Whether you are looking at a Jeep® Cherokee or a RAM 1500, you need to first secure financing. While it may have been easy for you to decide on your favorite vehicle, sometimes the financing process isn’t as simple. We have a few tips to help.

Check Your Credit Score

Your credit score is a major factor in buying or leasing a new vehicle. Each loan includes an interest rate, which is the amount of your loan you pay directly to your financial institution, as a fee. It is in addition to the cost of your new car or SUV and is reflected as a percentage. The higher your credit score is, the lower your interest rate will be, which can result in a much lower vehicle cost.

Determine Your Budget

When looking at your finances, what do you feel comfortable with spending each month on your vehicle? Keep in mind, your vehicle is more than just your monthly payment. You also need to buy tags and pay for auto insurance. Don’t forget the cost of maintenance and fuel too.

Get Pre-Approved

The next step is making sure you are pre-approved for a vehicle. You can apply online for financing or apply with our Ridgefield auto finance center. Our team can help you determine how much you can afford and help you find the best lenders too.

When you’re looking for an auto dealer serving Danbury, CT, look no further than Pamby Motors Chrysler Dodge Jeep RAM at 665 Danbury Road in Ridgefield, CT. We don’t just have a surplus of beautiful cars to choose from, we have a team of financial experts committed to getting you into the model of your dreams.