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Financing

Baltimore Car Loans - Brown's Toyota

The Brown's Toyota finance center works with many area lending sources to offer customized auto loans and leases. This means we are able to provide you with a great low rate on your new or used car loan in Baltimore, even if you have less than perfect credit.

If you're thinking about getting a new Toyota, or a used car, come down to Brown's Toyota at 7167 Ritchie Highway, Glen Burnie, MD 21061. We'll get you a the vehicle you want, at a great price, and smoothly guide you through the financing process.

If you would like to start the process of getting a car loan in Baltimore right away, we suggest you start by understanding your budgeting options. You can find your estimated monthly loan payments by using our online payment estimator; and you can apply for financing with our secure online finance application.




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Contact Information

Brown's Toyota of Glen Burnie

7167 Ritchie Highway

Glen Burnie, MD 21061
workSales:
410-761-9000
serviceService:
410-787-9111

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.