We know that the world of automobile financing can sometimes be overwhelming. To help you out, here are a few common FAQs, answered:

What is more affordable: buying or leasing?

On a monthly basis, payments for leased vehicles are lower, but in the long-term, a driver will save more money by purchasing a vehicle, making it the cheaper option - if possible.

How I can find out my credit score?

You are entitled to a free copy of your credit score once a year from three different credit agencies, which can be found at www.annualcreditreport.com.

How much should I put down for a down payment?

Traditional wisdom suggests 10-20 percent of the vehicle's sale price, though this certainly differs from driver to driver.

What will I need to bring to apply for an auto loan?

Generally, you will need to provide proof of income and residence; reliable, personal references; proof of car insurance; and lastly, your driver's license.

For more information, or to meet with someone in our finance department, contact us or visit us anytime at Rochester Hills Chrysler Dodge Jeep Ram.