Hi! Ready to finance your Durango? Good, we have quick, reliable information literally at your fingertips.
Any of our finance companies can supply you with how much they are willing to lend you and for how long - in as little as 15 minutes. All you have to do is fill out the application, as you would at any bank or credit union. After you have supplied this data - your income, length of employment, debts, obligations, and other pertinent information - you are on your way. And you can even receive a check the next day, if you need it.
There is no reason to enter a dealership today without financing in place. So start now.
You need to decide how much you want to borrow and how long you will need to repay the money. This is known as the term of the loan.
Next to buying a house, purchasing a truck, car, or minivan is the biggest investment a person makes in a lifetime. Defensive shopping, along with careful research, can save you hundreds if not thousands of dollars.
Putting a large down payment towards your Durango is a good way to save money - if you have had the wisdom and forethought to save a lot of money before heading down to the dealership. Paying cash for your Durango is the ultimate money saver. But let's face facts: most people finance their Dodge Durangos.
Shopping for the lowest interest rate will save you money, as will signing on the dotted line for a short-term loan versus a long-term loan - three years versus five years, for example. Tip: make sure you are not penalized for paying your loan off early.
Interest rates on used car loans are higher than for new car loans. In other words, you save money on the sticker price of a used vehicle but might end up paying more for your Durango because of higher interest used car rates.
Shop banks, credit unions and auto loan companies to compare interest rates. You may also go through dealer financing. Work with honest, reputable lenders.
Leasing is an option, especially if you are self-employed, because when you lease a Durango, you can legally write off the entire payment as a business expense on your taxes, not just the interest.
There are many factors to consider when shopping for a loan. Sometimes the choices can seem overwhelming. But doing your research and finding out exactly what various companies are offering you can help remove much of the mystery of auto financing. The less mystery, the more confident you feel and the less worry and stress you accumulate in your life. How great is that?