The RAM commercial fleet includes several heavy-duty RAM trucks that make perfect companions for your small business or commercial operation. Whether you’re purchasing just one truck or a whole fleet, you will likely require some form of RAM financing. Here at Cook Chrysler Dodge RAM, our team of RAM finance professionals is happy to walk you through the financing process.
Leasing a Commercial Vehicle
One of the most significant decisions you’ll have to make about your RAM commercial vehicle is whether to lease or buy it. Leasing a RAM commercial vehicle is a common financing option, and it involves making regular payments over a set period to use the vehicle. This option is ideal for businesses that need to use a vehicle regularly but do not want to be responsible for its maintenance and repair costs. Leasing also allows companies to upgrade to a newer car more frequently, which can be beneficial if they require the latest technology and features.
Purchase Financing Options
Another option is to purchase the vehicle or vehicles outright and take out a loan to pay for them. The main advantage of financing is that it provides businesses with complete vehicle ownership. This also means that you can make whatever modifications you like, as leasing often stipulates that a vehicle cannot be modified or altered in any way.
Common Financing Terms
You will likely come across these terms when taking out a financing plan.
- Down payment: An initial payment made when purchasing a vehicle, typically a percentage of the total purchase price.
- Principal: The original amount borrowed, excluding interest and other finance charges.
- Interest rate: The rate the lender charges on the loan amount is expressed as a percentage. This varies based on several factors our finance department will outline.
RAM Financing in Aberdeen, MD
Get started on the RAM financing process today at Cook Chrysler Dodge RAM. Our friendly experts are happy to walk you through the simple process.
Connect with us
