Car buying is an interesting experience. Whether it’s your first or your fifth, not everyone has the price on-hand in cash to buy their vehicle outright. Even if many people do, they might not want to part with their hard-earned cash all at once when it comes time to purchase a vehicle. That’s where car loans and vehicle financing come in handy. Let’s talk how we do it here at Whitehorse Toyota.
There’s a difference between someone capable of completing the paperwork and a team of finance experts. Here at Whitehorse Toyota, we only have the latter. Our educated and experienced finance team has long-standing experience in the industry and know how to find the best finance program for you.
We don’t submit your application all over the place for approvals; we analyze your application and unique credit history to see what options make the most sense for your family, lifestyle, and budget. This helps us offer you the best rate available to you, and set up the best payment schedule.
On top of just helping you find a great car here in Whitehorse, we can also help you build your credit. If you’re a student or have simply never had a loan before, we can help. We have unique student/grad financing offers and discounts available, as well as resources to help you build your credit. If you’ve had credit slip-ups in the past, we can also help you find a bad credit car loan and then work towards building your credit back up to where you want it to be.
When you have a vehicle loan, you’re able to use it as a stepping stone to improved credit, no matter where you’re starting. Making your payments on time and in-full will avoid having your bills sent to collections, and will show as open an positive loans with no “strikes” against you.
When you finance, we take the price of the vehicle that you’re purchasing and set up payments towards the full cost of that vehicle over a pre-set period of time; often three or four years. From there, we use your available interest rates to determine what amount of interest will be calculated onto your loan. These payments will, over time, result if you owning the vehicle outright and eventually you’ll have no more payments!
How does it work? You complete an application (here online, or in-person). From there, our finance experts analyze and submit this application for approval. The available rates and payment plans will be reviewed with you to select which one works best for you. You can choose your dream car before submitting an application, or after if you’re not sure what size of loan you might be approved for.
When you lease, we’re setting up a payment schedule (again, for a period of time that is usually three or four years), but to use the vehicle. Once your lease is over, you simply return the vehicle and move into your next great car or truck. This will keep you up-to-date in the technology department, as well as the style department. We often see shoppers lease vehicles when they aren’t staying in the area for long, or when they prefer to change vehicles often, without the commitment of trading in another vehicle or selling their previous vehicle.