Getting car financing can be difficult for people with poor credit, but it may be easier to get it through the Toyota dealership. Dealership financing benefits people with great credit scores, too, as there are lots of offers available directly from Toyota that the dealership has access to.
1. Unlimited Choices
When you focus on finding the car that’s right for you and your family first, you can be certain you’re getting the car that meets all of your needs. Once you’ve found the perfect car for you, all you have to do is apply for financing at the dealership selling that vehicle, and then you can get the car you’ve carefully picked out.
Other lenders can limit your choices as they may have a network of dealerships they work with that they ask you to buy your vehicle from. The car you’ve fallen in love with may not be available at any of those dealerships, so financing your car through the dealership selling that vehicle is a great way to make sure you get what you want.
2. Access to Great Offers
The offers you have access to are limited when you finance your car through a bank or another traditional financial institution. However, Toyota dealers have access to great offers straight from Toyota, so if you’re a well-qualified buyer, then you could get a loan with interest rates below the national average.
The available offers change regularly, but an example of a common offer is just 3.99 percent interest on some Toyota models.
3. Financing Options for More People
Dealerships allow people with poor credit to apply for financing, and you’re much more likely to get approved for financing from a dealer than from another lender if your credit score is low. This is because dealers work with many different lenders, some of whom are willing to lend to people who don’t have great credit. This lets more people get access to car financing.
4. Quick Process
Dealerships act as the middleman and send your loan application to multiple lenders, so there’s no loan shopping for you to do. Financing applications also tend to be approved quickly. This lets you get a new car a lot faster than you’d be able to when shopping around for a loan and getting financing from another lender.
5. No Hassle
With dealership financing, buying a car only takes one trip. You only visit the dealer after you’re approved for a loan, and then you can meet with the finance office, test drive cars, trade in your old model, and take your new car home in one outing. It’s as hassle-free as possible from start to finish.
Come to Livermore Toyota in Livermore, CA, to finance your new Toyota. Get pre-approved on our website today.
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