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Payment Options
There are a lot of options to choose from when it comes to paying for your new vehicle. While some options are better than others, it is always important to evaluate your financial position when deciding which makes more sense for you. Below we have a few of the more common options:
Finance
A majority of our clients choose to finance some, or all of the balance that is due upon delivery. Miller Chevrolet has access to several competitive financing programs that are tailored to accommodate many different situations. Financing terms and guidelines are generally the result of many different variables. Most lenders review the year, make, model, mileage, current market values, trade equity / or negative equity, the applicants loan repayment history, credit score, loan structure, and of course the dollar amount requested to determine what they will approve, and what the rate of interest will be. The best part of applying through our secure online credit approval process is we handle all the details with the lenders that best fit your individual situation and we can present you with a competitive offer for financing. We even have programs for clients who may have been denied auto credit in the past.
Lease
When comparing options, leasing can be a great way to have greater control over ownership costs. Leasing allows you to choose a shorter term obligation, and can be tailored with your driving needs in mind. Leases have a set term, and are structured with a predetermined amount of mileage over the term. Typical mileage options are 10, 12, and 15 thousand miles per year. Mileage options above 15 thousand can be tailored to fit what you drive. Use our handy Buy vs. Lease tool to determine which is better for you.
Cash
For some buyers, paying the balance in full makes the most sense. The ease of not making a monthly payment, and not paying a finance charge is an attractive feature. It is always still a good idea to compare what programs are available at the time of purchase to make sure cash is the best option. In some cases financing with a low interest loan while keeping your cash invested will be a better option. If you decide that cash is the best option for you, we accept personal checks, cashier checks, or money orders. Credit cards or debit cards can be used for a partial payment up to a limit of $2,000 per transaction.
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