If you're looking for a Ram 1500, Jeep Grand Cherokee, Dodge Caravan or a Chrysler minivan or sedan, we can help you finance it at Thayer Chrysler Dodge Jeep Ram in Bowling Green, OH. Whether you want a brand new model or something pre-owned and extra-affordable, our finance experts can help you get it paid for. We make the financing process as streamlined, transparent and as easy as possible.
We'll help you finance a vehicle that looks great even when it's standing still
We Make it Easy!
We can clear away the fog from the financing process
When you think about getting a loan or a lease for your next truck, SUV, minivan or sedan, the whole thing might seem mysterious, complicated, or both. But it's not complicated for our Toledo and Perrysburg, OH customers at Thayer Chrysler Dodge Jeep Ram in Bowling Green, OH. Our financing experts are knowledgeable and highly skilled in explaining the pros and cons of a loan vs. a lease. We believe in straight talk and simple language.
What exactly is a car loan and how does it work?
As you probably know, a car loan is simply borrowing the money from a lender - like a bank or a finance company - to pay for your vehicle and then paying the lender back with monthly installments. At the end of the loan, after you've made all your payments, you'll actually own that vehicle. Your credit score must be strong enough to qualify for a car loan and then you make a down payment of about 20% of the price of the car.
What's a car lease and how does it work?
Leasing a car is like renting. You pay for the right to drive a leased vehicle for a certain period of time - usually 36 months - and then return the car, truck or SUV to us at our dealership. The lease contract you sign will typically require you to drive no more than a certain number of miles per year or you will pay a charge at lease-end for excess miles. During the lease period, you don't own the vehicle and you aren't building a share in the ownership.
What are the advantages getting a car loan?
A car loan has many advantages and it's financially better for most people than a lease. As you make your monthly loan payments, you are gradually building a share of the ownership in that vehicle. That's called equity and it's real money that has your name on it. In fact, you can use that cash value to help pay for your next vehicle. With a loan, you can someday own the vehicle 100%. That's an opportunity you won't have with a lease.
What are the advantages of a lease?
The primary attraction of a lease is that you're paying less money up front and less money out of your pocket every month for your car payment. The initial lease payment, or amount due at signing, is usually less with a lease than the down payment you'd make with a car loan. In addition, monthly lease payments are virtually always lower than the payments you would make every month with a loan for the same vehicle.
The right financing can take you and your next vehicle a long way
We encourage encourage our customers in Napoleon and Findlay, OH to check out our new inventory and our used inventory to find the new or used vehicle you want. Fill out our secure financing application and get approved even before you visit. Make the easy half-hour drive on I-75 South from Toledo to Bowling Green and enjoy a test drive soon at Thayer Chrysler Dodge Jeep Ram in Bowling Green, OH.
Frequently Asked Questions
This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
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Thayer Chrysler Dodge Jeep Ram
1303 N Main St
Bowling Green, OH 43402-1312
- Sales: (419) 318-2428
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