We Can Approve You When Other Dealers Can't
Search our inventory to find the vehicle you love. At Columbia Chrysler we have hundreds of models to choose from, including Jeep's award-winning lineup of cars, trucks, and SUVs.
Now that you've decided on a vehicle, we can get you pre-approved for it without having to bring you into a dealership. Get approved in your pj's!
Once you've been approved (Columbia Chrysler can finance your loan if the banks won't) we work with you to choose a payment that fits both your lifestyle and your budget.
At Columbia Chrysler, we work with more than a dozen lenders to make sure we can give you the most flexible financing and leasing options. We have many financing options available for first time car buyers.
Having a hard time getting approved for a car loan? Don't worry. Columbia Chrysler has solutions for nearly every credit situation. Our financing specialists can help you get back behind the wheel with affordable auto loans, even if banks turn you down.
If you have a car loan already, and you think you're paying too much, Columbia Chrysler's parent company, Go Auto, can buy out your loan and get you a better finance rate and lower payment.
What are your goals? We all have different priorities--in cars, life, and finances. When deciding on leasing vs. financing, what's right for one person can be totally wrong for another.
Generally, leasing offers lower monthly payments than financing, as well as the benefit of owning a new car every two or three years. However, financing offers its own set of advantages.
Luckily, we have a team of finance experts who are happy to help you find the best option for you. Call us at 604-273-8018 to book a free consultation.
To drive a new car every two or three years
Lower monthly payments
The latest safety features
A car always under warranty
Being limited to kilometre limits
Having no ownership equity
A stable, predictable lifestyle
An average number of miles to drive
No problem properly maintaining your car
If this sounds like you, then leasing may be the best option for your needs
To build up trade-in or resale value (equity)
Complete ownership of your car
To be payment-free after paying off your loan
The freedom to customize your car
To drive your car for a long time
Unexpected repair costs after warranty
Higher monthly payments
To drive more-than-average miles
Possible lifestyle changes in the near future
If you prefer to own your vehicle outright, and plan to own for the long-term, then financing will be your best option
For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.
The medium-term cost of leasing is about the same as the cost of financing, assuming the buyer sells or trades his or her vehicle at loan-end, and the leaser returns his or her vehicle at lease-end
Some comparisons sometimes show that financing can cost a little less than leasing due to fewer fees, lower total finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the loan. However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can be less than financing.
The long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps his vehicle after loan-end. If a buyer keeps his car after the loan has been paid off, and drives it for many more years, the cost is spread over a longer term. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period.
If long-term financial cost savings were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives, or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other more immediate objectives that are more important than long-term cost savings.
Here's some good news: there is no difference. It doesn't affect your insurance costs at all. Your insurance rate comes down to a number of factors, like your driving history, where you drive, how long you've driven for, and even the type of car you drive.
But while your rate will be affected by these things, it won't when it comes down to car leasing vs financing. However, your insurer and your financer/leaser do need to know about one another. When you finance or lease a vehicle, someone is holding the interest on that vehicle: a bank, a dealership, etc. Because of this, the name of the leasing company or the financier will need to appear on your insurance policy. This process is in place so that their investment is protected.
If your car is in an accident and is written off, the situation remains the same. Insurance will pay off the finance or leasing company first, and if the car is worth more than you owe, you will receive the remainder. In the opposite situation, where you owe more than your car is worth, something called "gap insurance" comes into play in order to cover those costs
When it comes to leasing vs financing in Canada, a bad credit score makes things more difficult in both situations. With a bad credit score, your loan is more likely to be denied and your interest rate is going to be higher. But here's the bright side: Go Auto gives you a substantially higher chance of getting approved for a loan with bad credit. Thanks to our success, our in-house finance team can finance your loan--with our own money--even if the banks turn you down.
That being said, getting an auto loan with bad credit is a lot easier than taking out a personal loan with bad credit. If you don't pay back an auto loan, the lender can take the car you purchased as collateral, then sell it to help recover some (or all) of their cost, thereby avoiding a loss. However, with bad credit, your rate and monthly payments will be higher than someone with a better credit history.
The snag with leasing vs financing in Canada occurs on the leasing side, where a poor credit score is more likely to hurt you. The idea of using the car as collateral doesn't apply with a lease. With a lease, you never owned the car. The dealership has owned it the whole time. Once you've broken your lease agreement (by not paying on time), they're simply left with a broken lease and a vehicle that isn't worth nearly as much as it was when you started leasing.
This is why a good credit history is very important while leasing, and why leasing usually means lower monthly payments and smaller down payment requirements. It's kind of like a reward for your good previous behaviour.
In terms of leasing vs financing in Canada with bad credit, go with financing. It will be a bit more expensive, but it's the safer bet in both the long and short term.
Are you new to Canada and British Columbia? Then Columbia Chrysler is the dealership you are looking for to help you get your new or used vehicle. It can be really daunting to get financing as a newcomer, but there is no need to worry, we will get you approved! We are proud to offer BC's best car buying experience! Columbia Chrysler caters to Richmond's domestic vehicle clientele as a new and used retailer for Dodge, Chrysler, Jeep, Ram and Fiat.
As a branch of the Go Auto Group, our industry-leading buying power allows us to offer you the most selection, the lowest prices, and the highest quality in the Richmond new and used car market. Visit our dealership to experience the commitment and care of our sales staff. At Columbia Chrysler, we are always happy to help!!
At Columbia Chrysler we work with dozens of lenders to help ensure everyone gets the vehicle they want. Our team will begin working as soon as your information is received. Your information is held in the strictest confidence and only used as required to get you the vehicle you want.
What are Documentation fees? A doc fee -- also called a document or documentation fee -- is a fee charged by car dealerships to process a vehicle's paperwork. Essentially, a doc fee covers the cost of all the dealership's back-office employees, from the people who handle the money to the employees who deal with the title and registration of the vehicle -- Columbia Chrysler does not impose this fee on our clients.
Don't Negotiate Fees! An Admin Fee is a cost that is passed onto the car buyer and it's meant to cover the cost of processing vehicle orders and preparing new and used vehicles for delivery--purchase or lease -- Columbia Chrysler does not impose this fee on our clients! Don't Negotiate Fees!
While other dealerships try to upsell you the most expensive vehicle possible, Columbia Chrysler is proud to bring you a fixed commission-based sales process for a stress-free experience at our dealership. All of our sales staff are paid the exact same rate, no matter what car is being sold. What does this mean for you? This is so we can focus on giving you the best solution possible instead of trying to sell you something that we know you don’t need. We’re letting you take the lead so our sales staff doesn’t have to. At Columbia Chrysler, you shouldn’t have to feel pressured into buying a vehicle—you should feel satisfied.
Every pre-owned vehicle receives a full mechanical and visual inspection performed by a Factory Certified Technician.
Unlike some dealerships, we don't charge you to learn about a vehicle's accident history. We're completely upfront with our customers every step of the way.
Your free Go Card entitles you to a $500 referral credit every time you successfully refer a new customer to us. Your referral also saves $500 off their purchase, so everybody wins!