Financing
- Explore your options, ask questions and let us help you make the best decision.
- Buying a new or used vehicle is exciting. Because it is a significant commitment, usually the second largest for an individual, it can be a little stressful. Let Schlueter Chevrolet take away the stress, and secure your financing for you.
- Today, financing a vehicle through our dealership is the most popular method chosen by our customers. We are off sight representatives for many banking institutions including, TD Canada Trust, Royal Bank, Bank of Montreal and Scotiabank, as well GM Financial.
- Let us do the work for you. Taking the time to secure a loan through your own bank can be time consuming. We can look after all of this for you in one easy visit at the time of your sale.
- Take a look at some of the current rates available (this should be a PDF link)
- What is involved in financing your vehicle?
- Purchase financing is an installment sale transaction between you, your bank and your dealer whereby you agree to pay the amount financed, plus an agreed-upon finance charge, over a period of time.
- Generally, if you plan to drive your vehicle for more than just a few years, you consistently drive well over 24,000 kilometres a year, you subject your vehicles to rough treatment, you plan to alter the vehicle's appearance or if you feel more comfortable with the idea of "owning" a vehicle, purchase financing is probably right for you.
A quick look at the advantages of buying:
• You will own the vehicle
• The vehicle will be registered under your name
• You can trade in your current vehicle to add to your down payment
• You can keep your vehicle as long as you wish
• There are no kilometrage restrictions
• There are no wear and tear limitations
• You may alter your vehicle any way you wish
If you have any questions or would like some more information please contact us. (need link)
Leasing
Is leasing right for you?
- Leasing is an option that allows you to pay for the portion of the vehicle's value you expect to use over a period of time, plus a borrowing charge and applicable taxes.
- When you buy a vehicle using traditional financing, monthly payments are based on the whole value of the vehicle plus interest.
- When you lease a vehicle, your payments are based on the portion of the vehicle you expect to use (plus interest) over the lease term, which can range from 24 to 96 months.
Click here to take a look at some of the current rates available.
The benefits of leasing
- Lease terms are shorter than most finance terms so you can drive a new car more often
- No trade-in obligations
- You pay taxes only on your monthly payments
- You are only paying for the portion of the vehicle's value that you intend to use
