Chrysler Canada says it is launching a new financing option for customers that gives them the chance to return the vehicle at a “predetermined” point after the sale.
Called Customer Choice Financing and available on Chrysler, Dodge, Jeep or Ram vehicles, the new program allows for purchase with low monthly payments.
The customer can then have the option to return the vehicle at the end of the predetermined time period, which can be in as little as 36 months.
“This program puts the consumer exactly where they belong - in the driver's seat,” said Reid Bigland, president and CEO of Chrysler Canada.
Said to offer some of the traditional advantages of a lease, Bigland adds that the enhanced flexibility gives “a customer has under this program creates the best of both worlds.”
Under the Customer Choice Financing program, buyers can select a 36-month, 48-month, or 60-month financing term. At the end of this period, the customer can turn in the vehicle or elect to keep the vehicle.
“More than 95 per cent of new vehicles sold in Canada require financing,” said Dave Buckingham, Vice President of Sales - Chrysler Canada.
“Chrysler Canada has long been a pioneer in providing financing solutions that meet a variety of customer needs.” Chrysler was the first manufacturer in Canada to offer variable rate financing.
Customer Choice Financing will be offered effective September 1, 2010.
Be sure to check out the next edition of Canadian AutoWorld with its focus on F&I for an in-depth look at Chrysler's new financing strategy.