FINANCING YOUR VEHICLE
Financing options for new vehicles.
You've nailed down your budget. You've found the GM vehicle that fits within it. So naturally you're thinking: What are my payment options?
You have three options when it comes to paying for your vehicle:
- Finance: Buy the vehicle over time.
- Lease: Drive the vehicle for a period of time then return it.
- Pay cash: Buy the vehicle outright.
When financing or leasing with a dealership you:
- Choose a car or truck.
- Fill out the dealership's credit application.
- Negotiate the best price for your budget.
- Decide whether to purchase or lease.
- Drive away (if approved) in your vehicle (often on the very same day).
When paying cash:
- Negotiate the price of your chosen vehicle with the dealership.
- Add in taxes and other fees (e.g., license, title, registration).
- Pay the dealership the total amount.
Buying vs. leasing: What you need to know.
Don't know whether buying or leasing is right for you? Consider the following differences between buying and leasing before you make your decision.
Buying gives you:
- Complete ownership. The vehicle is titled to your name.
- No restraints on mileage limits or normal wear. Keep in mind that proper maintenance may affect your warranty coverage. A vehicle's condition can also affect the residual or trade-in value.
- A vehicle that's yours to sell or trade in at any time for another GM vehicle. You have the option to pay off your contract, or sell and trade your vehicle, at any time.
Leasing gives you:
- A chance to drive a new GM car, truck or van more often. Lease terms can be shorter than purchase terms with similar monthly payments.
- Low monthly payments. Monthly lease payments are often lower than traditional financing.
- No resale or trade-in headaches.
Need more help deciding whether to buy, lease, or pay cash? Take the GMAC SmartEdge Buying vs. Leasing Tutorial.
Financing options for used vehicles.
Select Buick dealers offer Certified Used Vehicles that often offer like-new financing for qualified buyers. For more information about Buick Certified Used Vehicles, their rigorous 117-point inspection, and used vehicle warranties, visit www.gmcertified.com.
GM's rigorous, factory-specified inspection process for new and certified used vehicles. This process examines 117 different systems and components to ensure that a particular vehicle is in a safe, reliable operating condition.
Tool commonly used to measure expenses against income. A written plan that helps people manage their money.
A written request for credit.
The number of miles per year agreed upon in the lease agreement - usually 12,000 to 15,000 miles.
Normal wear is the minor and reasonable wear a vehicle endures in everyday, ordinary operation. Normal wear can include removable stains, paint scratches that can be buffed out during reconditioning, or tire treads worn to 1/8" depth or more at the shallowest point.
Your trade-in value is how much your current vehicle is worth. This value may be higher or lower depending on the condition of your vehicle, equipment, and local market conditions.
An agreement between the owner of the property (lessor) and the user (lessee) for the use of a leased vehicle subject to stated terms and conditions for a certain length of time and for an agreed upon payment.
The end of term value of the vehicle established at the beginning of the lease and used in calculating your base monthly payment. This value may be determined, in whole or in part, by using residual value guidebooks (independently published value guides).