Keweenaw Chevrolet GMC

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Buy vs Lease

LEASE OR FINANCE YOUR NEXT VEHICLE

Curious about the benefits of buying vs. leasing a Chevrolet? Our Chevy dealership in Houghton, MI, has new, used and Certified Pre-Owned Chevrolet models for sale, but deciding how to pay for it can be its own challenge.


That's why our Chevrolet finance team is here to help you through the decision-making process. We can look at your specific situation and go over the advantages of buying vs. leasing a Chevy, and then we'll make a recommendation of what may work best for you. Learn more about buying vs. leasing a Chevrolet here, then stop by Keweenaw Chevrolet to speak with a Chevy finance expert.

If you've never purchased a car before, an auto loan is a great way to build credit while driving a new, used or Certified Pre-Owned Chevy car, truck or SUV. Your monthly payments can be adjusted based on how much you're able to put down up front, and once the car is paid off you can keep driving without worrying about additional car payments. If you'd like to drive a new Chevy Silverado or Chevy Equinox and don't want to worry about upkeep and maintenance, then ask us about the different lease options that we're offering. A lease can come with lower monthly payments, and you have the flexibility of upgrading to a new vehicle every few years. Leasing a Chevrolet is a great choice for those who don't want to be tied down to a single vehicle for a long time. To help you save, our Houghton Chevrolet dealer frequently updates our Chevy specials. Learn more about the benefits of buying vs. leasing a Chevrolet, then visit our dealership to speak with our Chevy finance specialists.

Still curious about the differences between buying and leasing a Chevrolet? Take a look at the chart below, then schedule a test-drive at Keweenaw Chevrolet.

 

Keweenaw Chevrolet GMC

1705 Memorial Rd
Houghton, MI 49931
Driving Directions
Sales 906-379-0164
Service 906-451-4211
Parts 906-337-2412
Finance application Payment Calculator Contact Us
Keweenaw Chevrolet GMC in Houghton MI

Buying A Chevy

You're responsible for routine maintenance and emergency repairs, but you can customize your Chevrolet SUV, sedan or truck any way you'd like.

You make payments toward ownership, and when you want to upgrade you can trade in your vehicle.

Buying a Chevy typically comes with a higher down payment, but you'll also owe less over time with the more you put down.

You have no mileage restraints and can drive as much as you'd like year after year.

Keweenaw Chevrolet GMC in Houghton MI

Leasing A Chevy

You're not responsible for long-term care and you don't have to worry about wear and tear, but you will need to return your Chevrolet in the same condition that it was leased in.

You can drive a recent model year Chevrolet with low mileage, and at the end of your lease agreement you can either return the vehicle or buy it.

You can adjust the down payment for a lease based on what you'd like your monthly payments to be. A down payment on a lease is usually lower than financing.

Lease agreements will typically outline annual mileage limits and can bring on additional fees if you go over.

APPLY FOR FINANCING

We know that financing your next vehicle can feel like a daunting task. That’s why at Keweenaw Chevrolet of Houghton, Michigan, we aim to make the process as stress-free as possible. Finance with us to get speedy preapproval and you’ll soon be on the road in your next vehicle.

Apply for Financing

GET PRE-APPROVED AT KEWEENAW CHEVROLET

Applying for financing is easier than ever when you choose to complete our online application. Just fill out some basic information to get started:

  • Vehicle/Purchase Information: Vehicle type, brand, model, year, and trim (if applicable)
  • Personal Information: Name, phone number, email address, date of birth, and social security number
  • Residential Information: Address, residence type, and monthly rent/mortgage payment
  • Employment Information: Employment status, job title, employer name and number, length of employment, pay frequency, and gross income per pay period
  • Indicate if you’re adding a co-applicant

Your information is secure with us, and we’ll only use it to find the best loan rates and financial plan to fit your lifestyle. Apply online today and you could be pre-approved in record time.

VALUE YOUR TRADE WITH KEWEENAW CHEVROLET

Another way to maximize your purchase is by trading in your current vehicle. We use Kelley Blue Book to determine a fair and accurate offer for your vehicle. Get a free quote on our website by entering your license plate number, VIN, and/or the make and model of your car. Get cash instantly or use your offer as credit on your next purchase. The offer won’t change based on your decision. Plus, each offer is based on actual cash value, whether you trade in your vehicle or not!

Value Your Trade

CHECK OUT LEASING OPTIONS AT KEWEENAW CHEVROLET

If buying a vehicle isn’t the right path for you, check out your leasing options. When you lease a vehicle, you get advantages like more flexible monthly payments, upgrades every few years, and you aren’t tied down to a specific vehicle long term. You also aren’t responsible for long-term maintenance care and won’t have to worry about typical wear and tear. However, when you lease a vehicle, you don’t own it. Many leasing contracts also come with mileage limits. There are pros and cons to leasing or buying – you just have to decide what’s right for you! If you’re having trouble making the decision, feel free to contact our finance department. They’ll be happy to help you through the decision-making process and will stick with you until you’re behind the wheel of your next purchased or leased vehicle.

FINANCE WITH KEWEENAW CHEVROLET

We at Keweenaw Chevrolet work hard to find you the right vehicle at the perfect price. Once you’ve made your choice, finance through us to save time and get out onto the open road. Our friendly, knowledgeable staff are ready to guide you through the process and answer any questions you have along the way. Visit our website to fill out the credit application or stop by today for in person assistance!

Apply for Financing