Toyota Financing

First Team Toyota Finance Center in Chesapeake, VA

Welcome to First Team Toyota, where we believe that owning your dream Toyota vehicle should be a hassle-free and enjoyable experience. We understand that securing the right financing is a crucial step in making your automotive dreams a reality, and that’s why we offer a streamlined and straightforward financing process designed with your convenience in mind. At First Team Toyota, we’re committed to providing you with easy access to a range of financing options, ensuring that you can drive home in the Toyota of your choice with confidence and peace of mind.

Sales Info

Phone Number:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 6:00 PM
  • Sun12:00 PM - 5:00 PM
    (Last 2 Sundays of Month Only)

We Make it Easy!

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Competitive Rates

No Hassle Credit Checks

Flexible Payments

Couple Looking at Financial Documents with Salesman

Easy Financing Does Exist

We’re a family business in Virginia, so when it gets down to the nuts and bolts of financing, you can rest easy knowing you’re not just a number here. Come to First Team Toyota to talk to one of our loan experts and we’ll get you set up with a loan that’s right for you.

We’re here to help get a car loan in Virginia that works for your budget. We also offer Toyota financing deals throughout the year, so talk with one of our expert salesmen to see what kind of deal we can work out for you. No matter your credit situation, we have a number of ways to help. We also offer a Car Care Service Plan to ensure your vehicle is always up to date on recurring maintenance.

We do our financing in-house, so if you need a car loan for bad credit, a car loan for no credit, or if you want a unique term or monthly payment, we can handle it. We also have a pre-approval form so that you can come to the lot with some extra peace of mind. Fill out our finance application today to get started!

Lease vs Buy

When it comes to acquiring a new car, consumers often face the age-old decision: lease or buy? Each option has its own set of advantages and disadvantages, making it essential to carefully consider your personal circumstances and preferences.

Leasing Advantages:

  • Lower Monthly Payments: Leasing typically involves lower monthly payments compared to buying, as you’re essentially renting the vehicle for a set period.
  • Lower Down Payment: Down payments for leases are generally lower, making it easier to access a new car without a substantial upfront cost.
  • Warranty Coverage: Most leased vehicles remain under warranty for the duration of the lease, reducing repair and maintenance costs.
  • Newer Cars: Leases allow you to drive the latest models with updated features and technology every few years, maintaining a sense of novelty.

Leasing Disadvantages:

  • Mileage Restrictions: Leases often come with mileage limits, and exceeding them can result in costly overage fees.
  • No Ownership: When you lease a car, you don’t own it at the end of the lease term, which means you won’t build equity or have a vehicle to trade in.
  • Limited Customization: Modifications and personalization of a leased vehicle are usually restricted, as you must return it in its original condition.

Buying Advantages:

  • Ownership: When you buy a car, you own it outright once the loan is paid off, providing long-term value and the opportunity to build equity.
  • No Mileage Limits: You can drive as much as you want without worrying about mileage restrictions or extra fees.
  • Customization: You have the freedom to customize your vehicle to suit your preferences and needs.
  • No Monthly Payments After Loan Term: Once your auto loan is paid off, you won’t have any monthly car payments, giving you more financial flexibility.

Buying Disadvantages:

  • Higher Initial Costs: Buying a car typically requires a higher down payment and may result in higher monthly payments compared to leasing.
  • Depreciation: Vehicles lose value over time, and as an owner, you bear the responsibility for this depreciation.
  • Maintenance Costs: As the vehicle ages and goes out of warranty, maintenance and repair costs can increase.
  • Potentially Longer Commitment: Buying a car is a more extended commitment than leasing, and you may feel tied to a vehicle for a more extended period.

Whether you want to buy or lease a vehicle, visit First Team Toyota today to view our inventory, discuss financing, and drive off with the car of your preference.

Frequently Asked Questions

    What's better, buying or leasing?

This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.

    How long is a typical car loan?

We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.

    I've had credit issues in the past. Can I get financing?

We’ve worked with countless customers with all kinds of credit to help them discover their financing options.

    Can I finance a vehicle without a down payment?

In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.

First Team Toyota is located at: 3400 Western Branch Blvd • Chesapeake, VA 23321
First Team Toyota 36.8669580321091, -76.41530677649973.