Header Point #1
While Toyota Financial Services may offer refinancing in some cases, it’s generally focused on offering new loans for Toyota purchases.
Header Point #2
You’re not locked in to your original Toyota loan, and you should shop around to find the best offers when you’re ready to refinance.
Header Point #3
You’ll need your current loan documents, driver’s license, insurance card, Social Security number, and proof of income when you’re ready to apply.
Header Point #4
Checking your refinance loan rates with an online marketplace like RefiJet won’t harm your credit and can help you find the best deal for your new loan.
Start by checking [Brand] refinance options with a soft credit score pull.
Next, confirm a preapproval to confirm the numbers.
Once you pick a lender offer, you'll sign the [brand] refinancing documents.
After approval, your new lender pays off the old loan.
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Staying with the same company when you refinance your auto loan has its pros and cons. Some of the positives include:
RefiJet does our best to ensure the easiest possible process when it comes to buying out your loan. We evaluate lenders for you, with your goals in mind, and match you with the best loan that you qualify for.
Here is a breakdown of our loan buyout process:
The entire process can be done quickly, allowing you to quickly secure your lease buyout loan.
The lease buyout process usually takes a few days to a couple of weeks, depending on how quickly your lender processes paperwork, title transfer, and funding. If you're financing the buyout, your loan approval timeline can also affect how fast it moves.
A standard auto loan helps you purchase a new or used car upfront. An auto lease buyout loan helps you buy a car you’ve already been leasing, typically at the end of your lease. The loans work the same, but a lease buyout loan is used to purchase a car you’ve already been driving.
Most lenders don’t require a down payment for a lease buyout loan, but offering one can lower your loan amount, reduce interest costs, and help with approval if your credit isn’t strong.
Yes, you can usually refinance a lease buyout loan any time after it’s finalized. If your credit score or financial circumstances change in the future, refinancing could help you lower your monthly payment or get a better interest rate.
Buying a vehicle at the end of a lease involves important financial considerations. Discover what you need to know before making the decision.
Understand whether a car lease residual is based on MSRP or sales price and how it affects your lease deal, monthly payments, and future buyout options.
Worried about rising car prices from new tariffs? See if buying out your lease now could save you more than leasing a pricier new vehicle.
