Print

greater Reading, Pennsylvania Car Loans

At Schlenker Ford we understand that choosing between various financing programs can be difficult or confusing. That's why we work to understand our customers needs, and with a network of area and national lenders, offer some of the best Reading, Pennsylvania car loans available. We do this by providing you with easy to comprehend loan and lease options, and our PA car loan experts will explain the details, and offer customized programs to make it easy for you.

For a car loan from the Reading, PA car loan specialists, give Schlenker Ford a call at 800-762-1822, or visit us at 900 S. 4th St. Hamburg PA 19526. You can also contact us online by filling out the form below. We look forward to hearing from you, and serving your Pennsylvania auto financing needs.

Contact Information
Submit

Financing Navigation

Contact Information

Schlenker Ford

900 S 4th St

Hamburg, PA 19526
workSales:
(610) 562-7577 (800) 762-1822

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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.