Chrysler Dodge Jeep Ram Finance Center

We want to welcome all potential customers to the Bettenhausen Chrysler Dodge Jeep Ram (CDJR) finance center. We cover drivers in Tinley Park, Orland Park, and beyond with competitive car financing rates and options to suit their needs, whether they’re looking for a new or used car. We have a strong team of experts who can guide customers through every step of the financing process, helping them secure a loan or lease to drive away in their dream vehicle. For peace of mind when making an informed decision on vehicle purchasing, we offer a quick summary of our financing processes.

Should Customers Lease or Finance a Car?

While many customers may choose to finance their vehicle purchase, leasing can be a good option for those who enjoy regularly driving new and different cars. Clients who lease an automobile with us can rent their chosen vehicle until the agreement expires. When a customer leases a vehicle, they’re not paying off the loan for a car; they’re paying back its estimated depreciation during the term.

When our clients reach the end of their agreement, they can pay off the rest of the estimated value and own the car, return it to us, or lease a new vehicle of their choice. Leasing a car also means our clients could pay lower monthly installments, which may be the best choice for those on a budget.

New Car Financing

If a client chooses to finance a new car, a few factors must be considered, such as their credit score, the auto loan period, and the monthly payments. At Bettenhausen CDJR, we advise customers to take the following steps.

Filling Out Our Finance Application Form

When customers find the car of their dreams, they can start the payment process by completing our online finance application form. All they need to do is provide us with details such as their contact number, employment and income information, and the type of vehicle they wish to purchase. This form can help us better understand a customer’s financial situation and arrive at the repayment option that best suits them.

Using Our Payment Calculator

To plan their financing arrangements after purchasing a car, clients can use our payment calculator to estimate how much they’ll need monthly for their loan. The auto calculator is pretty straightforward — customizing the price, down payment, interest rate, and term for the potential loan is easy, and the system estimates the required monthly installments in minutes. Whether a customer is looking to secure a low monthly car finance arrangement or explore other options we offer, the payment calculator is a great way to get an idea of where to start planning.

Checking Their Credit Score

Credit score plays a huge role in what drivers may encounter when financing a car. A higher score can help secure better interest rates and loan terms. Drivers needn’t worry about their credit score; our finance experts can advise them on it and design the right repayment package for their budget and needs. The typical interest rate is usually between 3% and 4%, but a customer’s credit score can affect it.

Finding a Trade-In Value

If a customer already owns a car and wants to exchange it and receive a good deal on a new one, they can find their old vehicle’s trade-in value on our website. The process is straightforward: customers only need to enter their car’s make and model, vehicle identification number, and license plate. This will give us enough information to provide a ballpark value of the customer’s current vehicle should they decide to trade it in with us.

Used Car Financing

Buying a used car can involve the same steps as purchasing a new one. Indeed, there are factors customers may still need to consider when purchasing a used vehicle, such as the maximum period they can maintain monthly repayments or their ability to trade in a financed car to buy another.

The average auto loan term of a pre-owned vehicle is usually around 60 to 72 months, with the car’s price being the main factor determining the length of the payback period. The length of a customer’s auto loan also depends on how much they can afford each month, so it’s essential for them to use our payment calculator to determine their budget for a used car. They can consider two types of loans when financing a used car: short term and long term.

Short-Term Loan

With a short-term loan, customers make higher monthly payments to settle quickly. This approach often allows a lower interest rate, resulting in overall savings. Customers can refinance their auto loan later should the interest rate drop. However, the downside of a short-term loan is the high monthly payments.

Long-Term Loan

A long-term loan suits customers on a tighter budget because it allows them to pay back less each month. The downside here is the likelihood of higher interest rates. There’s also a higher risk of vehicle depreciation due to the increased wear and tear the car will face during the longer payback period.

Contact Us To Find Out How To Finance Your Next Car

Whenever you’re ready to purchase or loan your next vehicle, visit our finance center at Bettenhausen CDJR in Tinley Park, Illinois. Our experts can guide you through the often tricky financing process. We have committed ourselves to providing exceptional customer service and helping you find the best financing solution for your needs. Contact us today to make an appointment and start the ball rolling toward financing, affording, and acquiring your dream car.

The Difference Between Leasing and Financing

Are you trying to decide between financing and leasing in Tinley Park? You are not alone. Both options certainly have their merits, but one may be better suited to your driving needs and budget in Mokena.

Financing is usually better suited for drivers who prefer to stick with a new vehicle for an extended period and don’t plan on upgrading for a while. Depending on your credit, CDJR auto finance usually requires a down payment, with higher monthly payments than a car lease. The upside to this is the fact that when your auto finance period is over (60 months, 72 months, etc.), you’re the proud new owner of a Chrysler, Jeep, Dodge, or RAM model. 

Leasing in Tinley Park allows you to essentially rent a vehicle for a period of time until the lease has expired. When you lease a vehicle, the payments don’t go toward loan repayment. Instead, you’re paying back what the estimated depreciation on the vehicle would be during those terms. At the end of the lease, you can either pay off the remainder of the estimated value and purchase the car, lease a new vehicle, or simply return the vehicle to us. 

How Is Your Credit?

Whether it is perfect or not so great, we can custom design the right financing package for your next vehicle purchase.