Buying a Used Toyota in Today’s Economy

Buying a Used Toyota in Today’s Economy
Most would agree, its safe to say we as a nation are edging our way out of the recession.  This comes as great news to many people in the market for a Used Toyota in St. Louis and still needing finance.  Due to financial concerns, many lenders have been forced to tighten up their standards for lending.  But in a small piece of news that is starting to bring a glimmer of hope,  Ally Financial Inc., the auto lender that received a $17.2 billion government bailout, reported a $384 million profit for the third quarter after posting a loss a year earlier according to Automotive News. The article goes on to state, “Earnings compared with a loss of $898 million in the second quarter and a loss of $210 million a year earlier, the Detroit company and former General Motors finance arm said today in a statement, “The U.S. auto-finance franchise continued to produce strong and consistent results despite a highly competitive market, with earning assets up 21 percent and net financing revenue up 22 percent from last year,” Ally CEO Michael A. Carpenter said in the statement. “The insurance business had the highest level of written premiums since 2008.”

At Weiss Toyota, consumers can rest assured that the lenders we work with are in strong financial standing position.  


Whether you choose to find your own financing, or use the lenders we work with, one of our experts will be glad to meet with you, talk over your financial situation, and get you driving in no time. Stop in today and see what we can help you with.  As the economy continues to grow and get better, we expect to see more customers coming in to purchase vehicles, and we are happy to work with you.

Location: 11771 Tesson Ferry Road, St. Louis, MO 63128, USA

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