Capitol Garage Inc
1520 West Main Street Willimantic, CT 06226Sales: (877) 852-7298
- Service: 860-423-4516
Financing
Welcome to Capitol Garage's Finance Department, your auto loan and car lease resource. We're eager to provide financing for your new car, or assist you in used car financing.
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. Capitol Garage has the most competitive financing available and is committed to finding you the perfect car loan company to suit your car finance needs.
Low interest car loans are also available for customers with existing loans. We can help you with anything from refinancing your car loan to adjusting the terms of the contract. You're just a step away from approved car financing!
Start the Finance Application process below
Financing Navigation
Contact Information
- Capitol Garage Inc
-
1520 West Main Street
Willimantic, CT 06226 -
- sales Sales:
- (877) 852-7298
- service Service:
- 860-423-4516
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
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.
Tip!
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.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
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.