How to Save Money in the Finance Department

Open Today! Sales: 9am-6:30pm
Call us at: (205) 553-3325

How to Save

Are you ready to buy that dream car, but don’t quite have the money to pay for it all upfront? With financing, you take out a car loan from a credit union, bank or automaker and make monthly payments on the loan for a set number of months. An advantage of financing is that it frees up your money for other life expenses. Also, it gives you the ability to purchase a car that you might not otherwise be able to afford if you had to pay for it all in cash. If you act proactively, you can reduce the amount of money you’ll pay over the life of the car loan. Here are some ways on how to save money in the finance department in the purchase of a car.

The availability of attractive loans depends on your credit rating. If you have a higher credit score, you greatly improve your chances of getting the best financing terms from a lender. If you have low credit score, you’ll be unlikely to get a loan on terms that you find acceptable.

There are a number of things you can do to improve your credit and overall credit score. You can start by looking at your credit report, which can be obtained for free once a year from each of the three major credit bureaus (TransUnion, Equifax, and Experian). You can check for any errors or late payments which could potentially lower your credit score. It is critical that you consistently pay all your bills on time, for your payment history contributes to 35% of your FICO credit score calculation. Additional things you can do improve your credit score include reducing the amount of debt you owe, keeping the balances low on your credit cards and paying off your debt instead of moving it around.



toyota-financial-services

Hours of Operation:

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 6:30 PM
  • Sat9:00 AM - 5:30 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 6:30 PM
  • Sat7:00 AM - 4:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:00 AM - 6:30 PM
  • Sat7:00 AM - 4:00 PM
  • SunClosed
Finance Hours:
  • Mon - Fri9:00 AM - 6:30 PM
  • Sat9:00 AM - 5:30 PM
  • SunClosed
Rent a Toyota Hours:
  • Mon - Fri7:00 AM - 5:30 PM
  • Sat7:00 AM - 4:00 PM
  • SunClosed

Additional Money-Saving Measures

It is important to thoroughly examine your budget and determine how much you can spend on monthly car payments and the down payment of a car loan. On this website, we have a useful payment calculator tool to see what your monthly payment and total loan amount will be over the life of the loan. Additionally, you can significantly reduce the amount you spend on a car purchase if you have a car to trade-in, so it is helpful to determine its trade-in value. Also, when evaluating your budget, you’ll also need to factor in such expenses like maintenance costs and insurance payments. From there, the most challenging part is sticking to your budget plan and continuing to save what you need.

It is also helpful to get preapproved for an auto loan before you go car shopping. Apply to several banks or credit unions to see who can give you the best rate and terms. You can also get pre-approval for financing by filling out the online form on our website. Here at Tuscaloosa Toyota, we have a helpful and friendly team of financial specialists who can answer your questions and work on a financial plan that fits your budgetary needs. Also, be sure to check out our no-cost non-factory Lifetime Warranty, which extends the standard Powertrain Warranty for any new Toyota model. Feel free to contact us, and we’ll get you on your way to purchasing your dream car.

Tuscaloosa Toyota is located at: 3325 Skyland Blvd E • Tuscaloosa, AL 35405
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(205) 553-3325

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3325 Skyland Blvd E • Tuscaloosa, AL 35405

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Today's Hours:

Open Today! Sales: 9am-6:30pm

Open Today! Service: 7am-6:30pm

Open Today! Parts: 7am-6:30pm

Tuscaloosa Toyota

3325 Skyland Blvd E Tuscaloosa, AL

Phone: (205) 553-3325

https://www.google.com/maps/place/Tuscaloosa+Toyota/@33.168678,-87.493802,15z/data=!4m5!3m4!1s0x0:0xc64f953343b6a225!8m2!3d33.168678!4d-87.493802

Parts

Phone: (205) 561-2033

3325 Skyland Blvd E Tuscaloosa, AL

Sales

Phone: (205) 553-3325

3325 Skyland Blvd E Tuscaloosa, AL

Service

Phone: (205) 561-2048

3325 Skyland Blvd E Tuscaloosa, AL
33.169697 -87.496615
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Tuscaloosa Toyota
Tuscaloosa Toyota
3325 Skyland Blvd E
Tuscaloosa, AL, 35405 US
(205) 553-3325
https://di-uploads-development.dealerinspire.com/tuscaloosatoyota/uploads/2019/06/TuscaloosaToyotaOGImage.png
Tuscaloosa Toyota 33.169697, -87.496615.