Close Financing Your New Car - How Much Can I Afford?
We want our customers to be happy with whichever new vehicle they buy from us and part of the satisfaction of buying a new vehicle is getting the car you want and staying within your budget.
Toyota vehicles are competitively priced. With Toyota, you can buy the following brand new models for under $25,000: Tacoma, Prius, RAV4, Yaris iA, Corolla, Corolla iM *https://bestcompany.com/car-brands/company/toyota
There is no one right answer to how much you should invest in your transportation. Some experts suggest that all your automotive expenses (gas, insurance, car payments) should not exceed 20 percent of your pretax monthly income. Other experts say you should find a car that costs roughly half of your annual take-home pay. Everyone needs to make their own personal decision, but we want you to have all the information you need to make an informed decision.In the video at right, our General Manager, JP Phillips and Sales Manager, Chad Millhollin discuss how the finance department services are an advantage for Toyota of Des Moines customers.
Buying A New Vehicle, Lease or Pre-owned
Buying a new vehicle gets you the latest in technology and design. The most up-to-date offerings are in our showroom and in our inventory on the lot. This includes Toyota’s best-selling models, like the Camry, Corolla, Highlander, RAV4, Prius, Tacoma, Tundra and 4Runner. In fact, Toyota vehicles are listed frequently and consistently in the annual best-selling vehicles of the year reports, like this recent article from Car and Driver, “25 Best-Selling Cars, Trucks, and SUVs of 2020”, scoring six Toyota vehicles in the top 25:
#4 Toyota RAV4
#6 Toyota Camry
#10 Toyota Tacoma
#11 Toyota Corolla
#14 toyota Highlander
#25 Toyota 4Runner
https://www.caranddriver.com/news/g32006077/best-selling-cars-2020/
Is a Lease Right for You?
- Since a lease is usually for three years, the vehicle is always under warranty. You avoid the hassle of out-of- warranty repairs and costly maintenance. You do have to pay for routine maintenance, but that usually involves just oil changes and tire rotation. You can avoid maintenance costs altogether if you lease a new car that has a free maintenance program.
- You have the opportunity to buy the leased vehicle. The finance company sets the purchase price at the beginning of the lease, and often that's the current market value of the vehicle at the end of the lease.
- Leasing protects you against unexpected depreciation. If the market value of the car unexpectedly drops because of a shift in the market, brought about by such things as rising gas prices, you aren't hurt. Conversely, if the lease car holds its value especially well, you can buy the car at a bargain price at the end of the lease and either keep or resell it.
- Leasing offers an attractive tax deduction if you use the car for business. See your accountant for the best advice on leasing for business.
- Leasing provides a new car that has the latest safety, technology and comfort features.
Buying a Toyota Certified Used Vehicle is a great option
Toyota’s certification program is one of the best in the industry. Here’s our General Manager, JP Phillips on the TCUV program at Toyota of Des Moines.
- Only trade-in vehicles that meet the requirements can be certified.
- 160-point inspection.
- We usually have 30 - 40 Toyota Certified Used Vehicles in the dealership inventory. And since we sell a lot of new cars, we’re taking a lot of trade-ins every day.
If you’re looking for a certain Toyota model of Certified Used, give our Sales Team a call and let them know. They will have your name on their list as new trade-ins come in.
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