Affordability

Tips and advice on the various options available.

The numerous financing, leasing and other payment options can be really confusing, so here are some tips to help you make the most of the process.

The best time to purchase a new car:

There are many good times and reasons to buy a car:

• there might be a great Chevrolet offer
• your current car is getting old and costing you a lot of money to repair
• you might have been saving up and can now go ahead

Whatever the reason, don't be caught without all the facts. Make sure you do your research and know all your options before you go to the dealership.

Researching available financing incentives

Find out if there are any special financing rates on the vehicle, or if there are any lease incentives currently in place. Once you find out about any available incentives, check the following:

• Special low-rate financing
• Cash-back offers
• Free insurance offers

Check out currently available Chevrolet offers

Choosing between low-rate finance and cash-back

Calculate your payment using both forms of incentives. That way, you can make a decision that's right for you-and your budget.

More about low-rate financing: deposits

Low-rate finance offers usually involve a deposit. It’s important to remember this, as the deposit, or down-payment can be as much as 40-50% of the total purchase price.

Here are some additional things to know about deposits:

• The higher the deposit you pay, the lower your monthly payments will be. Once you determine what you can afford monthly, you'll know how much you have to put down to get to that figure.
• Paying no deposit comes at a price: higher monthly payments
• Paying a high deposit reduces your monthly payment. But you have to find the money for the deposit.

Check out currently available Chevrolet offers

Free or low cost insurance as a purchase incentive

Insuring a car can be very expensive and so offers which involve either free or reduced-cost insurance can be very appealing. It’s really important to check the small print of offers like this to make sure that you are eligible and that you are not tied into expensive insurance once the offer period comes to an end.

Car tax, registration and license plates

Remember that you may also need to factor in road tax, registration or licence plate fees into the cost of your new car.
Ask your dealer about paying these fees in cash at delivery or if you can have the fees included in your finance contract or lease agreement. Remember though, if you choose to roll them into your agreement, your monthly payment will increase.

Find your nearest Chevrolet Dealer