Your Credit Doesn’t Hold You Back
Tri Mac Toyota has a special “Credit Rehabilitation Program” meant to help you rebuild your credit, should it need the help! We’ll work with you to develop a financing plan and then, as you make your car payments, you rebuild
your credit and improve your credit rating!
Any type of credit, from good to bad, can qualify for an auto loan, we promise! No credit? No problem; we’ll work with you to secure a no-credit car loan. Tri Mac Toyota has very strong relationships with financial institutions throughout Nova Scotia, and is committed to finding you the perfect car loan company to address your car finance and lease needs.
Nova Scotia Financing and Leasing made Easy
Low-interest car loans are also available for customers with existing loans; we will help you refinance your car loan or even adjust the term of the contract. Now you’re just a step away from Nova Scotia finance or lease approval! Click here to fill out the application form, and we’ll get back to you within 24 hours.
Financing vs. Leasing
Choosing between financing or leasing your next vehicle is a significant decision, so to help you make an informed decision, let’s take a look at how the two auto-loan plans work:
With financing, it’s borrowing the money you need to pay for the purchase of your new or used vehicle. You pay off the cost in small, monthly payments. You pay a small interest rate determined by a loan company and based on your credit score. If you are purchasing a new car or truck, Toyota Financial Services often has special interest rates available that can be even lower. Your payments can be made monthly, bi weekly or in some cases weekly. You can sell or trade-in the vehicle later.
Putting it simply, leasing is just an alternative method of financing a new car or truck. However, instead of paying for the entire purchase price including taxes you pay only for the portion of the vehicle you are going to use. The value of the vehicle at the end of the lease, sometimes called the residual value, is the responsibility of the financial institution. Rather than paying taxes up front, you pay tax on the payment. The result is a lower, often much more affordable payment. At the end of the lease term, usually anywhere from 24 to 60 months, you may return the car and lease another, buy the vehicle for a pre-determined amount or walk away. Payments may be made monthly or bi-weekly on a lease.