• Chevrolet

Faulkner Ciocca Chevrolet

780 S West End Blvd. Rt. 309
Quakertown, PA 18951

  • Sales: 800-513-3780
  • Service: 215-536-2100
  • Parts: 215-536-4848

Finance vs Lease

At Faulkner-Ciocca Chevrolet we offer the Best financing options available for our customers. Our team of in house financial consultants work EXTRA hard, hand in hand with the largest and most competitive banks to be sure you receive the truly competitive rate. So before you visit your local bank LET US WORK FOR YOU!

Financing options for new vehicles.

You've nailed down your budget. You've found the Chevrolet vehicle that fits within it. So naturally you're thinking: What are my payment options?

You have three options when it comes to paying for your vehicle:

  • Finance: Buy the vehicle over time.
  • Lease: Drive the vehicle for a period of time then return it.
  • Pay cash: Buy the vehicle outright.
*You may also choose to finance through your own bank, credit union, or other source.

When financing or leasing with with Faulkner Ciocca Chevrolet you:

  • Choose a car or truck.
  • Fill out Faulkner Ciocca Chevy's secure credit application.
  • Negotiate the best price for your budget.
  • Decide whether to purchase or lease.
  • Drive away (if approved) in your vehicle (often on the very same day).

When paying cash:

  • Negotiate the price of your chosen vehicle with the dealership.
  • Add in taxes and other fees (e.g., license, title, registration).
  • Pay the dealership the total amount.

Buying vs. leasing: What you need to know.

Don't know whether buying or leasing is right for you? Consider the following differences between buying and leasing before you make your decision.

Buying gives you:

  • Complete ownership. The vehicle is titled to your name.
  • No restraints on mileage limits or normal wear. Keep in mind that proper maintenance may affect your warranty coverage. A vehicle's condition can also affect the residual or trade?in value.
  • A vehicle that's yours to sell or trade in at any time for another Chevrolet vehicle. You have the option to pay off your contract, or sell and trade your vehicle, at any time.

Leasing gives you:

  • A chance to drive a new Chevy car, truck or SUV more often. Lease terms can be shorter than purchase terms with similar monthly payments.
  • Low monthly payments. Monthly lease payments are often lower than traditional financing.
  • No resale or trade?in headaches.

Need more help deciding whether to buy, lease, or pay cash? Take the GMAC SmartEdge Buying vs. Leasing Tutorial.

Understanding vehicle financing term lengths.

Remember that finance contract terms typically range from two to six years (i.e., 24 to 72 monthly payments). And generally, the longer you take to pay, the lower your payments will be. But, the longer you take to pay, the more your total cost to finance goes up.