300X169Buying a new-to-you Chrysler can be an exciting time in your life. Whether you are purchasing your first car or upgrading to the latest offerings in the Chrysler line, the question of financing will often come up.

Financing options vary widely depending on many different factors. Due to this variety, there is usually an option to meet the needs of everyone.

Used Versus New

If you are considering the difference between a new and a used car as far as financing, you will likely find that you have more options if you choose to purchase a new vehicle. If you have a bank that you have an established relationship with, for example, they are likely to be a good place to start when it comes to the different options for financing. You can also look into the programs offered by your credit union if you belong to one. Working with the finance department at your local dealership like Crosstown Motors of NH will allow you to find the right interest rate.

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Advantages of Using your Bank or Credit Union

For those people who have an established relationship with either a bank or a credit union, attractive options that result in competitive interest rates and terms are often available. Depending on factors such as your credit score, income, and the age of the vehicle you are looking at, the actual options you are offered can vary. In general, credit unions offer better terms than other types of financial institutions.

It Doesn’t Need to be New

Just because the Chrysler vehicle you are considering purchasing is used doesn’t mean your options for financing are limited. Many banks and other financial institutions are willing to offer their clients attractive interest rates and terms to purchase vehicles that are within a few years old. This can often make your car buying dollars go further.

Other Financing Options

For people with less than stellar credit, or for those people who want to purchase a vehicle that is more than a few years old, it can often be difficult to obtain a bank loan. Many dealerships, however, offer several options to help people drive away in the car of their dreams. In some instances, a car dealership has a special arrangement with a certain financial institution that will enable people to obtain a vehicle loan. In other cases, the dealership itself might offer some type of in-house financing that allows people to get the car they want. These types of loans offer flexibility and a streamlined application process that make them an attractive option for many people.

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