Get the best car loan for you!
fast, free online auto loan application
- Fast, convenient online financing.
- Competitive rates and terms.
New or Used Car Loans
Once you’ve found "the one" Fenton Motors finance professionals are available to work with you on your many options from loans to leases. A new car is a major purchase and Fenton Motors want that purchase to be a source of pride, not pain. Years of experience stand at the ready to assist you in making the purchasing process as comfortable and friendly as possible.
Whether you prefer to have one of our support professionals walk you through the financing process or utilize the tools provided through our website, such as our Online Application Form, it’s never been easier to drive off the lot in the vehicle of your choice and into your own driveway.
Buying vs. Leasing (A Brief Overview)
In making the decision on whether to buy or lease your new car, it is helpful to understand the primary differences between the two options. As follows is a brief overview for your consideration.
When you buy a car, you pay for the whole vehicle. You will usually make a down payment, pay the sales tax in cash or roll them into your auto loan and pay an interest rate on the balance of the loan. Generally, your first payment is due a month after you sign your contract. This option may fit those who plan to keep their car for a long period of time and have a need to put unlimited miles on the vehicle.
When you lease, you are paying for only what you use of the vehicle. You do not have to put money down and sales tax will be included as part of your monthly lease payment. Your lease payment is determined in part on a money factor that is similar to the interest rate on a loan. You make your first lease payment at the time you sign your contract.
We hope this is helpful to determine which option best fits your situation. Our trained finance staff is available to give you further information about leasing or financing your next vehicle.
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Contact one of the three major credit reporting agencies to get your credit report, including your credit score, by phone or via their website.