Shopping for a new vehicle is an exciting venture. Looking at every vehicle's attributes, test-driving selected models, and choosing your preferred trim are highlights of the vehicle shopping process. When it is time to take your selected vehicle home, you'll have to decide how you plan to pay for it, which can be a bit stressful if you need to know what to expect.
Vehicle Financing Advice from Our Finance Center Team Near Monroe, MI
We Make it Easy!
Of course, you can come into Genthe Chrysler Dodge Jeep Ram with a financing offer from your lender, but securing financing with our team has many benefits. Financing at Genthe Chrysler Dodge Jeep Ram is simplified with an on-site team of finance professionals who have access to a large network of potential lenders to compare. As a result, our Finance Center team can get you the best deals and terms without filling out multiple applications.
Should You Lease or Finance a Vehicle?
Financing a vehicle with a traditional loan is a well-known method, but leasing can also provide flexibility for those who desire that arrangement. There are trade-offs to each of these options that should be taken into consideration before making the ultimate decision on whether to buy or lease at our Saline, MI, area dealership.
When you finance a vehicle, you may have a slightly higher monthly payment, but you will eventually gain total ownership of your vehicle once the lien has been repaid in full. In contrast, a vehicle lease may be accompanied by slightly lower payments, so you may be able to get into a vehicle you normally wouldn't be able to afford.
Benefits of Financing a Vehicle
If you want to own your vehicle outright, financing may be your best bet. Through financing a vehicle, you can make monthly payments that consist of the principal plus interest for a set period. After you've paid off the lien holder for your vehicle, you gain ownership and can keep it, sell it, or trade it in at our Ypsilanti, MI dealership.
You'll also usually have more options among lenders than you would in seeking out a lease arrangement. In financing a vehicle, you also won't have mileage requirements like a lease agreement typically entails. You can also modify your vehicle as you please, as long as it doesn't decrease the value of the financed vehicle at our Clinton, MI, area dealership.
Benefits of Leasing a Vehicle
Leasing a vehicle can be an alternative option for some buyers at Genthe Chrysler Dodge Jeep Ram. Vehicle lease agreements typically feature lower interest rates and monthly payments along with shorter-term options. These attributes contribute to the characteristic flexibility in vehicle leasing. You'll also benefit from lease agreements that provide less cash down than traditional financing.
With an agreement to return the leased vehicle at the end of the term, you can regularly try out new vehicles without the commitment of vehicle ownership. You won't have to worry about reselling your vehicle because the lessor retains ownership at the end of the lease term.
Flexible Credit Options at Genthe Chrysler Dodge Jeep Ram
We work with most types of credit at Genthe Chrysler Dodge Jeep Ram, which provides most clients a way to finance or lease their ideal vehicle. While you may have a higher interest rate or a loan term reduction, we work hard to attain competitive financing for all our clients. Our Finance Center team can shop multiple lenders, as well, so you can choose the APR and loan term that best meets your financial situation. The flexibility we offer for various credit options is one of our strengths at Genthe Chrysler Dodge Jeep Ram near Ann Arbor, MI.
We invite you to shop our inventory online, estimate your monthly payments, and fill out a financing application when ready. Let us help you get into a new or used vehicle at Genthe Chrysler Dodge Jeep Ram today.
Frequently Asked Questions
This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
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Genthe Chrysler Dodge Jeep Ram
900 W Michigan Ave
Saline, MI 48176-1464
- Sales: (734) 429-9431
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