2024 Toyota Tacoma Financing Deals Non-Existent

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Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - February 8, 2024
2024 Toyota Tacoma prerunner truck front view

The all-new Tacoma may have some of the highest interest rates Toyota has ever offered. Even with top-tier credit, a lack of 2024 Toyota Tacoma financing incentives could have buyers seeing rates approaching 10% APR. As a result, 2024 Toyota Tacoma interest rates could make the truck extremely expensive.

According to bulletins sent to dealers last week, the 2024 Toyota Tacoma is excluded from financing incentives as it begins arriving at dealers. Whereas the outgoing truck saw rates as low as 2.99% APR, inventory is non-existent at this point and Toyota's payment estimator shows a 2024 Tacoma rate of 9.86%.

2024 Toyota Tacoma prerunner truck rear view

There's also the fact that there are already $10,000 Tacoma markups in some parts of the country. On a $50,000 truck, we estimate that a 72-month loan at 9.86% would cost over $16,000 in interest with a payment of over $900 a month. And that's before factoring in any dealer add-ons as well as applicable taxes & fees.

In some cases, we think there's a good chance of seeing a $1,000-per-month payment on the 2024 Tacoma. While there can be ways to avoid a markup, a combination of high interest rates, limited supply, and no meaningful incentives could help make the 2024 Tacoma particularly expensive at this moment in time.

Fortunately, we found a hidden way to save. You won't see it advertised, but Toyota has a $1,000 loyalty discount for returning lessees. Eligible customers with a maturing Toyota lease can score a $1,000 discount on leases or $500 on purchases. It's not much, but it could be one of the only ways to save on a new Tacoma.

Explore Toyota Tacoma Prices & Deals

, Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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