Shopping for a car may be exciting, but most people don’t exactly look forward to the financing or leasing portion of the experience. Hunt Chrysler Center understands this, so we work hard to keep Chrysler Capital financing requirements as simple and transparent as possible. Let’s look “under the hood” and see what you need to know.
A High Credit Score
Your credit score plays a vital role in your vehicle financing journey. The higher your credit score, the more reliable you are to lend money to, which is why drivers who have higher credit scores have access to more favorable financing terms and why you may want to take the time to raise your credit score before applying. Typically, Chrysler Capital financing requires a credit score of over 620 in order to qualify.
Income Verification
In addition to a higher credit score, you’ll also need to share proof of employment when applying for Chrysler Capital Financing. This helps to show the lender that you have the resources to pay back the loan over time, and the level of acceptable income will vary, depending on the size of the loan you are trying to take out.
A Down Payment
Like most financing programs, you’ll typically need to put down a down payment when financing a vehicle. This helps to reduce the overall cost of the loan and will save you time and money in the long term. The size of the down payment will vary, depending on the vehicle’s overall cost and the loan’s length; don’t forget that your trade-in can help here, too.
Begin the Chrysler Financing Process in Franklin, KY
No matter what your vehicle financing needs may be, Hunt Chrysler Center is the dealership you can rely on. Visit today to take home a car you love without breaking the bank and to learn more about your Chrysler Capital Financing options.
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