Muller Toyota, Serving Bridgewater, Flemington, Washington Township and Easton PA, is Proud to Offer Automotive Financing Solutions in Clinton
Whether you would like to take out a car loan, or think a Toyota lease is the best option for you, Muller Toyota is here to work with you to find the best option. We have automotive financing experts on staff who can work you through all of our wide array of options to find the right one for your new Toyota Camry, RAV4, Tacoma, Corolla or Highlander. And we'll work just as hard for you if you are in the market for a used car instead.
If you are ready to get started on the process, fill out one of our contact forms online, which is the simplest way to get in touch with our finance or sales department. But, if you would prefer to speak in person, we are conveniently located in Clinton, and we proudly serve the entire surrounding Bridgewater, Flemington, Washington Township and Easton PA areas as well.
Buying vs Leasing
Buying a vehicle is exactly how it sounds. Once the loan is paid in full, the vehicle is the owners to keep. They can drive as much as they want, modify it, and don't need to worry about small cosmetic damages. Once the new car warranty expires, however, all repair costs come directly out of their pocket. There's no knowing what the resale value of the vehicle will be either.
A lease is basically a long term rental where the driver pays the difference between the new car price and the predetermined resale value at the end of the contract. A new car warranty likely covers the car for the duration of the contract and it's easy to trade-up at the end of the lease. A lease's terms might limit how many miles one can drive, what modifications they can make, and may charge additional fees for damages.
A credit score is essentially a number between 350 and 800 that helps a lender determine how much of a risk a borrower is. For example, a credit score of 760 tells a lender that a borrower is a low risk and is very likely to repay the loan in full. A borrower with a credit score of 520 indicates past credit problems and could be a higher risk for the lender.
While it's still entirely possible to get a loan with a low credit score, its more than likely the loan will come with a higher annual percentage interest rate, or APR. Essentially a charge for using the lender's money, the APR can significantly change the amount owed. A lower APR will come with a high credit score and vice versa.
If a borrower has no credit, there are still loans available. Our wonderful finance department is more than happy to help a buyer with no credit secure a loan.