Bert Ogden Toyota: A Helpful Guide to Auto Financing

Bert Ogden Toyota is here to help you navigate the ins-and-outs of auto financing so you can secure an affordable payment plan, favorable loan terms and more. But in the meantime, we’d like to arm you with knowledge about the Toyota finance process so you can make the best decision about how to buy a RAV4 or Camry in a way that matches your budget.

Stop by our Toyota dealer near Pharr to learn from our auto financing pros about current APR offerings, how to apply a trade-in value toward a new car and other important details. We’ll show you how to save big on your new Toyota Highlander or Tacoma so you drive home happy with your financing solution as well as your new ride. Bert Ogden Makes It Easy to finance a Toyota you love today!

close up of someone signing a contract with car keys in sight
Happy couple enjoying while choosing and buying new car at showroom.

Toyota Financing FAQs:


What credit score do you need for Toyota financing?

The credit score needed for Toyota financing can vary depending on the specific lender and other factors. However, generally, a good credit score for auto financing is considered to be above 690. That being said, first-time car buyers with no credit history or borrowers with poor credit may still qualify for a subprime auto loan or they could finance a car with a cosigner.


Who has the lowest auto loan rates?

Typically, car dealerships like Bert Ogden Toyota offer the lowest interest rates on car loans because they offer exclusive financing incentives. However, the lowest auto loan rates can vary depending on multiple factors such as the borrower’s credit history, the loan term and the lender. It’s best to shop around and compare rates from different lenders to find the lowest rate available to you. This could be local credit unions or banks as well as our Southern TX Toyota dealer.


What is APR in simple terms?

APR stands for Annual Percentage Rate. In simple terms, it is the cost of borrowing money, expressed as a yearly interest rate, including any additional fees or charges. The APR gives a more comprehensive view of the overall cost of the loan, making it easier to compare different loan offers. Ask about our APR offers and new Toyota specials you may be eligible for!


Is it better to buy or finance a used car?

Whether it’s better to buy or finance a used car depends on individual circumstances and preferences. Buying a used car outright with cash means you won’t have any monthly car payments, which frees up your monthly budget for other expenses. On the other hand, financing a used car can allow you to spread out the cost over time and potentially afford a higher-quality vehicle. It’s important to consider factors like your budget, interest rates and the condition of the used Toyota you’re eyeing.