GM Auto Financing FAQs
Welcome to Dick Genthe Chevrolet: Offering GM Auto Financing for Shoppers in Detroit, Taylor, Romulus, Lincoln Park, and All Surrounding Areas in Michigan & Beyond
The time has arrived, and you're ready to add a new Chevrolet to your family fleet. Before the fun can begin, getting a few critical steps out the way, like securing affordable auto financing in Southgate, MI, is essential. Dick Genthe Chevrolet welcomes you to our premier Chevy dealer, funding your dreams for new, pre-owned, and certified pre-owned vehicles for sale one sale at a time. Our experts are thrilled to guide you through the purchasing process and share all about GM auto financing to help you obtain the right loan for your lifestyle and budget. We partner with several national lenders, such as GM Financial, to provide financing for every season of life, whether you're purchasing your first car or considering your next buy. Trust our financial advisors to assist you in determining the best option for your family with competitive rates and flexible financing when you visit us at Dick Genthe Chevrolet to find your next new Chevy car, truck, or SUV today.
Auto Financing FAQs
For many, obtaining financing is one of the most daunting steps of the entire purchasing process. If you're weary as you come across financial terms like APR, fixed financing, wholesale rate, and more, you're not alone! We understand these terms are most likely not a part of your everyday life, and you don't want to spend time learning them as you prepare to purchase a new car. For your convenience, our experts have answered your most frequently asked questions to streamline your experience and take the weight off your shoulders. Find your guide to effortless auto financing in Southgate, MI, below, and contact us with any questions.
What Is APR and How Does It Affect Me?
APR, or annual percentage rate, refers to the cost of your auto loan and other additional fees, such as interest. APRs are typically calculated based on your credit score, meaning the higher your score, the lower your rate. APR is also influenced by other factors, including credit history, down payment amount, how much you plan to finance, and the length of your loan. You won't know the exact APR of your auto loan until you start applying for loans in person or online. Once you've started the process, our team can give you a guaranteed rate. However, you can view your estimated APR by comparing your rates with trusted tools from online lenders, like Car And Driver and Kelley Blue Book.
What Is Fixed Financing?
Fixed financing refers to the financing rate over the lifetime of your loan. With fixed financing, your rate will stay the same, and your payments will not change throughout your loan.
What Is Variable Financing?
Variable financing also refers to the financing rate over the lifetime of your loan. However, in this case, your rate can go up or down based on the prime rate or index. The longer your loan is, the more likely your financing rate will change with variable financing.
What Is Wholesale Rate?
The wholesale rate is the rate you receive from the dealer. This rate determines when the assignee will acquire a retail installment sale contract from our Chevy dealer.
Who Is the Assignee?
When referencing wholesale rate, the assignee refers to the bank that purchases your auto loan from our Southgate, MI, Chevy dealer.
Why Finance Your New Chevy With GM Auto Financing at Dick Genthe Chevrolet?
Buying a new car can be a stressful experience if you don't have the right car dealership to guide you through it. Our experienced finance professionals acknowledge that securing affordable auto financing can initially seem daunting, but when you work with us, we'll make it as easy as possible to take the weight off your shoulders and place it onto our own.
We value the opportunity to assist your family through GM auto financing, and we're determined to find the best loan for your lifestyle, budget, and future driving needs, considering any additional fees that may apply. Get pre-approved for financing from home and discover affordable financing from several trusted lenders across the country. When you're ready for a new Chevy, we're here to serve customers and make that happen.
Affordable GM Auto Financing in Southgate, MI
It's never too late to start fresh. Visit Dick Genthe Chevrolet to finance a new or used vehicle with flexible options, including deals with no down payment required. Our team is ready to go the extra mile to assist you with your vehicle purchase. See you soon!
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