At Lunghamer Buick GMC, we proudly offer a diverse range of Buick and GMC models to suit every driving requirement. If you're eyeing a new or pre-owned Buick or GMC but prefer not to pay upfront in cash, exploring financing options might be the right choice for you. Come and apply for financing to expedite the process of getting behind the wheel, and don't forget to take a test drive before finalizing your purchase at our Waterford dealership.
Leasing: A Flexible Option
Leasing presents a flexible agreement where you essentially rent the chosen Buick or GMC model from the dealership for a predetermined period. Regular payments, often made on a monthly basis, characterize leasing arrangements. The leasing term typically ranges from 12 to 60 months, with various factors influencing the total cost, including vehicle type, its value, your credit score, acquisition fees, and estimated depreciation.
Opting for a lease can be advantageous if you tend to stay close to your White Lake or Highland locales and drive lower annual mileage. Leasing might appeal to you for several reasons: if you're seeking a lower monthly payment and reduced upfront costs, if you prefer changing vehicles every few years, if you require a temporary vehicle for business needs, or if you're uncertain about committing to vehicle ownership.
Financing: Building Ownership Equity
When you choose financing, you're essentially borrowing funds from a lender and then repaying the loan through regular installments, often monthly, over a predetermined period. These loan periods usually span 24 to 84 months, with 72 months being a common average. The total amount you repay can be influenced by your credit score, the specific make and model of the vehicle, necessary insurance coverage, and the applicable interest rate.
Financing offers a pathway to building equity in the vehicle, potentially enhancing its value if you decide to sell it later. Opting for financing might be your ideal choice if you desire complete vehicle ownership with no mileage restrictions or limitations on customization. It could also suit you if you plan on frequent long-distance travel or commuting, if you foresee selling or trading in the vehicle down the line, or if you prefer spreading out payments instead of making a lump-sum payment.
Apply Online for Convenience
For your convenience, we offer an online financing application available around the clock. If visiting our dealership in person isn't feasible, you can easily and securely fill out the online form. Our financial tools can provide you with an estimate of your potential payments, helping you make an informed decision about the best financing option for your needs.