Financing your next new car or used car should not be a time consuming hassle! Let our online auto finance application reduce the amount of time you need to spend on auto loan hunting. Sitting around waiting on a finance approval at a dealership is stressful! So get your auto loan approved before arriving at our greater Duncan Chrysler, Jeep and Dodge dealership.
Bow-Mel Chrysler provides some of the quickest loan approval times on a car loan in the Duncan and surrounding area, and high approval rates for damaged credit auto loans. You can qualify for an auto loan for your new Chrysler, Jeep, Dodge or used car at an affordable rate, regardless of what your past or current credit situation is. Special financing is not only for buyers with bad credit. Self-employed or commissioned employees may be classified as somewhat higher risk and our auto financing services can help most people who are classified as such.
Give the Bow-Mel Chrysler finance team a call or visit us at 461 Trans Canada Highway Duncan, BC, on Vancouver Island, near Ladysmith, and Victoria. You can also contact us by filling out our contact form below. We look forward to serving your British Columbia auto financing needs.
461 Trans Canada HighwayDuncan, BC V9L3R7
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit kilometres from 12,000 to 15,000 kilometres annually. Beyond these figures, fees in the range of $0.10 to $0.25 per kilometer begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.