If you’re getting ready to finance a vehicle, it’s vital to think about your budget. This Toyota financial guide will let you know the key areas to focus on:

Down Payment

You can reduce how much you will need to borrow with your down payment. This is why one of the first things to think about is how much you can put down. Twenty percent of the purchase price is generally the recommendation, but it’s not set in stone. If you only can afford 10, that could be fine. Or, maybe you can do more than 20.

Monthly Payments

Now it’s time to think about what you can afford monthly. Consider your income and all of the expenses you have every month. Then come up with a number you will feel comfortable spending every four weeks.


Are you looking to replace your current car? Your old one may still be worth a lot. Check out our online tool to see what its value is. Then you will know what kind of money you’ll have that can be put towards your down payment.

More Ways to Cut Costs

Next, you should figure out how to reduce your car expenses. While you may have had your heart set on a new vehicle, going with a pre-owned model may be the wiser choice. At Centennial Toyota, we have a special inventory of cars priced under $10,000. Also, be sure to look for deals or discounts. Going with a longer loan term can also help you save money, as it may lower your interest rate.

If you have any questions or concerns about financing, get in touch with our Toyota dealership near Paradise.