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Apply for Your Auto Financing Online with Courtesy Buick-GMC of Chico

There's something about the prospect of buying a new or used vehicle that just brings excitement and anticipation! After browsing through various dealerships, you've finally found the vehicle of your dreams. As important and fun as it is to narrow your vehicle down to one vehicle, this is only the first step. Is your financing all squared away? Here at Courtesy Buick GMC of Chico in Chico, CA, we're dedicated to putting you behind the wheel in the vehicle of your choice, whether it's a new Buick GMC or a used car. Our finance department is filled with qualified professionals experienced in helping our customers own their chosen vehicle. You'll be amazed at how we simplify the buying process!

An introduction to our finance center: The home of simple, affordable solutions

When it's time to figure out how to get financing for a new or pre-owned vehicle, do you feel a litle apprehensive? Does the task of deciding between a loan and a lease seem a bit confusing or mysterious? We understand. Fortunately, the specialists in our finance center at Courtesy Buick GMC of Chico are good at more than just the topic of financing. They're also good at explaining your options in clear, understandable terms.

What's the basic idea behind a car loan?

A car loan, as you may be aware, is simply an agreement for a lender like a bank to loan you enough money to make a big purchase like a new or used car. You then pay back the loan with equal monthly payments over a pre-established period of time, which is called the "term" of the loan. Car loans today are typically re-paid over a period like 36 months, 48 months or longer. In fact the most common car loan repayment term is now 72 months.

What are some advantages of getting a car loan?

When you get approved for a car loan, you have a chance to someday own the vehicle you're buying. In fact, if you make all your loan payments, at the end of the term, the car is all yours. Even if you sell the car before you finish paying off the loan, you will probably have built up some significant cash value in that car that has your name on it. That will most likely be several thousand dollars worth of value that can help you pay for your next car.

What are the disadvantages of a car loan?

We wouldn't necessarily call the challenges that come with a car loan "disadvantages." They're more like hurdles that you have to overcome to get a loan. But in general, it's to your advantage if you can make a car loan work. One hurdle with a car loan is that you pay more money as a down payment than you'd pay upfront with a lease. Monthly loan payments are more than lease payments but it's worth it because you're building cash value.

What's leasing all about?

When you lease a new Buick Encore or Enclave SUV or a GMC Sierra 1500 pickup, it's like "renting" the vehicle instead of buying it. You make monthly lease payments to the lease-holder - which is typically the financing unit of the carmaker - and then you get the privilege of driving that vehicle for a definite period of time. Most leases last for 36 months and at the end of that time, you return the vehicle to the dealership and pay any lease-end charges.

Why do people lease instead of getting a car loan?

The primary attraction of a lease for most people is simply that monthly lease payments are lower than monthly loan payments. If you're trying to lower the amount of money you're paying out each month and increase your cash flow, a lease can help you do that. Some people like leasing because it's a simple way to get the newest style and features every few years. At the end of a lease, you just return the car and don't have to sell it yourself.

What are some of the disadvantages of leasing?

The key disadvantages, we believe, are that you aren't building any cash value in the car you're leasing and you'll never own it. From a personal financial standpoint, those are two very significant drawbacks.

Talk to the experts in our finance center

Our finance specialists can tell you more about the differences between a loan and a lease. Whichever you prefer, we can help you get the best available loan or lease package. Allow us the privilege of helping you finance your next new or used car, truck or SUV at Courtesy Buick GMC of Chico in Chico, CA.

How Can We Help?

  1. Courtesy Buick GMC of Chico

    2520 Cohasset Road
    Chico, CA 95973

    • Sales: (530) 487-0889
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  • Contact our Sales Department at: (530) 487-0889
  • Monday8:00 am - 8:00 pm
  • Tuesday8:00 am - 8:00 pm
  • Wednesday8:00 am - 8:00 pm
  • Thursday8:00 am - 8:00 pm
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  • Saturday9:00 am - 7:00 pm
  • Sunday10:00 am - 6:00 pm