Buying a car for the first time is an exciting thing, don't let little or no credit stand in your way! Get a great rate first-time auto loan from Pat Lobb Toyota of McKinney. We offer flexible and affordable first-time car loans and vehicle financing to shoppers who have little or no credit.

Pat Lobb Toyota knows that it can be difficult to get financing of any kind when you have no credit history or if your credit history is too new, so our First-Time Buyer Program at our McKinney Toyota dealership is designed to make a high-quality Toyota product affordable and to help you build a foundation of positive credit.

Having an auto loan is a great way to build your credit score by making on-time monthly payments. You can build equity in your new Toyota vehicle of choice and strengthen your credit while you pay your loan. Establishing good credit early on is a major benefit to being able to take out lines of credit for other major purchases like renting or buying a house, buying another car, and even getting a job.

Let Pat Lobb Toyota of McKinney help you build positive credit and get you into a fantastic new Toyota! Fill out our easy and secure online credit application to get started!

The guidelines for the Pat Lobb Toyota of McKinney First-Time Buyer program are built to help first-time car buyers get a great loan for a new Toyota in McKinney, TX. Buyers are eligible for the First-Time Buyer Program if they meet these credentials:

  • You have a FICO score of 610 or higher or have no FICO score
  • Your Maximum Car Payment-to-Income Ratio does not exceed 20% (or 16% for buyers with no FICO score)
  • Your Debt-to-Income Ratio does not exceed 45%
  • You have a credit history with no major declines within the past 24 months
  • You have a proof of income of at least $2,000 per month
  • You can supply three personal and verifiable references
  • You have a co-applicant or a co-lessee who meet all program requirements
  • Other restrictions may apply, see the finance advisors at Pat Lobb Toyota of McKinney for full details

The time to get into a new Toyota is now, so don't let your little to no credit history get in the way of your dream car. Come to Pat Lobb Toyota of McKinney today and ask about our First Time Buyer Program. You can also fill out our secure and easy online auto credit application online here on our website. Let Pat Lobb Toyota of McKinney help you build your credit score and get an amazing new Toyota car or truck.

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