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Your new and used automotive financing experts
If you're in the market for a new or pre-owned car lease or financing, then you're ready to come into Vermilion Chevrolet GMC. Our finance department is ready to help you find the auto loan financing that fits your needs and budget, no matter if you're in Danville or Champaign. Our team of experts are waiting to help you, so read on to learn more about the difference auto loan financing and car leasing opportunities near Savoy, as well as the various amenities you can enjoy when you turn into Vermilion Chevrolet GMC for your used car financing needs.
What’s the Difference Between Auto Loan Financing vs. Car Leasing?
Many shoppers often have the question when they're looking for a new or used vehicle is, "What's the difference between buying and leasing?" Ultimately, when you choose in-house new or used in-house financing from Vermilion Chevrolet GMC, you're taking out a loan with the dealership. Or in other cases, you can also borrow from a bank or outside lender. You're then obligated to pay this money back in the form of monthly payments over a certain length of time. However, when you lease a vehicle you're essentially borrowing it from the dealership on a 24 or 36-month term. Once that term is up, you can trade it in for something new or you have the option to purchase it.
Here are some of the perks of financing vs. leasing:
Perks Of Financing:
- You’ll have totally ownership of the car and can make various customizations or enhancements
- You aren’t obligated to adhere to mileage limits
- You are free to sell the car
Perks Of Leasing:
- You can upgrade to a new car every few years
- There’s little to no down payments
- Lower monthly payments
Used Car Financing is Available at Vermilion Chevrolet GMC
No matter if you've decided on a new vehicle, or you want to take out a used car financing offer from Vermilion Chevrolet GMC, you'll be able to work with our incredible team of finance experts. We'll work with you to make sure that you're staying within budget, and help you take advantage of our new vehicle specials as well as pre-owned vehicle specials, to save you even more money in the long run. But it all starts by contacting us today at Vermilion Chevrolet GMC