Make the Right Decision With the Help of Our Financing Experts
There are many ways to buy a General Motors vehicle and our dedicated team of financing specialists at South Shore Chevrolet Buick GMC will be able to help you decide which is the best option for you.
Financing vs Leasing Your Next Chevrolet, Buick or GMC Vehicle
General Motors and South Shore Chevrolet Buick GMC offer both financing and leasing options on new GM trucks, SUVs, and cars.
Financing
Financing is when you purchase the vehicle using a financing plan that usually lasts between 24 and 84 months. You pay monthly the price of the vehicle plus interest until the vehicle is paid and you own it. When financing, you have no mileage restrictions which is the most significant advantage compared to leasing, but it isn’t the only one. It’s also more advantageous if you’re keeping your vehicle for a long time, or if you have a cash down that you want to put on the vehicle before purchase.
Leasing
Leasing allows you to essentially purchase a “portion” of the vehicle. You pay just a percentage of the total value over two, three or four years. At the end of the lease contract, you have the option of buying the vehicle or giving it back to the dealership. This has many advantages including a lower monthly payment which in turn means you can get a vehicle with more equipment for the same monthly budget or pay less for the vehicle you want. It also gives you greater flexibility to exchange your vehicle after a few years for a new one without having to worry about depreciation.
Our team will be able to help you determine which option is right for you. We are here to help and we look forward to meeting you today. Our financing experts are here for you.
