Chrysler Capital

Are you searching for a new car in the Waukesha area but don’t know how you are going to pay for it? Rising car prices are making it harder to start car shopping–even if you need a new car.

Chrysler Capital is a program established in 2013 to help customers finance a car from Fiat Chrysler automakers. Those automakers include Dodge, FIAT, Chrysler, Jeep, and Ram. To reduce the strain on your wallet, consider using Chrysler Capital at Ewald CJDR in Oconomowoc. 

Our mission at our Waukesha car dealer is to pair the right car, truck, or SUV with the right customer while exceeding your customer service expectations. So, we are providing you with an in-depth guide to Chrysler financial services below. Read on to learn more about Chrysler Capital and leasing at Ewald CJDR in Oconomowoc!

What Is APR For Cars?

The Annual Percentage Rate (APR) is the additional cost you pay each year on your loan, including fees, expressed as a percentage. There are a few things that can impact your APR:

• The amount you borrow

• Your credit score

• Your lender’s fees

It’s essential to understand how interest rates and APR work. Don’t hesitate to contact our finance experts at Ewald CJDR in Oconomowoc if you still have questions. They are ready to help you!

How To Finance A Car

Once you have decided which car you want to buy, you have two payment options: pay for the car in full or finance the car over time with a loan. Financing a car may seem overwhelming, particularly for a first-time car buyer. There are three factors to consider when using a loan to finance a car:

• Loan amount: The total amount you’re borrowing to get your car

• APR: the interest rate + fees that you pay on your loan

• Loan term: The amount of time you have to pay back the loan

Below you can learn more about how to apply for a car loan.

How To Apply For A Car Loan

To get a car loan with the best interest rate, it’s important to follow specific steps. 

1. Check your credit. Your first step should be to check your credit report and credit score. This score can significantly impact the interest rate of your car loan.

2. Determine how much money to borrow and what you can afford. When looking for your loan, you should know what type of car you’re aiming to buy. Use our online auto loan calculator to create your budget.

3. Get pre-approved. Ensure that you have the proper documents with you: driver’s license, proof of insurance, proof of income, and proof of residency. Apply online or at our dealership to see what interest rates you can get.

4. Accept the Offer. Accept the loan offer that you are happy with.

5. Pick out your Car. Find a car at our car dealership near you that fits your budget and lifestyle.

Buying a car, truck, or SUV is a big decision, but we are here to help you get behind the wheel of your dream car. Use our auto loan calculator to determine the right amount to borrow.

Does Applying For A Car Loan Hurt Your Credit?

Applying for a car loan triggers a hard credit inquiry–which means that a lender will check your credit. This process can lower your credit score by a few points temporarily. The good news is that you can build your credit score back up with each on-time payment.

What Is Leasing A Car?

Want to drive a new car without the large monthly payments that come with financing a car? Consider leasing your next car. Leasing a vehicle is like renting a house. You make payments to use the house/car, but you won’t own it at the end of the leasing period.

Is Leasing A Car A Good Idea?

 Leasing a car has several benefits that may appeal to you:

• Drive the newest models. Because leasing terms only last two to four years, you can constantly upgrade to new cars with the latest tech.

• Have more affordable payments. Leasing payments are typically cheaper than if you had a Chrysler Capital payment.

• You aren’t responsible for car maintenance. The warranty may cover any issues that you run into since a leased car is newer.

• Downpayment is rare when you lease a car.

• Reduced hassle. If you own a car, you have to trade it in or sell it when you no longer need it. You have to return the car to our car dealership near you when you lease.

Is it Better To Lease Or Finance A Car?

As you search for your next car, consider your lifestyle, whether you want to own a car and your budget. That will help you decide what will be best for you. Still, have questions? Get in touch with one of our finance experts at our car dealership near you. They will help you determine what Chrysler financial services could work best for you!

Apply For Chrysler Capital Loan Or Lease At Ewald CJDR in Oconomowoc!

At Ewald CJDR in Oconomowoc, we understand that each customer is in a different financial situation. So, our finance experts work alongside you to ensure that you find the right Chrysler Capital payment plan for your lifestyle and budget. Please stop by our Waukesha car dealer to discuss your financing options!