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Financing


              Ian Gibson                                    Dave Simpson

Dave and Ian will insure that your financing request receives their full attention. Where others fail, the Foothills finance department will take the extra step to make sure your auto loan is approved. Whether it is a lease or a purchase, you can expect the finest service and personal attention.
Also ask about our first class service contracts for used cars which offer affordable additional protection on you next car purchase.
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Financing Navigation

Contact Information

Foothills Lincoln Mercury Mazda

202 E North Foothills Dr.

Spokane, WA 99207
workSales:
509-324-8200

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.