Tag: Abilene Toyota Finance

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Toyota News

Toyota to Provide bZ4X Customers with DC Fast Charger Access Through EVgo

Toyota and EVgo Make Deal

Toyota to Provide bZ4X Customers with DC Fast Charger Access Through EVgo                                

Customers to receive one year of unlimited complimentary and convenient charging at EVgo stations nationwide*

PLANO, Texas (Feb. 24, 2022) – When the 2023 Toyota bZ4X battery electric SUV arrives at dealers later this year, it will come with more than just stylish looks and emissions-free utility. The all-new EV will also mark the start of a collaboration between Toyota Motor North America (Toyota) and EVgo to provide new bZ4X customers with on-the-go access to DC fast charging stations. EVgo’s high-powered chargers provide EV drivers both flexibility and convenience to quickly charge at prime locations, such as frequently visited grocery stores, shopping centers and central downtown areas, allowing drivers to travel and charge with minimal downtime and aligning with their break, shopping, eating or errand time.

Customers who purchase or lease a new 2023 Toyota bZ4X will get one year of unlimited complimentary charging at all EVgo-owned and operated public charging stations nationwide. Customers will be able to use the Toyota App on their mobile device to sign up for this offer, locate EVgo stations and initiate complimentary charging for their new bZ4X.

“The arrival of our all-electric bZ4X marks an important step in our commitment towards electrifying 70% of our fleet by 2030. We want our bZ4X customers to enjoy a high-quality ownership experience that is as seamless and worry-free as possible,” said Christopher Yang, vice president, EV Charging Solutions, Toyota Motor North America. “Collaborating with EVgo, the nation’s largest public fast charging network, will help provide bZ4X owners with access to a fast, reliable charge where and when they need it.”

With more than 800 DC fast charging locations and thousands of Level 2 charging stations, EVgo’s charging network serves over 68 metropolitan areas across 35 states. The EVgo network is powered by 100% renewable energy.

“EVgo is thrilled to collaborate with Toyota on bringing accessible and convenient fast charging to new EV drivers with the bZ4X,” said Jonathan Levy, EVgo Chief Commercial Officer. “Toyota’s scale and EVgo’s track record of leadership in clean transportation will help make it easier for even more drivers to go electric.”

When it goes on sale, the 2023 Toyota bZ4X will offer consumers a battery-electric option that combines Toyota’s legendary reputation for quality and reliability with the performance and practicality they expect in a modern SUV.

“This is just the beginning of Toyota’s next-generation battery electric vehicle products that will join our existing portfolio of electrified vehicle options and will drive our progress toward carbon neutrality,” said Yang.

*Non-transferable; excludes commercial, fraudulent, abusive, and other unpermitted or unforeseen uses.

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands plus our 1,800 dealerships.

Toyota directly employs more than 48,000 in North America and has contributed world-class design, engineering, and assembly of nearly 43 million cars and trucks at our 13 manufacturing plants.  By 2025, the company’s 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles.  Toyota has more electrified vehicles on the road than any other automaker, with electrified vehicles comprising more than a quarter of our 2021 North American sales.

Through its Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit pressroom.toyota.com.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

Source Article: Toyota Newsroom

Categories
Texas Toyota

Is Buying a Car in 2022 Worth It?

iStock/deepblue4you
iStock/deepblue4you

With the COVID-19 Pandemic coming to a close, consumers are once again demanding a large supply of new vehicles. One that cannot yet be fulfilled by the world’s manufacturers due to a massive shortage of semiconductors with no end in sight.

This shortage has dealerships all over the country scrambling to find a way to put customers behind the wheel of a new vehicle. With the ongoing shortage and rising prices, you may be wondering if now is the right time to buy a new vehicle at Toyota of Abilene, and this blog just may help you decide.

At Toyota of Abilene, the shortage isn’t stopping them from stocking the Abilene, TX area’s best selection of new, pre-owned and certified pre-owned Toyota vehicles. Whether you’re looking for a new or pre-owned vehicle, Toyota of Abilene has plenty of options for you to choose from. Don’t let the shortage hold you back, stop by and see why Toyota of Abilene is Abilene’s favorite Toyota dealer today!

Rising Prices, Dwindling Inventory

As the world slowly returns to form after the COVID-19 Pandemic, the global supply chain is struggling to keep up after such a long period of disruption. Back in 2020, with the world at the height of the pandemic, factories all over the world shut down to stop the spread, while subsequently stopping the production of goods.

During the global shutdown, inventory began to pile up on dealership lots all throughout the United States. With each passing day, the cost of insurance and interest on this sitting inventory totaled in the hundreds of thousands, causing dealership owners a slight panic. This time of uncertainty and panic was not here to stay long, as a bigger problem awaited dealership owners in the near future.

Fast forward a year to 2021, dealerships throughout the U.S. are struggling to keep up with demand for inventory as manufacturers struggle to produce new vehicles. This struggle is largely due to a semiconductor shortage that was sparked by the worldwide lockdowns that took place during the pandemic. With factories shut down and semiconductors not being made, new vehicles ceased to be produced and vehicle manufacturers found themselves struggling to fulfill dealership orders.

In response to the growing supply chain issue, dealerships began to turn their focus toward to used vehicle market, encouraging customers to sell their used vehicles or complete trade-ins. With used vehicles more desirable than ever and equipped government-backed stimulus checks, consumers throughout the United States flocked to dealerships to trade in their old vehicles in favor of new ones.

The rush by dealerships to find ways to supplement the shortage of new vehicles only further exacerbated that shortage, leaving dealerships in a pickle. Now dealerships have droves of customers clamoring to trade-in their vehicles, with no new vehicles to sell those customers, resulting in long waiting lists and disgruntled customers.

With this shortage, you may be wondering if now is the right time to start the search for a vehicle. The answer here at Toyota of Abilene is a resounding, YES! Despite the supply chain issues and a shortage of new vehicles, there has never been a better time to trade in your old vehicle in favor of purchasing a new one. Keep reading to find out why!

The Time Is Now

If you’re wondering if it’s a smart idea to buy a car in 2022, the answer is YES! Now, you may be doubting that because of what you just read above…but fear not! There truly has never been a better time to buy a new car, truck or SUV — and here are some reasons why.

Interest Rates

One of the biggest reasons you should be buying a car right now is because of the incredibly low-interest rates that are available. Right now, banks are loaning out money at record-setting rates in attempts to reinvigorate the struggling, post-pandemic economy. With rates as low as 0.99% APR available, it’s a no-brainer to buy a new vehicle right now as rates like this aren’t typically available.

If you want the best interest rates on the widest selection of new and pre-owned Toyota vehicles, stop by Toyota of Abilene located in Abilene today!

Your Car Is Worth More Than Ever Before

Yeah, you read that right…your old car is worth more than ever before thanks to the shortage of new inventory. Typically, all cars begin depreciating the moment they leave the dealership lot. However, in this whacky post-pandemic economy, some vehicles have actually gained value as they aged.

As dealerships all over the country make a push to purchase used vehicles and increase trade-ins, the value of used vehicles has increased astronomically. That means there has never been a better time to purchase a new vehicle, as your trade-in is worth more than its ever been. If you’ve been tossing around the idea of buying a new car, you’ll want to act now before the value of your used car plummets back to pre-pandemic prices and you lose out on thousands.

You can get the best value for your used car, truck or SUV at Toyota of Abilene located in Abilene, TX. At Toyota of Abilene, they have the Abilene area’s best selection of new and pre-owned Toyota vehicles, so stop by and check out their inventory today!

Customize Your New Vehicle

Due to the semiconductor shortage, chances are you will be waiting on a new vehicle to be built and shipped to the United States before you buy it. This wait may seem like nothing but a hassle when in reality it is the best thing that could happen. Wondering why it’s the best thing that could happen? Keep reading to find out why!

While it may not seem ideal to buy a car that hasn’t yet been built, there are some advantages to doing so. A car that hasn’t been built yet means you can tailor to fit your exact needs and specifications. That means you can forego features you won’t use and add features you may not have been able to find on a specific trim of that vehicle. With the added flexibility that comes with ordering a new Toyota vehicle, it truly makes right now better than ever to buy a new vehicle.

Stop by Toyota of Abilene located in Abilene to place an order for your new Toyota vehicle today!

Reasons You Should Avoid Buying a Car in 2022

This blog would not be complete without a good counterargument. So, let’s talk about a few reasons why you may want to avoid buying a new car, truck or SUV in 2022.

Seemingly Endless Waiting Lists

One good reason to avoid purchasing a new or pre-owned vehicle in 2022 is the waiting game. Let’s face it, nobody wants to spend their hard-earned money on a vehicle they have to spend months waiting for. However, the reality of this post-pandemic world is filled with long waiting lists for new vehicles of all shapes and sizes.

If you’re considering purchasing a new car, truck or SUV, make sure to inquire about the average waiting time at your dealership of choice. Another thing to keep in mind is delays do happen, especially with the rampant issues in the global supply chain. That being said, if you place an order for a new vehicle, be prepared to be patient.

Patience is a virtue they say, and if it’s a virtue that escapes you, perhaps its best to look into a pre-owned vehicle instead. If a pre-owned vehicle is something you would consider, Toyota of Abilene has plenty of them to choose from at their Abilene location — stop by today!

Record-High Prices

An unfortunate consequence of the vehicle shortage has been the steep rise in the prices of new vehicles. With incredibly high demand and constrained supply lines, the cost of new vehicles is rising to record highs in a staggeringly short amount of time. Many new vehicles are flying off of dealership lots, sometimes for prices above the manufacturer’s suggested retail price (MSRP).

Although interest rates are at all-time lows, it still may be wise to refrain from purchasing a new car, truck or SUV in 2022 thanks to the rising cost of new vehicles. If you want to save money and can keep driving your current vehicle, it just may be best to wait out this influx of pricing on new vehicles.

Fewer Options

Yet another drawback to purchasing a new vehicle during this shortage is the lack of available options. Due to the semiconductor shortage, vehicle manufacturers are opting to only produce certain types and trims of vehicles, leaving less variety to choose from. This is being done in an effort to keep profits where they need to be while dealing with a constrained supply of vehicles and parts.

During this shortage, you run the chance of walking onto a dealership lot and not being able to find a vehicle to fit your wants or needs. Many vehicles that are being produced right now are coming loaded with options and features, which increases the cost and makes them less appealing to budget-conscious consumers.

If you’re considering purchasing a new vehicle in these times, keep in mind that you may not get exactly what you want in a vehicle. This can be prevented with a little patience, all you have to do is simply wait out this global semiconductor shortage which should be over soon. Getting the vehicle of your dreams is still possible despite the worldwide shortage of vehicles, so don’t lose hope!

The Answer Is

Now that both sides to the argument have been made, the answer to the question “Is Buying a Car in 2022 Worth It” still remains a resounding yes. This is because the power is still in the hands of the consumer, even with the reduced supply of new and pre-owned vehicles. Consumers are more powerful than ever in the post-pandemic world, and it’s because struggling companies need every dollar they can get. Keep this in mind when shopping for your next vehicle, whether it’s new or pre-owned.

If you’re still reading and have realized that now is better than ever to buy a new vehicle, then stop by Toyota of Abilene located in Abilene, TX today! At Toyota of Abilene, they stock the Abilene, TX area’s biggest selection of new, pre-owned and certified pre-owned Toyota vehicles and sell them at the best prices. Get the best deal on your next Toyota vehicle by shopping at Toyota of Abilene located in Abilene today!

Categories
Service Center

What is Synthetic Oil and How Often Should I Change It?

Does your car, truck or SUV need an oil change? If so, have it performed here at Toyota of Abilene located in Abilene, TX today!
Does your car, truck or SUV need an oil change? If so, have it performed here at Toyota of Abilene located in Abilene, TX today!

Some may say that the engine is the most important part of your vehicle, but the truth is, it isn’t the engine itself, but what runs through it that is the most important part of your vehicle. Engine oil is the most important part of your vehicle, as it protects vital components of your engine that keep your car running right. Through short trips, weekend joy rides, and long cruises, the oil in your engine heats up and cools off multiple times, and must not degrade during this process as that could cause engine wear and tear, and eventual failure.

To keep engine oil from degrading quickly, oil manufacturers turned to synthetic oil blends which degrade at a slower rate and even provide improved protection to the engine. Synthetic oil is far more refined than traditional oil, resulting in less engine friction, reduced sludge buildup, and even better engine performance.

If you’re located in Abilene or the surrounding areas and wondering when you should change your oil, you’ll want to read the rest of this blog!

What is Synthetic Oil?

Synthetic oil is an artificial lubricant that was designed to reduce friction and wear of internal combustion engines, as well as replace traditional motor oil. Developed from chemically modified petroleum instead of crude oil, synthetic oil provides better performance by reducing friction and wear of your engine, far better than a traditional motor oil can. Synthetic oil tends to degrade at a slower rate than traditional motor oil, making it an attractive choice to auto manufacturers attempting to keep their vehicle maintenance costs low.

One of the best benefits of synthetic oil that often goes overlooked is it’s reduced impact on the environment. With synthetic oil usage on the rise, the world’s reliance on crude oil has decreased, thus reducing the environmental impact that oil has. If you want to reduce your vehicle maintenance costs, wear and tear, and environmental impact, using synthetic oil in your car is the way to go!

Why Should I Use Synthetic Oil?

The use of synthetic oil isn’t just about reducing your environmental impact or stopping the use of crude oil throughout the world, its best trick is increasing the performance of your engine! Synthetic oil is great to use in your engine, as it can withstand a wider range of temperatures, is more stable, and causes less engine sludge. Using synthetic oil also means your internal engine parts will stay better lubricated, meaning less wear and tear on your engine and better performance too.

With a longer lifecycle, synthetic oil allows you to stretch the time between changes, as they last anywhere from 7,500 to 15,000 miles. This longer lifecycle means you can save money and not worry about your engine’s performance degrading or being at risk. If you own a newer car with a turbocharged or hybrid engine, using synthetic oil is a must as these engines have higher compression ratios which cause extreme wear and tear.

How Often Should I Change My Oil?

Each vehicle and engine has different requirements for oil change intervals, but its been a general rule of thumb to change your oil every three months or 3,000 miles. These days, however, oil change intervals seem to be growing, with most manufacturers making the switch to synthetic or fully synthetic oil. Since synthetic oil takes far longer to degrade and can withstand higher temperatures, you should be able to stretch out the time you take between oil changes.

With most synthetic oil manufacturers claiming to get tens of thousands of miles between each oil change, it’s easy to get confused about when you should be swapping out your oil. The best way to know when to get an oil change is to read your car’s owner’s manual, as it will list all the various service intervals needed to maintain your car properly. If you’re unsure of when to change your oil, simply call up the parts and service experts here at Toyota of Abilene, we’ll be happy to provide you with that information.

Where Can I Get Synthetic Oil?

You can purchase synthetic oil from your local auto supply store, or you could stop in here at Toyota of Abilene as we stock the widest variety of synthetic oils around. Not only will we have the exact synthetic oil and filter you’re looking for in stock, but we’ll have it at the best price as well.

Is it time to change your oil? Have it changed here at Toyota of Abilene, as we have the best team of expert mechanics and the lowest prices in the Abilene area. Don’t waste your precious weekend beneath your vehicle, let our certified mechanics here at Toyota of Abilene Service Center, located in Abilene, TX.

Categories
New Toyota Vehicle

Lithia Toyota of Abilene’s Top Tips for First-Time Car Buyers

iStock/skynesher
iStock/skynesher

When you’re on the search for a new vehicle, having an idea of how you will finance the vehicle is just as important as knowing which make and model you want. Just as you would shop around for the best price on that vehicle, you should look for the best financing options available for your purchase. This is why the most efficient way to handle your financing is by financing with the dealership you’re purchasing from.

Here at Lithia Toyota of Abilene we not only have the largest selection of new and pre-owned vehicles, but we also have an in-house finance team that works with the best lenders available to help finance your purchase. Financing your new or pre-owned vehicle is easy here at Lithia Toyota of Abilene, as most of our customers get approved and drive home the same day.

Pick from the widest selection of new and pre-owned vehicles and top financing options, only available here at Lithia Toyota of Abilene.

The Benefits of Financing at Lithia Toyota of Abilene

Purchasing a new vehicle, while exciting, can also be confusing to some, especially when it comes to financing. Finding the right lender to finance your new vehicle means filling out multiple applications, and waiting to hear back from those lenders as they make a decision, which could take days or even weeks. Financing your new vehicle here at Lithia Toyota of Abilene cuts out all of that hassle, as our finance professionals work with a variety of lenders, giving you plenty of options to choose from.

Plenty of Lenders to Choose From

One of the biggest advantages to financing here at Lithia Toyota of Abilene is our large portfolio lenders to choose from. Throughout our many years of operation, we have developed strong relationships with some of the top lenders in America. These strong, personal relationships with our lenders allow us to negotiate on our customer’s behalf, ensuring that our customers are getting the best interest rates and loans possible.

At Lithia Toyota of Abilene, we also have access to manufacturers’ financing companies, which aren’t typically available to the general public. Being able to access such a wide range of lenders means that we can always find the top rates and financing terms for you to choose from. Finding the right lender for your new or pre-owned vehicle is made easy when you let us handle the financing here at Lithia Toyota of Abilene.

Special Financing Terms

Another great benefit of financing here at Lithia Toyota of Abilene is we are able to offer special financing terms, that are only available through manufacturer lenders. Working closely with manufacturers gives us access to limited financing specials such as 0% interest rates, finance incentives and discounts, and even extended terms. A good way to save money on your next vehicle purchase is by taking advantage of special financing rates and terms that are only available by financing through the dealer. Choosing to provide your own financing means you’ll miss out on the great benefits that come with financing here at Lithia Toyota of Abilene.

Getting the best financing rates and terms on your new vehicle purchase is simple when you finance with us here at Lithia Toyota of Abilene.

Don’t Fear the Credit Check

The term “credit check” tends to put fear into most people, but here at Lithia Toyota of Abilene, there is nothing to fear when it comes to credit. A great benefit of financing with us at Lithia Toyota of Abilene is that we will work with you no matter your credit score, as we have a variety of lenders for every credit situation. We work with people in all types of credit situations, ranging from no credit history to folks with foreclosures and bankruptcies, no matter your situation we will have a solution for you.

At Lithia Toyota of Abilene, we want you to drive home happy, and that’s why we work tirelessly to secure financing for you no matter your credit score.

One-Stop-Shop

The best part of financing with us here at Lithia Toyota of Abilene is it makes us your one-stop shop for a new or pre-owned vehicle, saving you time and money. With the car buying process already being time-consuming, it makes sense to save time by financing in-house here at Lithia Toyota of Abilene. Trying to finance your own vehicle means filling out a ton of applications, and then waiting to hear back from each lender over the next few weeks, wasting your precious time. You’re already putting time into finding the right new or pre-owned vehicle, why invest more into finding the right lender when Lithia Toyota of Abilene will do it for you?

Here at Lithia Toyota of Abilene, we work closely with our lenders, which allows us to negotiate the top financing rates and terms for our customers every time. Because of our high standing with our variety of lenders, they make deals for us they wouldn’t make for anyone else, giving us access to special financing rates and terms not able to be had anywhere else! Take advantage of this by financing your new or pre-owned vehicle here at Lithia Toyota of Abilene.

If you’re in Abilene, TX, or the surrounding areas and looking for the top finance rates on new and pre-owned vehicles, look no further than here at Lithia Toyota of Abilene.