Administrative Paperwork and Financing office Should You Get A Loan Or Lease Your Next New Vehicle

After you have gone through the arduous task of finding your dream vehicle, you have to figure out how you are going to pay for it. There are many different payment options available to you, and our team at Stinnet Chrysler Dodge Jeep Ram wants to make sure you have all the information you need to make the best choice possible.

Financing Options


The first payment option you have is to pay in full with cash. This is the most uncommon method as it requires you to have a large sum of money just lying around. Most people would rather invest this money into something that will make them more money in the future. There are benefits to paying in full though. The overall purchase may cost you less in the long run as you don't have to worry about paying for interest. You also get the freedom of not having a monthly vehicle payment that many people find important.

Auto Loans

The most common option when paying for your next new vehicle is to take out a loan. One of the best places to get an automotive loan is at our finance center in Newport, TN. Our team of financial experts works with several lenders to get you the best interest rates and the best deal when purchasing your new Chrysler, Jeep, Dodge, or Ram vehicle.

Our team can also help you get a loan for a used car near Gatlinburg, TN. Sometimes our dealership has seasonal finance specials that will lower the overall purchase price of your car or they can get you a better interest rate to save you money over time.

Another great benefit of financing your purchase is that you will own your vehicle after you have made all of your payments. Loans typically have longer terms than leases do so you can decide if you want to have a lower monthly payment or if you want to get your vehicle paid off as soon as possible. Automotive loans are typically the best option if you don't want to use cash to pay for your car outright or if you want to keep your car for more than three to five years.


Leasing, on the other hand, is perfect if you like to upgrade your ride every few years. Lease payments and loan payments can be quite close on some vehicles, but sometimes our dealership will run specials that make leasing a much more appealing option. You typically need to provide a decent down payment when leasing a car but it is an excellent option if you plan on using your vehicle for work exclusively.

Leases are also more cost-effective if you plan on just doing driving around Sevierville. Most leases have limited numbers of miles you can drive, so if you want to take several trips across Pigeon Forge then a lease may not be the best option for you. With a lease, you get all the benefits of owning a vehicle while not being affected by some aspects of long term vehicle ownership. Your leased vehicle will almost always be under warranty, and you can even get a service plan set up for your lease that will save you money while you own it.

Learn More About Our Financing Options at Stinnett Chrysler Dodge Jeep Ram

Overall there is no best way to purchase a vehicle. Our team at Stinnett Chrysler Dodge Jeep Ram near Morristown, TN is ready to help you find the Chrysler, Jeep, Dodge, or Ram vehicle of your dreams. and then help you decide which purchasing option works best for your situation. We will work with you one on one to see how much you drive, how you plan on using the vehicle, and how long you plan on keeping the vehicle. All of these factors will help our team figure out which kind of financing to recommend for your unique lifestyle in Greeneville. When it comes down to it, our team wants to see you out on the roads of Jefferson City, TN in a vehicle you are proud to own. Be sure to check out our new vehicle specials before stopping by today!

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Stinnett Chrysler Dodge Jeep Ram

1041 West Hwy 25/70
Directions Newport, TN 37821-8049

  • Sales: 4232123508
  • Service: (844) 761-2988
  • Parts: (423) 415-1872


  • Monday 08:00AM - 06:30PM
  • Tuesday 08:00AM - 06:30PM
  • Wednesday 08:00AM - 06:30PM
  • Thursday 08:00AM - 06:30PM
  • Friday 08:00AM - 06:30PM
  • Saturday 08:00AM - 06:00PM
  • Sunday Closed