Open Today Sales: 8:30 AM-9 PMOpen Today Service: 7 AM-6 PM
If you’re looking to purchase a new or used vehicle near Rockwall, chances are you’re also wondering where to find the best auto loan financing options. Fortunately, you’ve come to the right place! Toyota of Rockwall takes the mystery and hassle out of car leasing and auto loan financing. From our secure online financing application to new vehicle specials, we make it easy to get behind the wheel of the car, truck, or SUV you’ve been eyeing. Keep reading to learn more about auto loan financing at Toyota of Rockwall.
To get approved for auto loan financing, the lender will need the following information from you:
Used car finance works the same as financing a new model, but if you haven’t yet established your credit or you have poor credit, you may have to pay a higher interest rate than other Mesquite drivers who have better credit. That’s why it’s worth the effort to try and improve your credit score before you apply for auto loan financing or car leasing.
The experts in our finance center are here to answer all your questions and pair you with the finance or car leasing option that works best for your budget. You can also use our helpful payment calculator to determine a monthly payment amount you can handle. Below you’ll find a few financing tips to help the finance process flow smoother and have you cruising Garland highways in no time:
During your car-buying journey, you may be faced with the decision to lease or finance your new vehicle, but which route is better? Well, that answer comes down to what’s best for your unique situation. When you choose car leasing, you agree to drive a vehicle from a dealership for an agreed-upon amount of time and miles and pay for its usage rather than for the full purchase price of the vehicle. You will have a monthly payment based on the car’s projected depreciation value over the course of the lease term, and at the end of the term, you can transition to a different vehicle with a new lease term.
When you opt to finance a vehicle, you enter into a loan agreement with a bank or other financial institution. The full price of the vehicle is divided into monthly payments, and once you’ve satisfied all the payments, you own the car and can sell it or whatever you wish.
Neither path is better than the other and honestly depends on personal preference. If you’re someone who likes the flexibility of driving a different vehicle every two years or so then leasing is a great choice. But, if you prefer to make a long-term investment, auto loan financing is the way to go.
Toyota of Rockwall’s Lease Loyalty Program
If you’re a lease customer who is leasing or financing another Toyota, we’ll waive the disposition fee on your current lease. To take advantage of this offer, you’ll need to lease or finance a New or Certified Used Toyota through Toyota of Rockwall and Toyota Financial Services within 30 days before or after your current vehicle lease terminates.* For each new qualifying leased or financed vehicle, Toyota Financial Services will waive the disposition fee on one terminating lease.
If you still have questions about auto loan financing and car leasing, our finance team is here to help so don’t hesitate to contact us. Whether you choose a new or used car, financing is no problem at Toyota of Rockwall, we will work hard to get you in the vehicle of your dreams at a price you can afford with a car loan or lease tailored to your monthly budget.
