Learn About Leasing or Financing Your Next Vehicle With Suburban Chevrolet | Suburban Chevrolet

Here at Suburban Chevrolet, we're proud to help drivers discover a diverse lineup of models that fit every lifestyle. If you decide to finance your next Chevrolet vehicle, consider exploring loans or leasing with our experienced finance professionals. We know that deciding between these two options isn't easy, so we're proud to help our community become better informed about the world of automotive financing.

Vehicle loans allow shoppers to borrow a large sum of money to buy a new Chevrolet or pre-owned vehicle and pay over a pre-determined amount of time. Loan term lengths are commonly between 48 and 60 months, though options ranging from 12 months to 84 months are also available. With vehicle loans, the amount of money you can borrow and what interest rate your receive are based on income, expenses, and credit score, among other information that banks require.

A loan makes financial sense if you want exclusive control over the vehicle you drive. You don't have any restrictions on mileage when taking out a loan for a vehicle, and you are allowed to modify the vehicle with window tint, accessories, and other modifications at your discretion. At the end of your loan term, you can continue to enjoy driving your vehicle or begin the shopping process again.

Leasing is similar to paying rent on a vehicle over a period ranging from 12 to 48 months. Since the dealership still owns the vehicle, you'll have an option to give back the vehicle, purchase the vehicle, or roll equity into a new vehicle for another lease. Lease agreements outline certain figures, such as annual mileage limits, monthly lease amounts, required maintenance, and end-of-lease fees.

Leasing may be ideal if you don't drive much around town or don't want to commit to buying a specific vehicle beyond the lease term. It also allows you to try a newer car, truck, or SUV every few years without the hassle of selling. As a bonus, lease and down payment amounts are commonly lower than a loan which can help some budget-oriented shoppers find the ideal vehicle for their lifestyle.

Ready to meet the Finance Center team at Suburban Chevrolet? Our experience representatives will be here to answer your questions and walk you through the shopping process. Contact a member of our team over the phone, or visit us to discuss vehicle financing today!