The strength of the Jim Ellis dealerships means we can offer some of the best and most competitive financing options, car loans and leases, to our Georgia customers. Using multiple financial institutions allows us to create individualized loans, with the best possible rate for your situation. If you have credit issues, we can still get you financing.
Our Finance Center also offers various helpful tools. The payment calculator will generate both an estimated monthly payment, and display vehicles from our inventory that fit the payment, based on the values you set for down payment/trade-in, Annual Percentage Rate, and purchase price.
If you've got it all figured out, and wish to begin the process by applying for your auto loan online, you can do so with our secure loan application form.
Don't count out a car loan from Jim Ellis Chevrolet Atlanta just because of a bad credit score. Come visit us at 5785 Peachtree Ind. Blvd, Atlanta, GA or used the contact form below. You can also call Finance Manager John Peppas at 770-234-8137 or Finance Manager Johnny Farrar at 770-234-8145.
Check out our online finance FAQ section for important information regarding car lease and loan characteristics.
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Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
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Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
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Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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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.
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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.
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Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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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.
