Casey Toyota Finance and Lease FAQ

Buying a car sometimes seems to come with more questions than answers. It helps having someone knowledgeable in your corner. If you have Toyota finance or lease questions, help is close by. Casey Toyota is taking this opportunity to answer a few of our more frequently asked questions surrounding auto financing and leasing.

How Do I Figure Out My Down Payment?

There are two ways to do this. First, use our car payment calculator to run the numbers. Second, cross-check using the 20/4/10 rule (20 percent down, a four-year loan term, and limiting car expenses to ten percent of your monthly income).

Can I Lower My Monthly Payments?

We’re always open to negotiating within reason. However, the most surefire ways of lowering your payments are to leave a higher down payment (so you’re borrowing less), lengthen your loan term (but be careful – that’s more expensive over time), or take advantage of our generous vehicle trade-in values.

Can I Finance a Used Car?

You can. The process is the same as financing a new car; only the numbers are different.

Can I Lease a Used Car?

You can’t lease every used car in our inventory, but many of our Toyota Certified Pre-Owned vehicles are eligible.

When Do Leases Make The Most Sense?

There are a few circumstances in which we suggest a Toyota lease. If you don’t drive much, like having the latest features, cringe at the thought of selling your car, or know some major changes are coming and you want to keep your options open, leasing is an excellent choice.

Are There Ever Times Financing is Better Than Leasing?

We suggest a car loan if:

• You put a lot of miles on your car
• You’re interested in customizing your vehicle
• You’re doing some serious off-roading

Do You Have Any Special Finance Programs or Incentives?

We do. There’s a $750 Military Rebate for eligible US military personnel and their families, vets, and retirees. We also offer special rates and rebates for college students. Ask your Toyota dealer for details.

What if My Credit Is Bad?

We work with multiple lenders and have helped buyers with all kinds of credit histories (or none at all). See how we can help you!

Do You Offer Auto Repair Financing?

We recognize that some repairs can be expensive once your car is out of warranty. That’s why we’re proud to partner with a leading lender to offer car repair financing. There’s zero credit hit to apply, and approvals are quick.

What if I Had Another Toyota Finance Question?

That’s what we’re here for! Call, click, or stop by our Toyota dealership in Williamsburg, VA. Our finance team is here for you while you shop, at the end of your lease, and every point in between!