Financing Made Easy: Browse Your Options with Our Finance Center in Cairo, GA
It's fun to shop for a new Chevy at Hobson Chevrolet in Cairo, GA. In order to make that experience easier to manage, we know it's important that you get the right kind of financing. The choice of whether to get a loan or a lease is an important one and we want to help you make the right decision for your financial situation. Here are some fundamentals about the two options that we hope will be helpful to you.
Why buy your next Chevrolet with a loan?
Buying a new vehicle with a loan is by far the most popular choice because, frankly, it's the best decision for most people. After all, it isn't always possible for a Thomasville buyer to pay cash for a new Chevrolet and you can get a new Chevy with affordable monthly payments. Here are some of the many advantages you get when you get a car loan and use it to acquire your next Chevy car, truck or SUV.
A car loan lets you build valuable cash value in your new Chevy
When you get a car loan, every monthly payment lets you build real cash value in the Chevy you drive every day. That, of course, is real money with your name on it and you can use that cash value someday to purchase your next vehicle. That's something you can't do with a lease. It's like creating a savings account in your new Chevrolet and watching the cash value build over time. Ultimately, it can add up to thousands of dollars in value. With a lease, you don't create any cash value and have to return that Chevy at the end of your lease contract.
Getting a car loan gives you far more freedom
With an auto loan, you have a share in the ownership of your new Chevrolet. That allows you to modify or customize your vehicle any way you want. For example, you can add a spoiler, racing stripes, change the color or have the fun of making any other changes you want. With a lease, you don't own the vehicle so you don't have the right to make any changes in it. We've noticed that many people around Tallahassee enjoy having that kind of freedom and flexibility.
With a car loan, you have no restrictions on the miles you drive
A Chevy lease will come with mileage restrictions that will limit your ability to drive as far as you'd like. If you go over the mileage cap, you will incur financial penalties that can add up to a lot. When you are buying your new Chevy with a loan or own it outright, you don't have to restrict your mileage at all. What's more, a lease will have special requirements if your Chevy sustains excess damage or wear-and-tear and you'll have to pay for those things out of your own pocket at the end of your lease.
The primary benefit of a lease is less money out of your pocket
When you lease a new Chevy, you'll make a lower down payment than you would with a car loan since you're paying primarily for the anticipated depreciation of the vehicle over the life of your lease term. In addition, you'll pay less every month so you can create more cash flow in your Camilla, GA family's budget.
A lease can give you predictable maintenance costs
A lease contractd usually lasts for 36 months which means your Chevy will be covered by the GM manufacturer's warranty. When you lease a new Chevrolet, you will be able to plan on the maintenance costs you'll have over the life of your lease. Talk to us any time about the pros and cons of a car loan vs. a lease at Hobson Chevrolet in Cairo, GA.
Start Your Application
* Indicates a required field
Your privacy is important to us.
Hobson Chevrolet takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.