Auto Loans, Car Leases & Financing

Mac Haik Dodge Chrysler Jeep takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.

We Make it Easy!

Competitive Rates

No Hassle Credit Checks

Flexible Payments

Should You Lease Your New Mac Haik Dodge Chrysler Jeep Vehicle?

Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.

Benefits of Financing

Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.

Flexible Credit Options

Mac Haik Dodge Chrysler Jeep can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.

Frequently Asked Questions

This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
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Find Your Car Leasing and Loan Solutions at Mac Haik Dodge Chrysler Jeep Ram of Temple, Texas

Obtaining a customized car loan or lease in the Killeen, Waco, Gatesville and Georgetown, TX areas has never been easier. The Mac Haik Dodge Chrysler Jeep Ram finance team will work to get you the lowest rates possible, and a pay-off period that works comfortably with your individual budget.

To learn more about our financing options for new and used RAM, Dodge, Jeep and Chrysler models, including the 1500, 3500, Avenger, Wrangler and 200, contact Mac Haik Dodge Chrysler Jeep Ram today. Or, visit us in person at 3207 South General Bruce Dr Temple, Texas.


Understanding Credit

An Important Number

Your credit score is a three-digit number credit bureaus develop by evaluating the information on your credit file. Along with your credit history, it has an impact on whether or not you are approved for a mortgage, car loan or credit card and what interest rate you'll pay.

Lending Industry Standard

A borrower's credit score has been proven to be the best predictor of the borrower's repayment performance. The three major credit bureaus generally use a formula developed by the Fair Isaac Corporation (FICO) to analyze the credit information they have on file for you. Your FICO score is what most lenders use to determine the interest rate you'll be offered. Borrowers with high credit scores are usually offered lower interest rates, while those with lower scores may still get credit but will have a higher interest rate.

Figuring Your Score

The three major credit reporting agencies may each assign you a different score, based on the specific information each has on file. But they follow a similar method to come up with that number, which range from 300 to 850. The median score in the United States is 723. Knowing your FICO score and understanding how it is calculated can help you improve your credit profile and thus affect what you pay for financing. 

Refinancing

Today's interest rates are still low, so if you feel your rate is too high on your current auto, boat, or RV please give us a call at (888) 230-4623 to see if Mac Haik Temple's finance department can help you save money. Contact one of our finance experts today for low rates and refinancing options on automobiles, boats, and RV's.

Call (888) 430-1837 or email.




Leasing

As the cost of vehicles continues to escalate, we here at Temple Mac Haik Dodge Chrysler Jeep Ram have found a way to give you the monthly payment you desire and still drive the new vehicle of your choice.  Lease it!

Advantages to Leasing     

  • Lower Monthly Payments and Low Down Payment. Payments on a lease are less expensive than financing because you are only paying for the depreciation, which is the difference between the price of the vehicle and the residual value.
  • Upside DownNever have to worry about being upside down where the value of the vehicle is less than the amount owed.
  • Always have a paymentFor most people, a car payment is like a house payment. You will always have one so why not be driving a new vehicle of your choice every 3 years
  • Asset senseYou should buy items that appreciate and lease items that depreciate. For example, most people would not be too excited about buying stock for $30,000 if they knew that it would only be worth $15,000 in 4 years.
  • Low RiskA bank or lease company is assuming the total risk of what the vehicle will be worth in the future
  • FlexibilityYou do not give up the option of owning the vehicle, you just postpone it. This gives you time to make sure this is the vehicle for you. This makes great sense with advances in technology that have the potential to make your vehicle outdated
  • High Mileage Drivers can benefit by applying for extra miles up front at a reduced price. The auto industry deducts 23 - 30 cents per mile over your mileage limit when trading in a vehicle
  • Win! Win! In many instances, the residual value is comfortably high resulting in lower monthly payments. At the end of the lease, the lease company absorbs the loss, not you
  • WarrantyThe short-term lease leaves you covered under your factory warranty, allowing you to be worry-free about unexpected repair bills
  • Get a nicer vehicleHigh residuals allow you to lease a $5,000 - $10,000 more expensive vehicle for about the same payment as financing
  • Tax Savings In states with sales tax, you only pay tax on your monthly payment, not on the whole vehicle. And in some cases, the entire lease payment may be tax deductible. Consult your accountant for more information

Your Options at the end of your lease

  • Return it to the bank and pay only a small disposition fee
  • Sell the vehicle and keep any amount over the residual
  • Trade it in on a new vehicle
  • Buy the vehicle for the residual amount

Lease Terminology

  • Cap Cost the purchase price of the vehicle plus the acquisition fee
  • Acquisition Fee a fee charged by the lender for doing the lease
  • Cap Cost Reductions any trade equity, cash or rebates used as a down payment to reduce the cost of the vehicle
  • Residual - a predetermined estimate of the market value of a vehicle at the end of the lease term.
  1. Mac Haik Dodge Chrysler Jeep

    3207 South General Bruce Drive
    Temple, TX 76504-6336

    • Sales: (254) 773-4556
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Get in Touch

  • Contact our Sales Department at: (254) 773-4556
  • Monday09:00AM - 08:00PM
  • Tuesday09:00AM - 08:00PM
  • Wednesday09:00AM - 08:00PM
  • Thursday09:00AM - 08:00PM
  • Friday09:00AM - 08:00PM
  • Saturday09:00AM - 08:00PM
  • SundayClosed