Should I finance through Bank of America or Toyota Financial?

I'm going to buy a Toyota Corolla, but I need to finance part of the sale price. Should I finance through Bank of America or Toyota Financial. Which one is the better option?

Answer
“The best idea is to get quotes from both parties. Both Bank of America and Toyota Financial run finance specials and offer different rates for your particular credit score and situation.
It won’t hurt to get quotes from both options and then use the lower rate to bargain with the other lender.
And don’t hesitate to shop around with other lenders apart from the dealership and Bank of America. Just as you can save money by shopping around with car insurance companies, you can do the same with lenders.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free Jerry app to help you find the best deal. Jerry compares rates from the top 50 companies in under a minute, delivering the best deals to your phone.”
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Eric Schad
Answered on Aug 02, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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