Scion Solutions and Toyota Financial Services (TFS) is excited to announce a brand new retail and lease program, the “iFi” Program,
that’s specifically designed for customers with limited credit histories. (FSB #2011 - iFi) *Program Guidelines available in Dealer Daily under TFS tab.*
iFi begins on October 3, 2011 and replaces the previous iFinance and GenOne Programs, which are
being officially retired.
As a reminder, iFi is not an auto approval program and is subject to credit approval by TFS.
The iFi Program features:
? 110% Retail Advance and 100% MSRP Advance for Lease
? $25,000 Maximum Amount Financed or Net Capitalized Cost
? Down Payment or Cap Cost Reduction is the lesser of 10% of MSRP or Selling Price of Vehicle
? Tiers/Zones 1+ thru 5 are eligible (depends upon FICO score)
Qualified customers that finance or lease a New Scion through TFS and a participating Toyota/Scion dealer must have:
? A FICO score >= 610. Customers without a FICO score do not qualify
? Zero Major Derogs defined as: Never been 90 DPD (or higher), No Charge-offs, Collections, Repossessions or Foreclosures ever
? Maximum Payment-to-Income Ratio (PIR) 20%
? Full-time job >= 6 Months
? Three Personal and Verifiable References