Get the Auto Financing You Deserve at Neessen

Navigating the modern car dealership can be difficult. There are so many different financing options that it can quickly become confusing and overwhelming. Luckily, by becoming a more informed buyer, you can find yourself in exactly the right type of vehicle for your adventures in Kingsville. That is why we here at Neessen Chrysler Dodge Jeep Ram want to run you through some of the basics of various financing options and how to get the best possible deal on a vehicle from our new or used inventory in Corpus Christi and beyond.


Do I need to have good credit to finance or lease a vehicle?

Not necessarily. While good credit always helps make things easier, we have partnered specifically with lenders who specialize in helping people with less than perfect credit. Programs include 1st time buyer's and rebuilding/re-establishing credit. We understand that life happens, and we are committed to helping those in our local community with their transportation needs.

customer signing finance documents


What kind of down payment will I need?

The truth is it is not always required. Down payments always help your situation though, our recommendation being at least 10% of the price of the car you are buying (I.e. if you are buying a vehicle that is $30,000, a down payment of $3,000 is recommended). The benefits being to help lower payments, it helps when working with the banks and lenders to get the best terms, and helps to lower to total amount your are financing so you can pay off or trade in sooner.

Questions?

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What should I bring with me?

It would be wise to bring with you any stipulations which the lenders may request. These include but are not limited to proof of income (E.g. typically your 3 most recent paystubs showing year to date calculations, SSI award letters, 3 months bank statements, previous year W2), proof of residency (E.g. any utility bill with your name and physical address), references with names addresses and phone numbers, drivers license or photo identification, and proof of insurance card. Some special circumstances may require additional documents E.g. proof of loss in the case of a previous total loss vehicle.

Can't I just use my own credit union or bank financing?

Of course you can. Depending on who that may be, we are actually partnered with most local, regional, and national banks who lend in the coastal bend area, and have often found that we are able to offer a simple and easy "one stop shop" for our clients. Not to mention that allowing lenders to compete for your business is often the best way to get the best deal.

Is it better to buy or lease my next vehicle?

That is a great question to ask! That is going to be different for each individual person. We can give you advantages for both though. Buying is perfect for the person who wants to own the vehicle long term. If you are wanting to upfit your new ride with a lift kit or additional accessories, it may be best for you to buy also. By buying, or financing, you don't have to worry about any penalties being imposed on you for excess wear and tear or mileage limitations. On the other hand, if you are the type that likes to switch vehicles every 2-4 years, leasing may make more sense and should be considered. With leasing you are only paying for what you will be using during your the time you have the vehicle. Also lease payments are often times lower than traditional financing and you still have the opportunity at the end to purchase the vehicle if you wish.

Do you offer financing for the business I own or work for?

Absolutely. We have a number of lenders that offer financing for companies. Options include business only, business with a co-applicant, and business with a guarantor. Based upon the credit worthiness of the company and you, we can help you explore what works and what makes the most sense for you and your companies needs. Be sure to ask us about leasing opportunities and tax advantages for commercial vehicles as well.

 

Pros and Cons of Leasing

Leasing is a great way to get a new vehicle every few years because you sign a lease agreement that states you will return the car once the term is up. Typically, leases are best for Robstown drivers who do not put many miles on their car. This is because there are typically mileage restrictions. Most leases have a limit of 10,000 miles per year. The downside to leasing a vehicle is that you will never truly own the car. You make monthly lease payments for the term of the lease and then return it once the term is complete.

Pros and Cons of Buying

Buying a car is certainly the most common financing option for drivers in the Harlingen area. The biggest benefit of buying is that once you pay off the car, you own it outright and no longer have to make monthly payments. The biggest downside to buying is that you are now responsible for paying for any maintenance and repairs that your car should require as you cruise through McAllen and elsewhere.

How You Can Receive a Better Interest Rate

When financing a car, you are often subject to an interest rate on the money you borrow to pay for the car. There are many steps you can take to improve this rate. First, the larger your down payment is, the lower your interest rate is. Additionally, car buyers can take steps to improve their credit scores. A credit score is often the single greatest factor in determining your interest rate. Credit scores are often improved by paying off existing debts and continuing to pay bills on time. Come to our dealership near Alice to learn more about auto financing solutions for your favorite model!

Contact

Neessen Chrysler Dodge Jeep Ram

2151 N US Highway 77 Byp
Directions Kingsville, TX 78363-3312

  • Sales: (361) 488-5211
  • Service: (361) 298-0196
  • Parts: (361) 596-0115

Hours

  • Monday 8:30am-7:00pm
  • Tuesday 8:30am-7:00pm
  • Wednesday 8:30am-7:00pm
  • Thursday 8:30am-7:00pm
  • Friday 8:30am-7:00pm
  • Saturday 9:00am-5:00pm
  • Sunday Closed