![]() ![]() In fact, banks typically see lending through a dealership like us as less risky compared to lending to a private party. Payment CalculatorĪbsolutely! We offer financing on all of our vehicles, both new and pre-owned. Check out our current lease offers today or contact us for more information. If you are interested in having the lowest possible down payment, taking advantage of our low or no money down lease specials may be your best option. If you are trading in a vehicle, the value of your trade-in will help cover most of, if not all, of your down payment. You don't necessarily need to have this cash on hand though. There is no harm in putting down as much as possible though, and we would suggest aiming for putting down around 20% to help lower your monthly payments. It is recommended to put at least 10% down on the purchase of a new or pre-owned vehicle, but as little as $500 can be sufficient in many cases. In fact, we will even buy your car from you regardless if you buy a vehicle from us! We'll Buy Your Car This is one less thing you have to worry about when you trade in your car with us, versus selling it privately. In both cases, we will take care of paying off the lien holder and getting the title for your vehicle. If your car is worth less than what you owe, the remaining loan balance will simply be deducted from the value of your trade-in. There are a few things to still be aware of though. Trading in a financed vehicle is very common. BuyĬan I trade in my car that's not paid off? If you like driving a new car every two or three years, prefer lower monthly payments, or drive under 10,000 miles per year then leasing might be the best option.ĭo you want to keep your car for longer than three years? You should probably consider purchasing your next vehicle. Depending on your situation, one may be better than the other for you. One finances the use of a vehicle the other finances the purchase of a vehicle. To shorten your time on-site and to get a head start, fill out our online finance application and let our finance team know if you have any questions.Leases and loans are simply two different methods of automotive financing. While in the past you may have shopped your financial profile around Derry NH, Nashua NH, Lawrence MA and Methuen MA for the right option, our finance team has established solid relationships with major lenders to have access to affordable auto financing options. Finance Your Next Toyota Model at Canobie Lake Toyota without the HeadacheĪuto financing can be a tedious, stressful process, but our Salem NH finance team is here to help you find the financing option that is best for you. ![]() Whichever you choose, we can provide you with the information you need to make an informed decision. For example, with a loan, you own the car at the end and build equity, but with a lease, you have a lower payment and an easier time upgrading when you turn it in. Each has their pros, so it's really up to you to decide which is the right path forward. There are two main options to pick from when considering your financing options taking out a loan or signing a lease. Which Auto Financing Options Fit You Best? We work with many banks in the Salem NH area and walk you through every step of the process, to make it easier to understand and more efficient for you. At the Canobie Lake Toyota finance team, we can't promise to make setting up a payment plan for your new car fun, but we can promise to make it easier. Budgeting, running the numbers, and figuring out repayment plans are the not-quite-fun part for many Derry NH, Nashua NH, Lawrence MA and Methuen MA drivers. Test driving and researching new vehicles are the fun parts of shopping for any new car, truck or SUV. Welcome to Our Financing Department Long-Term Purchase or Short-Term Lease, All Your Finance Options Can be Found at Canobie Lake Toyota ![]()
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