Are you looking for a new car? Or seeking to upgrade your ride to something that will last? Chances are, you are considering a Toyota. This isn’t shocking–Toyota is one of the best-selling car brands in Canada.
Widely respected for their durability and reliability, Toyota cars are a smart choice for new and established drivers alike. However, before you pull the trigger on this new purchase, you will need to consider a couple of things. What model will you select? How much will it cost to finance your new car?
Don’t worry; Auto Loan Hub is here to help. In this post, we’ll break down the most popular Toyota models, what to expect if you decide to finance your new car, and how our team can help. Keep reading to learn more!
Top Toyota Cars 2025
Toyota Corolla
Budget-friendly, fuel-efficient, and endlessly reliable…the Toyota Corolla is everyone’s favourite starter car for a reason. Even though it has a slightly higher price tag than other compact models, the Corolla is a wise investment for many customers due to its low maintenance costs and stable resell value.
Toyota Camry
Consistently called “one of the most reliable cars you can buy,” the Toyota Camry is comfortable, durable, and dependable. These traits, combined with enhanced safety features, make it an attractive choice for numerous customers, no matter their lifestyle. Add on the excellent fuel economy and low maintenance costs, and it is easy to see why this is one of the best-selling cars ever.
Tips for Securing Auto Financing on a Toyota
While some people might buy their new car outright, others use auto financing to make owning their dream car more accessible. Whether you are looking to finance a new Toyota Camry or Corolla, it is important to keep a few things in mind when exploring auto financing for your next car.
Understand Your Credit Score
As you might expect, your credit score is the most important part of auto financing, as this helps determine the interest rate and terms of your new car loan. Like with other cars, a high credit score can help you score a lower interest rate on your Toyota loan, helping you save money in the long run.
However, remember that you don’t need a perfect credit score to finance your next vehicle. Instead of working with traditional lenders like banks, you can explore financing options from other providers. For example, when you partner with Auto Loan Hub, we review your credit profile and help you explore car financing options that fit your needs.
Ready to explore your options? We can get you pre-approved for auto financing in minutes. Get started today.
Know What You Can Afford
Although financing can make owning your dream car easier, it’s still important to be realistic about what you can afford. Be careful not to overextend your budget, which can lead to the negative impacts of missing monthly payments. Also, remember that owning a vehicle comes with additional costs like insurance, maintenance, and more.
Thoroughly assess your financial situation and determine what you can afford with Auto Loan Hub’s Auto Loan Calculator. This tool lets you clearly identify how much you will pay per month, allowing you to plan and choose a loan that comfortably fits your budget.
Save for a Down Payment
While paying for your new car in full is unrealistic for many Canadians, saving money for a down payment is still a good idea. Putting a significant amount of money into your car at the start of your loan can help lower your monthly payments and reduce the total interest paid over time. Plus, a high down payment can also help secure a lower interest rate for those with bad credit.
Choose Auto Loan Hub to Finance Your Next Toyota
Ready to get behind the wheel of your dream ride? At Auto Loan Hub, we are committed to making the auto financing process easy, transparent, and customized to you. With our soft credit check, you can find out what car you qualify for without obligations or expectations. Get started today.
