Welcome to Jim Ellis Audi of Atlanta's auto finance center, where you can get all the information you need, and utilize tools, to help you determine your budget for a new or used car loan in Atlanta and get your questions answered. The financial professionals at Jim Ellis Audi of Atlanta can help anyone get a car loan, even with bad credit. We handle refinancing as well. We work with a large selection of lenders to meet every financial need, and we have veteran finance managers.>
You can apply online for a car loan with our finance application form. It's secure, and when we receive the application and look it over we'll contact you as soon as possible.
If you would like to contact a member of our auto finance team online you can use the form below. You can also call us at 888-225-4770, or stop by and see us at 5901 Peachtree Ind. Blvd., Atlanta, GA.
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.
