If you’re in the market for one of the best-selling Chrysler, Dodge, or Jeep models cars - the first step is to find a Chrysler dealer near Milwaukee that can help! With Chrysler Capital at Ewald Automotive, you’ll be able to take home the model that you’ve had your eye on and enjoy a hassle-free financing process. Chrysler Capital makes it simple to qualify for a car loan that suits your needs by following just a few simple steps.
Is It Financially Smart to Finance a Car?
If the time is right to take home a new or used car, there are two ways to do so. You will need to either pay for the vehicle in cash up front or secure an auto loan to finance the car you want. However, most shoppers don’t have the cash on hand to buy a vehicle outright - so financing is the most common method of purchasing a vehicle.
Many drivers who are in the market for their next vehicle might wonder if financing a car will be a financially smart decision. The answer is yes - financing a car can be a great call for a number of reasons. Here are some of the most important benefits that financing with Chrysler Capital can bring.
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You Can Lock Down an Affordable Monthly Payment
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Financing with Chrysler Financial Requires Less Money Down Up Front
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Securing a Car Loan and Making Payments on Time Can Help Your Credit
What is Chrysler Capital
If you’ve been looking into buying a Chrysler vehicle, you may have heard of Chrysler Capital. But what exactly is this? Chrysler Capital is Chrysler’s in house financing division. They provide loan solutions for drivers seeking to buy or lease a new Chrysler, Dodge, or Jeep vehicle. With the help of Chrysler Capital, you’ll be able to obtain financing that matches your financial situation so that you can enjoy all of the features and benefits that these vehicles have to offer.
Who Does Chrysler Capital Use for Financing?
Chrysler Capital is an automotive financing program offered by FCA US LLC and Santander Consumer USA - a division of Banco Santander. This institution has been named “Best Bank in the World” by EuroMoney Magazine and has been recognized as a “Top 10 Safest Bank” by Global Finance Magazine. This means that you can feel confident that you’re in good hands when you pursue car loans in Milwaukee through Chrysler Capital.
What is a Well Qualified Buyer for Chrysler Capital?
To be considered a “well-qualified buyer” in the eyes of Chrysler Capital, you’ll need a Tier 1 credit score. Those with Tier 1 credit typically have a credit score of 720 or higher. This will usually qualify you for the most enticing Chrysler deals and incentives on offer. Of course, there are other factors that go into determining a well qualified buyer, including your debt-to-income ratio, the price of the vehicle compared to income, and the size of your down payment.
Does Chrysler Capital Have a Grace Period?
According to withclutch.com, the grace period offered by Chrysler Capital for late payment ranges for 7 to 15 days. Keep in mind that like most financers, Chrysler Capital will only notify credit bureaus once your payment is 30 days late. To protect your credit score and avoid late fees, it’s best to make your loan payments on time each month when possible.
What Credit Bureau Does Chrysler Capital Use?
When pulling your credit score for qualification, Chrysler Capital uses the three main US credit bureaus: Equifax, Experian, and TransUnion. This is done to to get the most accurate picture of your credit situation in order to qualify you for Chrysler deals and incentives. In addition to the initial pull, Chrysler Capital also reports to each of the three bureaus at the end of every month.
Does Chrysler Capital Offer Financing for 84 Months?
The longer the term of your loan, the lower your monthly payments will be. This is why many drivers seek 84 month auto loans to keep their monthly payments as affordable as possible. Are you wondering if you can secure an 84 month loan with Chrysler financing?
The answer is yes! When you finance with Chrysler Capital, you can obtain car loans in Milwaukee with terms up to 84 months. To learn more, get in touch with the financing team at our Chrysler dealer near Milwaukee.
