How to Apply for Financing

August 20th, 2021 by

Once you have your heart set on your dream vehicle, it’s important to start thinking about your Chevy financing options. We’re outlining how to apply for financing at Videon Chevrolet and the other decisions you’ll need to make.

Is it Better to Finance or Lease?

Before you go through the financing process, it’s important to consider if it’s even your best route. Leasing lets shoppers get into a new vehicle more affordably. Plus, you’ll always have newer technology and warranty coverage. You can’t customize a leased vehicle, however, and it has mileage restrictions. If that is an issue, financing may be better for you. Financing is also a better option for buyers who want to work towards owning a car or build up equity in their vehicle.

How Much Can I Afford?

Price is arguably one of the most important factors in car shopping. No one wants to feel stretched or even strapped with a car payment. An auto payment calculator can help you quickly get an estimate on your monthly payment. It factors in the total investment, your down payment (or trade-in value), your interest rate, and the term of your loan.

How Do I Apply?

We want everyone to feel confident about the financing process at our dealership. We’ll start by collecting your basic buying criteria including your income, debt-to-income ratio, and your credit score. Then, we’ll send the information to our circle of trusted lenders. We’ll present you with the most competitive offers and terms to help you find a loan that you find satisfactory.

Our team at our Chevy dealership in Phoenixville, PA are happy to walk you through the process and answer questions every step of the way. Don’t hesitate to reach out to us today!

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