Shaw GMC Chevrolet Buick

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Financing 101 at Shaw GMC Chevy Buick

2017 Chevy Cruze

Our GMC dealership in Calgary, AB has plenty of great models available for lease or purchase, so once you’ve found something you love in your price range, the next step is determining how the financing works. Here at Shaw GMC Chevrolet Buick, we encourage our customers from Calgary and beyond to give the following questions consideration before signing the dotted line of that brand new Chevrolet Silverado.

Should you buy or lease your new GMC vehicle? If there’s a car you love but it’s looking like the monthly payment is going to be just a bit outside of your budget, consider leasing the car instead. The monthly payments in leases tend to be lower, and for those that are going to trade their vehicles out every three years anyway, it can save even more money in the long run.

Is a short-term or long-term loan better? It all depends on how much you can afford. A short-term loan will make for a higher monthly payment, but it also means that you’ll pay significantly less interest over the life of the loan. By that same token, customers can afford newer models if they spread their payments out over a longer loan. It all depends on what you need.

How does one get the best interest rate possible? Having good credit is the best way to get an ideal APR, but don’t forget there’s always the option of co-signing if you don’t have any credit and want to buy your first car. It’s a great way to build credit and get the interest rate you want!

Whether you’re buying a Chevrolet Cruze or Buick Verano, we have great financing options available to customers on the hunt for a great car, including our online finance calculator that can lay out what you would be paying month to month. Stop by or give us a call for more information about our expert financing department at Shaw GMC Chevrolet Buick.

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This entry was posted on May 15, 2017 by in Buick and tagged , .

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