Ron Craft Cadillac
4114 Highway 10 EastBaytown,TX77521Sales: 800-465-6011
- Parts & Service: 877-472-7238
Financing
For New or Used Car Loan Questions Call: 281-421-3800. Get a Free Houston Car Loan Quote- Good and Bad Credit Accepted! Ron Craft Chevrolet Cadillac helps people with all credit situations. Most people need a car loan to finance their new car or used car purchase. The finance experts at Ron Craft Chevrolet Cadillac help people with all types of special finance needs drive their dream car home. Regardless of where you are in the car buying process, request a free, secure auto loan quote. Ron Craft Chevrolet Cadillac works with only trusted lenders to bring you low rates and flexible terms. Use this easy guaranteed secure auto loan application and get started with buying a car today!
Lease vs. Buy
Whether you lease or buy a new car, you must know which fits your situation best. When you buy a car, you pay for the whole vehicle. You will usually make a down payment, pay the sales taxes in cash or roll these taxes into your auto loan and pay an interest rate. You usually will make your first payment a month after you sign your contract. This option is great if you like to keep your cars for a long period of time and have a need to put unlimited miles on the vehicle.
When you lease, you are paying only for what you use. You do not have to have money to put down, you typically only pay sales tax on your monthly payments, and are charged with a money factor that is similar to the interest rate on a loan. You make your first payment at the time you sign your contract.
Learn from our trained finance staff about financing your next vehicle.
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Financing Navigation
Contact Information
- Ron Craft Cadillac
-
4114 Highway 10 East
Baytown, TX 77521 -
- workSales:
- 800-465-6011
- serviceService:
- 877-472-7238
- partsParts:
- 877-472-7238
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
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.
Tip!
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.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile 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.