Month: June 2023

How long should you finance a car?

Deciding which car model or make you should buy may not be the biggest decision you face when you step foot into a dealership. Instead, the bigger question at hand may be just how long you should finance a vehicle. Depending on multiple factors, such as credit score, some consumers may qualify for financing of 84 months – an eight-year term – or more. The … Read More

How a simple interest auto loan works

Principal and interest bar chart next to a payment calendar

At Chrysler Capital, we like to make life simple and when you purchase a vehicle, it comes with a simple interest loan. Understanding how simple interest works can help you to stay on course with your payments, and even save, so watch this short video and read on to discover how.   Principal and interest Two important parts of a simple interest loan are principal … Read More