Oxford County Chrysler Dodge Jeep RAM takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.
Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.
Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.
Oxford County Chrysler Dodge Jeep RAM can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.
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.
Leasing a vehicle from Oxford County Chrysler Dodge Jeep RAM presents an enticing proposition for drivers who crave the exhilaration of driving a brand-new car while maintaining manageable monthly payments. With a lease, you essentially “rent” the vehicle for a predetermined period, typically two to three years. Once the lease term expires, you have several options: you can trade the car in for a newer model, purchase it outright, or simply return it and walk away. This flexibility appeals to those who enjoy staying up-to-date with the latest automotive trends and technology without the long-term commitment of ownership.
On the other hand, financing a vehicle through a loan may be more suitable for individuals who prefer the stability of long-term ownership and the opportunity to build equity in their car. When you finance a vehicle, you’re essentially taking out a loan to purchase it. Over time, as you make monthly payments, you gradually pay off the loan until you own the vehicle outright. This option provides a sense of ownership and pride, knowing that the car belongs to you once the loan is paid off.At Oxford County Chrysler Dodge Jeep RAM, we offer flexible financing plans tailored to meet the diverse needs of our customers. Whether you opt for leasing or financing, our goal is to ensure that you find a payment plan that aligns with your budget and lifestyle. Our financing experts are committed to assisting customers of all credit backgrounds, whether you have excellent credit, less-than-perfect credit, or no credit at all. We believe that everyone deserves the opportunity to drive a reliable and stylish vehicle, and we’ll work tirelessly to make that a reality for you.
When deciding between leasing and financing, it’s crucial to consider your individual preferences, financial situation, and driving habits. Leasing typically offers lower monthly payments and may require little to no down payment upfront. However, there are limitations, such as mileage restrictions and potential fees for excess wear and tear. Financing, on the other hand, may involve higher monthly payments, but it allows you to build equity in the vehicle over time and offers the freedom to customize and drive as many miles as you wish.
To further assist you in your decision-making process, let’s address some common questions:
Leasing often appeals to drivers who relish the experience of driving a new vehicle every few years without the long-term commitment of ownership. With leasing, you essentially pay for the vehicle’s depreciation over the lease term, resulting in lower monthly payments compared to financing a purchase. This can free up more disposable income for other expenses or indulgences, making it an attractive option for those who prioritize flexibility and affordability.
Furthermore, leasing offers the opportunity to enjoy the latest automotive technology and features without worrying about the vehicle’s long-term reliability or resale value. Since lease terms typically last two to three years, lessees can effortlessly transition to newer models, staying ahead of the curve in terms of safety, performance, and convenience features.
Additionally, leasing may provide certain financial benefits, such as tax deductions for business use or the ability to avoid costly repairs associated with older vehicles. It also eliminates the hassle of selling or trading in a car at the end of its lifecycle, as you simply return the leased vehicle to the dealership and walk away, ready to lease another one if desired.
Car loan terms vary, but they typically range from three to seven years. The length of the loan term affects your monthly payments, with longer terms resulting in lower payments but potentially higher overall costs due to interest.
Shorter loan terms, typically ranging from three to five years, result in higher monthly payments but offer several advantages, including lower overall interest costs and faster equity accumulation. With shorter loan terms, borrowers pay off the principal balance more quickly, reducing the amount of interest accrued over the life of the loan. Additionally, shorter loan terms provide a sense of financial security, as borrowers can pay off the vehicle sooner and potentially upgrade to a new one sooner.
Conversely, longer loan terms, ranging from five to seven years or even longer in some cases, result in lower monthly payments but may entail higher overall costs due to interest. While longer loan terms make monthly payments more manageable and affordable for some borrowers, they also prolong the repayment period, leading to higher total interest expenses over time. Additionally, longer loan terms increase the risk of negative equity, where the outstanding loan balance exceeds the vehicle’s value, particularly in the early years of the loan.
When considering the length of a car loan, it’s essential to strike a balance between affordability and long-term financial implications. While longer loan terms may offer lower monthly payments, they can lead to higher overall costs and extended financial commitments. Conversely, shorter loan terms may require higher monthly payments but offer greater savings in interest and faster equity accumulation.
At Oxford County Chrysler Dodge Jeep RAM, we recognize that life is unpredictable, and circumstances beyond your control can sometimes result in credit challenges. Whether you’ve experienced unexpected financial setbacks, faced medical expenses, or encountered other circumstances impacting your credit history, we’re here to help. Our dedicated financing team specializes in providing personalized solutions and support to customers with a wide range of credit backgrounds.
When you visit Oxford County Chrysler Dodge Jeep RAM, you’ll find a welcoming and supportive environment where our financing professionals take the time to understand your unique situation and financial goals. We believe that everyone deserves access to reliable transportation, regardless of their credit history, and we’re committed to finding solutions that work for you.
Our financing specialists have extensive experience working with customers facing various credit challenges, including low credit scores, previous bankruptcies, foreclosures, and more. We understand the complexities of the credit system and leverage our expertise to explore financing options tailored to your specific needs and circumstances.
One of the key advantages of working with Oxford County Chrysler Dodge Jeep RAM is our vast network of lending partners and financial institutions. We have established strong relationships with reputable lenders who specialize in assisting customers with subprime credit or no credit history. These partnerships allow us to access a wide range of financing options and negotiate competitive terms on your behalf.
While a down payment is often recommended to reduce the overall cost of financing and lower monthly payments, it’s not always required. Our financing experts will work with you to explore options that fit your budget, whether or not you’re able to provide a down payment.
Financing a vehicle without a down payment can be a viable option for many buyers, particularly those who may not have substantial savings or prefer to preserve their cash for other expenses. While a down payment is typically recommended to reduce the overall cost of financing and lower monthly payments, it’s not always a strict requirement. At Oxford County Chrysler Dodge Jeep RAM, we understand that every customer’s financial situation is unique, and we’re committed to finding solutions that accommodate your individual needs and preferences.
When considering financing options without a down payment, it’s essential to understand the implications and factors involved. While a down payment can help lower the amount financed and potentially secure more favorable loan terms, it’s not the only factor that lenders consider when evaluating your creditworthiness. Other factors such as credit history, income stability, employment status, and debt-to-income ratio also play a significant role in determining your eligibility for financing and the terms you qualify for.
Our experienced financing experts at Oxford County Chrysler Dodge Jeep RAM are here to guide you through the process and explore options that align with your budget and financial goals, regardless of whether you’re able to provide a down payment. We’ll take the time to assess your unique financial situation, discuss your preferences and priorities, and tailor a financing plan that meets your needs.
One option for financing a vehicle without a down payment is to explore zero-down financing programs offered by lenders. These programs may be available to qualified buyers and allow you to finance the entire purchase price of the vehicle without the need for a down payment upfront. While zero-down financing can make purchasing a vehicle more accessible for some buyers, it’s essential to review the terms and conditions carefully to understand any potential implications, such as higher interest rates or longer loan terms.
Another option to consider is trading in your current vehicle to offset the need for a down payment. If you have a vehicle with equity, you may be able to use the trade-in value as a down payment on your new purchase, reducing the amount financed and potentially lowering your monthly payments. Our team at Oxford County Chrysler Dodge Jeep RAM can assist you in assessing the value of your trade-in and exploring how it can be used to facilitate your vehicle purchase.
When you’re ready to explore your financing options further, we invite you to visit our dealership in South Paris. Our friendly and knowledgeable staff are here to guide you through the process, answer any questions you may have, and help you find the perfect vehicle and payment plan for your needs. You can even get started online by filling out your application paperwork in advance using the convenient tools on our website.
At Oxford County Chrysler Dodge Jeep RAM, we’re dedicated to making your car-buying experience as seamless and enjoyable as possible. Let us help you embark on your journey toward owning or leasing your dream vehicle today
