Scion Labor Day Holiday 90-Day Deferred First Payment Program Guidelines

Toyota Labor Day Holiday 90-Day Deferred First Payment Program Guidelines

Program Parameters

Program Guidelines

Effective Dates Effective August 22, 2014 through September 02, 2014. Contracts must be dated no later than September 02, 2014, and processed by TFS no later than October 02,2014. TFS reserves the right to change or terminate this program at any time.
 Eligible Vehicles All New and untitled Toyota vehicles including demonstrators with 20,000 miles or less financed through TFS.
Eligible Dealers All eligible Toyota dealers*This program is available in PA, but only Special Retail Contracts at 0% APR are eligible.
Customer Eligibility To be eligible for the 90-Day Deferred Program, customers must meet all of the following criteria:1. Meet standard TFS credit criteria requirements2.  Be a Tier 1+ thru 3 applicant who purchases an eligible vehicle through an authorized, eligible Toyota dealer3. Finance the New Toyota vehicle through TFS*This program is available in PA, but only Special Retail Contracts at 0% APR are eligible.
Maximum Terms  Up to 62 months for Standard and Subvented contracts.*PA only 0% APR Contracts60-month example: A retail installment contract with a 90-Day Deferred First Payment may be scheduled as 60 payments over a contract term of 62 months, depending on customer preference. In no instance is the maximum contract term to exceed 62 months. A maximum of 90-days may elapse from the contract date to the first payment due date. Finance charges accrue from the contract date origination. Earned interest over the first 90 days will be amortized over the term of the contract, but will not be added to the principal. Extended terms are not available.
Dealer Participation Toyota:Standard APR: Standard participation is allowed.SPECIAL APR: Please refer to your Special Program announcements for program compatibility details.Pennsylvania: SPECIAL Retail Contracts at 0% only are eligible, No rate participation allowed.
Program Compatibility This program is NOT compatible with 63–84 extended term financing. Please refer to your Standard Rate/Program Letters and/or Special Program Letters for additional Compatibility information.All other Retail Program Parameters continue to apply.
Insurance Products The financing of all TFS insurance products, except CLAH products, is allowed. The term of the GAP product must be consistent with the contract term, including the deferral period. CLAH products are not approved for financing.When financing “Non” TFS GAP in conjunction with the 90-Day Deferred First Payment Program: if the dealer presents a contract to TFS/LFS which includes a non-TFS GAP contract, the dealer is representing that the GAP provider approves the sale of the product in conjunction with the 90-Day Deferred First Payment Program. This applies to the program for the stated period only.