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Financing

Car Loans for Washington DC, Alexandria & Arlington, VA, From Koons

The Koons Falls Church Ford Dodge new and used car dealership can help residents of Washington DC and Virginia get a low rate on their car loan. We've help countless people in Washington DC, Alexandria, VA, and Arlington, VA, get financed for their new or used car, even if they have no credit, or bad credit! Come on in to our dealership and we'll help you get approved today for that car of your dreams!

You can contact our finance department using the form below, and can apply online for your car loan. Not sure what you can afford? Use our finance calculator for estimated monthly payments and vehicles in your range. Here at Koons Church Falls Ford Dodge of Virginia, our goal is to satisfy you with your prefect vehicle and the car loan rate you deserve!
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Contact Information

Koons Falls Church Ford Dodge

1051 E. Broad St.

Falls Church, VA 22044
workSales:
Ford:800-755-8571 Dodge: 800-755-8571Used: 800-715-5852

Finance FAQ


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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.