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Key Aspects of Auto Financing at our Chevrolet Dealership in Baltimore

Last updated 4 years ago

This year, our Chevrolet dealership in Baltimore, MD, offers an incredible inventory of stylish, innovative, and top performing models. If you are shopping for a new Chevy vehicle, auto financing will provide you with the financial assistance you need to drive home the perfect Chevy model for all of your driving needs. Let’s take a closer look at some of the key aspects of auto financing:

Financial Sources

When you finance a new car purchase, you can receive the funds for your auto purchase from several sources. With direct lending, you will obtain a loan from a financial institution such as a bank or a credit union. By choosing dealership financing, you will receive an auto loan directly from the dealership where you are purchasing your vehicle. Dealership financing offers the convenience of completing your entire transaction at the same time as your car purchase.

Interest Rates

Your interest rate will determine how you will pay back your auto loan over time. When determining your interest rate, the financial institution or dealership will look at factors such as your credit score. Often, dealerships will offer fantastic special financing incentives that will provide you with lower interest rates.

Buying or Leasing

Some car shoppers prefer to lease rather than buy a new car. With auto leasing, you will pay a low monthly fee for a set period of time. At the end of the leasing term, the vehicle is returned to the dealership. Leasing is a great option for car shoppers who would prefer not to put down a large down payment towards the purchase of a vehicle.

For more information about your auto financing options, contact Jerry’s Chevrolet of Baltimore by calling (443) 588-2670. The highly knowledgeable experts in our financing department will work closely with you to create a financing plan that is perfect for you. To learn more about our extensive inventory of new Chevy vehicles, visit us on the web or at our showroom in Baltimore.

 

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