Financing

Financing With Toyota of Denton

We Offer Simple, Fast Financing for Everyone

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Budget Friendly Solutions

We offer a wide range of carefully selected financing options from among the most competitive and affordable lenders available.

Fast Application Process

Our Finance Department will work with you to complete your personalized credit application as quickly as possible.

Honesty and Integrity

Our finance process is completely transparent and our lenders will keep your personal information private.

Here at Toyota of Denton we have a team of financing specialists who work hard to develop a wide range of loan options for our entire range of new, certified pre-owned, and used vehicles. Our team of experts will work with you to learn more about your needs, wants, and budget. We do this to help fully understand how best to custom tailor your financing to best meet your needs. Our goal is to be able to put you in the vehicle you desire and keep your payments within a range you can easily afford. The best part is that our financing team can find the loan you need despite the many credit challenges you might be facing.

Our team of financial experts make use of three main factors when considering your application and how best to proceed with it. These factors include:

  1. Vehicle You Are Purchasing: We start with the new or used vehicle you are considering buying including details such as year, make, model, and selling price.
  2. Your Credit History: The loan rates you may be offered will be based on your personal credit history, your job history, and how much you are currently earning.
  3. How Much You Have To Put Down: Typically this figure includes the amount you have to put down in cash and the value of your trade-in.

During the application process our team of financing specialists will work with you gather all available information needed to complete your application. For those who prefer not to spend time working with our team in person, we also offer a secure online application that can be used to get the ball rolling. At Toyota of Denton we also offer an exceptional selection of used Toyota and non-Toyota vehicles at very affordable rates for those who are not in a position to buy a new Toyota. Let our sales team show you our selection.

How Your Payments Are Affected

Total Amount Financed Number of Months Financed Annual Percentage Rate Monthly Payment Details
$17,500 60 months 10.00 $372 Standard financing
$15,500 60 months 10.00 $335 Reducing 10% of the financed amount equates to 10% less in payments
$17,500 66 months 10.00 $346 Increasing length of loan by 10% equates to a 7% reduction in monthly payment
$17,500 60 months 9.00 $363 A 10% reduction in interest equates to a 3% payment reduction

Your Credit Score Explained

If you are like most Americans, you probably know that there are three main credit reporting agencies used in the U.S. However, the average American really does not understand how these agencies arrive at their credit score rating. Each agency uses similar techniques to arrive at your credit score based on statistical data that can be used to determine your risk factor with regard to making major purchases.

All three agencies use the same basic credit score range running from approximately 350 points to 850 points. Bear in mind that the further your score drops below 850 the harder it will become to obtain a loan and the higher your interest rates are likely to be. Factors considered when determining your creditworthiness include, but are not limited to:

  • Your payment: This is based on how many of your accounts you are late in paying and how often you are late.
  • Your debt load: This factor takes a look at how much debt you have and your debt to load ratio.
  • Your current credit accounts: This looks at how many current lines of credit you have open.
  • Your credit Inquiries: This looks at how many hard credit inquiries you have had recently.
  • Public records: This looks at whether or not you have any public judgements or lines you have.

Have You Considered Leasing?

If you are not ready to buy a new or used vehicle, you may want to consider leasing your next new Toyota. At Toyota of Denton we offer a range of leasing options with many starting at only 24 months. Our financing experts are here to walk you through the entire leasing process to ensure you still get the best possible rates and payments. They are here to help you understand the many benefits offered by leasing instead of buying.

When you lease a vehicle you may find you need less for a down payment and that your payments may be lower. Once your lease is over, you can use the lease vehicle as a trade in against your next new Toyota. At the same time you can simply return your leased Toyota and walk away, choose another new Toyota and renew your lease, or pay off the residual and buy your Toyota outright.

At Toyota of Denton we offer great deals on our entire inventory of top quality new and used Toyota vehicles with financing that can be modified to meet your specific budget and needs.

  • What To Bring With You
  • A Valid Driver 's License
  • Proof of Insurance
  • Proof of Current Income
  • Proof of Current Residence
  • Proof of Current Phone Number
  • In some cases, you may be asked for additional information. We’ll walk you through every step of the way and respect your privacy and concerns.
  • Payment Estimator
  • Your Monthly Budget
  • Many lenders suggest that you spend less than 15% of your gross monthly income (GMI) on your car payment monthly. Some examples include:
  • $2000 GMI = $300 or less per month
  • $4000 GMI = $600 or less per month
  • Monthly payments normally range from $20 - $25 per $1,000 financed.