An Auto Loan or Lease Agreement? Either Choice is Made Easy at Phelps Chevrolet!

Whether you are still in the research process of finding a new car, or you know exactly what you are after, it never hurts to think about auto financing or leasing before you come in to test drive. With all of the information at your fingertips, you will be able to move forward with the payment process with all of the knowledge of what you are getting yourself into.

Here at Phelps Chevrolet, we value honesty and transparency, which is why our sales and finance teams are available to answer all of the questions you might have about the Chevrolet financing or leasing process. So, let us begin by helping you answer the first question that most people ask before buying a new car: which payment option is right for me? Once you are completely satisfied with how you would like to proceed, come see us here at our Greenville, NC Chevrolet dealership. Phelps Chevrolet is conveniently located less than 45 minutes outside of Tarboro and we look forward to helping you finance or lease your next new or used car!

Convenience and Ease Through Financing

Let us with financing, which is the path people tend to choose if they have their heart set on one particular vehicle and they want to make it a part of their daily drive to Wilson, NC. When you finance a new Chevy or used car, you do so through an auto loan agreement, which is negotiated between you and your sales representative. With financing, you agree to a set of monthly payment installments, as well as a down payment due at loan signing, made through a bank or lending institution, and continue to make said payments for a preset auto loan agreement until the full sales price of the vehicle is payed off. Your down payment and estimated monthly payments vary based on your desired payment scheduling, budget, and the results of your finance application and credit score, but many people choose financing as it is a way to finance a vehicle which they can call their own. In a Chevy auto loan, you are able to build equity when you make monthly payments on time, which can be beneficial if you have lower or no credit at all. There are no restrictions for where you can take the vehicle, or what genuine Chevy accessories you can put on the vehicle, so long as its service requirements are met, and the loan is paid off in a timely manner. Once the loan is fully paid off, the new or used car is yours to sell, donate, loan out, or trade in as you see fit.

Simplicity Through Leasing

While a Chevy is great for those who desire long-term ownership, many people would rather not be tied down to long-term car loans in Greenville NC, which is where auto leasing comes in! In a Chevy lease agreement, you will still pay a down payment and monthly installments as you would in an auto loan agreement, and you sign a contract with our Greenville, NC Chevy dealership allowing you to drive the new vehicle of your choosing for a proposed set of months and miles. However, you might see a reduction in payment amounts as the ultimate goal of the Chevy lease agreement is not total ownership, so you are only paying a certain percentage in depreciation costs; think of leasing as a more long-term rental agreement. Your new Chevy vehicle will remain covered under warranty, as our lease agreements typically do not last for longer than the vehicle's warranty coverage, so that when your new Chevy model is in need of maintenance or repairs, our service center is just a short drive away from your Kinston home. Once the lease agreement is complete, and your leased Chevy is back in the same condition it was issued, simply bring your leased new Chevy back to our Greenville, NC Chevy dealership and you will be able to either lease a new vehicle or discuss options for total ownership, if you decide to change your mind for any reason.

Phelps Chevrolet is Here to Help

At Phelps Chevrolet, we want everyone to be able to afford the car of their dreams, while giving back to those who serve and strengthen our community. That's why we're proud to participate in Chevrolet Special offers! Chevy has special offers for educators, active and retired service members, first responders, and college students. And if you're shopping online, you can use our handy payment calculator for an estimated monthly payment. You can even use it to calculate your buying power with your trade-in.

Get Started Today!

Which one of these payment options is right for you? Well, it all depends on your needs, your budget, and which particular vehicle you are set on. Use our handy tools to receive pre-approval for an auto loan or lease agreement, then do not and do not hesitate to contact our sales or finance teams here at Phelps Chevrolet online or over the phone if you have any questions! Our Greenville, NC dealership is located less than 45 minutes outside of Washington and we look forward to meeting you!