The Finance Department at Cole Motor Company of Three Rivers is here to help get you a great deal on a car loan or lease in the Three Rivers, Constantine, White Pigeon and Kalamazoo, MI area.
The Cole Motor Company auto finance team is ready to create the auto loan or lease plan that works best for you. Save money, time and frustration by working with the finance, loan, and lease specialists at our Three Rivers area auto dealership.
Cole Motor Company's finance experts work with various financial institutions to get you a great deal on a car loan or lease for a Chrysler, Cadillac, Dodge, GMC, Jeep, or Pontiac in Three Rivers. Our Michigan car dealership is here to make purchasing a new or used car a simple and pleasurable experience. Be sure to view our current finance specials to save even more at Cole Motor Company! Use our online finance application to apply for financing right now.
We can help students with no credit history, or those who have hit a rough spot and now have credit problems. We can customize a car loan program to your needs. Call us at 888-611-2814, or visit us in person by coming to 1201 W. Michigan Ave..
1201 W. Michigan Ave.
Three Rivers, MI 49093pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.