Car financing in Milford denotes a means of getting a new car without purchasing it outright with cash. This may entail leasing a vehicle, which means you’ll drive a car for a set period of time and for a limited number of miles and pay only for the depreciation of the vehicle over that time frame. It may also entail taking out a loan to cover the cost of the car, which you will pay over time, typically with added interest. In either situation, you’ll be making monthly payments.