Finance Your New Chevy in North Canton, OH

Shopping for a new vehicle comes with several choices. You get to choose a car, truck, SUV, or EV in your favorite color with your favorite features. After you select your vehicle, you get to choose how to pay for it, either by paying cash or financing it with a loan or lease. Both offer attractive interest rates and terms, but they have additional pros and cons.

The Spitzer Chevrolet North Canton finance department can help you make the best choice for your budget and driving needs.

Benefits of Leasing a New Chevrolet

Leasing a new Chevrolet gives you the option of getting a new vehicle every few years. With the latest Chevy lease deals near Akron, you can save money on your monthly payments and get a new car with a bumper-to-bumper warranty. Most leases require a minimal down payment, and Chevrolet offers the Chevrolet Advanced Lease Protection for additional warranty coverage after the lease and new car warranty expire.

Your lease payments cover the depreciation costs of the new Chevy, and the payments are usually less than car loan payments. At the close of the lease, you can choose from several lease-end options like returning the car and leasing or buying a new one.

Leases do come with stipulations that include mileage limits, wear-and-tear charges, and limited customization options. In most leases, drivers get a limited number of miles, usually 8,000 to 12,000 annually. Most leases do not allow drivers to sell or trade their vehicles during the lease term. Because you aren’t financing to own the vehicle, you don’t build equity during the lease period.

Benefits of Buying with an Auto Loan Near Uniontown

Your other financing option is a traditional auto loan. With an auto loan, you don’t have to worry about mileage limits. You can customize your Chevy, and trade it or sell it at any time. Loan terms can extend to 94 months, and interest rates vary based on credit scores. When you finance a car with an auto loan, you build equity with every payment on your new Chevrolet vehicle.

The biggest difference between leasing vs. financing a car is the monthly payment. Usually, car loans have higher monthly payments, as drivers are paying to own the vehicle in the long term.

Visit Spitzer Chevrolet North Canton for Chevy Finance Specials

As a dedicated Chevy dealership, the finance team at Spitzer Chevrolet North Canton has access to the latest offers and incentives from General Motors Financial and local lenders in the Canton area. Whether you choose the budget-minded Chevrolet Trax or the luxurious Chevrolet Suburban, our finance team will build a loan or lease with the best possible terms and rates for your credit score and financial situation.