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
Auto Finance
At Chrysler Capital Blog: The Road Best Traveled, we endeavor to provide easy-to-understand auto finance information and advice.
How a co-applicant may help you get auto financing
Financing a vehicle is not a road you must travel alone. If you need help getting approved or would like to improve the terms offered, applying with a co-applicant may be your answer. Learn more about what it means to team up with another party and the potential benefits, below. What is a co-applicant? A co-applicant is someone who is typically part of an application … Read More
What is a lien on a car?
If you’re approved for financing to purchase a vehicle, then you’ll probably encounter the term “lien.” The chances you’ll know what it means may not be so great, however. A lien on a car is like a safeguard for the lender or other interested party. When you take out the financing, a lien is created, which is the lender’s legal right to possession of the … Read More
7 small changes that can recalibrate your auto financing
We’ve all been there. You enter the showroom at a dealership and there it is – your dream car. Just like that, you’re ready to sign on the dotted line. You get your keys and drive away. Then what? Insurance, registration, monthly payments – all the way less glamorous stuff about car ownership starts to surface. The good news is a few small changes before … Read More
How to trade in a car with negative equity
When you owe more than your vehicle is worth but still intend to trade in – and plenty of people do – then planning your next steps will help you to get the most out of the deal.* Learn how you can approach it, below. Rolling over your negative equity In this situation, it’s common for negative equity to be rolled into financing for the … Read More
What is a car title?
A car title is one of the most important documents you’ll sign when you purchase a vehicle. It establishes you as the vehicle’s legal owner and is often used for the vehicle to be registered and for ownership to be transferred. The title is issued by the state where you live. And while information included on the document can vary between states, you’ll generally see … Read More
How to find the best vehicle incentives
Shopping for a vehicle involves some big decisions, including how much you will spend. One factor you should take into account is vehicle incentives which can save eligible shoppers hundreds or thousands of dollars up front or over the course of their financing. Incentives come in different forms, have a range of eligibility criteria, may sometimes be combined, and change throughout the year, all of … Read More
How to achieve the goal of buying a car
What are your plans for the year ahead? As ideas are formed and goals set, you may picture yourself moving forward in a shiny new vehicle. An effective way of turning that vision into reality is to work out the steps you must take to get there. We’ve put together five key stages to make that process easier. 1. Understand your financial situation Review your … Read More
What happens when you trade in your vehicle?
You found the vehicle of your dreams and the dealership offered you what you believe is a fair amount for your trade. So, now what? If you own your trade-in vehicle outright (you’ve completed any loan or lease commitment that you may have had), it is important that you have your title with you when you go to the dealership. Then, you can sign it … Read More
How many years should you finance a new or used 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 new or used car for. Depending on multiple factors, such as credit score, some consumers may qualify for financing of 84 months – an eight-year term … Read More