At Toyota of Richardson, we know you work hard for your money. We also know how difficult it can be for drivers to have the funds to put down on a vehicle. That's why we are pleased to announce our new balloon loan program, which will give you the green light to avoid down payments, acquisition fees, high monthly payments and much more!

Designed with you in mind, this program gives drivers more control over their car financing than other options out there. How you ask? Simple, let's start with monthly payments. One of the biggest advantages of this type of financing is it provides drivers with lower monthly payment options compared to traditional financing terms. This is accomplished by giving a customer an ability to pay for the depreciated value of the vehicle, with an option to pay an upfront pre-negotiated final payment at the end of the finance term; which most drivers are able to do with ease because of the lower monthly payments.

Unlike a lease, you don't have to give the car back at the end of your finance term. Instead, you have options to keep the car by paying it off, refinancing the residual balance, trading it in or selling the vehicle to a third party with no penalties or fees. If these options don't work for you, simply walk away at the end of the term with no obligation by paying a $195 disposition fee.*

Moving on to car insurance. Almost every car loan forces drivers to carry higher-coverage insurance; however with a balloon car loan you choose the level of car insurance, which can save you big bucks over the months and years of the loan.

On top of these benefits, a balloon loan offers a guaranteed future value (GFV) of the car you finance. That means the bank is guaranteeing the value of the car, truck or SUV that you finance, not the market.

Both flexible and convenient, a balloon loan is a fantastic alternative to traditional financing. It's just another way to help you get behind the wheel of that car, truck or SUV that you've been waiting for. So stop waiting! Take ownership of your dream car today! For more details about this exciting program, please give us a call or stop by our dealership. We are conveniently located on 1221 N Central Expressway.


Pre-Owned Balloon Payments

*The wear and Tear Option is defined as any excess wear and tear to exclusive and non-exclusive items in Section 3 of the contract. This option provides maximum liability coverage of $1,500. See dealer for details.

The AFG Balloon Lending program is a "fully insured walk-away balloon" payment program. On a 36 month "walk-away" balloon, the buyer makes 35 payments and when the balloon payment is due the buyer can pay off the balloon through a trade-in, private sale, refinance or simply "walk-away."  The customer can also pay off the loan anytime during the term of the loan with no prepayment penalty.


Toyota of Richardson

1221 N Central Expressway
Directions Richardson, TX 75080

  • Sales: 844-869-9210

Pre-Owned Balloon Questions


  • Monday 8:30am - 9:00pm
  • Tuesday 8:30am - 9:00pm
  • Wednesday 8:30am - 9:00pm
  • Thursday 8:30am - 9:00pm
  • Friday 8:30am - 9:00pm
  • Saturday 8:30am - 9:00pm
  • Sunday Closed