New and Used Vehicle Financing Center in Abbeville, LA

Once you've figured out which vehicle is ideal for you and your family, the next step is determining the most cost-effective way to finance your purchase. Navigating the complex world of automotive financing can be difficult without an experienced partner you can trust. Our Sterling Chrysler Dodge Jeep Ram (CDJR) South dealership can be that partner. We have experts who can help you find the best financing for your plans and budget. We'll work with you every step of the way to help you drive off in your dream vehicle.

Overview of Our Financing Solutions at Sterling CDJR South

Our finance center at Sterling CDJR South aims to help you find the most appropriate way to finance your car purchase with us. Before visiting us, you can start the process by submitting our online finance application. It only takes a few minutes and will give you a rough idea of which financing option best fits you. We'll then work with you to figure out the final details. 

Our options include financing without a down payment and securing longer loan terms with lower monthly payments. We also work with customers who have past credit issues.

Benefits of Choosing Our Financing Center

Some specific advantages of using our finance center to finance your new or used car purchase include:

• It's convenient: Financing your car purchase when you're buying a car saves you lots of time and energy. At Sterling CDJR South, we offer a wide range of convenient services, including the possibility of trading in your existing car for a fair market price and using the money as a down payment for your new car.
• It's quick: Our finance center has the skills and experience to help you get a car loan in the shortest time possible. We send your application to multiple lenders and quickly find the best deal for you.
• It's flexible:  At Sterling CDJR South, we offer flexible financing plans. We often have vehicle specials and financing incentives to get you the best possible deal.
• It's easy: Securing a loan for a used car can be difficult, as lenders may have certain restrictions based on a vehicle's age or mileage. With our financing center, you'll have a much better chance of attaining the loan you need.

Leasing vs. Buying: Which Is Right for You?

When you want a new car, you usually have two options: leasing or buying. Both options have distinct pros and cons; analyzing them can help you decide which option suits you best.

Leasing Pros and Cons

Leasing a car involves paying a monthly fee for the right to use the respective vehicle for a specific interval, usually a few years. At the end of your leasing term, you can either take the car back to the dealership, pay a set amount to become its owner, or start a new lease on another vehicle. 

Some pros of leasing include:

• You'll be driving a new model: Leasing can be a great way to drive a latest-generation model without paying its full price. Some people start a new lease every few years, so they always benefit from the latest automotive tech.
• You can get a higher-priced vehicle: Since you don't have to pay in full, leasing allows you to get an expensive vehicle with attractive features without having the financial situation to finance its entire cost.
• You can forget about depreciation: Cars lose a lot of value in their first few years on the road, but if you're leasing a vehicle, you don't need to worry about that.

Some cons are:

• You won't own the vehicle: A car loan eventually ends, and you become the full owner without any outstanding monthly fees. That's not the case with leasing, as you'll have to return the vehicle after the leasing period.
• You won't have as much freedom: Leasing contracts usually specify a maximum number of miles you can drive each year, and penalties can be added if the vehicle isn't returned in excellent condition. You'll also be unable to make any changes to the car.

Buying Pros and Cons

Buying a car through an automotive loan is more traditional and straightforward.

Some of its pros include:

• You'll have your own car: Unlike leasing, financing a car makes you its full owner. This means you can do anything with it since it's yours.
• You'll pay less in the long run: Although leasing initially costs less, owning a car for multiple years and paying it off is usually the more cost-effective option.
• You'll have the option to trade it in: If you eventually decide you want a new car, you can trade in your existing one to finance your down payment.

Some cons are:

• You'll have higher monthly payments:  Financing a car is initially more expensive than leasing it and often involves a down payment, so you'll have fewer options within your budget.
• You'll cover the vehicle's depreciation: As mentioned above, vehicles depreciate significantly in their first few years on the road. That means you'll be covering those first depreciation costs when you buy a new car.

Begin Your Vehicle Ownership Journey at Sterling CDJR South

If you're interested in buying or leasing a vehicle and want financial guidance, let our experts at Sterling CDJR South help you. With our expertise and local connections, we can find the best possible deal for your financial situation and credit score and advise you on choosing the best option. Contact us today and allow us to help you finance your dream car.