Leasing vs Financing at Harvard Chevrolet Buick GMC
Choosing whether to lease or finance your next car can be a difficult decision, that’s why the finance team at Harvard Chevrolet Buick GMC Harvard is here to help. We are happy to help guide you through the process and make sure you’re making a confident decision. From which has the least upfront cost and best long-term investment to leasing restrictions and warranty benefits, Harvard Chevrolet Buick GMC works with top banks, credit unions, and manufacturer-sponsored lenders to help you get the best program that meets your financial needs. Call us at 8665297640 today.
Chevrolet Buick GMC Leasing
Leasing can be a hassle-free experience by not locking you into a long-term commitment or demanding large payments upfront and monthly. If you’re someone interested in getting a new car every two years or so, then leasing is the perfect option for you. Additionally, leasing allows you to always get the latest technology and stylings while also opening the door to try out different models every few years, leasing may be right for you.
When you choose to lease a Chevy, you can get additional lease cover through their Chevrolet Advanced Lease Protection. This unique offering lets you can get the coverage that provides additional services and protection during the manufacturer’s warranty, plus coverage after the manufacturer’s warranty expires. Key benefits of the Chevrolet Advanced Lease Protection include:
- Available for new, leased vehicles at lease inception
- Can be transferred or canceled at any time
- No deductible required
- Offered in terms ranging from 24, 27, 36, 39, 42, and 48 months
Buick XS Wear Lease Protection and GMC XS Wear Lease Protection can give you coverage for damages beyond the normal wear and use when you turn in your lease vehicle. Because sometimes life gets in the way when you drive so you might go over the mileage or slightly dent the vehicle’s exterior. Don’t worry about getting charged for those small incidentals when it’s time to turn in your leased vehicle. Coverage includes up to $5,000 in total charges if the vehicle is driven fewer than an average of 25,000 miles per year and even more great coverage including:
- Dents, scratches, and chipped paint
- Interior stains
- Chipped glass
- Tires and wheels
- Missing parts, Owner’s Manual, or keys
- Excess mileage charges up to $400
Pros of Leasing
- Lease payment covers only the vehicle depreciated value
- Lease payments cost less than financing
- Down payments are less than financing
- Covered under the general warranty
- Don’t have to worry about selling after the lease term
- Get new technology and features
- Multiple end of lease options
Cons of Leasing
- Mileage limits
- Possible excess wear charges
- Limited credit building
- No customize or alteration allowed
Chevrolet Buick GMC Lease-End Options
When returning your currently leased Chevy, Buick, or GMC you have three stress-free and simple options including trading in for a new lease, buying your current leased car, or returning your lease and walking away with no strings attached. If you’ve moved away during your lease term you can simply return it to your local Chevrolet, Buick, or GMC certified dealership.
Lease a New Chevrolet Buick GMC
If you’re ready to enjoy the latest technology, looks, and features Chevy, Buick, or GMC has to offer, you can trade in your leased car for a new make or model with ease and enjoy loyalty perks.
Buy Your Leased Chevrolet Buick GMC
If you’d like to keep your currently leased Chevy, Buick, or GMC, we’ll help facilitate a great deal on terms that work for you. Doing this will let you keep your leased car at a great value due to depreciation!
Return Your Chevrolet Buick GMC
If you’re not looking to buy or lease a new Chevy, Buick, or GMC? You can return it at the end of your lease term hassle-free.
Before Returning Your Chevrolet Buick GMC
You’ll need to bring your car in for a pre-return inspection before your lease is up. Chevy, Buick, and GMC lease return policy requires a pre-return inspection within 120 days of lease-end. This inspection will determine if there’s any unusual wear or use to your vehicle and identify what repairs you should make to avoid potential fees.
Pros of Financing
- Ownership and ability to sell
- No mileage restrictions
- Ability to personalize and customize
- No car payments once paid off
- Multiple lender options
Cons of Financing
- Higher monthly payments
- Higher down payment
- Higher repair costs
- Vehicle depreciation
Leasing vs Financing FAQs
- Warranty coverage
- Latest technology and stylings
- Available incentives
- Mileage limitations
- No customizations
- Excessive wear cost
- Not an asset
- Lease a new Chevy, Buick, or GMC
- Buy a new Chevy, Buick, or GMC
- Buy your currently leased Chevy, Buick, or GMC
- Walk away hassle-free
- Scheduling your inspection
- Review and make possible repairs
- Make an appointment at a dealer
- Complete a federal odometer/lease termination statement
- Pay any lease liability fees/charges
- Pay any additional charges
- Ownership and ability to sell
- No mileage restrictions
- Ability to personalize and customize
- No car payments once paid off
- Multiple lender options
- Higher monthly payments
- Higher down payment
- Higher repair costs
- Vehicle depreciation
You can return your lease at any Chevy, Buick, or GMC dealership.
After arranging a return date, clean and retrieve personal items from the storage compartments. You should also clear the navigation system of all saved addresses, erase programmable garage door codes, and delete all saved phone numbers. Then make sure the following equipment is present in the vehicle:
- All keys and key fobs
- Owner’s manual
- Entertainment system headphones
- Other accessories included in the lease package
- Original manufacturer wheels at the time of the lease
- Power charging cables for electric vehicles