Auto Finance

At Chrysler Capital Blog: The Road Best Traveled, we endeavor to provide easy-to-understand auto finance information and advice.

Can you return a leased vehicle early?

A common myth of leasing is that, once you sign a contract, you are committed to the vehicle until the terms of the contract are completed. The truth is, you can turn in a leased vehicle early. You can also trade the vehicle, sometimes also called a lease-buyout and sale. Is it better to fulfill the terms of your lease contract? Yes. But sometimes circumstances … Read More

What is a disposition fee on a Lease Contract?

In a previous post on how auto leasing worked, one of our “Terms to Know” was Disposition Fee. It was defined as: “Charged by some lessors for the privilege of returning the vehicle and walking away; the cost is spelled out in the Lease Contract, so you will know upfront how much it will be.” Simply put, the disposition fee is charged by the lessor … Read More

Jeep® Wrangler, Dodge Charger earn Best Resale Value Awards – KBB.com

The 2019 Jeep® Wrangler and Dodge Charger earned Best Resale Value Awards from Kelley Blue Book (KBB.com). One of the most trusted vehicle valuation and information sources in the country, KBB.com honored vehicles expected to maintain the greatest proportion of their original list price after the first five years of ownership. Projections are made from the Kelley Blue Book® Official Residual Value Guide and determined … Read More

How does negotiating in auto leasing work?

  There’s a common misconception that the auto leasing process is not negotiable. While leasing can be significantly different from traditional financing, when it comes to negotiations, the two are quite similar in certain ways. For example, the price of the vehicle and your trade-in, if you have one, are frequently items you can negotiate. Trade-in value Let’s talk about your trade first. You need … Read More

How does auto leasing work?

An auto lease is where you pay for the use of a vehicle for a certain amount of time determined by your contract. Once the Lease Contract is completed, the vehicle is returned. But how does auto leasing work? If you’ve purchased a vehicle using traditional financing before, lease can be quite different. There are some terms to know and factors to consider when trying … Read More

Ram 3500 has the best resale value, according to J.D. Power

A class above the rest. That is what J.D. Power announced when it handed its Best Resale Value Award to the Ram 3500. According to J.D. Power, “244 vehicle models were evaluated using a sample of over 650,000 transactions with an average of 3,500 data points assessed on each vehicle. The award selection process utilizes used vehicle wholesale prices, which represent how much a dealer … Read More

A recipe for paying off your auto loan early

A good recipe always starts with two things – good ingredients and solid prep work. Don’t believe me? Ask a professional chef. The recipe for paying off your vehicle is not all that different. Let’s start with the ingredients. You will need: Your monthly payment amount Your monthly payment due date The funds to make your payment on or before the due date A payment … Read More

Cash down makes sense – dollars and cents

Every year about this time the Internet is flush with articles about how to best utilize your tax return. In an effort to provide you with new and different material on this subject, I came to the conclusion that you can read every article from every “expert” you can find on the subject. Go ahead. Read until your heart’s content. In the end, only you … Read More