Now that you have found your new or used Dodge, RAM, Jeep or Chrysler you might now be looking forward to the next part: financing. However, obtaining a car loan or lease near Suffolk, Chesapeake, Norfolk, Virginia Beach and Hampton, VA does not have to be hard. Here at Starr Motors, our Dodge, RAM, Jeep and Chrysler financing experts are efficient at finding the right auto loan or lease that will fit your exact wants and needs.
Looking to start financing your Dart, Journey, 1500, Grand Cherokee or Town & Country? Fill out our finance application down below. Or, if you're more interested in talking it out, feel free to visit us in person at 2584 Pruden Blvd Suffolk, Virginia during regular our business hours.
2584 Pruden BlvdSuffolk, VA 23434
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 mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile 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.