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A car loan has been the more traditional car financing method. After the final payment of a finance term, you will own the car and may choose to do whatever you wish to it. A car loan is beneficial to those who plan on keeping the car for a longer period, who drive more than 20,000 miles a year and those who don’t like to change cars frequently.

The disadvantage to financing a car is that the monthly payment will be substantially higher than that of a lease for the same vehicle.  Most vehicles are financed for an average period of five years. This means that if you decide you don’t want the car before you have finished paying it off, it will be difficult to trade or sell the car for a profit. Lastly, your car’s warranty will likely have run out by the end of four years or 48,000 miles, leaving your wallet in charge should you run into any problems.

Contact us at 818-543-3333 for more information, or fill out our Online Credit Application to begin the pre-approval process today.
Contact Pacific Auto Leasing today for more informatio.
Monday: 10 a.m. - 7 p.m
Tuesday: 10 a.m. - 7 p.m
Wednesday: 10 a.m. - 7 p.m
Thursday: 10 a.m. - 7 p.m
Friday: 10 a.m. - 7 p.m
Saturday: 10 a.m. - 6 p.m
Sunday: By Appointment

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