Toyota on the Trail|5210 Calgary Trail NW, Edmonton

Get financing in simple steps

When you're ready to buy a new or pre-owned Toyota but don’t have the money to pay for it in cash, Toyota on the Trail has solutions for all kinds of credit ratings: financing or leasing.

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Making Toyota financing simple


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Use our easy online calculator to discover the best solution for your unique situation.

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Your credit score usually influences affect the interest rate on your loan, so you need to check your credit status before applying for financing. With our free service, you can look up your credit rating without impacting it. We have all kinds of financing solutions to fit all credit situations.

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Advantages of Toyota on the Trail financing


Our dedication to assisting you in finding the most appropriate monthly payment options for your specific financial circumstances remains unwavering. Regardless of whether you opt to finance your vehicle through borrowing, leasing, or cash payment via certified cheque or bank draft, we'll collaborate with you to secure the most favorable financing terms available.

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First-time buyer

We recognize that certain car purchasers, especially young adults, may not possess a credit history, down payment, or trade-in vehicle. Nevertheless, we are capable of assisting you in obtaining a vehicle. By teaming up with leading banks in Canada, we can extend versatile financing or leasing alternatives customized to your unique requirements, even if you do not have a credit history or an initial payment. Rest assured, we have you covered!

Bad or no credit

Regardless of your credit circumstances - whether you possess a poor credit score, were denied a bank loan, or filed for bankruptcy - we offer financing options that can assist you in obtaining the vehicle you require. Our team of financing experts is committed to locating cost-effective solutions that fit within your budget, even in situations where credit is challenging. Therefore, do not allow your credit history to impede you - reach out to us now to investigate your financing alternatives.

Newcomers to Canada

If you are a newcomer to Canada, you may not realize that your credit score from your former country is not transferable. Nevertheless, this does not imply that you cannot receive loan approval to purchase your first vehicle in Canada. Our team possesses expertise in dealing with individuals who are new to Canada, and we can assist you in navigating the process to acquire the financing you require. With our assistance, you can swiftly be in possession of your first Canadian car.

High rate on an existing loan

If you feel that you are paying an excessive amount on your current loan, we can help you identify a more suitable solution. As a member of the Go Auto family, we possess the necessary resources to acquire your existing loan and provide you with a better financing rate and reduced monthly payments. Our team is devoted to assisting you in saving money while also enabling you to obtain the vehicle you require. Reach out to us today to explore your options and initiate the loan refinancing process.

What do I need to
get approved?


Employment & income

To be eligible for financing, there are several typical criteria that you must meet, including being employed at your current job for at least three months and earning a monthly income of $1,800 or more. Nonetheless, we recognize that each person's circumstances are distinct, and we also acknowledge other income sources, such as certain types of government assistance. Get in touch with us to obtain more information about our financing options and determine if you are eligible.

Down payment

Although a down payment is not always mandatory, it can be advantageous. By providing an upfront payment, you can decrease the amount you need to finance, which may make you more appealing to lenders and improve your chances of being approved for a vehicle loan. We realize that not everyone is capable of making a down payment, but our team can collaborate with you to investigate your alternatives and discover a financing solution that suits your specific requirements and budget. Reach out to us to obtain additional information about our financing procedure.

Driver’s license

You need a valid driver’s license and be the age of majority in the province that you live in.

Current address

To complete your loan documents, please provide your current address details, including your monthly rent or mortgage payment.

Bank account

Lenders like to take your loan payment directly from your bank account each month. The best way to do this is to get a void cheque or stamped pre-authorized payment form.

Contact details

Please provide your full name, date of birth, phone number and email address to apply for a car loan.

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Paying off your Toyota on the Trail car loan


Paying off your loan early

If you are currently making payments on a car loan, you may be able to pay off the remaining balance after a certain period of time has passed. Many banks allow borrowers to do this, typically after six months of making regular payments. We recommend contacting your bank to inquire about their policy on early repayment. Alternatively, our financing specialists can also assist you in understanding your options and finding a solution that works best for you. Contact us to learn more.

Changes to payments

If you presently have a car loan and want to pay it off more quickly or decrease the amount of interest you are paying, there are alternatives available to you. Numerous lenders permit borrowers to make lump-sum payments or increase their regular payments, which can assist in paying off the loan faster and potentially save you money on interest charges. Our financing professionals can work with you to explore these possibilities and find a solution that meets your financial objectives. Alternatively, you can contact your lender directly to learn about their policy on extra payments.

Extending a loan term

After securing a car loan, the terms of the financial agreement are generally fixed and cannot be extended. However, it is always a good idea to confirm this with your lender or speak to our finance professionals to explore your alternatives. Depending on your lender's policies and your specific situation, it may be possible to extend the loan agreement in particular circumstances. Contact us or your lender to discover more about your options.

Car loan insurance

Car loan insurance is a lesser-known type of protection for drivers that can be highly beneficial in the event of unexpected situations such as job loss or illness, which can make it difficult to keep up with regular loan payments. This type of insurance can be highly valuable, especially for those who rely on their vehicle to get to work. If you're interested in learning more about car loan insurance, our team at Toyota on the Trail can provide you with more information and help you find the right coverage to fit your specific needs.

Affordable financing

We understand that everyone's financial situation is unique, and we work with a variety of lenders who offer financing solutions for individuals with lower incomes. While there may be some general requirements, such as having stable employment, we can explore various financing options to find a solution that fits your budget and needs.

Switching a loan to another vehicle

It's important to keep in mind that when combining your existing loan into your new financing agreement, the total amount you owe will increase. This means that you may end up paying more interest over time. However, our financing specialists can work with you to find a solution that fits your budget and financial goals. Don't hesitate to contact us for more information or to get started on upgrading your vehicle.

Getting a Toyota on the Trail car loan and managing it

How long does it take Toyota finance to approve a loan application?

The time it takes for car loan approval can vary depending on the lender and the specific situation. Some lenders may require more documentation or have stricter criteria, which could prolong the approval process. However, if all the necessary information and documents are in order, some lenders may be able to provide approval in a matter of minutes. It's always best to consult with your lender or speak with a financing specialist to get a better understanding of the expected timeline.

Is the pre-approval a hard query of my credit rating?

No, pre-approval is a soft query and does not affect your credit rating.

Could I be declined after approval?

That can happen, but not often. If there's a problem with a credit check or your documents you may be declined after approval.

Is it better to pay car payment twice a month?

Making on-time payments is crucial to maintaining a good credit score. Your payment history accounts for a significant portion of your credit score, so consistently making payments on time is one of the best ways to establish and maintain good credit. It's also important to note that making multiple payments throughout the month or on a more frequent schedule won't necessarily improve your credit score, but it can help you stay on top of your finances and avoid missing payments.

How much should you put down on a car?

While providing a larger down payment can help lower monthly payments and potentially decrease the interest rate on your car loan, it's not always necessary. Our financing specialists can work with you to find a financing solution that fits your budget and specific needs, whether or not you are able to provide a down payment. Contact us to learn more.