Chrysler Car Financing Explained and Compared

Chrysler car financing can be a bit overwhelming, especially with all the options available. You can finance a Chrysler vehicle through dealerships, banks, or online lenders.

Chrysler offers several financing options, including lease financing, which allows you to drive a new Chrysler vehicle for a set period of time. Leases typically last between 24 and 48 months.

Financing through dealerships can provide some benefits, such as a more streamlined process and the ability to negotiate the price of the vehicle and the financing terms at the same time.

If this caught your attention, see: Loans for Car Dealerships

You might be surprised to know that taking the first auto loan that comes your way can lead to an expensive mistake.

Don't rush into a loan without learning about your Chrysler finance options.

The key is to find the loan with the lowest rate, which can save you thousands of dollars over the life of the loan.

By exploring your options, you can avoid driving toward financial trouble.

Don't take the first auto loan that comes your way, it might be an expensive mistake.

You have two main types of financing options for a Chrysler car: direct lending and dealership financing.

Not all financing is created equal, so it's worth exploring both options to see which one works better for you.

Taking the time to learn about your Chrysler finance options can help you find the loan with the lowest rate.

Direct lending may be a better option for some, while dealership financing might suit others.

Related reading: How Does Financing Work at a Car Dealership

Dealership financing offers a wide variety of deals to choose from, allowing you to find the best option for your Chrysler vehicle.

You can work with the dealership to determine what deal is best for you, and they can even help you find extended and comprehensive warranty programs.

Dealerships can secure competitive rates from manufacturers and local banks, making it a potentially cost-effective option.

However, in-house financing through the dealership can come with exorbitant interest rates and fees, making it essential to carefully consider your options.

Some dealerships specialize in older vehicles, which may lead to an upside-down car loan if you don't carefully review the terms.

A fresh viewpoint: Refinance Car Loans Rates

When financing a new Chrysler, it's essential to understand the warranty and protection options available. Stellantis, Chrysler's parent company, offers a Mopar-backed, five-year, 60,000-mile limited powertrain warranty on most new Chryslers. Extended warranties can also be purchased at an additional cost.

You'll have roadside assistance for five years or 60,000 miles, which includes 24/7 towing and help with lockouts, flat tires, and gas delivery.

Worth a look: Financing a New Car

You can get an auto loan from a bank or credit union, and both options have their advantages. Many banks offer a relationship discount for both banking and borrowing, such as a 0.25% APR discount on a PNC Bank auto loan if you sign up for autopay with your PNC checking account.

Banks often have competitive APRs, but credit unions tend to have even lower rates, capped at 18% by federal law. Credit unions like PenFed also offer a car-buying service for their members, which can provide discounted rates and bonus cash.

Expand your knowledge: Different Types of Auto Loans

If you're considering a bank or credit union auto loan, be aware that APRs can vary, and it's essential to shop around to find the best deal. You can use online tools or consult with a financial advisor to determine the best option for your needs.

Here's a comparison of estimated average monthly Chrysler payments for new and used vehicles, based on credit score:

Keep in mind that these estimates don't include other expenses like dealer fees or extended warranties, and actual payments may vary based on individual circumstances.

New car warranties are a crucial aspect of buying a new vehicle. Stellantis, Chrysler's parent company, offers a five-year, 60,000-mile limited powertrain warranty, backed by Mopar.

This warranty provides peace of mind for new car owners, covering repairs and replacements for major engine and transmission components. Extended warranties are also available for purchase.

Roadside assistance is another valuable benefit that comes with new Chryslers. You'll get 24/7 towing and help with lockouts, flat tires, and gas delivery for five years or 60,000 miles.