You likely have multiple questions for us when stepping through our dealership doors. Whether you’re making a purchase or signing up for a lease, our Toyota financial service can provide prompt assistance. Learn what our finance department provides.
Toyota Financial Services (TFS) Program
The TFS program applies to all new Toyota models in our inventory. To qualify, customers must meet the following:
- Have held a full-time job for the last six months
- A minimum FICO score of 610
- A maximum payment-to-income ratio of 20%
- Obtain three personal references
We assist customers of varying buying scenarios. This includes those who wish to purchase a pre-owned car and those who plan to trade in their existing car. Before visiting our dealership, we advise visitors to use our Toyota loan calculator. Just keep in mind that the calculator provides a general estimate.
For a more precise budgeting plan, schedule a visit with Heritage Toyota Catonsville.
How to Improve Your Credit Standing
We suggest spending a few months to improve your credit history if it isn’t in the best standing. This will increase your chance of eligibility for the TFS program and help you acquire the best possible loan rate. Consider these actionable steps:
- Resolve all past-due payments
- Get added as an authorized user of a family member’s account with an existing good credit
- Refrain from closing old and unused credit accounts. Keeping the accounts open helps you maintain a lengthy credit history
- Don’t apply for multiple credit cards at the same time. Every time you open a new account, the bank opens a hard inquiry, which shows up on your report and can cause a temporary dip in your score.
We provide financial services for the purchase or lease of all models, including the Toyota Tacoma and more. We make the financing process fast, convenient, and simple.
