Auto Financing in Grand Forks, ND

The Rydell Advantage

Our goal at all of our Grand Forks, North Dakota, dealerships is to get you into the car you love so that you can get back to the life you love. Our friendly sales staff will take the time to learn what it is you value in a car or truck and then find the perfect vehicle for you.

Our professional finance managers will take you through the process of ownership, whether through leasing or buying your car, truck, or SUV. Regardless of how you purchase, our finance managers will guide you to the best buying solution for your particular needs.

All three of our Grand Forks dealerships work with local and national lenders to find you the best possible loan or lease for your financial situation. However, if you find a better loan elsewhere, you aren't penalized at Rydell. Our one price guarantee ensures that everyone pays the same price, no matter where you get your financing.

Should I Buy or Lease?

We are often asked by our customers what the better option is, buying or leasing? The answer really depends on you and your particular situation. There are benefits with each, so we've touched on what we believe you should consider before making a decision.

Buying New From Rydell

When you buy new with Rydell you have two options. You can choose a new vehicle from our extensive inventory, or you can build your car, truck, or SUV to your exact specifications and have it come from the factory just the way you want it. Finding a vehicle you love on one of our lots is a lot easier than you might think, and the advantage to this is you can drive off the lot in your new vehicle the same day.

But we realize that everyone is unique, and your vehicle is often an expression of who you are. If that's the case, we are happy to walk you through the process of building your own car, truck, or SUV. On average it takes between six and eight weeks to deliver your new vehicle with a factory order, but we've found our customers with particular tastes don't mind waiting for their dream vehicle.

Buying new also gives you the advantage of the Factory Warranty. Warranties vary by manufacturer and can be designed to cover limited areas like your powertrain, or bumper to bumper coverage: Often the choice is yours. You can also take advantage of any current extended warranty deals the manufacturer may be offering.

Another benefit to buying new is you'll be getting the latest technology and safety features. It seems like every year car manufacturers are improving their technology packages and safety equipment. Many new vehicles will come standard with a suite of driver-assist features and other option packages that improve your driving experience.

Leasing Your Vehicle From Rydell

One of the biggest benefits of leasing a vehicle is the lower monthly payments. That's because when you lease you are essentially paying a monthly payment to use the car, truck, or SUV. The downside is you aren't creating any equity because you never actually own the vehicle you lease.

Your financial commitment is shorter as well. Leasing is generally a two- to a four-year contract, not the five- or six-year arrangement in a traditional car loan. This also gives you the flexibility to turn in your car at the end of the lease term and then lease a new vehicle. Some of our best lease customers enjoy trading in their cars for new ones every few years.

You could build into your lease an option to buy the vehicle at the end of the lease term. Many of our customers find they love their leased vehicle so much that simply have to buy it. We can help with a used car loan as well.

Buying a Rydell Pre-Owned Vehicle

Our pre-owned inventory of cars, trucks, and SUVs are usually leased vehicles that have been turned in after the expiration of their term. We painstakingly inspect these vehicles to ensure everything is functioning properly and is in excellent condition before making them available to our customers.

Buying used can save you thousands of dollars off the price of a new vehicle. Sales tax is also lower, and your vehicle has already experienced the bulk of its depreciation. That means you'll build equity quicker. You'll also save more in car insurance versus a new vehicle. This option is often the perfect one for people who want a nice vehicle but don't want to pay that new car price.

What if I Have a Low Credit Score?

Our finance managers are trained to help you find a loan that fits your budget, regardless of your credit score. We have relationships with local banks and national lenders, many of whom have programs specifically designed for those with little or no credit history. 

The first step is to get pre-approved online through any of our dealerships. This quick assessment of your financial situation will help our finance managers determine the best programs for your budget. After getting pre-approved you can go online and use our payment calculator. This simple-to-use calculator will help you determine what you can afford for a monthly payment, as well as what your overall buying power is.

Contact Rydell Cars in Grand Forks

Buying or leasing a car is simple at any of our Rydell of Grand Forks dealerships. First, you need to determine which works better for you, buying or leasing, then you can easily get pre-approved online. Before coming in you should use our convenient payment calculator. Now you're ready to contact our knowledgeable sales team to find you the perfect vehicle. You'll be invited to test drive every vehicle of interest to help you decide which car, truck, or SUV will be your perfect vehicle.