Exploring Car Financing Options at Your Jeep Dealership

When you’re in the market for a Jeep, many factors go into car financing. From buying new to buying used, from leasing to refinancing to term adjustment, your Jeep dealer can not only help you get into a phenomenal new ride but can help you do so with payment options to meet your budget. Let’s dive into the world of financing your sweet new Jeep.

Exploring Car Financing Options: What Your Jeep Dealer Wants You to Know

Buying a Brand-New Jeep

Take it from a Jeep dealer: there’s nothing quite like the joy of driving off the lot in a brand-new Jeep that you can call your own, whether it’s your first new car or the latest in a long line of great rides. Our mission is to help you get into the car you deserve to drive home. Let’s examine what goes into financing a brand-new Jeep.

The Purchase Price

The price of the vehicle you select will have a large impact on your monthly payment, but as you’ll see, there’s more that goes into determining how much you pay each month than the price of the vehicle. The purchase price includes several things, including the sticker price of the vehicle, any upgrades or accessories you purchase, plus any additional taxes and fees that apply to buying a car.

Cash Allowances and Rebates

A cash allowance, also sometimes known as a cash rebate, is a type of discount offered on new or used vehicles to help make them easier to purchase. We have multiple vehicles in stock that are eligible for cash allowances to well-qualified buyers, and if you’re shopping for a bargain, you should definitely check them out.

EV Incentives

Thinking about buying a brand-new Wrangler 4xe or Grand Cherokee 4xe plug-in hybrid? There’s good news! The federal government offers up to a $3,750 income tax credit to purchasers thanks to IRS Code Section 30D. If you decide to lease instead, however, well-qualified lessees may be eligible for a $7,500 incentive from the leasing company. Either way, there’s significant help available to make hybrid vehicles more affordable.

The Down Payment

The down payment you decide to make can significantly impact your monthly payments. For example, if you negotiate a no-down-payment car financing deal, that may add financial flexibility in the short term, since less cash winds up leaving your pocket. But the upside of a down payment is that the money you spend upfront doesn’t wind up accruing interest across the life of the car loan, meaning that a “$0 down” loan may cost more in the long run.

Our friendly and helpful staff can help you balance the need for current liquidity versus the desire to reduce the total loan amount and interest paid, so be sure to go over your unique situation and parameters with our loan staff.

Your Trade-In

If you already own your vehicle, then there’s great news for you. Your current car can help you slip into the brand-new Jeep of your dreams! When you trade in your current car, our qualified team of experts will offer you a fair value toward your new purchase, allowing you to potentially shave a significant amount off the purchase price and make your monthly payments easier.

Leasing Your Next New Jeep

Car ownership simply isn’t for everyone. Leasing a brand-new Jeep means a short-term commitment to a vehicle, giving you the option to change rides as soon as two years down the line. You also get a vehicle when it’s at its best, fully covered by warranty, and, depending on the terms of your lease, your Jeep dealer may even handle maintenance and repairs during the lease period.

Leasing typically has a higher monthly payment, since the first two years of a vehicle’s lifespan see the biggest decrease in its value (known as depreciation). But the short-term costs of increased payments need to be weighed against the benefit of not dealing with a vehicle years along its lifespan, when chronic maintenance or post-warranty breakdowns can become costly.

Buying or Leasing Used

All the same car financing factors go into buying a used vehicle from a Jeep dealer, with the added benefit that used vehicles almost always have a lower sticker price than their brand-new counterparts. While you don’t get to be the one to break them in, there are some exceptional deals on our lot, and used vehicles can be a great deal, especially vehicles passed by our Certified Pre-Owned program.

Updating Existing Loans

Refinancing

If the current payments you’re making on your auto loan don’t suit your needs right now, there’s a very good chance our financing team can help. When you refinance a car loan, you have a chance to renegotiate interest rates and terms. That can mean that you wind up with a monthly payment that better suits your lifestyle and available income, opening up additional options to manage your finances.

Term Adjustment

The two biggest factors that determine how large a monthly payment becomes are the total amount of the loan, and the term, or number of months that amount is paid across (along with the interest rate of the loan). For example, payments on a $20,000 loan at 0% APR across 24 months would be a staggering $833 per month, while the same amount and interest rate spread across a 60-month term yields a much more manageable $334 payment.

If you need to renegotiate the length of your auto loan, our car financing team can help you find a term and interest rate that can meet your needs.

No Credit Is No Problem

One of the beautiful things about car loans is that, unlike some personal loans, car loans are secured against the value of the vehicle. That means that lenders have a lot more options when a borrower or lessee has credit that’s less than stellar, or even no credit at all! Our friendly and supportive team members work together with our clients to help them find the perfect auto loan company for them, to help meet their specific needs and challenges.

As you can see, there are many ways to approach car financing, and your Jeep dealer can help. Contact our friendly finance team at Cutter Chrysler Dodge Jeep Ram FIAT in Honolulu, HI, and say aloha to a sweet deal on an even sweeter Jeep.