TORRANCE —The captives for Toyota and Lexus are now offering special APRs and rebates to qualified military personnel and inactive reserves through participating dealers.
"In appreciation for all that they have done, and continue to do, we hope these rebates and special APRs make it a bit easier for our men and women in uniform who are in the market for a new vehicle," said Mike Groff, group vice president of sales, marketing and product development for Toyota and Lexus financial services.
"We understand that it's certainly a tough economic time right now for many military families, so it's our hope that these special APRS and rebates, which can be coupled with other incentives, will help our troops save some much-needed and hard-earned money."
In recognition of their service, qualified Toyota buyers under the Welcome Home Special APR Program can receive a 1.9 percent APR for up to 60 months when financing any new 2011 or 2012 Toyota vehicle through a participating Toyota dealer and TFS, according to the company. A $500 military rebate also may be used in conjunction with the special APR, reported F&I and Showroom magazine.
Lexus buyers who qualify under the Welcome Home Special APR Program can receive a 0.9 percent APR for up to 60 months on new 2011 or 2012 ES and IS (includes all sedans, Convertible and IS F) and 2012 RX350 vehicles, or 1.9 percent APR for up to 60 months on any other new Lexus vehicle when financing through a participating Lexus dealer and LFS, according to the company.
A $750 military rebate also may be used in conjunction with the special APRs.