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Toyota Financing - Car Loan and Lease Center

We will Process your Loan Application Quickly - Just call 877-968-2732 Now!

Toyota and Used Car Loan Center in Salt Lake City, UT



If you live in the Salt Lake City region, The Karl Malone Toyota financing team is ready to go to work for you. No matter your credit history our auto finance experts will find an auto loan or lease option that fits your budget. At Karl Malone Toyota in Draper, Utah, we work with a network of financial institutions to get you the best possible rate on a Salt Lake City, Tooele, Park City, and Provo area car loan. Let the staff at our Draper, Utah, Toyota dealership make the process of buying a new car easy. Complete our online auto loan application and we will contact you shortly.

Have you picked out the new Toyota or used car in Salt Lake City you are planning to purchase? You can browse Karl Malone Toyota's current inventory online where you will find prices, photos, fuel economy info and specs for all of the new Toyota cars, and used cars, at our Utah auto dealership. If you have additional auto loan and financing questions contact us atthe phone numbers listed here.

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Contact Information

Karl Malone Toyota UT

11453 Lone Peak Parkway

Draper, UT 84020
sales Sales:
(866) 665-0809
phone2 Service:
866-785-4113
phone3 Parts:
866-785-9113

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.