Discover the Best Payment Option For You in Eureka
Once you've found the vehicle you want, you've gone over its various features, and you've gone on a test drive, the next step is to figure out payment options. Our friendly team of financing experts will sit down with you, go over your various options, and provide you with a number of payment ideas that you can peruse and look over.
Our team can also work with you and customize a payment fit for any budget and credit situation. We want to provide you with the best vehicle possible, and we are more than willing to work with you in order to accomplish that.
Financing versus Leasing: Some Important Info
We have two umbrellas of payment options that our customers explore. While financing can sometimes be considered the default scenario, many people find leasing to be an excellent alternative, sometimes allowing for more flexibility and lower monthly payments.What's the Difference?
The main difference between financing and leasing lies in who owns the vehicle. Think of it as the difference between owning a house and renting an apartment.
When you buy a house, usually a loan is necessary to cover the cost of the house (after the down payment is made). When the loan is approved, you start to make payments on the loan. Assuming you don't sell the house, you will eventually have full ownership once the loan is paid off.
When you rent, you do not have to worry about a loan, nor do you own the property. Instead, you pay a monthly fee for a set amount of time for the privilege of living in the place.
The same basic concept applies to financing and leasing.
When you finance a vehicle, you are taking out an auto loan which you will pay off over the life of the loan. When you lease a vehicle, you are paying a monthly fee for the privilege of driving the car - no loan, but you also do not own the vehicle.
Choosing between these two options comes down to your personal taste, but both are comprehensive and flexible options for all of our customers.
We Would Love to Talk to You Further
Whether you're live in Eureka, or you're in one of the various areas we serve, including Arcata, McKinleyville, or Redding, the team at Lithia Chrysler Dodge Jeep Ram of Eureka is more than happy to help you in your search for a new or pre-owned car.
If you would like to learn more about the specifics of our payment options, or you would like to see our inventory, stop by our dealership in Eureka, CA, and we will help you with whatever you need.