Looking at Paying Cash or Financing Your New Malibu?
So, now that you have found the new Chevy Malibu you want, the hard part is over. Or is it? Many of our clients at Rick Hendrick Chevrolet Naples get to this point in the shopping process and feel stuck and don’t know what to do.
The good news is that we have put together a brief primer on the advantages of each approach to help you make a good decision. Our financial specialists can also sit down with you and review your individual situation in order to determine whether paying cash or financing is the best option.
Rest assured that no matter which way you go, our Chevy dealership serving the Estero and Ft. Myers, FL areas will make sure you get a great deal. Just take a look below at the information we have put together to help you decide whether to pay cash or finance your new Malibu.
Paying Cash For Your New Chevy Malibu
This one is a no-brainer to a certain extent. If you have the cash available to pay the full purchase price of a new Malibu, you’ll enjoy owning it free and clear with no obligation to fulfill monthly payments. That frees up monthly income to spend in other areas of your life. The possible disadvantage of paying cash for the total price of your new Chevy Malibu?
Well, in the event that a financial emergency comes along in your life, that tidy sum of money would probably come in pretty handy. Everyone’s financial situation is different and the price of the Malibu you are buying may vary.
The best solution?
Speak to one of our finance team members at Rick Hendrick Chevrolet Naples. They can give you advice on what might the best (and possibly safest) solution for your transaction.
Financing Your New Chevy Malibu
Many of our clients at our Florida Chevrolet dealership choose to finance the purchase of their new Chevy Malibu. Why? Well, it’s actually simple.
For starters, due to our franchisee relationship with General Motors, we can offer some of the most competitive interest rates at flexible terms. When you choose to finance a new Chevy with us, you’re going to get a great rate. You can also spread those payments out over a number of months or years to help manage your monthly expenditures.
In some cases, the factory also offers bonus cash for buyers who choose to finance with our dealership. That means not only are you getting a low interest rate, you’re getting additional savings to knock the price of your new Chevy Malibu down even lower.
There is also a third option that utilizes both approaches. You can take a certain amount of cash (not the entire purchase price) and use that amount as a down payment and then finance the balance of the remaining price. What’s the advantage of this?
For one, it allows you to keep a certain amount of cash on hand for any future financial emergencies. It also allows you to take advantage of the incredibly low interest rates that Rick Hendrick Chevrolet Naples offers to make your monthly payments even lower!
In some cases, you can even significantly limit the term of the finance loan so you can have it paid off quicker! It’s just another option we offer at our Chevrolet dealership located at 5665 N. Airport Pulling Road Naples FL 34109.