WELCOME TO OUR FINANCE DEPARTMENT
Kipp Scott GMC Buick offers financing and leasing solutions that are fast, easy and more affordable than ever. We will find the perfect solution for your lifestyle and budget.
WEIGH YOUR OPTIONS
So, you've watched the Leasing Video, and now you may be wondering "Is it better to lease or finance a new car?" There isn’t a clear-cut answer, because each scenario has its own set of pros and cons and honestly, it really comes down to your lifestyle and how you prefer to pay for things.
Let’s compare financing with leasing in a little more detail:
The vehicle is titled in your name, and you own the vehicle free and clear after the terms of your purchase finance agreement are fulfilled.
The down payment amount is typically used to tailor the monthly payments over the term of the finance contract. There are generally no additional fees at the time of delivery.
No contractual limits on kilometers apply, however vehicle resale values generally decrease as more kilometers are added.
MAINTENANCE & WEAR
You can change the appearance of the vehicle, and select which repairs to make, subject to the terms of the purchase finance agreement.
Monthly payments may be higher than leasing the same vehicle, as the full value of the vehicle is paid over the term of the contract.
The vehicle is titled in GM’s name, and at the end of term, you have the option to purchase the vehicle or turn it in and lease a new vehicle.
The down payment amount is typically used to tailor the monthly payments over the term of the lease contract. It should be noted that there are additional fees at delivery including the 1st payment, G.S.T., and any additional fees related to the contract.
Kilometer limits (typically 20,000 or 24,000 yearly) apply as per your lease agreement, and charges may be applied if these limits are exceeded.
MAINTENANCE & WEAR
You are required to service the vehicle as per GM’s maintenance schedule and cannot make any changes to the vehicle’s appearance.
Monthly payments may be lower than financing the same vehicle, since you only pay for the value of the vehicle during the term of the lease.
TAX WRITE-OFF FOR BUSINESS OWNERS
We have seen more and more businesses leasing vehicles to enjoy tax benefits. It should be noted that the vehicle must be leased under the company name in order to enjoy a 100% tax write-off of the monthly payment up to between $900 & $950. We recommend you speak to your accountant to see if your company could benefit from leasing its next vehicle.
To recap, leasing makes it easier to get more car for less money, as you only pay for the use of the vehicle for two or three years, instead of paying for the vehicle itself. Financing, on the other hand, frees you from the restrictions involved in leasing, such as mileage caps, and the vehicle is yours to do with as you wish.
WE MAKE IT EASY
Kipp Scott GMC Buick offers simple financing and leasing solutions to help you get on the road faster. Our experts are here to answer all of your questions to help guide you in choosing the solution that best suits you, your family and your lifestyle. We also uniquely tailor our finance and lease packages to your needs in order to give you the lowest possible interest rates.
Whatever your needs, our finance team is here to help you get into the vehicle of your dreams.
SECOND CHANCE CREDIT
At Kipp Scott GMC Buick, we understand that unforeseen circumstances can happen to anyone. Sometimes, your credit rating doesn’t tell the whole story. No matter what you’ve experienced, from missed credit card payments to previous bankruptcy, Kipp Scott GMC Buick can offer you a fresh start and help you get approved for a loan. Our financial advisors are experts in finding 2nd and 3rd chance credit solutions and they will take the time to listen to your exact needs. Our plans make it as simple as possible to get behind the wheel of a new vehicle and to improve your credit at the same time. Start an online application today and find out what Kipp Scott GMC Buick can do for you.