The Sharrett auto finance team is ready to go to work for you. Our car financing experts promise to find an auto loan or lease option that meets your needs. At Sharrett, we work with a network of auto finance institutions to get you a great rate on a car loan in the Hagerstown, Frederick, Waynesboro and Chambersburg area. Let the staff at our Maryland car dealership make the process of buying a new car in the Hagerstown area easy. Complete our online auto finance application and we will contact you shortly. Your financing information is safely encrypted in digital format and is never sent through e-mail.
Have you picked out the new car, or used car, you are planning to purchase? You can browse Sharrett's current Subaru, Volkswagen, Mazda, Suzuki, GMC and Buick inventory online where you will find prices, pictures and details about all of the new and used cars at our Maryland dealership. If you have additional questions, please contact us.
10312 Auto Place
Hagerstown, MD 21740pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.