The Auto Finance Department at Lake Shore Ford Mercury is here to help get you a great deal on a new or used car loan in the South Bend, Merrilville, Highland and Portage, Indiana, region.
The Lake Shore Ford Mercury financing team is ready to create the auto finance plan that works best for you. Save money, time and frustration by working with the car loan specialists at our Burns Harbor, IN, dealership.
The Lake Shore Ford Mercury finance experts work with various financial institutions to get you a great deal on an auto loan for your Ford or Mercury in Northwest Indiana. Our new and used car dealership is here to make purchasing an automobile a simple and pleasurable experience. Be sure to view our current auto finance specials to save even more at Lake Shore Ford Mercury!
We can help buyers with no credit history, or those who have hit a rough spot and now have credit problems. We can customize a car loan program to your needs. Call us at 219-787-8600, or visit us in person by coming to 244 Melton Road, Burns Harbor, IN 46304.
We're eager to provide financing for your new car, or we can assist in used car financing. Check out our online car loan calculator for an instant car loan rate. Then, proceed to our online finance application.
All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. Lake Shore Ford Mercury has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs.
Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing!
244 Melton Road
US 20 @ I-94, Exit 22A
Burns Harbor, IN 46304pause
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.