Heritage Chrysler Limited finance team is here to help you through the entire process of attaining your customized auto loan or lease in Lacombe. From beginning to end, our experts will be able to provide you with a great low rate on your new or used car loan in the Lacombe area.
If you are in the market for a new 2012 - 2013 Chrysler, Dodge, Jeep, or Ram, or a used car, come visit us at Heritage Chrysler Limited located at 4450 Highway 12E, Lacombe, Alberta. We'll help you get the vehicle you want, at an affordable price with assistance through the entire financial process.
Why wait? Contact us or stop in today! Whatever your automotive financing needs may be, we will work hard to satisfy them 100%.
4450 Highway 12 ELacombe, AB T4L1A4
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit kilometres from 12,000 to 15,000 kilometres annually. Beyond these figures, fees in the range of $0.10 to $0.25 per kilometer begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.