Saturn of Stevens Creek
4333 Stevens Creek BlvdSanta Clara,CA95051Sales: 800-473-5048
- Service & Parts: 800-473-4356
Financing
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Get a Free Quote!
Many people need a car loan to finance their new or used car, and the finance experts at Saturn of Stevens Creek are here to help. Regardless of your credit situation we invite you to request a free, secure auto loan quote. Be assured that Saturn of Stevens Creek works only with trusted lenders to bring you the lowest available rates and the most flexible terms. Use this easy guaranteed secure auto loan application and drive your dream car home today!
Buying vs. Leasing
Whether you buy or lease a new car, you'll want to know which option fits your situation best. When you buy a car 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. Your first payment usually will be due a month after you sign your contract. The purchase option is great if you like to keep your cars for a long period of time or if you expect to put a lot of miles on your vehicle.
When you lease, you are paying only for what you use. You do not have to have a down payment, you typically only pay sales tax on your monthly payments, and you're charged an amount similar to the interest rate on a loan. You make your first payment at the time you sign your contract. This option is excellent for buyers who plan to drive their new vehicle for only a few years, or for drivers who expect to put a limited number of miles on their car.
Let us make your auto buying experience a stress free one!
Financing Navigation
Contact Information
- Saturn of Stevens Creek
-
4333 Stevens Creek Blvd
Santa Clara, CA 95051 -
- workSales:
- 800-473-5048
- serviceService:
- 800-473-4356
- partsParts:
- 800-473-4356
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.