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Financing

Welcome to the Finance Department. Here you can use our online form to get a quick and accurate response on financing your next vehicle. Your financing information is encrypted in a super-safe digital format and is never sent through E-Mail.
Our finance specialists work to get you the best possible payment terms. Even if you have bad credit or no credit, you can use our secure, private online application process from the comfort of your home. We finance your future, not your past.
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Financing Navigation

Contact Information

Hertrich Chevrolet

1123 Industrial Parkway

Denton, MD 21629
workSales:
(888) 315-9951

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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.