Buying a car is no small investment. Let the finance team at Ourisman Chrysler Dodge Jeep® RAM of Bowie help you figure out the ins and outs of your upcoming purchase.
Whether you’re buying a new or pre-owned vehicle, one of the benefits of shopping at our Jeep dealership near Crofton, MD is the ability to find the perfect solution to finance your purchase. Taking out an auto loan when buying a car is common practice and nothing to be scared of. Even if you have bad credit, our team will work to find you a car and a loan that work for you.
Just like credit cards, the balance of your auto loan will gain interest over time, but at a much lower rate than a credit card. That means that by the end of the loan term you will pay more than the price tag of the car. The good news is you get to pay off that cost over the course of a few years in manageable monthly payments. The additional money goes to the bank for fronting the money for you to drive off the lot as soon as you’re ready.
If you want to get a sense of what the monthly cost of your next vehicle could be, check out our payment calculator. It lets you punch in the price of a car, say a 2017 Chrysler Pacifica, and find out how much it would cost you each month given a set length of a loan, down payment made at the date of purchase, and APR or interest rate.
Be sure to check out our car finance specials, which help active military and veterans, contractors, people with disabilities and more to purchase their next vehicle by providing cash bonuses at purchase.