Do you need an affordable rate on a car loan or FIAT lease? The Bergstrom FIAT of Milwaukee Finance Center can help you obtain that car loan in Milwaukee and get you into the new FIAT or used car you've been looking at. We can cater a program to your needs!
To get going, fill out our financing application to the left and our financial experts will review your information. While our experts are at work, come down to our FIAT dealership at 11330 W Metro Blvd, or continue browsing our online inventory of new and used FIAT cars. If you have questions about the financing process you can use our contact form or call us.
11330 W Metro Auto MallMilwaukee, WI 53224
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.