Purchasing a car, whether new or preowned, is a big deal. At Heart City Toyota, we believe you shouldn’t settle for less, even if you don’t have enough money to purchase at a Goshen car dealership. Our financing team will guide you through the available Toyota financial services to help you secure a loan that won’t strain your budget. Read on for more information.
Reasons to Finance Your Next Toyota at Heart City Toyota Dealership
Heart City Toyota understands that you may not always have enough finances to buy your dream car. We offer Toyota finance specials to help you buy the vehicle you’ve always wanted. A payment calculator on our site helps determine the car that is within your price range. You can also know the monthly cost of financing your desired car by typing your APR and down payment. This helps you determine whether getting an auto loan is a viable option.
You can then fill out a secure credit application on our website. Filing the online application saves you time and provides insights into the loan terms. We have a Toyota financial services team that will ensure you get the most competitive pricing available without the high interest that comes with new auto loans.
We also know you may not have time to visit our Goshen car dealership. As a result, you can make your car purchase online at your nearest Toyota dealer. You’ll also receive a deal sheet that outlines all the transaction details, including the financing or leasing option you’ve chosen.
Financing a Car
When financing a car, you take a personal loan and use the funds to pay for the vehicle. The financing options for your car can include banks, finance companies, online lenders, credit unions, and some Goshen car dealerships. You’ll need to make monthly repayments of the principal and interest.
Leasing a Car
Leasing a vehicle is simply renting a car from a Goshen car dealership for a fixed period. You make monthly payments over the entire lease period and then return the car at the end of the lease.
Lease vs Purchase
If you opt for Toyota leasing, you repay the difference between the vehicle value when new and its expected value at the completion of the lease period.
Advantages of Leasing
• Car warranty protection that lasts for the initial three years
• Lower monthly payments
• Less initial payment
• Worry-free maintenance
Disadvantages of Leasing
• You don’t own the car after the lease period
• Strict mileage limits
• You pay an additional cost for any wear and tear
Buying a vehicle means you take outright ownership by paying cash or getting an auto loan. You may pay a higher price tag than leasing if you purchase through a car loan, but the vehicle is yours immediately after making all monthly payments. You can also choose more affordable options like used cars at your nearest Toyota dealer.
Pros of Purchasing a Car
• No mileage restrictions
• You can trade-in or sell the car after paying the auto loan
• No worries about dealer wear and tear charges
Cons of Purchasing a Car
• You’ll bear the depreciation costs
• High monthly payments
• Bigger down payment
Toyota Auto Finance Made Easier at Heart City Toyota
Toyota financial services make it easy to buy your dream car from Heart City Toyota. Take advantage of the Toyota finance specials and browse our selection or visit our dealership to own your dream car today.
