Financing with Algoma Chrysler

We take the stress out of Auto Financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.

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We Make it Easy!

Competitive Rates

No Hassle Credit Checks

Flexible Payments

More About Algoma Chrysler

Should You Lease Your New Vehicle?

Leasing is a Terrific Option for buyers who prefer to drive a new vehicle and want to keep their payments low. Once your lease term is finished, you have three options: upgrade to a newer model, buy it outright, or simply return it and go.

Benefits of Financing

Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall expenses as you increase the value of your car.

Flexible Credit Options

We have the ability to help you get into the new or used vehicle you've been dreaming of. We go above and above to provide you with solutions that fit your lifestyle with monthly promotions, factory deals, and affordable pricing.

Frequently Asked Questions

Is Buying or Leasing a Vehicle better?

The amount of your monthly budget and how you intend to use your vehicle will influence this crucial decision. Generally speaking, leasing has lower monthly payments than traditional loans, but there are limitations on customization and mileage. On the other hand, a loan may be associated with a higher payment but you will be able to accumulate equity and spend less money overall.

How long is an average Vehicle loan?

Collectively, we will develop a deal that suits your budget range. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.

I've had credit issues in the past. Can I get financing?

We've helped countless customers with various types of credit to find a financing option best suited to them.

Can I finance a vehicle without a down payment?

We generally offer financing options without the need for a down payment. If it's more convenient for you, we can also include taxes, registration, and fees in the financing arrangement.

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