Administrative Paperwork and Financing office

What's the best way to pay for your next car? Our experts have answers

Shopping for a new car at Stinnett Chrysler Dodge Jeep Ram can be fun, but the fun doesn't have to turn into drudgery when it's time to pay for that car. The experts in our finance center here in Newport, TN can help you explore your financing choices by explaining the options in simple, understandable terms. In fact, when you drive in from Sevierville or Pigeon Forge, TN to talk, they can make getting a loan or a lease something very close to easy.

Option #1: Paying cash

Obviously there aren't a lot of people around Morristown, Greeneville or anywhere else in Tennessee who have thousands of dollars sitting around, just waiting for a big purchase like a new or used car, truck or SUV. But if you have that much cash in an easily accessible place like a bank account, a cash purchase can make a lot sense. Here's why.

Just ask yourself: How much interest are you getting on your cash? If it's in a basic savings or money market account, you're probably earning less than 1%. So fill out our online financing application to see how much you can get financed for, and then ask one of our financing experts what you'd pay in interest for a car loan. If it's more than 1%, and it almost certainly is, then paying cash for your car might be the best use of your money.

Option #2: Getting a car loan

This is the route most people take, and there are some good reasons why. First, few people can pay cash for a car. Second, by getting a car loan, you're building "equity" - or an ownership share - in the car you're buying. That means every time you make a loan payment, you're building real cash value that you can someday use to help buy your next car. That's not true with a lease, so a car loan can be a good financial move.

Another advantage of a car loan is that it helps you build your credit. By making your loan payments each month, you're gradually raising your credit score. Creditors will look favorably on a history of making all your payments on time, so it will be easier to get a future car or home loan. If you decide on a loan, our financing specialists can tap into our local lending network to help you get the best available car loan interest rate.

Option #3: Getting a lease

The big attraction with a lease for most people is that your monthly payments will probably be lower than what you'd pay every month with a car loan. Another big advantage is that at the end of your lease, usually after 36 months, you don't have the hassle of selling your car. You can just drop off your leased vehicle at Stinnett Chrysler Dodge Jeep Ram, sign up for a new lease and drive home with another new car.

For help financing your car, talk to us at Stinnett Chrysler Dodge Jeep Ram

Look over our new car inventory online to find a vehicle you like, then come in for a test drive. Before you come, discover the amazingly high value of your current car by completing our sell us your vehicle tool, because we're making record cash offers right now. Then use our financing calculator to see what your monthly loan payments might be. Above all, talk to our financing experts to help choose the best financing plan for you at Stinnett Chrysler Dodge Jeep Ram in Newport, TN.

Have questions? Complete this form and a dealer representative will contact you.

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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

Hours

  • 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