Finance
We Make Car Financing Easy In Malvern, PA
For many drivers -- especially those who may be knew to the purchasing process -- financing your car can be nerve-wracking. After all, it requires number crunching, looking at specific circumstances, and weighing the benefits between leasing and purchasing. Not to worry, though! Our team is here to help you every step of the way, ensuring you always have the assistance you need from our team of friendly experts.
Furthermore, we have made financing more efficient. With our online financing application, you can easily get started on the purchasing process from the comfort of your living room couch. Even better, you can check out our new Toyota specials on our lot, all of which offer you a versatile and reliable experience on the road for a competitive price.
Start Your Application Today!Competitive Rates
No Hassle Credit Checks
Flexible Payments
Leasing and Purchasing: What's the Difference & Which Is Better?
Many of the people who visit us wonder what the differences are between purchasing and leasing. More importantly, which one is going to offer you the best investment quality based on your driving habits and budget?
While neither leasing nor purchasing are objectively better than their alternative, one option can be the best for you depending on certain factors. So what are the differences between these two options, and how do you judge which one is best for you?
Buying a New Toyota or Used Car
Purchasing is best for drivers who want to own their vehicle. When you buy a car, you are actually taking out an automotive loan to cover the initial cost of the car (minus your down payment). That amount is then broken down over a span of months, which creates your monthly payment. Your interest rate on that loan is directly related to your credit score, too.
Additionally, you can take care of your car on your own terms and schedule, drive as far and as often as you want, and not have to worry about condition requirements that come with leases.
Toyota Leasing
Leasing is very similar to renting an apartment. While you don't own the car you lease, your monthly payments are often more affordable (since leasing prices are predetermined, and purchasing a car is dependent on the amount of life of your loan). However, leased cars are subject to condition requirements and mileage parameters, both of which are perfect for city drivers and professionals, but not ideal for those who are driving long distances every day.
No matter which option you are interested in pursuing, we can help you find a specific car that suits your needs and a purchasing plan that complements your budget.
Frequently Asked Questions
Ready to Begin?
Finance Your Toyota With Our Expert Team
After you have found the Toyota model that is right for you -- whether that is a sedan, a truck, or an SUV -- and after you have taken it out for a spin or two with a team member of ours, your next step is to explore the different financing options that are available to you. This process can appear daunting or stressful to some, due to the fact that it involves a lot of number crunching and contract reading. With our team, though, you can be confident that we will help you every step of the way and ensure you get the purchasing plan you need.
No matter if you buy your car, or you decide to explore leasing, our team will be here to answer all of your questions and help you every step of the way!
Buying a Car
The main payment style that many of our customers pursue is purchasing a car. There are a lot of benefits that come with this method of payment, too. You get to own the vehicle -- effectively allowing you to drive as much, go wherever you want, and do whatever you want to the vehicle. That is very important to a lot of drivers; it provides them with the freedom they are looking to have.
However, the majority of drivers will have to take out a loan to cover the initial cost of the vehicle they are interested. This is normal, as most drivers do not have $20,000 in their pocket when they arrive at our dealership. However, some drivers do not like having to deal with loans. For those who want an alternative, more flexible plan, leasing is available to consider.
Leasing a Car
When you lease a car you get different kinds of freedoms than you would get from purchasing a car, along with certain restrictions. Firstly, you do not need to take out a loan when you lease a car. Your monthly payments will also probably be more affordable -- leases have a predetermined monthly amount that you can budget for, whereas your monthly payment after purchasing a car is dependent on the size and length of your automotive loan. When you lease a car, you are also never tethered to a single car for a long period of time. After your lease is up, you can bring it back to our dealership and decide what you want to do with it: return it, lease a different car, or even purchase the car you were leasing. It's this freedom that makes leasing great for drivers in need of professional vehicles, for instance.
However, leasing has its own parameters: you have to abide by certain mileage restrictions and you have to keep your car in good condition. Failing to do either of these things could cost you more money when you return your leased vehicle to the dealership.
Ready To Learn More?
We know that financing can seem like a scary process, especially to those who have never gone through it before. That is why we have a helpful team of experts available to assist you at a moment's notice!
If you have any questions about financing, or if you would like to see our new Toyota vehicle specials, you are always welcome to visit us at Sloane Toyota of Malvern to learn more! Our team, located in Malvern, PA, is always here to assist you with your vehicle-related needs, from purchasing to servicing.
Additionally, if you want to get a head start on the purchasing process, you can fill out our online finance application. Not only will it expedite your experience, it will help streamline the purchasing process.
We are proud to serve drivers throughout Glenside, Jenkintown, Willow Grove, Trevose, Horsham and Ambler.
Please also check out the following financial services in more detail: