Philpott Ford
1400 U.S. Highway 69Nederland,TX77627Sales: 866-453-6059
- Service: 888-973-5338
- Parts: 888-973-5338
Financing
Good Credit? Bad Credit? No Problem! Let our finance department get you preapproved today!
Philpott Motors helps people with all credit situations. Most people need a car loan to finance their new car or used car purchase. The finance experts at Philpott Motors help people with all types of special finance needs drive their dream car home. Regardless of where you are in the car buying process, request a free, secure auto loan quote today.
Philpott Motors works
with only trusted lenders to bring you low rates and flexible terms. With over 20 lenders we are sure to have one
that will work for you! Use this easy
guaranteed secure auto loan application and get started with buying a car
today! Your financing information is encrypted in a
super-safe digital format and is never sent through E-Mail.
For New or Used Car Loan Questions contact us today at 866-453-6059!
At Philpott our finance department also offers other products during and after the purchase of your vehicle. One of our most popular products is a Vehicle Service Agreement - Also known as Extended Warranties. We have warranties up to 10 Years / 100,000 Miles. Make sure you ask about our 0% financing offer!
| Other Finance Department Products | ||
| Gap Insurance |
Prepaid Maintenance Contracts |
Disability Insurance |
| Alarm Systems |
Phantom Foot Prints |
Touch of Class |
For questions on any of our Finance products contact us today at 866-453-6059!
Whether you lease or buy a new car, you must know which fits your situation
best. When you buy a car, you pay for the whole vehicle. You will usually make
a down payment, pay the sales taxes in cash or roll these taxes into your auto
loan and pay an interest rate. You usually will make your first payment a month
after you sign your contract. This option is great if you like to keep your
cars for a long period of time and have a need to put unlimited miles on the
vehicle.
When you lease, you are paying only for what you use. You do not have to have
money to put down, typically you only pay sales tax on your monthly payments,
and are charged with a money factor that is similar to the interest rate on a
loan. You make your first payment at the time you sign your contract.
For questions about leasing vs purchasing contact us today at 866-453-6059.
We are ready to make your auto buying experience a stress free one. Our staff, online or onsite, is ready to help you!
Financing Navigation
Contact Information
- Philpott Ford
-
1400 U.S. Highway 69
Nederland, TX 77627 -
- workSales:
- 866-453-6059
- serviceService:
- 888-973-5338
- partsParts:
- 888-973-5338
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 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.