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At Rick Hendrick Chevrolet Norfolk, you have options when it comes to acquiring a new car. Financing the car of your dreams isn’t the only way to get behind the wheel. Leasing offers Norfolk-area customers an alternative which usually includes greater benefits than financing a new vehicle. If you’re stuck between financing or leasing or are simply unsure of what leasing entails, our knowledgeable sales professionals at Rick Hendrick Chevrolet Norfolk can help to determine what your best options are.
Leasing will usually get you a lower monthly payment than if you were to purchase the same car. You may also be able to upgrade to a more expensive model or add additional options while staying within budget.
With cars these days evolving at a fast pace, the technology options are nearly endless. Through leasing, you’re able to have a car with the most up to date technology features.
At the end of your lease, you will simply turn the car into the leasing agency.
Typically the length of your lease will be shorter than a basic warranty. This will help you save maintenance and repair costs.
Not only is the overall cost of purchasing a car higher, but with a loan the interest you will pay is based off the entire loan amount.
Purchasing a car sometimes comes with facing uncertain market values when the time comes to sell or trade your car in. When financing, you are still liable for paying the loan balance if you owe more than the vehicle is worth.
Long-term loans = more money out of your pocket. Because long term loans carry a higher rate and interest has more time to accrue, the total cost may rise significantly.
Financing or purchasing a vehicle means that the bank or leader will need an initial payment from you. Among other factors, this payment is usually calculated according to your credit score.