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Toyota Car Payment Calculator

Calculate monthly payments for any Toyota vehicle. Compare finance vs lease options with 2026 MSRP prices for Camry, RAV4, Corolla, Tacoma, and more.

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Quick Estimate: $30,000 Toyota @ 6.5% APR

36 mo: $921/mo | 48 mo: $711/mo | 60 mo: $586/mo | 72 mo: $503/mo

🚗 Vehicle & Loan Details

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📊 Payment Summary

Monthly Payment

$550.45

for 60 months @ 6.5% APR

Loan Breakdown

Vehicle Price:
$31,900
Sales Tax (7%):
$2,233
Down Payment:
-$6,000
Trade-in:
-$0
Loan Amount:
$28,133

💰 Total Cost Over 60 Months

Principal:
$28,133
Total Interest:
$4,894
Total Payment:
$33,027

📊 Compare All Loan Terms

Loan TermMonthly PaymentTotal InterestTotal Cost
36 months $862.25$2,908$31,041
48 months $667.17$3,891$32,024
60 months ✓$550.45$4,894$33,027
72 months $472.91$5,917$34,050
84 months $417.76$6,959$35,092

💡 Shorter terms = higher monthly payments but less total interest paid

🚗 Toyota Financing Guide

Toyota offers competitive financing options through Toyota Financial Services (TFS). Whether you're looking at a fuel-efficient Camry, versatile RAV4, or rugged Tacoma, understanding your payment options helps you make the best decision.

Finance vs Lease: Which is Better?

Choose Financing if: You drive more than 12,000 miles/year, want to own the car long-term, plan to customize your vehicle, or prefer no mileage restrictions.

Choose Leasing if: You prefer lower monthly payments, like driving a new car every 2-3 years, drive fewer than 12,000 miles/year, or want warranty coverage throughout your ownership period.

Tips for Getting the Best APR

  1. Check your credit score before visiting the dealer
  2. Get pre-approved from your bank or credit union
  3. Ask about Toyota special financing offers (often 0-3.9% for qualified buyers)
  4. Compare rates from multiple lenders
  5. Consider a shorter loan term for lower interest rates

📊 2026 Average APR by Credit

🟢 Excellent (750+): 5.0-6.5%

🟡 Good (700-749): 6.5-8.5%

🟠 Fair (650-699): 8.5-12%

🔴 Poor (<650): 12-18%+

🚗 2026 Toyota Starting MSRP

Corolla $23,500

Camry $29,100

RAV4 $31,900

Tacoma $31,590

Highlander $40,500

4Runner $42,000

Frequently Asked Questions

A $40,000 car loan at 6.5% APR would cost approximately: $1,228/month for 36 months, $948/month for 48 months, $781/month for 60 months, or $670/month for 72 months. The total interest paid ranges from $4,208 (36 months) to $8,240 (72 months). A larger down payment or lower interest rate will reduce these amounts.

For a $30,000 car loan at 6.5% APR: 36 months = $921/month, 48 months = $711/month, 60 months = $586/month, 72 months = $503/month. With a 20% down payment ($6,000), you'd finance $24,000 and pay: $737/month (36 mo), $569/month (48 mo), $469/month (60 mo), or $402/month (72 mo).

A $70,000 car loan for 72 months at 6.5% APR would be approximately $1,173/month. Over the life of the loan, you'd pay $14,456 in interest, bringing your total cost to $84,456. With a $14,000 down payment (20%), your monthly payment drops to $938/month.

As of 2026, a good APR for a 72-month car loan depends on your credit score: Excellent (750+): 5.0-6.5%, Good (700-749): 6.5-8.5%, Fair (650-699): 8.5-12%, Poor (below 650): 12-18%+. Toyota Financial Services often offers promotional rates of 0-3.9% APR for qualified buyers on select models.

Choose financing if: you drive 15,000+ miles/year, want to own the car long-term, prefer no mileage restrictions, or plan to customize the vehicle. Choose leasing if: you want lower monthly payments, prefer driving a new car every 2-3 years, drive fewer than 12,000 miles/year, or want warranty coverage throughout ownership.

The recommended down payment is 10-20% of the vehicle price. For a $35,000 Toyota RAV4, that's $3,500-$7,000. Benefits of a larger down payment include: lower monthly payments, less interest paid overall, better loan approval odds, and avoiding being 'underwater' on your loan. For leases, $2,000-$3,000 is typical.

🚗 Disclaimer: This calculator provides estimates for informational purposes only. Actual payments may vary based on credit score, dealer fees, taxes, and other factors. Toyota MSRP prices shown are base models and may differ by trim level and options. Always verify financing terms with your dealer or lender before making a purchase.