Ask The Experts: FAQ
Financing and Leasing FAQs
Questions about financing or leasing at Mann Chevrolet-GMC? Our team is here to help! Contact our Finance Center for more information. We've provided some FAQs to help you get started:
What's the difference between leasing and buying?
Financing or leasing are both great options if you want to avoid paying all at once for your vehicle and spread the payments out in monthly increments instead. With financing, you pay a monthly payment toward a loan, which is the full purchase price, interest, and other fees minus any down payment or trade-in you have. Once you've paid off the loan, you own the vehicle free and clear and can continue to drive payment-free or sell it at any time.
Leasing typically offers lower monthly payments, but it is essentially borrowing the vehicle for a set amount of time. At the end of a lease, you return the vehicle or have the option to buy or trade for a new one.
Is it better to lease or buy?
Determining whether leasing or buying is the better option is deeply personal and depends on your personal preferences and goals. Here are the benefits of each:
You should lease if:
- You want the lowest monthly payment possible without a down payment
- You only need a vehicle for a short amount of time
- You want to always drive a new vehicle
- You want to avoid high costs of maintenance or repairs
- You drive less than 15,000 miles annually
You should finance if:
- You want the freedom to sell or trade at any time
- You don't want mileage restrictions, or you drive more than 12,000 miles annually
- You want to be able to customize or personalize your vehicle
- You want to drive payment-free (after the loan is paid)
- You want to take advantage of special finance offers
Frequently Asked Questions
No. You typically need a good score to get the best rates, but we can work with any credit to build a deal that works for your finances.
Yes, leases are negotiable and flexible, starting as short as 24 months.
You can return the vehicle, buy it, or trade it for a newer model.
How Can We Help?
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MANN CHEVROLET-GMC
1648 W US HWY 421
DELPHI, IN 46923
- Sales: (765) 201-4692
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