What Credit Score is Needed for Toyota Financing?

 For many drivers, car financing comes with a lot of questions and uncertainty. While some people can afford to drive off our lot in a new Toyota car by simply paying in cash or writing us a check, the majority need to take out a car loan. Here at Bell Road Toyota, the professionals at our Toyota financing center understand that prospective buyers often wonder about how their credit score will affect their car loan. 

Subprime Financing

Your credit score is one of the biggest factors that goes into the interest rate that you’ll be paying on the loan of the 2021 Toyota Corolla or other Toyota model. While it certainly is helpful to have a high credit score when taking out an auto loan, our finance center offers subprime financing for drivers with poor credit or no credit. We have been working with new and used car buyers of all credit levels and financial situations for years, and we are excited to get you the best possible financing offer. 

Things to Consider When Applying

Drivers facing credit situations like foreclosure, repossession, divorce, and bankruptcy can still apply for a car loan here at Bell Road Toyota. If you are in a subprime credit situation due to one of these factors, our Toyota finance team will take the time to consider a variety of different factors, including:

• Credit history
• Debt-to-income ratio
• Available down payment
• Vehicle trade (if applicable)
• Choice of used vehicle
• Total loan amount requested

If you want to get started with the auto lending process, you can apply directly here on our website. Of course, you can also stop by our dealership to talk to friendly finance representative.