Very few car buyers are able to completely pay the vehicle in full upfront; the majority of buyers will need to apply for financing. This applies to car purchases and even some repairs.
Your best bet is applying for Toyota financing in Baltimore, MD. We’ll explain why this is the best option.
Qualify for a Loan the Same Day You Buy a Car
Sure, you can apply for a loan at a bank or at a third-party lender. However, this entails a whole separate step, and there may be additional pre-qualification hurdles you’ll have to jump through.
When you apply for financing at a dealership, approval is normally completed within the same day. That means you drive away in a new car and get your financing taken care of all within one visit to a single location. You kill two birds with one stone.
Promotional Pricing
By applying for financing at a dealership, you may be able to take advantage of promotional offers, such as a loan with 0% APR for the first 12 months. You do need excellent credit, though, to be eligible for such offers.
With a dealership’s financing, there is also more wiggle room for negotiating the loan’s interest rate and terms. The conditions are not set in stone as much as it is with a bank.
At a dealership, the dealer has more leeway to get you approved even if you don’t have the best credit. With that said, you should spend several months getting your credit score up before visiting a dealership if you want the best interest rates.
Contact Us to Learn More
Visit Heritage Toyota Catonsville and speak with one of our finance representatives today. Qualify for a loan for the purchase of a Toyota Highlander or other Toyota model of your choice!
