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SCION SANTA MONICA FINANCE CENTERTue, April 22, 2008 4:00 PM

Los Angeles Car Loans - Scion Santa Monica

At Scion Santa Monica 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 area and national lenders, offer some of the best Los Angeles car loans available. We do this by providing you with easy to comprehend loan and lease options, and our California car loan experts will explain the details, and offer customized programs to make it easy for you.

For a car loan from the Los Angeles car loan experts, give Scion Santa Monica a call at 310-382-2388 or visit us at 888 Santa Monica Blvd. in Santa Monica, CA. You can also contact us online by filling out our contact form. We look forward to hearing from you, and serving your California vehicle financing needs.



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Contact Information

Scion Santa Monica

888 Santa Monica Blvd.

Santa Monica, CA 90401
workNew Car Sales:
310-382-2388
serviceService:
877-320-7590
partsParts:
877-468-2023

Finance FAQ

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

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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.