FREQUENTLY ASKED QUESTIONS ON CAR LEASES AND CAR LOANS AT STANLEY CHEVROLET

November 13th, 2023 by

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TRUSTED FINANCE FROM A TRUSTED CHEVROLET DEALERSHIP

Drivers in the Indianapolis area can get the answers to all auto finance-related questions at our Chevrolet dealership. Our professional finance experts are well-equipped to handle all of your auto finance needs, whether you’re looking for a car loan or a car lease. Additionally, we have numerous new Chevrolet models available for sale or for lease, giving you your choice among many different options.

From the ever-popular Chevrolet Silverado to the cool and composed Chevrolet Malibu, we have a wide range of models for sale. Of course, though, the auto finance process is a crucial part of getting into a brand-new Chevrolet. We have some of the answers to the most frequently asked questions, but you can always visit our Chevy dealer in Indianapolis to speak with an auto finance representative today.

Explore your auto finance options at Stanley Chevrolet today.

WHICH OPTION HAS LOWER MONTHLY PAYMENTS?

When you get a car lease, monthly payments will typically be lower than if you were to get a car loan. The reason for this is because when you get a car lease, you’re basically paying for the depreciation of the vehicle for the duration of the lease terms. Because of this, you may be able to fit an upgraded Chevrolet vehicle into your budget because of the lower monthly payments for the same vehicle for which you could get an auto loan.

Car loans have higher monthly payments because you’re paying the cost of the vehicle plus the interest rate as stated within your loan terms. Although the monthly payments are higher, you’ll completely own the vehicle at the end of your car loan as opposed to in a car lease when you have to return the vehicle, extend the lease or buy out the remainder of the lease with a car loan.

Learn more about your monthly payment options when you visit our Chevy dealer in Indianapolis today.

WHAT CAN I GET WITH A CAR LEASE ?

Typically, you can only lease a vehicle from our new Chevrolet inventory. While our full new, used and Certified Pre-Owned inventories are available for you to choose from, a car lease is not an available option for used or Certified Pre-Owned vehicles. You can, however, get these vehicles with a car loan.

With that being said, our extensive new Chevrolet inventory is as varied as they come, offering a wide range of vehicles for every driver. You can schedule a test drive for a new model at our Chevrolet dealership. Stop by Stanley Chevrolet to start rolling.

WHAT HAPPENS AFTER MY CAR LOAN OR CAR LEASE FINISHES?

In the auto finance process, nothing lasts forever. When you finish paying off the loan amount agreed to when you signed for the vehicle, that’s the end of your car payments. From there, you can choose to drive without car payments for as long as you’d like, or you can use the vehicle as a down payment toward another new Chevrolet vehicle from our Chevy dealer in Indianapolis.

When you’re done with your lease, you have multiple options available. You can extend your lease, you can simply return your lease or you can buy out the remainder of the car’s value to continue driving in the vehicle you’ve been leasing. If you choose to simply return your lease, that gives you the option to get into a brand-new lease.

To have each option explained in more detail, stop by our Chevy dealer in Indianapolis today to speak with an auto finance expert.

VISIT OUR DEALERSHIP TODAY

We’re ready to answer any and all questions you have on the auto finance process at our Chevrolet dealership. We can explain how factors such as your credit report, credit score, credit history and more affect your car loan or car lease. You can also take advantage of our online services including our auto loan calculator.

Stanley Chevrolet is proud to serve the Indianapolis, IN area with stellar customer service and a simple finance process. Stop by our Chevy dealer in Indianapolis today.

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