Ourisman Wheaton Chevrolet
11180 Veirs Mill RoadWheaton,MD20902Sales: 888-698-3311
- Service: 888-696-8877
- Parts: 888-701-4499
Maryland Car Loans - Baltimore, Washington DC
Car Loans in Baltimore & Washington DC - Ourisman Wheaton Chevrolet
If you have not financed a vehicle before we are at your service. Ourisman Wheaton Chevrolet now provides customers with a useful finance information resource in our FAQ section about how to finance a new or used car in Baltimore the easy way!
The finance experts at Ourisman Wheaton Chevrolet work with a variety of financial institutions to get you the best deal on a Washington DC car loan or lease. When you work with our finance department you will get one of the best car loans on a used or new car in Washington DC area.
Ourisman Wheaton Chevrolet passes on additional savings to our customers with monthly finance specials.
Financing Navigation
Contact Information
- Ourisman Wheaton Chevrolet
-
11180 Veirs Mill Road
Wheaton, MD 20902 -
- workSales:
- 888-698-3311
- serviceService:
- 888-696-8877
- partsParts:
- 888-701-4499
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Tip!
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.