Leasing a Car: What Is It, and What Does It Mean?

Toy Car with Calculator and Cash Finance

As you shop around for your next vehicle, you may be debating the merits of leasing vs. buying a new car. However, at Bowman Chevy, we strive to make the car buying process as quick and easy as possible. If you’re considering leasing a vehicle around Waterford, dive into our leasing guide to learn more about the process and whether it is a good option for you. Then get in touch with our financing department to set up a personalized payment plan that meets your needs and budget.

What is a Lease?

Leasing is an affordable short-term version of financing. Leasing is often compared to a long-term car rental, but it’s different from renting. When leasing a vehicle, the lessee actually finances the vehicle for the value of the car over predetermined amount time, as opposed to the total value itself.

What are the Benefits of Leasing?

There are many benefits to leasing a vehicle, but perhaps the biggest draw is the prospect of driving a new car every three-or-more years. Another benefit is the cost of monthly payments. Lease payments are generally lower than financing payments, since lease payments cover the cost of a lessee’s designated time with the vehicle, rather than paying for the overall cost in the case of financing. Additionally, maintenance costs on a lease are often under warranty, so there are no added service charges should you need a tune-up.

Should I Lease my Vehicle?

This is often the toughest question to ask yourself when car shopping, but it really depends on your needs and preferences. Should you need assistance with calculating possible monthly payments, or have any other questions about leasing, you can always contact our financing department and speak to one of our experts.

Lease Your Vehicle at Bowman Chevy

If you’ve decided to lease, or are in search of your next new vehicle, choose Bowman Chevy in Clarkston! Enjoy an amazing new Chevy vehicle at an affordable price. We look forward to helping you find the perfect car for the perfect price.

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Bowman Chevy Offers Affordable Car Loans in Clarkston

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Have you been searching for affordable car loans in Clarkston? Look no further than Bowman Chevy. Our finance department will help you secure some of the most competitive rates in the area. We make it a top priority to take the hassle out of automotive financing, so you can quickly drive away in the vehicle of your dreams.

Apply Online

Before heading to the dealership, feel free to pre-qualify for financing at Bowman Chevy. Our no-obligation online form is secure and easy to fill out. Even if you have already applied for financing from a bank or other financial institution, we may be able to find you a lower interest rate.

Auto Financing Tips

Bowman Chevy makes finding affordable car loans in Clarkston a reality, but there are several auto financing tips that can help ensure that you are getting the best possible deal.

  • Know your credit score – Bowman Chevy provides shoppers with an online tool to estimate your credit score. The better your score, the lower your interest rate will be. There are many ways to boost your credit score, such as paying bills on time and eliminating credit card balances.
  • Keep terms as short as you can afford – Although a shorter loan term means higher monthly payments, it also means you will pay less in interest. This will save you money over time.
  • Put 20 percent down if you can – A significant down payment can make a big difference when it comes to saving money on auto financing. If possible, aim to make a down payment of at least 20 percent.

Visit Bowman Chevy Today

When you are searching for affordable car loans in Clarkston, there is no reason to go anywhere else than Bowman Chevy. From our competitive rates to our dedicated staff, we strive to make the car shopping experience as quick and convenient as possible. Contact us today for more information.

Looking for Car Deals in Michigan?

Bowman Chevrolet Dealership

If you’re looking for car deals in Michigan, your search just got a lot easier! At Bowman Chevrolet, we boast an expansive inventory of new and used models, and our staff is completely focused on finding you the right car for your needs and budget. We know you’re busy, so we’ve chosen some extra-attractive options for you. All you have to do is check them out:

New 2017 Chevy Cruze LT

This dynamic new Chevy Cruze LT impresses on every level, starting with its spacious seating and smoking hot fuel economy of EPA-estimated 40 MPG highway and 30 MPG city. This Cruze is jam-packed with cutting-edge technology, including Bluetooth integration for your smartphone, a seven-inch color touchscreen with Chevy MyLink, SiriusXM satellite radio, and wait for it… a built in Wi-Fi hotspot! OnStar Navigation will keep you on track, and other treats like heated front seats, power heated mirrors, keyless entry, and remote start will spoil you rotten! Pick up this Graphite Metallic Cruze for just $18,780!

New 2017 Chevy Silverado 1500

The Silverado is an all-time favorite, and this crew cab, short box, four-wheel drive LT All Star Edition is made just for you! Stunning in Summit White with a Jet Black interior and 18-inch bright machined aluminum wheels, this beauty is also a beast, with its Ecotec3 5.3L V8 Flex Fuel engine that belts out 355 hp and 383 lb-ft of torque. Comforts like heated front seats and power heated mirrors will come in handy during tough Michigan winters, and you’ll love the eight-inch touchscreen, rear vision camera, and OnStar Navigation. Snap up this Silverado for $38,106!

Used 2016 Chevy Equinox LT

If the value of a used vehicle is more your speed, this 2016 Chevy Equinox with only 15,441 miles on the odometer is it. A safe, spacious family SUV, this Equinox features split rear folding seating, a rear backup camera, USB port, and Bluetooth. Automatic temperature control, heated seats, and remote start are also included. This Equinox also has an EPA mileage rating of 32 MPG highway and 22 MPG city, so you can hit the road without spending a lot of money on gas. Priced at only $18,754, this Equinox delivers real value!

Up Next: Test Drives

Bowman Chevy has some of the most compelling car deals in Michigan, and we top that off with the pride of customer service. We love the process – answering your questions, working out financing, and helping find just the right cars for our clients! Don’t delay! Contact Bowman Chevy today!

Buyer’s Guide: How to Find Used Pickup Trucks in Michigan

CHEVYBRND198If you’re looking for affordable pickup trucks in Michigan that don’t skimp on quality, then Bowman Chevy is the place to be. Not only do we offer an incredible new truck inventory that’s filled with some of the most popular models around, but we also have amazing service and finance departments to take care of your every auto need. If you’re still on the fence about your potential purchase, let us walk you through some of the reasons that our customers choose used pickups over any other vehicles on the lot.

Why Choose a Pickup Truck?

Pickup trucks are ideal for a place like Michigan. Whether you want a vehicle for outdoor adventures or heavy hauling, the pickup is a versatile and powerful choice. While trucks of the past were known more for practicality than luxury, the modern truck will surprise you with its sophistication! Here are some of our top reasons to try our used pickup trucks in Michigan:

  • Pickup trucks are perfect for any forecast. While your sedan may struggle through the winter blizzards, trucks won’t miss a beat. Opt for four-wheel drive to make the most of your truck’s power.
  • There are few vehicles that can compete with the towing and hauling power of a pickup. Pack the bed with equipment or add a trailer to carry huge cargo without a hassle.
  • Modern trucks are also equipped with the same advanced safety and high-tech conveniences of your typical SUV or sedan. You’ll get the best of both worlds!

Why Buy Used?

Now that you’ve settled on a pickup, why should you opt for a used model instead of a brand new truck? The choice is up to you, but used pickups offer an amazing value. These vehicles were built for the long haul, so even a truck with a few miles on the odometer will perform like a champ. Plus, you can get a dynamite deal. Not only is the sticker price lower than a new model, but insurance and registration fees are typically a bit cheaper as well.

Try a New Truck Today!

Bowman Chevy has the used pickup trucks that Michigan drivers want, so don’t miss out on your chance to find your perfect pickup! Contact us online for more information about our stock or set up your test drive today. We look forward to working with you!

How to Lease With Bad Credit

Key from car and the calculator on money.If you’re struggling with your credit situation, leasing instead of buying a car may be an appealing solution. But are you wondering how to lease with bad credit? It’s not going to be easy, but it’s often worth the effort because of leasing’s short terms and low monthly payments. Here’s how to begin:

Your Leasing Game Plan

Forget the idea of a luxury car and start looking at more affordable options, no matter what you think you can handle. Less expensive cars will have lower monthly payments and will be easier to finance. If you can be flexible with your timing, look for your new car at the end of the year when dealers are trying to move out their inventory. Go into the dealership prepared with a copy of your credit report. That way you avoid running multiple credit checks, which can ding your credit. Also, take proof of income that shows you can afford the new lease – several months of pay stubs that prove that you’ll be able to make payments.

Get Creative

If you’re having trouble getting approved for a lease, consider taking over an existing unfinished lease. You’ll still have to meet the original financing company’s credit requirements, but it will often be easier to qualify in this type of situation. You can also look at putting down a larger down payment or pre-paying several months of the lease in order to have an easier time qualifying for the loan. Or, if a family member with good credit is willing to co-sign your loan, you’ll easily get approved for financing. Just remember, that person is on the hook for the loan if you can’t make your payments.

Your Leasing Expert

If you have bad credit and want to lease a new or pre-owned vehicle, Bowman Chevy is your ultimate destination. We’re truly experts in coming up with the best financing solutions for each individual situation. Spend some time looking at our inventory and see what might work for you, and then contact us for a test drive. Our leasing team will spend all the time we need reviewing your credit and getting you into the right vehicle. Don’t wait to make this important decision! Contact us today!