FAQs About Financing

Freehold Dodge Inc Answers Your Frequently Asked Financing Questions

When it comes to the world of auto finance, most of the folks who walk through our doors from their homes in the Tinton Falls, NJ area are not experts.  They need to rely on the finance team at the dealership to answer all of their questions.  At Freehold Dodge & Ram, located at South Street at Route 9 in Freehold, NJ, we pride ourselves in giving our customers the information they need, so they can make an informed choice on which car they drive home to Englishtown, NJ in.  Since many of the questions that we here are similar, our finance professionals have complied some of them, and their answers, so you can have a guide before you start shopping.

Frequently Asked Financing Questions

It doesn't matter whether you are coming to us from Marlboro Township or Howell, NJ, we want to give you an understanding of car financing when you arrive at our dealership.  Review these FAQs about financing to see if the information you need is covered.  If it isn't, you can always contact someone in our Dodge and RAM finance center.

Why is Financing a Good Option?

Financing is a good option because it allows you to take the total cost of the vehicle and break it down into smaller, more manageable chunks.  Whether you are planning to drive your new Dodge or RAM vehicle to your home in Jackson, NJ after getting an auto loan, or you are thinking of going with a lease agreement, you can make things much easier on your budget with a form of auto financing.

What if I Don't Have Good Credit?

One of the biggest causes of anxiety for many customers is that their credit situation is going to result in them not being able to get into a new car, truck, or SUV.  Over the years, the finance team at Freehold Dodge & Ram has worked with many folks in the Lakewood, NJ area with bad credit.  We have the experienced finance professionals who will work with a vast array of lending partners to try and get you approved for a car loan or lease that works for your current situation.  Also, our guaranteed financing program ensures that we can find you auto financing.

What Would My Monthly Payment Be Like?

There are a lot of factors that go into determining your monthly payment.  The interest rate of your auto loan, or money factor of your lease agreement, as well as the loan term have a lot to say about your monthly payment.  In general, for every $1,000 you finance, it adds $20 to your monthly payment.  For example, if you completely financed a $10,000 vehicle, you could expect a monthly car payment of $200.

How Do Interest Rates Work?

Interest rates reflect the risk that a financial institution is taking when they lend you money.  Much of your interest rate is determined by your credit score.  If you have a lower credit score, you can expect to have a higher interest rate than someone whose score is much higher.  Paying back a car loan or lease can increase your credit score, so you can have a lower interest rate the next time you buy a vehicle.

Do You Have Any No Money Down Auto Financing Options?

Many of our new Dodge and RAM specials feature lease agreements with very little money down.  In some cases, you are not required to put any money down.  That being said, your credit approval will determine how much money you are required to put down when you buy or lease a new vehicle.  The more money you put down on a vehicle, the lower your monthly payment will be.

Contact Our Finance Center

The finance center at Freehold Dodge & Ram is happy to be here as a resource for everything you want to know about car financing.  Apply for credit with our finance team, or contact us, to find out what kind of options we have available to you.


Freehold Dodge Inc

South Street At Rt9
Directions Freehold, NJ 07728

  • Sales: 7327021042
  • Service: (732) 702-0259
  • Parts: (732) 702-0545

What Other Questions Can We Help Answer?

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