Finance Chrysler Vehicles at Covert Chrysler Dodge Jeep® RAM

June 14th, 2020 by

Congrats on finding the Chrysler model of your dreams! The next step is to head into Covert Chrysler Dodge Jeep® RAM to take it for a test drive and begin the Chrysler financing process. Since this process can be overwhelming at times, we’d like to share some information beforehand. Our team is here to help you every step of the way and answer any questions you may have.

About Financing

In order to finance a Chrysler car, RAM truck, or Jeep SUV, you will need to take out a loan from a financial institution to cover the total cost of the vehicle plus interest and fees. Over a set period of time, usually five or six years, you will repay the lender.

Interest is the amount you pay to the lender for borrowing money and will be in the form of a percentage. This number depends on a variety of factors including your credit score and the length of your loan. If you choose to finance a pre-owned Chrysler car, this may also impact your interest rate.

Once your loan is all paid off, the car is officially yours!

Financing vs. Leasing

During the car shopping process, the decision to finance or lease will need to be made. When you decide to finance a vehicle, you are likely planning to drive it for many years to come. This option comes with no mileage cap, allows you to customize however much you’d like, and eventually say goodbye to monthly payments.

Leasing is when drivers take out a loan to “rent” a vehicle for an extended period of time, usually 36 months. It typically comes with lower monthly payments and allows owners to enjoy the latest automotive enhancements. At the end of your lease, you may purchase the car, trade it in for a newer model, or walk away.

Head to Covert Chrysler Dodge Jeep RAM to begin car shopping today. Our Chrysler dealers look forward to working with you!

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