Thompson Toyota can help you buy the car of your dreams! Our professional financing department helps customers secure a car loan in the Doylestown area, or find a customized new car lease option. We can even help Pennsylvania residents with less than perfect credit get an auto loan. Fill out our financing contact form below if you would like to have us get in touch with you to answer any financing questions. Or apply online right now using our online finance application. You can also call us at 1-800 THOMPSON, or stop by our Toyota dealership at 122 W. Swamp Rd., Doylestown, PA 18901 to speak to an experienced new and used car loan professional today!
You may qualify for excellent lease and financing programs. We're here to assist with buying a new Toyota, or a quality used car. Call Thompson Toyota at (215) 345-9460 - we can help!
122 W. Swamp Rd.
Doylestown, PA 18901pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.