Financing FAQ

Can I Be Pre-Approved for a Car Loan?

Absolutely! You can start your car-buying journey by filling out a secure online credit application. Simply provide us with some basic information and our team will get to work on securing a range of options for you. This way, you can focus on picking out the right model and trim, while our team handles all the paperwork!

How Do You Value My Trade?

Our appraisers have decades of experience and are committed to accurately assessing your used car, truck, or SUV. We use local market data to help determine a fair value that you can put toward your next vehicle.

If you’d like to receive an initial estimate, we encourage you to enter your vehicle’s info into our Value Your Trade tool. Later on, you can present this estimate to our team, who’ll take it into account when they officially appraise your vehicle in person.

What Type of Credit Score Do I Need for a Car Loan?

Your credit score is a financial snapshot that helps our team determine the type of financing available to you. Typically, lending agencies offer the best terms to borrowers with a credit score that’s higher than 661. Additionally, a score that’s higher than 781 often garners the most favorable interest rates.

If you’re currently building your credit score and not sure what options might be available to you, contact us today. Our team will work with our network of local lenders to help you secure terms that fit your monthly budget.

What’s a Down Payment?

A down payment is an initial sum of money you pay towards purchasing a new, used, or certified pre-owned car. By paying a certain amount up front, a driver can often secure a more favorable interest rate.

A down payment can also help lower your monthly payment, since it reduces the total amount that you need to borrow. It also has the potential to increase the equity of your vehicle starting out.

How Long Is a Toyota Lease?

A typical leasing period extends from 24 months to 48 months. Once it ends, you have a few options: renew the lease, return the vehicle, or upgrade to a newer model with a new lease. Upgrading every few years is a great way to enjoy the latest innovations, without needing a long-term contract.

Can I Buy Out My Lease?

Do you want to play for keeps? If you decide at any point that you’d like to buy out your Toyota lease, contact our finance center to discuss your options. Depending on your agreement, you might not have to wait until the end of your lease to start the financing process.