Get approved in 30 seconds or less
Customers have lots of really good questions about used auto financing. We know — we’ve heard them in our store from many of the customers who choose to finance with us each year!
Below are the 10 questions we hear most often from Del Toro Auto Sales customers about used car financing while they’re conducting their used car research.
Yes, and financing at Del Toro Auto Sales is a quick and transparent process. Let’s say you’ve narrowed your search to a used Toyota or to a GMC. Now, how to pay for your final choice? Maybe you’ve got the cash in hand; if not, you can borrow the money to make your purchase. Nearly 8 of every 10 Del Toro Auto Sales customers finance their purchases through our dealership, who can deliver offers within minutes of your submitting an application.
9. How does financing at Del Toro Auto Sales work?
When you borrow money to buy a car or truck at Del Toro Auto Sales, it’s different from the way car loans work at traditional car dealerships. That’s because we aim to give every customer an honest, straightforward, and haggle-free experience. Our financing gives you choices, and puts you in the driver’s seat! You can bring your own financing when you visit us, too.
Requesting financing terms on a used vehicle we sell is easy — just click on the link finance found on that vehicle’s Car Page and speak with a sales consultant about available financing options.
8. Can I get pre-qualified?
Yes. This fast and easy process lets you choose how much you want to borrow based on the type of vehicle you’re looking for. If you’re interested in financing a purchase with Del Toro Auto Sales, visit us online to get pre-qualified. A Del Toro Auto Sales a associate will contact you to discuss any available financing options, including the amount you’re qualified to finance.
7. Can I get approved if I have bad or damaged credit?
We successfully provide options to customers with many different credit profiles because we work with some of the country’s leading financial institutions, which improves your chances of getting approved. If you’d like to learn more about credit scores, check out our article about understanding credit ratings.
6. Do I need to make a down payment?
A down payment isn’t a requirement for financing a purchase at Del Toro Auto Sales, but it mostly depends on the credit score and making a down payment matters. Making a down payment is always a good idea because it reduces the amount you’ll need to borrow. Any amount you choose to put down can improve your chances of approval and receiving better terms. No matter how much you decide to put down, you can also add any equity from the trade-in value of the car you drive now. Learn how to get your car or truck appraised here.
5. Can I finance through my bank or credit union?
Yes, you can bring your own financing — you can visit Del Toro Auto Sales with a pre-approval letter, or we can provide you with a buyer’s order, plus the exact amount of financing you need to bring back to pay for your next used vehicle, including taxes and fees. And, if you do finance with Del Toro Auto Sales, you’ve got three business days to replace your financing with alternative financing at no cost.
4. Do you have a first-time buyers program?
Yes we do. Many customers can qualify for financing without a prior vehicle purchase or a limited credit history. Our finance sources accommodate customers with a wide range of credit histories and profiles.
3. What finance companies do you work with?
In addition to Del Toro Auto Sales, we work have great relationships with leading institutions in Washington State with the most competitive interest rates. These relationships help ensure a broad variety of financing options for our customers.
2. Why do a car’s age and miles affect my financing options?
Financing companies may be unwilling to assign longer terms on some older vehicles. Newer vehicles can often get more competitive terms. However, for many Del Toro Auto Sales customers an older vehicle is a solid choice. It’s no surprise that higher-mileage cars and trucks carry more affordable price tags; and it’s also true that all Del Toro Auto Sales vehicles satisfy our rigorous renewal standards. Most Del Toro Auto Sales used cars are eligible for financing and extended service plans.
1. What do I need to get pre-qualified and approved?
All you need to complete the pre-qualification process is a strong idea of your budget and how much you’d like to finance, your contact information, your employment and income information, and information about a co-applicant, if you have one. Once you submit your application, we’ll be in touch quickly to discuss any financing offers available to you.