The Next Generation of Auto Financing - A Hybrid Purchase And Lease Program
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This revolutionary new way of financing your
next vehicle is only available at
Joseph Auto Group.
Auto Financing
Auto Financing - Paying for a vehicle over a period of time
Auto Financing was designed to allow people to purchase a vehicle over a period of time by making monthly payments. The total financing loan includes interest for the financing. This helped spur sales by allowing customers to finance their vehicle instead of saving for the entire purchase price.
The advantage to auto financing is that you own the auto when the financing is over. After your last payment of the financing terms is completed, you own the vehicle. Also, during the financing period, you own the vehicle (though the financing company usually has a right to it as well) and can sell or transfer the vehicle at your discretion.
By financing and purchasing the vehicle, each payment you make while financing builds equity in the vehicle.
The disadvantage to auto financing is you have a responsibility for the vehicle. If you wish to trade the vehicle in, with financing and ownership, you take the risk of losing money on the value of the vehicle. With financing, there is not guaranteed value at anytime during the auto financing period. When your lease terminates, you return the vehicle. When leasing a vehicle, you are simply renting the vehicle without building equity.
Joseph Auto Group's Solution to Auto Financing: 36-And-Out!
With the uncertainty of value when owning a vehicle, customer's who would prefer to update their vehicles frequently could benefit from Joseph Auto Group's new 36-and-Out program. With this program, at 36 months, you have the option to return your financed vehicle for a pre-determined valued or keeping the vehicle with no increase in payments at the of your auto financing terms.
This program allows you the option at 36 months to trade your vehicle in, or continue with the current auto financing payments. This choice makes this program the best of both auto financing and auto leasing!