Smith Ford's finance team is ready to create the financing plan that works best for you. Save money, time and frustration by working with the finance specialists at our dealership.
Smith Ford's finance experts work with various financial institutions to get you a great deal on a financing plan for your next new or used car. We provide car loans & leases to our Athens GA, Lake Oconee & Reynolds Plantation customers as well! Our dealership is here to make purchasing an automobile a simple and pleasurable experience. Be sure to view our current finance specials to save even more at Smith Ford! Use our online finance application to apply for financing right now!
We can help students with no credit history, or those who have hit a rough spot and now have credit problems. We can customize a car loan program to your needs. Call us at (866) 390-5605, or visit us in person.
Visit one of our Locations in Greensboro, Crawford or Warrenton
Convenient to Athens or Augusta, GA 30630pause
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.