Sales: (905) 388 - 5502
Apply for credit on-line through our fully secure credit application to get pre-approved.
Johnston Chrysler Dodge Jeep has the sales professionals, with 40 years of combined experience, to help you get the right vehicle with the right financing package. Whether you need car financing or car leasing, our full service Finance Department deals with several financial institutions to help you get the best credit package that meets your needs.
Do you want to get a fast, easy credit decision? Whether you choose to lease or purchase a vehicle, with our Pre-Approval Credit Centre your credit application is short and simple. Apply for credit through our on-line credit application to get pre-approved. You can also call us at (905) 388-5502 or come visit us at Johnston Chrysler Dodge Jeep.
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Financing Navigation
Contact Information
- Johnston Motor Sales Co. Limited
-
1350 Upper James Street
Hamilton, ON L9C3B4 -
- sales Sales:
- (905) 388 - 5502
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
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.
Tip!
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.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
Lease agreements usually limit kilometres from 12,000 to 15,000 kilometres annually. Beyond these figures, fees in the range of $0.10 to $0.25 per kilometer 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.