Deciding
to Lease or Apply for a Loan is Easy at Modern Chevrolet in Winston
Salem
Anything
involving large investments, and details like APR and down payments can
obviously seem daunting to folks not involved in the financial world. But here
at our Chevy dealer near Greensboro, Lexington, Mt Airy and High Point, we make sure all
these details are easy to follow. Take a look through your two financing
options and see the advantages of each.
Leasing
a New Chevy in Winston Salem
- Lower
monthly payments, as well as paying taxes on each payment, instead of on one
lump sum, might work better for your budget.
- Leases
are typically for three years, meaning you won't have a long-term obligation
with a car you might be ready to switch out.
- Lower
service costs thanks to the manufacturer warranties that cover your vehicle
over the term of your lease.
- You'll
have several options at the end of the lease, from choosing a new vehicle to
lease or purchase, buying out your current ride, or moving on to something else
completely.
Bottom line: If you enjoy getting a new car every few years, can keep a cap on your annual mileage, and are looking for lower monthly payments, leasing a new Chevy could be the right option for you.
Purchasing
a New Chevy in Winston Salem
- When
you finish paying off your loan, your Chevy is yours to do with as you
please.
- You
can accessorize or make alterations to your Chevy in any way you see
fit.
- You
won't have annual mileage limits that are part of leasing, so if you're on the
road a lot, applying for a loan and buying your Chevy is probably the right
move.
- Purchasing
and owning a Chevy can turn out to be more cost effective over the long run if
you like to plan ahead more.
Bottom line: If you tend to log a lot of miles on the odometer, stick with one Chevy for a long time, and, most importantly, if you value owning your vehicle, applying for a loan to purchase your next car might be right for you.
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