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Financing

Business Managers - Tim Benefield - Andrew "Bobby Hill" Harper - Larry Heape
Taking The High Road
Our Commitment To You

We want our customers to have the very best car buying experience possible. Our guiding principle is called "Taking The High Road"-- We are committed to treating our customers respectfully, honestly, and fairly.

Capitol Chevrolet of Montgomery, Alabama, has the negotiating power needed, to bring you the lowest rates available with flexible terms. Our finance experts work only with trusted lenders, helping customers with all types of financing needs, purchase and drive their dream car home.


For New or Used Car Loan Questions Call: Toll Free 1-800-410-1137

Products available:
  • Extended Service Plans
  • GAP Protection
  • Theft Protection
  • Paint and Fabric Protection
  • Tire and Wheel Protection

Lease vs. Purchase

Whether you lease or purchase a new car, you must decide which fits your situation best. When you purchase a car, you pay for the whole vehicle. You will usually make a down payment, pay the sales taxes in cash, or roll these taxes into your auto loan and pay an interest rate. You usually will make your first payment thirty to forty-five days after you sign your contract. This option is great if you like to keep your cars for a long period of time and have a need to put unlimited miles on the vehicle.

When you lease, you are paying only for what you use. You do not necessarily have to make a down payment. You typically only pay sales tax on your monthly payments, and are charged with a money factor that is similar to an interest rate on a loan. You make your first payment at the time you sign your contract.

Learn from our trained finance staff about financing your next vehicle.

We are ready to make your auto buying experience stress free and affordable. Our staff, online or on-site, is ready to help you!

The entire staff at Capitol Chevrolet looks forward to your visit.  We are proud to provide Chevrolet vehicles and financing to customers in the Montgomery, Wetumpka, Prattville, Alexander City, Tallassee, Greenville, Birmingham, Dothan, Mobile & Columbus, GA area.


Tim Benefield
Finance Manager
Phone  1-800-410-1137
Fax: 334-271-6890
Contact Information
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Financing Navigation

Contact Information

Capitol Chevrolet Montgomery

711 Eastern Boulevard

Montgomery, AL 36117
workSales:
800-410-1137
serviceService:
800-225-2771
partsParts:
800-392-1559

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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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.