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Financing

Hammond, Louisiana, Car Loans From Hammond Autoplex

Welcome to Hammond Autoplex's Finance Department. Here you'll find all of our tools to help you get a competitive rate on your used car loan. The payment calculator on the left will generate an estimated monthly payment for your loan, and also give you vehicle choices from our inventory that will fit your budget.

Hammond Autoplex has teamed up with lenders such as Hancock Bank, Chase, Wells Fargo, ASI FCU, Consumer Portfolio Services, Trustmark Bank, Americredit, Peoples Bank and many more to be sure to secure the best possible financing for our customers.

You can also apply for your loan online with our finance application. Also take a look at our finance specials page for any programs we may be offering to save you even more money.
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Contact Information

Hammond Autoplex

46424 N. Morrison Blvd

Hammond, LA 70401
workSales:
985-542-7723

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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.