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Finance FAQ

The Most Common Finance Questions

Whether you're a first time buyer looking to Finance or Lease your next vehicle or you have specific questions related to your situation, just know we've seen it all and are here to help you. Below are some of the most common questions we receive regarding Financing, explore below! Have additional questions? Give us a call!


Your interest rate is determined by the lender. Lenders decides what your rate will be based on the strength of your credit. If you have the highest tier of credit you will qualify for the lowest rate available. If there is a special program, you should qualify for that. Consideration of top tier starts with a credit score of 710+ among other considerations.

There is no Pre-Payment penalty with Toyota Financial Services. It’s safe to say most lenders do not charge a Pre-Payment penalty. Make sure to ask your Sales Consultant and they will be able to confirm.

No, you do not need to go to the DMV to register your vehicle. Here at Beaverton Toyota we include your DMV fees, Dealer Fees and applicable taxes into your payment. This way we can coordinate the registration of your vehicle for you. When purchasing a New Toyota, you’ll receive a temporary 90-day permit while you wait for your registration and license plates to arrive in your mail. This typically takes 4-6 weeks. When purchasing a Used Vehicle, if the vehicle doesn’t already have license plates on it, you will receive a 21-day trip permit and ultimately 2 years of registration. Give Beaverton Toyota a call if you have any questions.

Simply let your Sales Consultant know that you are interested in Custom Plates. They will be able to assist you and collect the necessary fees on behalf of the DMV.

Yes. However, Beaverton Toyota simply facilitates the refinancing of your vehicle, working with your existing lender. Additionally, we are happy to counsel our Guests on the various options they have and are able to help our guests in ways they hadn’t expected.

Oregon Residents are responsible for both the Privilege Tax and Corporate Activity Tax. The Privilege Tax was introduced back in January of 2018 and is 0.5 of 1% of the retail price will be due. Beginning January 1st, 2020, the Corporate Activity Tax is applied to any business, or unitary group of businesses, doing business in Oregon. Oregon residents are responsible for both on New & Used. Out of State residents are responsible for their local taxes and DMV fees as well as the Oregon Corporate Activity Tax. Your Sales Consultant will be able to explain in detail any and all applicable taxes and fees.

Yes, but only a brand-new vehicle gets four-year registration when it is requested at the same time as the title.

Taxes and fees vary and are calculated by the following, for specifics give Beaverton Toyota a call and we would be happy to explain and provide more accurate quotes.

  • The county your vehicle is registered in
  • How much your vehicle weighs
  • Powertrain: Electric, Hybrid, Gas
  • The type of license plates
  • The state you live in
  • Whether you’re buying a new or used vehicle

The privilege and corporate activity taxes apply to sales of vehicles to lessors. The tax is calculated based on the retail sales price paid by the lessor to the dealer "agreed upon value of the vehicle" as stated in the lease agreement. If you choose to purchase your vehicle at the end of your lease term, you’ll pay Privilege and Corporate Activity Tax on the depreciated price.

DEQ does not require emissions testing of newer model year vehicles because they typically have lower mileage and are therefore less likely to experience problems with their emissions control systems. For calendar year 2020, Model Years 2017 and newer do not require DEQ testing. Here at Beaverton Toyota we partner with the DMV to perform DEQ testing at the Dealership, our goal if possible is to avoid you having to go and do it yourself. If you purchase a vehicle from us and it has not been through the DEQ process we will provide you instructions as well as cover the cost of the inspection.

Beaverton Toyota

4300 SW Murray Blvd
Beaverton, OR 97005
Driving Directions
Call Now 503-626-7200503-626-7200
Sales
Day Open Closed
Monday 8:30AM 8:00PM
Tuesday 8:30AM 8:00PM
Wednesday 8:30AM 8:00PM
Thursday 8:30AM 8:00PM
Friday 8:30AM 8:00PM
Saturday 8:30AM 8:00PM
Sunday 10:00AM 7:00PM
Service
Day Open Closed
Monday 7:00AM 6:00PM
Tuesday 7:00AM 6:00PM
Wednesday 7:00AM 6:00PM
Thursday 7:00AM 6:00PM
Friday 7:00AM 6:00PM
Saturday 7:00AM 6:00PM
Sunday Closed Closed
Parts
Day Open Closed
Monday 8:30AM 6:00PM
Tuesday 8:30AM 6:00PM
Wednesday 8:30AM 6:00PM
Thursday 8:30AM 6:00PM
Friday 8:30AM 6:00PM
Saturday 8:30AM 6:00PM
Sunday Closed Closed