The Benefit of Experience and Relationships
One of the benefits of doing your auto finance through our dealership is that our finance staff has a wealth of experience working with a variety of individuals with different financial backgrounds. Whether you have had financial challenges in the past or are looking to build credit, don't let stop you from applying. Our team will use its relationships with our assortment of national and local lenders to your benefit and try to secure financing for you. The nice thing about these relationships is that we can pick up the phone and call a lender with questions or concerns if we must and the person on the other line knows us and has done business with us in the past multiple times.
Buying vs Leasing: The New Vehicle Question
Our customers in Standish, MI looking at a new Chrysler, Dodge, Jeep, or RAM vehicle often come to our team with the question of whether they should finance or lease the automobile they are considering. Leasing is becoming a more popular way for people to finance their new vehicle. There are some advantages to leasing a vehicle like:
- Lower Monthly Payments-When financing a new vehicle, leasing will almost always get you a lower monthly payment than an automotive loan.
- Limited Commitment-Lease agreements tend to be two to four years. This means if you do not like the vehicle, you do not have to worry about trading out of it early and having negative equity or being forced to remain it for an extended period. There is a finite amount of time you will be in the vehicle and then you can move on to something else.
- Manufacturer Coverage-Unless you are in a higher mileage lease, you will always have some form of warranty coverage from the manufacturer for the entire time you are in the lease agreement. This means you will not be responsible for any of the repairs while the vehicle is in your possession.
Proponents of buying an automobile state one of the main reasons they prefer buying a vehicle is that they like the equity they have in a vehicle when they finish paying off their auto loan. They can apply this equity towards their next vehicle or sell the vehicle and pocket the proceeds from the sale. Some other folks like the fact that they don't need to worry about mileage restrictions or damages when they are buying a vehicle. Our finance team can go over your specific situation and help you determine which option would suit you best.
Should I Bring Anything to the Dealership?
There are a couple things you might want to bring with you to the dealership if you are considering purchasing or leasing your next vehicle, especially if you have had some financial challenges in the past. You are going to want to make sure you have your valid driver's license, a copy of a recent paystub, a copy of your insurance card, and proof of residence, like a utility bill. Bringing this documentation with you will help ensure that there is no delay or denial of your financing because of something you can't provide. We are a dealer that believes in being prepared, even if you don't end up needing the information.
A Dealer for All Your Automotive Needs
We want to be your chosen dealer for all your automotive needs. After you purchase or lease your next vehicle, we'd love to see you do your routine maintenance at our service center. Your satisfaction is our top priority.
Complete our credit application and a finance professional from Richardson Chrysler Dodge Jeep RAM, in Standish, MI, will contact you regarding your financial options.
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