Cheap Deals! Toyota Now Starting To Copy The GMAC Playbook To Financial Disaster

It's an enticing offer: Lease a well-equipped Toyota Corolla for just $189 a month for three years.

For Toyota, the deal could be a financial disaster. To keep customers coming to its showrooms amid a series of embarrassing recalls, Toyota has been offering some of its best leasing terms in years.

But the generous come-on could "haunt them three years from now," depending on how the market turns, said B. Craig Hutson, an analyst with research firm Gimme Credit.

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uaw_lax - 8/2/2010 2:00:42 PM

-1 Boost

009 there are good people with bad credit that either lost there jobs in the past and with that their credit rating but that dose not stop them from having a good job today and in need of a good car.

uaw_lax - 8/2/2010 6:50:17 PM

+2 Boost

Badgewhore make sure your twist ties are tight.

pennfootball - 8/2/2010 3:50:10 PM

+1 Boost

you need a 750 FICO score to get that no worries!

mlamike - 8/2/2010 7:46:39 PM

+2 Boost

Actually you only need a 650 FICO score to qualify for any of Toyota's special programs. Toyota only requires average credit unlike other companies that do require spotless or nearly spotless credit. It's very clearly stated on the Toyota website under "details".

uaw_lax - 8/3/2010 12:41:27 AM

+2 Boost

Same price for the Soul.