So you’ve decided to get a new (or quality pre-owned) Chrysler. Your next task is to decide how to pay for it. At Cook Chrysler Dodge RAM, we can help you figure out your options for Chrysler financing.
Financing at a Glance
The two main types of financing a Chrysler car are direct lending and dealership financing. Not all financing is created equal — one type may work better for you. Read on to explore both.
Direct Lending
Direct lending means securing a loan through a bank or credit union to pay for your new car. After you secure this loan, you’ll pay it back in installments directly to the financial institution. Once you’ve paid it off (with interest), the car is yours.
Direct lending has its advantages. For instance, you can get pre-approved credit terms, locking down the maximum amount you can borrow, annual percentage rate (APR) and length of the loan (in number of months). Your bank or credit union may also run special deals or rates for those looking to take out car loans — be sure to ask!
Dealership Financing
Financing through a dealership means that you agree to buy the Chrysler car via a payment plan. Dealership financing offers the leeway to choose from a wide variety of different types of deals. We will work with you to determine what deal is best for you and your chosen Chrysler vehicle.
There are drawbacks and advantages to both routes, but it will depend on your particular situation. Through dealership financing, we can secure competitive rates from our manufacturer and local banks, help you find extended and comprehensive warranty programs, and much more.
Schedule a test drive in your preferred Chrysler model, apply for Chrysler financing, or just come to Cook Chrysler with any questions you might have. We’re happy to help you determine which financing avenue is best for you.
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