You may be able to pay outright for your next car, but should you? Taking on a loan or lease through the Chrysler financing department at Cook Chrysler Dodge RAM has benefits that might surprise you and entice you to take out a loan even if you don’t think you need one.
The Option to Buy New
If you limit yourself to paying cash, you may only have enough money on hand for a used car. Financing allows you to buy a new RAM truck. That, in turn, means more advanced infotainment and safety features, better long-term reliability, and higher fuel efficiency that saves you money on every ride.
Opportunities to Build Your Credit
A car loan can be a great way to build up your credit score. And even if you have poor credit or no credit at the moment, our Chrysler finance team is willing to work with you to help find a loan that lets you afford a new car. If you keep your payments on time, that loan can even help to rebuild your credit!
Money for a Rainy Day
Financing your car is a good idea for another reason folks tend to overlook. Low monthly payments keep more money in the bank, which has some significant advantages.
- If an emergency comes up, you have cash on hand.
- Leasing or financing at a low rate frees up money to pay down higher-interest debt.
- The money you might otherwise have spent can be invested, so your money makes money.
Here at our Chrysler financing department at Cook Chrysler Dodge RAM, our professionals are happy to find a car loan that works for you. Get pre-approved online today.
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