The Toyota Camry is a midsize sedan that has been a popular choice for drivers for decades. In fact many would consider it a staple in the Toyota dealership. The Camry is known for its reliability, fuel efficiency, and comfort, making it an ideal vehicle for families, commuters, and anyone who wants a practical yet stylish car. Current year models now come in hybrid options for greater milage and lower fuel costs. If you're considering purchasing a Toyota Camry, car finance may be a viable option for you. In this article, we'll explore the benefits of getting car finance for a Toyota Camry.
Affordability
One of the most significant benefits of getting car finance for a Toyota Camry is affordability. The Camry is excellent value for its price, but not everyone can afford to pay for it in cash upfront. Car finance allows you to spread out the cost of the vehicle over a set period, making it more affordable. This can be broken into monthly, fortnightly or even weekly repayments. One you choose a loan term that works for you, simply make regular scheduled payments until the loan is paid off.
Flexibility
Car finance comes in a variety of forms, so you can choose one that works for you. You can choose a fixed or variable interest rate, depending on your preference. Loan terms can vary from 3 to 5 years to find the one that suits you best.
Suitable for different stages of life
One reason why the Toyota Camry has been so popular is being a mid sized sedan, it’s suitable for a wide group of people. It could be someone buying a pre-loved Camry from a car dealership as their first car, a growing family buying a Toyota Camry for an expanding family as they have their first child or a retired couple who want a reliable car with low maintenance costs. Of course there are many reasons one would buy the Camry and these are just a few listed above, however the flexibility of a vehicle of this size makes it a popular choice for purchasing and in turn financing.
Resale Value
Toyota’s generally are believed to have a strong resale value in the market, which is great especially if you are considering selling or upgrading your vehicle at the end of your finance agreement. While there are no certainties of how a particular values price will retain, due to the flexibility of this vehicle and its reliability it has a wide audience which helps maintain its demand.
Repayments
So how much does a Toyota Camry cost to finance? It depends on which model you are after, with models ranging from the base to the high end hybrid. To find out what your repayments will be, we recommend you try our car loan calculator which will help you work out the monthly, fortnightly or weekly repayment on the vehicle. You can also explore adding in a balloon to reduce the scheduled repayment amounts by adding in a lump sum payment at the end of the loan term.
Other Options
Love Toyota, but not loving the Camry? The Camry is a great car but may not be right for everyone. If your set on buying a Toyota other good options include the Rav4 or if you want something more suitable for transporting things frequently or landscaping, the Toyota Hilux is a popular option.
