When you meet with our RAM financing professionals to finalize your lease or loan, we’ll walk you through your terms and options. However, before you even pick out your next vehicle, there are a few common mistakes to avoid. Here’s some financing advice from the pros at Lester Glenn Chrysler Dodge Jeep® RAM.
Not Checking Your Credit Score Before You Finance
Your credit score will be a major factor in your RAM financing package. It could affect your down payment, monthly payment, and interest rate – and you don’t want to be caught off-guard. Check your credit score before picking out your next vehicle, and if necessary, take steps to boost it so you get the best lease or loan possible.
Misunderstanding the Differences Between a Lease and a Loan
Every driver will need to decide whether to lease or loan their pre-owned or new RAM vehicle. If you want to own it outright someday, purchasing with a loan is your best bet. However, if you want the option of trading it in for a brand-new model after a few years, go with a lease, which will allow you to drive a new vehicle during its most trouble-free years.
Looking Only at the Sticker Price
Regardless of whether you lease or buy, remember that your RAM financing package will include costs beyond just the sticker price. Here are a few expenses to keep in mind:
- Down payment
- Monthly payments
- Interest rate
- Fuel costs
- Insurance costs
- Sales tax
- State and local registration fees
You should also budget for routine maintenance expenses like oil changes, tire rotations, and brake inspections.
Get a Custom RAM Financing Package in Toms River, NJ
Our RAM financing center is filled with experts who will be your partners throughout the buying or leasing process. Come to our Toms River, NJ, RAM dealership today. We’ll set you up with a custom lease or loan package!
