Navigating through the car-buying process is something that the Spirit Chrysler Dodge Jeep Ram lease and loan specialists do every day, so who better to ask your auto financing questions? To help them share their expertise, we’ve sat down with one of these auto financing experts to help demystify what it takes to get approved for credit. Whether you're wondering about current interest rates, available first-time buyer programs or how your credit score impacts buying a car, we've got your answers.
Ready to see what our experts have to say about Chrysler financing? Explore our FAQs below, then visit our Jeep dealer near Woolwich to enjoy a personal consultation with one of our team members.
Frequently Asked Questions About Auto Financing
01
What Are the Current Interest Rates for Auto Loans?
At Spirit Chrysler Dodge Jeep Ram, we offer competitive auto interest rates, with our lowest starting at 1.9%. The exact rate you receive can vary based on your credit score, vehicle age, loan term and other financial factors. Our expert finance team works with a variety of lenders to secure the best rate for an auto loan for your situation so you can feel like you’re truly sitting in the driver’s seat when choosing the right vehicle and payment option.
02
How Do I Know What Interest Rate I Qualify For?
The most accurate way to learn what interest rate you’re eligible for is to fill out a credit application and allow our team to work with our network of lenders and banks and find you the lowest APR we can. Once we establish an approved finance application, we can look into down payments, trade-ins and other influencing factors.
03
How Does My Credit Score Affect Auto Loan Approval?
Your credit score does affect whether you qualify for an auto loan, but not always in a predictable manner. While most lenders and banks are using credit scores to categorize approvals and interest rates, they also consider factors like loan term and vehicle age, as well as loan-to-value and debt-to-income ratios. When we’re assisting a customer with an auto loan approval, we look at many of those factors, and doing so ultimately helps our customers get the best results.
04
Can I Still Get Financing with a Lower Credit Score?
Don't be discouraged if you have a lower credit score! We work with customers with diverse credit backgrounds, including those with low scores as well as bankruptcy or repossession history. As we like to remind our customers, credit scores aren’t the only factor in determining your eligibility for financing -- in most cases, we can find a lending program to match your needs.
05
What Options Are Available for First-Time Car Buyers Without Credit History?
For first-time car buyers with no credit history, we offer specialized "first-time buyer" programs to help you secure a vehicle. Even if you’ve been told no before, give us a call and see what we can do to help you get approved for Chrysler financing. We'll treat you like family and give you the same respect and opportunity that you deserve.
06
Will Spirit Chrysler Dodge Jeep Ram Match Offers from Other Banks?
Absolutely! Bring us any competitive offer you've received, and we'll compare it against those available from our network of lenders to ensure you receive the best possible financing plan. Check with us in advance to see if we already work with your bank -- doing so can potentially save you time, work and money!
07
Why Choose Spirit Chrysler Dodge Jeep Ram for Your Auto Financing Needs?
Choosing Spirit Chrysler Dodge Jeep Ram for your auto financing needs goes beyond securing a great loan. Our after-sale programs are second to none, and we can tailor your vehicle coverage options for repairs, services or preventive maintenance programs -- the choice is yours. Additionally, our innovative DocuPAD system enhances your purchase experience, letting you learn about and select from service packages and protection options on a digital display.
08
How Can I Value My Trade?
We offer a convenient online trade-in calculator that lets you begin the valuation process right from home. Just fill out the required form, and we’ll get back to you right away with a value. Another way to value your trade would be to call our showroom, ask for the sales department and speak to one of our knowledgeable representatives.
Finance a Ram Near Me
Ready to drive away in your dream Jeep or Ram near Woolwich? Visit Spirit Chrysler Dodge Jeep Ram to explore our comprehensive financing options, get a trade-in value and enjoy a seamless purchasing experience. Our New Jersey auto finance experts are here to guide you every step of the way. Get started today!