Anyone in the process of buying a new car may have the need for financing. There are different financing options available to get the right rates, monthly payments and financial support needed to buy the perfect vehicle.
Chevrolet Financing at a Glance
Chevrolet offers different financing options for low monthly payments. At West Chevrolet, we offer the opportunity to get preapproved, so all of our clients know how much they should be able to get financing for when shopping for a new vehicle.
We want to make sure the process is as smooth as possible. Filling out this form lets our customers come in to shop with us with their pre-qualification status locked in.
Credit assistance is also available through our partner, Knoxville Fresh Start. This company helps rebuild the borrower's credit score by offering credit for a new or pre-owned car or truck, even if the borrower has poor credit.
Chevy also offers some special financing for teachers, college students, military personnel and first responders. Eligible individuals may receive discounts or other support. All the special offers are listed on this page on our website.
How Chevrolet Financing Works
Chevrolet financing offers are straightforward. With financing, each person applies for financing with a simple application. A credit check is performed, and lenders decide if they are willing to offer financing to the borrower.
Chevrolet has its own lending branch in its finance department called GM Financial, but that isn't the only lender available. The financing available will depend on the borrower's credit score and credit history, among other factors.
How Chevrolet Leasing Works
Leasing is different than financing and purchasing a vehicle because there is a limited term. Customers have the option of driving a vehicle for a few years and then bringing it back and upgrading to a different model. In some cases, they may also decide to purchase the vehicle at a reduced rate.
Lessees make lease payments (also called installment payments) until the end of the term. People may choose to lease because it has a lower upfront cost, lower monthly payments and no requirement to purchase the vehicle after the term ends.
How to Qualify for Chevrolet Financing
To qualify for financing, the first thing a buyer has to do is show that they have the income to support a loan or lease agreement. The exact amount will depend on the vehicle they're interested in buying. They should also show that they have a good credit score, though there are options for those with poor credit.
GM Financial, the financing arm of Chevrolet, does offer pre-qualification and auto loan pre-approval options without checking credit scores, which can be a good option for those wondering what their interest rates would look like and if they should buy, lease or consider another option.
Once ready to lease or buy, our customers simply fill out an application and financing form. Then, our team will help them select the best option for leasing or financing a new or used vehicle that they're interested in. To learn more about how we can help or to ask questions about auto financing, visit this page or chat with us live at West Chevrolet.