Print

Financing

Welcome to the Finance Department. Here you can use our online form to get a quick and accurate response on financing your next vehicle. Your financing information is encrypted in a super-safe digital format and is never sent through E-Mail.
Contact Information
Submit

Financing Navigation

Contact Information

Mulkin Automotive

4441 US Route 5

Newport, VT 05855
workSales:
(800) 675-6523

pause

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.

Privacy Statement
This privacy statement is to inform you of our practices to our collection of the personal information you enter here and your browsing activities on this website in order to provide you the information and services you are requesting. Please note that different policies may apply to information you are to provide to us in the course of purchasing or financing a vehicle and you should receive information about application policies at the time of your puchase.

All personal information we collect through your price and information requests may be used in Mulkin Automotive email promotion campaigns. You may receive emails from us on upcoming events and specials. You can at anytime opt out of all emails by click unsubscribe at the bottom of the emails.

This privacy statement is effective as of March 31, 2008.