Frequently Asked Questions

What rate can I get from the dealership?
At Toyota of Denton we have made financing arrangements with a number of local and national lenders. Our selection of lenders were chosen for their ability to offer the widest possible range of interest rates. To find out more we recommend you come in and talk to one of our financial experts.

Do I need to have a down payment?
Thanks to our careful selection of lenders, many qualifying customers can find the financing they need without the need to have any cash for a down payment.

What if I owe more on my trade than it is worth?
In the automotive industry we call this being "upside down" in your trade. A number of our lenders are more than willing to work with you to finance some, if not all of the negative equity in your trade. This is of course based on your qualifications.

What is the maximum amount I can finance?
When you use Toyota Financial to finance your next vehicle, you will find that there is no set maximum financing limit. The same can be said of all financial institutions we use to help you find the best loan for your car. Please come in and talk to one of our financing experts regarding the range of prices for our new and used vehicle.

What is the minimum amount I can finance?
In much the same way as there is no set maximum amount you may be able to finance, there is also no actual minimum amount you will be able to finance. At the same time, the vast majority of our lenders prefer borrowers to finance at least $5,000. Should you need to finance a lower amount, we do have a number of lenders who are willing to work with you.

I have less than perfect credit, what is the minimum credit score I can have and get financing?
At Toyota of Denton our financial experts have located a number of lenders who specialize in financing those who have less than perfect credit. Most use a variety of factors along with your credit score to offer you a loan. Some offer a special "0" credit score option, which does not even take your credit score into account.

I have never had credit before, can I get financing?
Toyota of Denton works with a number of lenders who specialize in first time buyers. We recommend you come in and talk to our financing experts so that they can get you pre-qualified today!