Finance Terms You Should Know
Finance Terms you Should Know
Financing a new car or used vehicle can be tricky business, so it's important to know some basic terms. We want to make sure that you're well-informed when you buy your next GMC truck or SUV, so our GMC Finance Team is always happy to help answer any auto lease or loan questions you need answered. Feel free to contact us by phone, text, or chat anytime, or drop by the dealership in COCKEYSVILLE to meet our Auto Finance Center staff first-hand!
Lease
A lease is a type of financing offered for new GMC SUVs and trucks that allows you to enjoy a new GMC vehicle for two to three years for a low monthly payment and low down payment. Many Baltimore businesses and Towson drivers choose to lease a vehicle, as leased vehicles are always new, stylish, and under warranty since the term is so short. At the end of your lease, you can turn in your GMC for a new GMC lease or buy out your lease agreement and keep the vehicle.
Loan
A traditional auto loan or vehicle financing is essentially a payment plan for a new GMC SUV or truck or used vehicle. You'll make regular monthly payments on your new or used car, truck, SUV, or van until the full balanced is paid, at which point you will fully own the vehicle. Learn about the benefits of GMC Finance.
PreQualification
The PreQualification process allows you to apply for the new GMC lease, new GMC loan, or used auto loan you need before you've selected a vehicle. Using some basic contact, employment, and banking info, we can help you determine what loan amount and type is available before you start the car shopping process. You can get started immediately with our secure Finance PreQualification Form online. Regardless of your payment history, our Credit Approval Center is fully dedicated to helping you find the vehicle financing help you need at Anderson Buick GMC.