How to get the best Toyota financing deals

Sometimes shopping for a car can be a daunting process. Not only do you want to find the perfect new Toyota for your driving needs, but you also want to get it at the right price and on the right terms. At Toyota of Orlando, we want to make it as easy as possible for you. Check out these tips straight from the experts on getting the BEST new Toyota financing deals on your next ride.

However, before we get started, let’s talk about what financing is.

• Basically, it’s when you buy a car with a loan and have to pay it back over a certain time period; once it’s paid off, you own it in full.
• If you buy a car with cash and pay for it in full right off the bat, you don’t have to finance it.
• And financing is different from leasing a car; when you lease, you pay a monthly payment to use the car over a certain time period, but when the time is up, you turn the car back in and start over with a new vehicle.

Whether you look for a Toyota financing deal in Orlando or lease a car is up to you – both have perks, and it really just depends on your individual situation and preferences.

So how do you find the best Toyota financing deals? Here are some Orlando Toyota tips:

Know your credit score before you shop. It’s always a good idea to know your credit score before you make any big purchase, including an Orlando Toyota. You’ll be able to spot any errors when you’re going through the financing process, and you’ll also be able to determine which Toyota financing deals apply to you based on your credit score.

Look for deals on “older” cars. If you’re amenable to it, you may be able to get a better financing deal on an older vehicle. For example, if 2022 models are coming in hot, it’s likely that the dealership will want to get 2021 models out of the way to make room for new inventory. Shopping back a model year can save you in the long run!

Focus on the price, not the monthly payment. You don’t want to totally discredit the payment, but you should look at the price of the car as an important factor, too. Make sure you’re getting the price you want on the vehicle before you start calculating the monthly payment. It’s also easier to negotiate on price than it is financing, so keep that in mind before you shop.

 But don’t forget other expenses. However, you can’t totally forget about the monthly payment. Not only will you have to pay for the financing of the car, but you’ll also want to factor in fuel costs, insurance costs, and any maintenance costs you’ll have to handle. That’s why it’s important to get the best possible Toyota financing deal – you can factor in the other associated costs to ensure you’re good to go.

Don’t shop high-demand models. High-demand models usually don’t have as many financing deal options available since they’re popular and coveted. However, don’t forget – you’re shopping at Toyota of Orlando and anything is possible. Ask our sales associated which Toyota financing deals are available to you for the vehicle you want and they’ll work their hardest to get you what you need!

Have questions or ready to start shopping? Call Toyota of Orlando at (407) 298-4500 or stop by and see our sales associates at 3575 Vineland Road, just off I-4 near the Millenia Mall. You can also shop online and customize your deal with our online shopper tool!

 

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