What to Expect When Financing a Vehicle in Canton, GA

If you’re nearing the end of your car-buying journey and ready to finance a new or used vehicle from us here at Cherokee County Toyota, congratulations! You’re just a few steps away from driving home in a model you love. Many customers worry that financing a vehicle will be stressful and tedious, but our team works hard to streamline the financing process and keep you informed. Transparency is important to us, and our expert finance team will be more than happy to answer all your questions along the way. Remember, you’re not alone — we’re on your team, and it’s our top priority to help you find the financing solution that works with your lifestyle and budget. We also want you to feel confident and fully prepared when you sit down in our finance department, so below, we’ve listed things to do, what to bring and terms to know before your visit. Take a look to learn more.

What do I need to do beforehand?

Before you decide on a new or used Toyota, consider these questions:

1. What’s my credit score?

Customers with high credit scores are more likely to qualify for APR offers and other financing incentives. However, if you have a low credit score or no credit, contact us and we’ll talk through your options.

2. What are the interest rates lenders are offering?

Before you visit us, do some research on the interest rates offered by several other lending institutions. This will help if you want to negotiate the offer we give you.

3. What can I afford?

It’s important to know your budget and how much you can comfortably spend per month on a car payment. Coming prepared with this information can help you avoid picking a car you truly can’t afford. Once you know your credit score and an estimate of your loan amount, try out our online payment calculator to see what your monthly payments could be.

What documents do I need to bring?

If you’ve picked out the perfect new or used vehicle, bring these documents when you’re ready to sign on the dotted line.

1. Proof of income.

Please bring a copy of your pay stub from the previous month and a summary of what you’ve been paid in the past year. If you have multiple jobs, please bring a pay stub and year-to-date payment summary for each employer.

2. Credit and banking history.

3. Proof of residence.

Please provide mail with your name on it that you received at your residence. A mortgage statement is a great example.

4. Proof of insurance.

Bring proof of insurance on the vehicle you’re currently driving and it will be easy to transfer your coverage over to your upgraded ride.

If you decided to finance with a different lender (as opposed to our finance department),
please bring proof of your approved loan as well.

What determines my loan terms?

Your loan term is determined by a variety of factors, including your credit history, credit score, current income, debt and history with your car insurer. Once we receive your finance application , our team will run a credit check and then follow up with some questions about your income. This will help us determine your eligibility for a loan (and what your loan terms would be). If you have a high credit score, your terms will be more favorable, but don’t give up if your credit score isn’t where you’d like it to be. Our team has worked with a wide variety of credit scores in the past, helping many customers from Alpharetta and the greater Atlanta area find financing solutions, and they’re ready to help you too. Send in your finance application today — we can’t wait to hear from you!

Let’s talk. If you’d like to purchase a vehicle or want to know more about how to finance in Canton, GA, drop by Cherokee County Toyota at 301 Liberty Blvd, Canton, GA 30114 for a test drive. We look forward to serving our customers from Alpharetta and the greater Atlanta area.

What to Expect When Financing a Vehicle | Canton GA