More about the Handy Toyota
Finance and payment calculator tool
Are you having any trouble utilizing these handy tools? If so, you have a couple options. First, email technical support or call them directly at (802) 782-5816, or try our live chat program to speak with a Handy representative instantly during normal business hours.
Alternatively, try following the tips below, where we've outlined some step-by-step instructions on how to get the information you desire.
There are two methods by which you can use the "Price" field: the "What MSRP can I afford?" versus "What payment can I afford?" Depending on how you want to use the Payment Calculator this starting step could be very different in a sense, and very similar in another. Allow us to expand on that, below.
- What MSRP can I afford?
If you know the cost of the vehicle you want - for example, a 2013 Corolla LE for $20,000 (MSRP), enter that number here and you'll immediately get a "Estimated Monthly Payment" to spit out on the bottom of the form. Check out a few more cars and enter their MSRP here to get different payment ideas.
- What payment can I afford?
As stated, to get an estimated affordable payment, the idea is the same but the thinking is reversed: keep your mind trained on what you think or know you can comfortably afford - for example $150 a month, $500 a month, etc. - and manipulate the initial "Price" field with MSRPs until you find something that fits whatever window you deem doable.
Again, these are utilized the same but feature a different train of thought. Contact us for further assistance either way!
Here you have three options that are 100 percent manipulatable by you, the customer: "Down Payment," "A.P.R. (estimated financing rate)," and "[Finance] Term" or financing length. Again, depending on what you think you can afford, be it more or less, manipulate these key payment features to change the "Estimated Monthly Payment." For example:
- Down Payment
Do you have a trade-in vehicle or cash in hand? If so, how much do you have, or conversely how much or little do you want to put down? Clear this section out to $0 to see your low end estimate and add by hundreds, thousands, or what have you to get a better price! You can use our Black Book Online trade-in tool to get an estimated trade-in value for you car, then add that value (you'll get a low to high range, so try both figures!) into the down payment section. Please note that the value can be added in a percentage (of the MSRP from the "Price" field) or a dollar amount.
- A.P.R. (estimated financing rate)
This is another great way to get a lower price, especially if Toyota Motors is offering special financing or if you have good credit. Find out what your credit score is seconds by filling out a secure finance application.
As you probably know, the "Term" or financing term/length can vary wildly, both depending on an applicant's credit score, special financing offers, and how long you want to pay for a given car. Using the "Term" drop down menu, choose a finance length in months from 12 to 84 in 12-month chunks. Manipulating this last will give you the different monthly payment estimates and, ideally, give you one that fits perfectly.
Please note two neat functions of the finance & payment calculator: the graph (on the right of the aforementioned form functions) and the inventory search buttons.
To start with the handy bar graph to the right of the finance calculator form, this will change as you change the form's components; this will give you a change-by-change look at your various options, in a 12-month interval again ranging from 12 to 84 months.
Once you've found the sweet spot and you think you can afford a payment comfortably, click the "Search new inventory" and/or "Search used inventory" to find any and all vehicles that fit your query! In no time you'll have a car that you love, fits your budget, and doesn't leave you wondering where the next payment will come from!
Do you still need assistance with these financing tools? If so, send the sales team an email, call us at (888) 352-5749, or try our live chat program for instant messages from a sales member during business hours.