105%

105%

100%

100%

95%

95%

 

 

CPO SCION PREFERRED OPTION PLAN RATES

 Maximum Term

 Zone 1+

 Zone 1

Zone 2

Zone 3

 

Zone 4

 

 

Zone 5

 

Zone 6

Zone 7

 

FICO

FICO

FICO

FICO

FICO

FICO

FICO

FICO

 

720+

 719-670

689-670

 669-650

649-630

629-610

609-580

579-520

48

6.05

6.55

7.90

9.95

N/A

N/A

N/A

N/A

Advance Limits*

13%

130%

125%

125%

N/A

N/A

N/A

N/A

 

First Extended Service Comprehensive

    60 Month 60 Month 72 Month 72 Month 84 Month 84 Month
    75K Miles 100K Miles 60K Miles 100K Miles 75K Miles 100K Miles
Deductible

Class

 

          
$0

0

$1,536

 $1,846 $1,394 $2,013 $1,615    $2,355

 

    60 Month 60 Month 72 Month 72 Month 84 Month 84 Month
    75K Miles 100K Miles 60K Miles 100K Miles 75K Miles 100K Miles
Deductible

Class

 

          
$100

0

$1,178

 $1,342 $1,223 $1,463 $1,416 $1,707
 

    60 Month 60 Month 72 Month 72 Month 84 Month 84 Month
    75K Miles 100K Miles 60K Miles 100K Miles 75K Miles 100K Miles
Deductible

Class

            
$200

0

$879

 $1,046 $802 $1,139 $923 $1,327

 

Lease Factors

      Vehicle
    Scion xD  Scion xD RS Scion xB  Scion xB RS Scion tC

Zone 1+ (FICO 720+)

Up to 36 months              

 0.00212  0.00217  0.00219  0.00201  0.00219

Zone 1 (FICO 719 - 690)

Up to 36 months

  0.00212  0.00217  0.00219  0.00201  0.00219

Zone 2 (FICO 689 - 670)

Up to 36 months

  0.00212  0.00217  0.00219  0.00201  0.00219

Zone 3 (FICO 669-650)

Up to 36 months

  0.00212  0.00217  0.00219  0.00201  0.00196

Zone 4 (FICO 649-630)

Up to 36 months

  0.00330  0.00330  0.00330  0.00330  0.00330

Zone 5 (FICO 629-610) 

Up to 36 months

  0.00410  0.00410  0.00410  0.00410  0.00410

Zone 6 (FICO 609-580) 

Up to 36 months 

  0.00470  0.00470  0.00470  0.00470  0.00470

Zone 7 (FICO 579-520) 

Up to 36 months 

  0.00590  0.00590  0.00590  0.00590  0.00590

Waived Security Deposit on Zone 1+ and Zone 1

            

Available with approved credit

            
             
All Scions 37-60 Months Term Rate        
   
       
Zone 1+ 37-60 months 0.00220        
Zone 1 37-60 months 0.00230        
Zone 2 37-60 months 0.00275        
Zone 3 37-60 months 0.00365        
Zone 4 37-60 months 0.00430        
Zone 5 37-60 months 0.00510        
Zone 6 37-60 months 0.00570        
Zone 7 37-60 months 0.00690        
 

New Vehicle Protection Plans

Months/Miles

(xD & xB) Platinum Protection - $50 Deductible

72/75K=$912.5, 72/100K=$1587, 84/75K=$1062, 84/100K=$1675

(xD & xB) Platinum Protection - $0 Deductible

72/75K=$1075, 72/100K=$1750, 84/75K=$1225, 84/100K=$1837

(xD & xB) Gold Protection - $50 Deductible

72/75K=$775, 72/100K=1187, 84/75K=$887, 84/100K=$1350

(xD & xB) Gold Protection - $0 Deductible

72/75K=$937, 72/100K=$1350, 84/75K=$1050, 84/100K=$1512

(xD & xB) Powertrain Protection - $50 Deductible

72/100K=$800

(xD & xB) Powertrain Protection - $0 Deductible

72/100K=$962

(tC) Platinum Protection - $50 Deductible

72/75K=$987.5,72/100K=$1662.5, 84/75K=$1150, 84/100K=$1850

(tC) Platinum Protection - $0 Deductible

72/75K=$1150,72/100K=$1825,84/75K=$1312.5,84/100K=$2012.5

(tC) Gold Protection - $50 Deductible

72/75K=$837.5,72/100K=$1250,84/75K=$937.5,84/100K=$1462.5

(tC) Gold Protection - $0 Deductible

72/75K=$1000, 72/100K=$1412.5, 84/75K=$1100, 84/100K=$1625

(tC) Powertrain Protection - $50 Deductible

72/100K=$862.5

(tC) Powertrain Protection - $0 Deductible

72/100K=$1025

 

Other Products

Guaranteed Auto Protection (GAP) State Regulated - Depending on the term of the finance/lease contract
Credit Life Insurance State Regulated - Depending on the term of the finance/lease contract
Credit Disability Insurance State Regulated - Depending on the term of the finance/lease contract 
Protective Paint Shield $329 - Acrylic Ceramic Polymer for superior paint protection 
Protective Vinyl/ Leather shield $99 - Protective Interior Treatment
Protective Fabric/ Carpet Shield $109 - Protective Interior Treatment
Deluxe Undercoat Protection $199 - Protective Undercarriage Treatment

 

Lifetime Oil Changes

Standard Program  4 Max Oil changes/ year or every 3000 miles $399.00
Executive Program  Change Oil every 3000 Miles no limit $499.00

 

 

Flat Fee Schedule

Scion New Vehicles

Scion Certified Pre-Owned Vehicles

Non-Wholesale Zone 1+ - 7

& Wholesale Zone 2-7

Wholesale

Zone 1+ and Zone 1

Non-Wholesale Zone 1+ -7

& Wholesale Zone 1+ -7

$250

$280

$200

 

 

***APR may vary if the Amount Financed exceeds TFS's Maximum Advance for the contract, your FICO score is below 520 and/or  you apply for 72-84 month financing. Ask your dealer to explain how APRs vary for FICO scores below 520 and 72-84 month financing.

Maximum Advance means the total amount financed less cancelable optional products financed with the vehicle, expressed as a percent of dealer invoice (new).    Finance contracts with Maximum Advances of over 120% for applicants with FICO Scores of more than or equal to 650 or over 100% for FICO scores of less than 650 will result in an increase of the APR by .25 or .50 respectively.

 

Updated 3/23/2011