Other than housing, the purchase or lease of a vehicle is probably the greatest expense that you will make. One alternative to paying cash for your vehicle is to finance or lease it. You may choose to make monthly payments toward the purchase price (buy), or pay for the use of the vehicle over a scheduled period of time (lease), plus any lease charges. 

Whether you decide to finance or lease your vehicle, it is important to understand your credit and how it will impact the process. Before financing your vehicle, creditors will decide whether you are eligible for credit, the amount, and the cost of that credit. To determine this, they may use your credit score and history. This information tells how likely you are to be able to make your payments.

Three major credit reporting bureaus gather and track facts about your credit history. The bureaus use the information they receive from your creditors, public records and other sources to generate your credit score. Visit http://www.annualcreditreport.com/ for more information.

View the benefits of lease or purchase.

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Visit southeast.buyatoyota.com to locate your nearest Southeast Toyota dealer.  Your Southeast Toyota dealer can help you determine what auto finance option best suits your needs.