Auto Financing & Leasing in Kokomo

Kokomo Auto World takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.
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Should You Lease Your New Kokomo Auto World Vehicle?

Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.

Benefits of Financing

Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.

Flexible Credit Options

Kokomo Auto World can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.

Frequently Asked Questions

What's better, buying or leasing?

This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.

Ready to begin?

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Finance or Lease Your Dream Vehicle Today at Kokomo Auto World in Kokomo

We carry a wide variety of new and used vehicles at Kokomo Auto World that are sure to please almost anyone. If you have one on your list but lack the cash, you may finance or lease through us. You may come by and test drive any vehicle at our Kokomo car lot.

Leasing

Leasing is paying a dealer, usually monthly, to use the vehicle for a set time. You commonly make payments over 12 to 60 months, though you may be offered different terms. Criteria that may impact what you pay include expected depreciation, credit score, mileage, upfront costs, and vehicle make and model.

If you don't plan to travel out of Logansport frequently, or you work locally, leasing could be the ideal choice. Leasing allows you to try a new vehicle every few years without the hassle and cost of owning one. You commonly pay less for a leased vehicle since payments are based on depreciation rather than full cost.

Financing

Financing is paying a dealer or a third party monthly to own the vehicle at the end of the term. Common financing periods range from 24 to 84 months, though most customers prefer 36 to 84-month contracts. Factors influencing your payments include interest rates, taxes, add-ons, vehicle type, down payments, and credit rating.

If you prefer to completely own a vehicle without the restrictions on mileage, financing may suit you better. You may sell it, trade it for a new vehicle, and customize it with your desired features-perfect for commuting from Fishers to Lafayette. Owning a vehicle means you increase the equity, which could get you a higher selling price, and it builds equity.

Why Apply with Kokomo Auto World in Kokomo?

We at Kokomo Auto World in Kokomo want to get our customers behind the wheel of their dream vehicle as soon as possible. Whether you're in Peru or Marion, we offer many useful financial tools to help you determine payments and an easy online financing application.


Your privacy is important to us.

Kokomo Auto World takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.

  1. Kokomo Auto World

    3813 S Lafountain St
    Kokomo, IN 46902

    • Sales: (765) 453-4111
  2. Kokomo Honda

    3813 South Lafountain St
    Kokomo, IN 46902

    • Sales: 765-416-6970
  3. Kokomo Toyota

    3815 South Lafountain St
    Kokomo, IN 46902

    • Sales: (765) 453-4111
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Get in Touch

  • Contact our Sales Department at: (765) 453-4111
  • Monday8:30AM - 7:00PM
  • Tuesday8:30AM - 6:00PM
  • Wednesday8:30AM - 7:00PM
  • Thursday8:30AM - 7:00PM
  • Friday8:30AM - 6:00PM
  • Saturday8:30AM - 5:00PM
  • SundayClosed