Learn About Your Financing Options in Longview
So you've decided to buy a new or used vehicle but are now stuck with having to figure out financing. You are not alone. Picking out your next vehicle is fun and exciting, but when the time comes to figure out financing, many customers in Tyler, TX, are stuck with limited information or direction, but that is where our finance experts here at ORR CADILLAC GMC come in. We are here to help you understand the basics of vehicle financing, so you feel confident in your purchase.
Buying vs. Leasing
When financing your next vehicle, you'll have the option to either buy or lease. Here's what you need to know before you sign the papers.
Leasing
Think of leasing like renting a vehicle with no pressure to buy. If you love to drive the latest models with modern technology, then leasing is a great option. You can pick out any available new model to lease and drive it for up to five years. Short-term leases are also available.
During your lease duration, you'll pay a set amount each month until your contract is up; at this time, you'll have the option to pick out another vehicle to lease, leave the keys with us, and simply walk away or, if your lease allows it, you can buy the car to own and finish paying the difference.
A few key things to keep in mind if you are planning on leasing is a warranty does not typically cover major damages, there is a mileage limit, and you can't customize the car.
Buying
Buying is a great way to own a vehicle once you've paid it off. We will assist you in taking out an auto loan either through our dealership or a local bank in the Henderson, TX, or Kilgore areas. When you buy to own, you'll have the option to resell after everything is paid off; you can drive as far as you want and customize the car just how you like.
Apply for financing online today.
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ORR CADILLAC LONGVIEW
400 N Spur 63
Longview, TX 75601
- Sales: (903) 218-4767
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