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New Offer!

$750 Customer Cash on this 2023 Chevrolet Silverado 1500 model

2023 Chevrolet Silverado 1500
Truck

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$500 Customer Cash on this 2023 Chevrolet Camaro model

2023 Chevrolet Camaro
Coupe

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4.99% APR for 72 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2023 Chevrolet Traverse
SUV

New Offer!

4.99% APR for 72 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2023 Chevrolet Blazer
SUV

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2.99% APR for 60 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2023 Chevrolet Equinox
SUV

New Offer!

4.99% APR for 72 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2023 Chevrolet Trailblazer
SUV

New Offer!

2.99% APR for 60 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2022 Chevrolet Colorado
Truck

New Offer!

2.99% APR for 60 months 90 Day Payment Deferral for Well-Qualified Buyers When Financed w/ GM Financial

2022 Chevrolet Equinox
SUV


Lease or Finance a Chevrolet Car, SUV, or Truck in Waterford

Choosing between a new or used Chevrolet vehicle, SUV, or truck in Clarkson Lansdale can sometimes be challenging since you're looking at different trims and options. Then comes financing. Here, you're faced with either leasing or buying.

Because these two financial options offer various advantages depending on your budget, long-term goals, and other factors, there's usually no definitive answer as to which option is best.

We at Joe Lunghamer Chevrolet are eager to assist you in every step of your purchasing journey. After settling on the most suitable new or used Chevrolet vehicle in our inventory, we'll help you brainstorm the most appropriate financing choice. To get you started, we've presented different highlights of leasing and buying.


Financing

Buying is usually the most suitable option if you're planning on keeping your vehicle for the long haul. After paying off your loan, your cost of ownership drops significantly, leaving you with only gas, servicing and maintenance, and insurance expenses to worry about. If you're on the fence, consider the following reason.

Buying allows you to own your Chevrolet for as long as you want. You're not obligated to return it to the dealer. You won't have any mileage restrictions, meaning you can take road trips near Clarkston without worrying about restrictions.

You can also customize your vehicle in whichever way you want. You can paint it red, pink, or green or change its tires. When you get tired of your vehicle or want to upgrade, you can sell it since it belongs to you.

Buying is pretty flexible. You can complete the paperwork online and have your dealer drop your vehicle at your residence. While buying may appear costly initially, it will save you money in the long run since you'll keep the vehicle longer.

Leasing

Leasing is comparable to renting a vehicle from our dealership. A typical lease agreement specifies a monthly payment and a mileage cap for the duration of the lease. Then, you're expected to make monthly payments over the agreed-upon period (typically four to five years).

Our Chevrolet payment calculator provides monthly payment estimates so that you can begin budgeting before visiting our dealership around Highland. Then, after a specified amount of time, you return the vehicle to our dealership and get a new model.

In essence, leasing is for you if you are not interested in long-term ownership and want to upgrade model years once your lease term expires. Here are the reasons why you should lease

Leasing a new Chevy reduces your down payment and monthly payments. Since you won't be purchasing the vehicle outright, the amount of sales tax you pay will be limited to the lease's total worth.

Leasing is convenient because upgrading to a new model is straightforward. Pay any outstanding fees on your previous vehicle and select your next vehicle. You will not have to negotiate, which is a regular practice among drivers who swap or sell their vehicles.

Leasing allows you to keep abreast of the latest model releases. Most leases are for three years, making frequent upgrades simple. Your warranty will cover your vehicle if you stay within the mileage limit.

A lease is easier to obtain approval for than a car loan. Even if your credit isn't stellar, you can still drive a decent new car.


Start Your Finance Application Today

Which is the superior alternative for your next vehicle? Visit us at Joe Lunghamer Chevrolet to take a test drive through Lake Orion and discuss the differences between financing and leasing with our financial team and make your finance application. Browse our inventory, which includes the various Chevrolet models, or call us to visit our Winter Haven store.

How Can We Help?

  1. Joe Lunghamer Chevrolet Inc

    475 Summit Drive
    Waterford, MI 48328

    • Sales: (248) 462-7397
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Get in Touch

  • Contact our Sales Department at: (248) 462-7397
  • Monday9:00 am - 7:00 pm
  • Tuesday9:00 am - 6:00 pm
  • Wednesday9:00 am - 6:00 pm
  • Thursday9:00 am - 7:00 pm
  • Friday9:00 am - 6:00 pm
  • Saturday10:00 am - 3:00 pm
  • SundayClosed