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Once you fill out the form above, our specialists will do all they can to find your ideal vehicle, down to specific features.
Now that the vehicle has been decided, we can help you get pre-approved for financing online. No need to leave the house!
We are doing business with many different banks to ensure you are getting the best financial services. Even if you are denied, we can still help.
Once you have been approved, you may also choose your payment terms. Our specialists will help you fit your payments into your lifestyle.
Buying a new car is an excellent start to a good credit score and Nanaimo Toyota is happy to help. Stop waiting and get on the road in your new Toyota Vehicle!
Our finance sources can help anyone, no matter their credit history. We can work out a solution to get you the credit that you need to own a safe and reliable vehicle.
Many Toyota buyers are getting their first vehicle ever. At Nanaimo Toyota, we know Toyotas are a great choice as a first vehicle for anyone at any age.
In addition, we are also offering many benefits in order to help our customer enjoy their new vehicles. Contact our financial department today to learn more!
All buyers should bring:
Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what youll need to buy or trade in a vehicle with Nanaimo Toyota, call ahead of time and speak with a Sales Consultant.
Four main factors determine whether you get approved for a car loan:
For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.
Once youre approved for a car loan, three factors will affect your monthly payment (in order of importance):
We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at Nanaimo Toyota.
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
Your credit score is a number that helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Typically, your credit score ranges from about 350 to 850, and is essentially meant to forecast how (and if) you will pay your bills. In general, the higher your credit score, the more likely you are to get approved for a car loan.
The systems that generate your credit score look at your credit report, and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:
Do you prefer to drive a new vehicle that will always be under warranty every few years? Thats one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.
There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are happy to help you find the best option for you. Click here to contact us to learn more about this.
Of course. Many Nanaimo Toyota customers qualify for financing on their first vehicle purchase.
If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.
Stipulations for college students vary by finance company. Check with a finance professional here at Nanaimo Toyota for more information.