Explore Your Finance Options Near Waterford, MI
If you need a new vehicle but are overwhelmed by your finance options, we invite you to visit us at Lunghamer Auto Group where our team of experts can help make the process less intimidating. We're committed to finding the best financing terms for each client near Pontiac. We know everyone's circumstances are different, so we've made it our mission to offer automotive finance offerings to suit a variety of circumstances. Our team will listen to your story and assist you in accessing affordable loans and lease deals.
Financing Offers a Path to Ownership
When it comes to obtaining a new vehicle, many Lake Orion drivers first think of conventional financing. This credit option was once the standard for those who didn't wish to pay for their new car or truck with cash. This type of financing involves obtaining a loan for the cost of your purchase plus interest and other fees.
Often, a deposit is required to secure the loan, and this amount is deducted from the total. When choosing this financing method, you'll have a pre-determined amount of time to pay off the loan, resulting in monthly payments that make buying a new vehicle affordable for many.
¬Once you've paid off the loan, the vehicle will be yours free and clear. Car ownership is ideal for those who enjoy the freedom it offers. When you finance a vehicle, you are free to drive it unlimited miles without restriction. You can also make modifications and upgrades before it's paid off. You may even decide to sell or trade-in your vehicle early.
Benefits of Leasing Near Highland
Leasing is a newer approach to vehicle financing that offers a great deal of flexibility and appeal for a segment of shoppers. When you sign a lease, you're agreeing to make monthly payments to cover the depreciation that occurs while the vehicle is in your possession. You aren't paying with the goal of ownership. Instead, you'll enjoy lower payments for a fixed amount of time, usually around three years, then return your leased vehicle.
This is a great approach for drivers who are looking to save a significant amount of money, while still enjoying the ability to drive a brand new vehicle with the most up-to-date features. Not only will you pay a lot less, leasing can allow you to drive a car with far more features than your budget would allow if you were to opt for a conventional loan.
Another aspect of leasing that appeals to lots of folks is the ability to simply return the vehicle at the end of the lease term without the hassle of dealing with resale or trade-in. Leasing lets you get a brand new vehicle every few years with the features and amenities you desire, all at an affordable rate.
Apply for Financing
As you can see, there is no one-size-fits-all approach to vehicle financing. We work with a variety of lenders to match our Clarkston customers with the type of financing and terms that best suit their situation. To begin the process of securing your next vehicle, we invite you to apply for financing online at our website. This is a convenient and secure way to get things started. If you'd prefer to meet with a member of our finance team in person, visit us to discuss your finance needs. While here, you can view our entire inventory and test drive your favorite models. We can also value your trade-in if you have one. Have questions? Just give our showroom a call during business hours, and someone will be happy to assist you.