Wellington Motors Limited
935 Woodlawn Road West Guelph, ON N1K1B7Sales: 1 (866) 906-8335
- Service: (519)822-8738
At Wellington Chrysler Jeep Dodge Fiat, our finance team strives to get you on the road as quickly as possible. With financing options available from Chrysler and other major financial institutions along with leasing, we can offer several flexible payment options.
Good credit? Bad credit? ... No problem!
Our finance team has several options available to them to help out those with less-than-perfect credit.
- Financing available with most major financial institutions.
- Mastershield protection packages available to keep your vehicle looking new.
- Service contracts available for your new & pre-owned vehicles.
- Flexible financing options.
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Contact Information
- Wellington Motors Limited
-
935 Woodlawn Road West
Guelph, ON N1K1B7 -
- sales Sales:
- 1 (866) 906-8335
- service Service:
- (519)822-8738
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 kilometres from 12,000 to 15,000 kilometres annually. Beyond these figures, fees in the range of $0.10 to $0.25 per kilometer 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.