Essential Financing Terms at Ourisman Chrysler Dodge Jeep® RAM of Bowie

 

Our finance team over at Ourisman Chrysler Dodge Jeep® RAM of Bowie understand just how confusing and stressful financing a car can be. That's why, at our dealership near Crofton, MD, we help guide you through each step of financing a Jeep, Chrysler, Dodge, or RAM vehicle. We will do what we can to work with your budget, get you approved for credit, and set you up with a low interest rate. We offer a low-stress experience to get you behind the wheel of a new Chrysler you will love. To help you feel more confident, we've compiled a list of definitions of common finance terms.

Finance: The act of borrowing money from a financial institution, usually a credit union or a bank, to help you pay for a car. You then pay back the institution by making monthly payments that include fees, until the car is paid off.

APR: This stands for "annual percentage rate" and shows up as a number that represents the percentage in fees you are paying out of the amount of money you pay towards the car price each year.

Lease: A financing option that allows you to drive a new car from a dealership, while only paying for the depreciation of the car over a measured lease term, rather than paying for the full price of the vehicle. This usually lasts one to three years and comes with some restrictions.

Down Payment: The amount of money due when you purchase a vehicle that is separate from the money you finance.

Financing at our Bowie dealership is a great way to make your buying process smooth and easy. Our expert finance staff will work with you to make sure you drive off our lot in the car you want while meeting your financial needs. We also have helpful online tools to help streamline the process for you. For example, the trade-in value estimator helps you determine your budget better by seeing how much money you can take off of your lease by trading in your current car.

You can expect an excellent customer service experience when you visit our Bowie, MD dealership located at 2406 Crain Highway. Whether you're hoping to buy or lease a new Chrysler vehicle or finance a pre-owned car, we can help you meet your financial needs


Hours

  • Monday 9:00am-9:00pm
  • Tuesday 9:00am-9:00pm
  • Wednesday 9:00am-9:00pm
  • Thursday 9:00am-9:00pm
  • Friday 9:00am-9:00pm
  • Saturday 9:00am-6:00pm
  • Sunday 12:00pm-5:00pm

Schedule Service

Ourisman Chrysler Dodge Jeep Ram of Bowie

2406 Crain Hwy.
Directions Bowie, MD 20716-3420

  • Sales: (844) 841-4695
  • Service: (844) 295-4742
  • Parts: (844) 298-0458
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