Finance Department at Henna Chevrolet in Austin, TX

At Henna Chevrolet in Austin, TX, we strive to make the car buying process as smooth and enjoyable as possible. Our finance department is here to assist you every step of the way, from selecting the right vehicle to securing the best financing options. Our knowledgeable team will guide you through the various stages, ensuring you understand your choices and feel confident in your decision.

Buying vs. Leasing: Pros and Cons

Buying

Pros

Ownership: When you buy a car, you own it outright once the loan is paid off. This means you can keep the vehicle for as long as you want without any mileage restrictions.

Customization: Owners can modify their vehicles to their liking without any limitations.

Equity: Buying a car allows you to build equity, and once the car is paid off, it can be a valuable asset.

Cons

Higher Monthly Payments: Buying usually involves higher monthly payments compared to leasing.

Depreciation: New cars depreciate quickly, and owners bear the full brunt of this depreciation.

Maintenance Costs: After the warranty expires, owners are responsible for all maintenance and repair costs.

Leasing

Pros

Lower Monthly Payments: Leasing often comes with lower monthly payments compared to buying.

Newer Models: Leasing allows you to drive a new car every few years, ensuring you always have the latest features and technology.

Maintenance: Leased vehicles are typically under warranty, meaning most repair costs are covered.

Cons

No Ownership: You do not own the vehicle at the end of the lease term; you must return it or buy it at the residual value.

Mileage Restrictions: Leases come with mileage limits, and exceeding them can result in hefty fees.

Customization Limits: Leased vehicles must be returned to their original condition, meaning modifications are usually not allowed.

Specials on Vehicles and Services

Henna Chevrolet offers a variety of specials on both new and pre-owned vehicles, making it easier for you to find the perfect car at a great price. Our service department also provides discounts on maintenance and repair services, ensuring your Chevrolet remains in top condition without breaking the bank. Be sure to check our website regularly for the latest deals and promotions.

Trade-In Offers

Trading in your current vehicle is a fantastic way to reduce the cost of your new car. At Henna Chevrolet, we offer competitive trade-in values for your vehicle, making it easier to afford your next Chevrolet. Our team will evaluate your car and provide a fair market value offer, which can be applied directly to your purchase or lease.

Pre-Approval Process for Loans

Getting pre-approved for a loan is a crucial step in the car buying process. At Henna Chevrolet, we simplify the pre-approval process to help you secure the best financing options available. By filling out our online pre-approval form, you can quickly determine your budget and streamline your visit to our dealership. Our finance experts will work with a network of lenders to find the most favorable terms for your loan.

Vehicle Finance Vocabulary

Make the car buying process a breeze with this healpful list of finance terms used in the industry:

APR: The Annual Percentage Rate

Assignment: A transfer of a loan from one lender to another

Base Price: The costs of a car with standard equip incentives & freight

Certificate of Title: A Legal document issued by a state at the time of sale.

Co-signer: A person who takes on a loan if the orig. borrower stops pay

Default: Failure to meet the terms of the loan

Interest: A percentage charge for a loan

MSRP: Manufacturers Suggested Retail Price

Refinance: When one loan is used to pay off another

Term: The length of the loan, 24, 48, 60... months

Underwriting: Verifying the data used to obtain a loan

Visit Henna Chevrolet Today

At Henna Chevrolet in Austin, TX, our finance department is dedicated to making your car buying experience seamless and stress-free. Whether you choose to buy or lease, our team will help you understand your options and find the best deals available. Take advantage of our vehicle specials, trade-in offers, and simple pre-approval process to get behind the wheel of your new Chevrolet today. Visit us online or stop by our dealership to learn more about how we can assist you in driving home in the perfect vehicle for your needs. Trust Henna Chevrolet for all your automotive finance needs.