Toyota today announced a zero-percent financing offer on eleven models, with terms ranging from 36 to 60 months. The move is intended to bolster sales amid a nationwide credit squeeze, which has slowed auto sales considerably. Toyota reported dismal sales numbers for September earlier this week.
"Not only do we have the inventory of today's sought after fuel-efficient models, but we have the capacity through Toyota Financial Services to finance or lease them," said Toyota Division General Manager Bob Carter.
Toyota reported a sales decline of 32.3 percent in September -- selling 144,260 vehicles compared to 213,042 in September 2007.