Chevy Financing FAQ

Salesman Selling Auto in Car Shop or Businessman Buying New Car Holding Dollar in Hand

 

Thinking of financing your next vehicle but still weighing your options? We’re answering a few of the frequently asked questions we get at our Chevy financing center, to give you a better understanding of the process. 

Should I Buy or Lease? 

There are benefits to both buying and leasing at Woodhouse Chevrolet. When deciding between the two, you’ll want to consider your budget, your needs for the vehicle, and your future plans. 

When deciding between the two: 

  • Buying or financing is best if you drive a lot, since leases have mileage limits. This is also the best option if you are trying to build up equity in your purchase and don’t want to always be responsible for a car payment. 
  • Leasing is the more affordable option. This is typically your best route if you like to consistently upgrade your vehicle and don’t want to have to deal with the hassle of selling. 

How Much Will My Payments Be? 

When financing, your auto payment includes your vehicle’s total cost, taxes, and interest, divided over the total term of your loan. AChevy auto payment calculator can give you a quick estimate of your monthly payment. You can plug in different factors such as a larger down payment or shorter term to see how your payments may be affected.

How Do I Get Approved for Financing? 

You can easily apply for financing anytimeat our dealership or even get preapproved from home with our fast and secure online application. We will ask general questions about you including your income, existing rent or mortgage payments, and other expenses to determine what you can afford. Then, we’ll send your information to the lenders we work with to help find you a loan. 

What’s My Trade-in Worth? 

You can also easily get a quick estimate of your Chevy trade-in value online or we’re happy to inspect your car in person. We look at the current market value of your vehicle’s specific year, make, and model. Then, we’ll factor in your vehicle’s present condition, any modifications or aftermarket parts that have been made or utilized, and your mileage. 

Getting Approved

Ready to get approved for Chevy financing? Stop by our dealership to review our new Chevy specials and discuss your financing options. We’d love to help you get approved today!