What Are The Steps to Financing a Jeep Wrangler
What Are The Steps to Financing a Jeep Wrangler
Enjoy the Latest Jeep Wrangler Specials at i.g. Burton Chrysler Dodge Jeep Ram of Smyna
All of your financing questions and concerns are taken care of right here at i.g. Burton Chrysler Dodge Jeep Ram of Smyrna! We make sure that our dealership, located off S Dupont Boulevard here in Smyrna, north of Dover, can provide you with the certainty and reliability that you want from a Jeep dealer. Nothing is more important to us than assisting customers in this journey, especially when it comes to the iconic Jeep Wrangler. This is the type of SUV that speaks for itself with beast mode level off-roading capabilities, a fun trim lineup to choose from, and added accessories you can include that make it that much more interesting to drive. Your question might be: What steps do I have to take to finance a Wrangler? Our answer to you would be: keep reading! This is your chance to feel confident when financing and know that our team will be able to help you out, step by step.
1. How important is my credit score when financing?
Your credit score plays a vital role in financing a Jeep Wrangler. That's because a credit score is what lenders are looking at when it comes to how reliable you are as someone who will pay back the loan over time. A lower rate, regardless of how this rate happened, suggests some added uncertainty that doesn't happen with credit scores in the 800s. This means we recommend not only looking up your credit score, but spending time looking at the factors to see how you may be able to improve your score, if necessary, before it's time to buy. You can choose one of the three credit bureaus below to get a free credit score, without having to pay anything!
- Equifax
- Experian
- TransUnion
2. Understand some of the lending basics before you begin shopping
At i.g. Burton Chrysler Dodge Jeep Ram of Smyrna, we want our customers to be as prepared and in-the-know as possible when shopping for a new car. That's why we believe so heavily that you should be aware of some key basics before you begin this process. Beyond just credit scores, there are other terms you're going to hear thrown around a lot.
- Loan term: One of the first terms we want you to know more about is the loan term. This just represents the number of months that you will have to pay back the loan you get for your Jeep Wrangler. Many loan terms last anywhere from 36 months to 72 months. Sometimes you can get them for longer; it all simply depends on what the lender is offering and what works best for you.
- Down payment: This one may seem obvious, too, but it's good to come in prepared, no matter what, in these discussions. Down payments are the amount of money you are putting toward the car immediately upon signing. Many people suggest that you put down 20% of a car's price, which is helpful when it comes to the overall amount you may need to borrow.
- Annual percentage rate: The annual percentage rate, otherwise known as APR colloquially, is the car loan interest rate. This is a great way to assess the different loans that you are being offered, especially when it comes to affordability and your own specific budget. Our finance team will be able to go over these numbers with you one-on-one to make sure you understand the differences.
- Monthly payment: Again, this is an obvious term, but still important in the grand scheme of financing. This is the amount of money you are going to pay toward your loan every single month. This includes both the principal and the interest.
3. i.g. Burton Chrysler Dodge Jeep Ram of Smyrna offers pre-approvals!
Are you interested in making getting a Jeep Wrangler from our dealership as easy and stress-free as possible? Then we highly recommend going through the pre-approval process that you can start online. By getting pre-approved for a loan, you have a better idea of what you can actually afford based on what lenders are willing to provide you with for loan options. This, in turn, is important when you begin the process of looking at vehicles and deciding which Wrangler trim or package makes the most sense for your specific needs. Simplify the process and get pre-approved for a loan today!
4. Determine the right Jeep Wrangler for your life
At i.g. Burton Chrysler Dodge Jeep Ram of Smyrna, we have an extensive number of new and used Jeep Wrangler models available for you to choose from. This gives you the benefit of sticking within a certain budget, finding a special edition that fits your personality the best, and really narrowing down what your passengers may be looking for, too. Now that you have your loan options in front of you, it's easier to see where your budget is at, so you can cut out the options that don't work for you. After that, you can consider off-roading features, safety tech, and even comfort levels that may be more prevalent in higher trims. Our sales team will be able to guide you, even if you decide to start by shopping online instead of in person. Once you've found the right one, remember to schedule a test drive!
5. Finalize your purchase and loan
You've found the perfect Jeep for your life, and you know the loan that you are going to go with. Now is the time that you meet with our finance team in person to go over all of the paperwork, discuss final terms, and finally, sign! You can discuss with us dealer fees, taxes, and anything else that you think is important as part of the negotiation. We want to make sure you drive away in your new Wrangler feeling confident and happy in your decision. We make financing a car easier than you could have ever anticipated.
Begin Your Jeep Wrangler Journey with i.g. Burton Chrysler Dodge Jeep Ram of Smyrna
We've told you about the key financing steps, so we think it's only right that you get started on this journey! We know that there is the Jeep Wrangler of your dreams waiting for you at i.g. Burton Chrysler Dodge Jeep Ram of Smyrna. We'll do whatever it takes to help you not only learn more about your credit score, but also get the right loan and the perfect Wrangler. For more questions about the Jeep Wrangler or the financing process, you can always use the contact form that is available to you below.
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