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Toyota Financing and Car Loan Center

Albuquerque, New Mexico Car Loans

The Larry H. Miller American Toyota Albuquerque financing 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 car loan in the Albuquerque and Santa Fe area, even if you have less than perfect credit.

If you're thinking about getting a new Toyota, or a used car, come down to Larry H. Miller American Toyota Albuquerque at 5995 Alameda Boulevard NE, Albuquerque, NM 87113. We'll get you 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 auto loan in the Albuquerque, Rio Rancho and Los Lunas area 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

Larry H. Miller American Toyota Albuquerque

5995 Alameda Boulevard NE

Albuquerque, NM 87113
sales Sales:
(866) 638-5290
phone2 Service:
866-588-9689
phone3 Parts:
866-591-4837

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.