When you choose to finance your Ram vehicle at Mitchell Chrysler Dodge Jeep Ram, you'll find a wide range of auto financing solutions. Our Canton, Connecticut finance department offers generous vehicle incentives like low APR financing or zero down payment offers in order to make it more financially feasible for our customers to drive the truck they want. These affordable solutions combined with our everyday low prices and hassle-free environment make for a seamless financing experience. We offer flexible solutions for all types of Ram financing, even for those with less-than-perfect credit scores. Get in touch with our dealership to learn more about Ram financing today! 

 
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Finance Department

The Basic Components of an Auto Loan from Mitchell Chrysler Dodge Jeep Ram

Down Payment: This is how much cash you pay upfront for your car and is calculated as a percentage of the overall price of the car. Generally, the higher the down payment, the lower your monthly payments will be.

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Interest Rate: Also known as the A.P.R. (Annual Percentage Rate), the interest rate is the money you pay a lender to borrow their money. Your credit score, the current market rate, the loan term, and the size of your loan impact your interest rate. The lower the interest rate, the lower your monthly payment.

Loan Term: This is how frequently and long you will be paying your loan. Typical loan terms consist of monthly payments made for 3-5 years. The longer your loan terms, the lower your monthly payment will be.