Your Auto Financing Questions Answered
Your Auto Financing Questions Answered in Dothan, AL
New to the car-buying process? No worries — our team here at Toyota of Dothan makes it easy. While the idea of purchasing or leasing a new Toyota may seem overwhelming, our friendly finance team has been helping guests from all over Ozark and Enterprise obtain their dream ride at a fantastic price. We’ll provide full transparency start to finish — and get you in and out in record time. Curious about what impacts the pre-approval process? Keep reading to learn more!
Our Financial FAQs
What is the range of credit scores?
Per Equifax, your credit score will run in the range between 300 and 850. In addition, this scale is broken down into the following categories:
Remember, the higher your credit score, the better your options will be. Regardless of what category you land in, the team here at Toyota of Dothan will be happy to help you obtain the right financial plan for you.
How can I improve my score?
Patience is key when it comes to improving your credit score since you most likely will not see immediate results. However, it’s still worth it to take some steps in order to improve your credit. First things first, you want to check your credit report for any possible errors by requesting your report from one of the three credit bureaus: TransUnion, Experian and Equifax. Next, you'll always want to make sure your payments are on time and paid in full. Last but not least, try your best to stay below your credit limit whenever possible.
How much will my monthly payment be?
Don’t take out a pen and paper to crunch the numbers yourself — we can do it for you! If you already know what your credit score is and have an idea of the interest rate you’ll receive, take advantage of our useful payment calculator. This handy tool will give you an accurate estimate as to what your future monthly payments will be.
How do I get pre-approved?
Getting pre-approved is easy peasy with our online application. Through this, Toyota of Dothan can swiftly pre-approve you for your next loan or lease. Simply provide us with your contact information, employment history and the new Toyota or used model you wish to take home. To boost your chances of getting approved, we highly recommend applying with a co-signer. However, even if that’s not possible, our finance team is equipped to work with many guests that have varying financial backgrounds.
Still have questions we haven't answered? Please don't hesitate to reach out. You can call us at (334) 794-0741, contact us online or stop by Toyota of Dothan at 2285 Ross Clark Circle, Dothan, AL 36301. We welcome customers from Ozark and Enterprise.