There are loads of benefits that come with purchasing a used Toyota vehicle including lower prices, sustainability, and resale value. Once you’ve test-driven and found the perfect used vehicle from our lot, one of the final steps is financing. Whether you’re curious about payment options, available leases, or loan qualifications, our specialized staff is here to diligently answer any questions. In the meantime, we’ll run you through some of the basics of financing a used car.

The Financing Basics

There are a few aspects of purchasing a used car that may be useful to know before you apply for Toyota financing. First off, it helps to have a higher credit score, but that’s not the only way to get approved for leases and loans. If you have a lower score or not much credit built up, it can help to take out a private loan or to have a cosigner. Regardless of your financial status, we’ll work with you and your budget to find the perfect financing options.

Looking at Loans

The next step is going over the loan terms for the used Toyota you’re looking to purchase. This includes monthly payments, fees, and interest linked to the way you’re buying the car. These terms are typically centered around an individual’s budget and therefore vary from person to person. St. Cloud Toyota gives you the option to plug in your financial information and calculate Toyota payments for your prospective vehicle before you even step foot into our dealership. This way you can start budgeting as soon as possible.

Financing Pre-Owned

No matter which used vehicle you have your eye on, you’ll instantly benefit from the lower down payment upfront, the lower terms on your payments, and the lower insurance rates. We even offer several used Toyota specials so that you can save even more. You can also feel secure in your investment since used cars typically hold their value for much longer than a new car. The only thing you’ll miss is the new-car smell, but there are air fresheners for that.

All of us here at St. Cloud Toyota are committed to watching you drive off in the used Toyota of your dreams. Visit our dealership today with any further questions you may have about used vehicles or the purchasing process. We’re eager to help!