Finance Center

Oxmoor Chrysler Dodge Jeep Ram’s finance department offers a variety of financing options that are sure to fit your needs. Our dealership offers a wide variety of new and quality pre-owned Chrysler, Dodge, Jeep, and Ram vehicles to the Louisville area. The expert financing department you’ll find here is dedicated to making the experience as stress-free as possible. Our finance department at Oxmoor Chrysler Dodge Jeep Ram is ready to help you secure the financing you deserve and get behind the wheel of the vehicle you’ve always wanted.

What Does It Mean To Finance a Car?

When you finance a vehicle, you’re ultimately borrowing money from someone else to pay for it. Whether you use a private lender or go through the dealership for financing, you’ll be paying your loan back likely for years to come. Taking out an auto loan isn’t a decision you should take lightly, so it’s essential to be well informed before you start your car shopping. Our expert finance department will be more than happy to answer any questions you may have and help you feel comfortable during your car buying experience.

Steps To Take Before Shopping

Once you’ve decided that financing a new vehicle sounds like the right choice for you, there are a few steps you should take, including:

1. Check your credit
   Before you head to the dealership, you should check your credit. This credit check will help you be aware of any issues that may arise when you apply for financing. You usually receive a copy of your credit score after you apply for financing, but viewing your credit report beforehand can help you be more prepared for what financing offers you can expect to receive.
2. Determine your budget
   You should determine how much of your monthly budget you’ll be able to use for a payment on your vehicle loan. Go through your income and all current bills and figure out exactly how much you’re comfortable paying for your new vehicle.
3. Identify a co-signer
   If you think you’ll need a co-signer, have that person come with you when vehicle shopping. This will allow both of you to become comfortable with the vehicle and the terms of the financing.

Why Should You Go Through Our Finance Center?

When you’re ready to purchase a new vehicle, you might be wondering the best way to go about obtaining financing. Is it best to go through your dealership’s finance center? While the choice is ultimately up to you, there are two big reasons why going through the dealership may be the best choice.

First, bank financing is when you go directly to the bank or credit union of your choice to apply for financing. Once you’re pre-approved, you’ll get a quote and a letter to take to the dealership to finalize the contract. After you get to the dealership and set terms, a hard credit check will be performed, and rates may change before your final approval. Going through the dealership’s finance department can help you avoid any surprises.

Also, when you apply for financing through the dealership, the finance department will do most of the work for you. You’ll choose your vehicle and work with a finance expert to fill out your application. They will sort through loan offers and help you determine which is the best for you and help get terms you can afford.

Choosing the option that’s best for you may not be easy. Just keep in mind that Oxmoor CDJR will work hard to get you a payment you can afford and will outline each detail for you so you know exactly what you’re getting into when purchasing your next vehicle.

What Does It Mean To Lease a Vehicle?

The major difference between financing and leasing a vehicle is that when you lease a vehicle, you don’t own the vehicle when your lease term is over. You’re paying for the use of the vehicle, but the financing institution owns it. Leases typically come with lower payments but stricter terms and credit requirements. There are mileage limits on a lease, so if you’re planning on using the vehicle for vacations and commuting long miles to and from work, financing may be a better option.

Bad Credit Loans

If you’ve been searching for a dealership to help you out with bad credit, Oxmoor CDJR has your back. We understand that mistakes happen and that your credit score shouldn’t define your ability to secure vehicle financing. Visit us today, and one of our credit and financing experts can go over your options and help you get a new vehicle today. We can match you with a loan program that fits your needs and budget.

What Do You Need When Applying for an Auto Loan?

Our finance department will help do the work for you when it comes to auto loans, but there are a few things you’ll need to bring along to help the process go smoother. Be prepared with the following information you when you visit Oxmoor CDJR:

Your full name, date of birth, and Social Security number.
Your current address and how long you’ve lived there, and a previous address if you recently moved.
The name of your workplace and how long you’ve worked there.
All of your current income sources, total gross monthly income, and any debt obligations; this is to ensure the lender that you can repay the loan.

• IT’S FAST, EASY AND SECURE
• YOU CAN OVERCOME YOUR BAD CREDIT

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