If you’re shopping for a new car, it’s important to know how much you can afford based on your budget. You also need to know what your car ownership goals are to find the best car financing deal for you at your local Chevy dealership.
Navigating Car Financing Options at Your Chevrolet Dealership
Unless you can afford to buy a new car with cash, your financing options are either leasing your vehicle or taking out an auto loan. There are certainly advantages to both financing options depending on your financial situation, your preferences, your lifestyle, and your ownership goals. Fortunately, no matter which financing option you use, your dealership can work with you even if you have a poor credit history.
Leasing Advantages
The main advantage of leasing your car is the lower monthly payment. Since a car lease is essentially only paying for a portion of the car’s total value over a short period of time, this option can be ideal if you have a tighter budget. Leasing a vehicle can also be beneficial if you like to test out the latest connectivity and driver assistance technology upgrades.
Buying Advantages
If you have long-term car ownership goals, then purchasing your vehicle with an auto loan might be best. When you buy your car, you don’t have to worry about annual mileage restrictions, wear and tear damage from kids or pets, or other things that might be restricted on a car lease. You can also fully customize your vehicle with accessories so it meets all of your functional needs.
Can Your Chevy Dealership Build a Customized Finance Deal for You?
Absolutely! The finance experts at your local dealership work with local financial institutions to find the most competitive interest rate you qualify for based on your credit score. Your dealership will help you pick the auto loan term length that gives you the most affordable monthly deal for your budget, as well.
If you have an old vehicle that you would like to trade in to offset the cost of your new vehicle, the finance experts at your dealership can hammer out a fair deal. Some drivers use their trade-in valuation to replace the cost of a cash down payment on a new vehicle, or even combine a trade-in valuation with a down payment to drastically reduce the sticker price on a new car.
While auto loans are ideal for people who want to own their vehicle, an auto lease might be better if you prefer frequent vehicle upgrades. Get in touch with Henna Chevrolet Austin in Austin, TX to explore finance deals today.
Connect with us
