The finance department at Larry H. Miller Ford will find the car loan or lease option that works best for you. Our finance staff has the expertise and financial resources to get you the best rate on an auto loan in Salt Lake City and into your dream Ford car or truck. We are here to make the process of buying a new or used car as simple as possible. Work with a finance specialist at Larry H. Miller Ford and you'll be glad you did!
Get approved for a car loan in the Salt Lake City, Murray, Sandy and West Valley City area right now by completing our secure online auto loan application. We will contact you as soon as one of our experts has reviewed your application.
While you're waiting for credit approval take a moment to browse our online inventory and view your favorite new Ford, or used car. Our friendly staff is always available to answer your questions about purchasing a vehicle or getting a car loan in Salt Lake City.
1340 South 500 West
Salt Lake City, UT 84115pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.