Why Take a Car Test Drive Before You Buy?

Bowman Chevrolet Dealership
Busy drivers sometimes wonder, “Why take a car test drive before you buy?” After all, many drivers think they know exactly what they want when they step onto the lot. But, you may be surprised when you’re behind the wheel! At Bowman Chevy, we have a few tips and tricks to make sure that you get the most out of your new car test drive – and find the perfect car for you!

Planning Your New Car Test Drive

By doing a little prep work ahead of time, you can save time at the dealership and get a better sense of what each vehicle brings to the table.

  • Research your options extensively and create a short list of your potential options. Don’t forget to consider your trade-in vehicle when setting your budget!
  • Plan a day to devote to test drives. You’ll want to compare each vehicle back-to-back, so you can spot the subtle differences between each model.
  • Try to bring a friend or family member along to catch things that you might miss. Plus, they can check out the passenger accommodations while you’re in the driver’s seat!
  • Consider checking out your top two vehicles in a nighttime test drive to evaluate the headlights and cabin illumination.

Getting Behind the Wheel

When you get to the dealership, let your sales rep know which vehicles are on your mind to streamline the process. They might even recommend models that you may have missed. After the keys are in your hand, take note of the following areas:

  • Comfort: How do the seats feel? Do you have enough space?
  • Technology: Can you sync your smartphone with the tech options onboard?
  • Performance: Do you feel comfortable on both city roads and highways? Try to park. Can you navigate easily?
  • Visibility: Can you see in every direction without strain? How is the blind spot?
  • Noise: Do you hear tons of road noise and wind noise, or is the cabin quiet?

Make some notes so you can compare each vehicle when you’re done for the day.

The Next Steps

Now that you know how to test drive a car and you’ve found the right model, what’s next? Find out what to do after buying a car with Bowman Chevy in Clarkston, near Detroit and Waterford. Still have questions? Contact us at any time!

 

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.

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!

Leasing vs. Purchasing

If you’re shopping for a vehicle, you may wonder about the benefits of leasing vs. purchasing. Which choice is the right one for you? There are many factors that could influence your decision. Keep reading as we explore the pros and cons—then get in touch with the expert team at Bowman Chevrolet to get a vehicle quote on the car that’s best for you!

Leasing

CalculatorIf you like having a new automobile and enjoying the latest features as they become available, leasing may be a good option for you. One of the key differences is that you only pay for the depreciation in value that will occur during the lease. When you purchase a car, you’re financing the total cost of the vehicle. As a result, lessees will generally have a lower monthly payment than those who finance a vehicle. At the conclusion of a lease term, you return the vehicle to the dealer and have no more responsibility. You are free to lease the new model of your choice.

The following are some of the benefits of leasing an automobile versus buying it:

  • Pay lower monthly payments.
  • Enjoy the very latest automotive amenities.
  • Experience a brand-new vehicle every few years.
  • Drivers have warranty coverage for the duration of the lease agreement.

There are also some drawbacks to leasing a vehicle:

  • If your mileage limit is exceeded, you must pay mileage overage penalties.
  • No equity accrues from your payments, since you are essentially renting the vehicle.
  • You can’t customize or alter the car in any permanent way. It must be returned to the dealer in original condition, aside from normal wear and tear.
  • At the end of your lease, you have no trade-in or resale options toward the lease of your next vehicle. You must come up with a new down payment.

Purchasing

When you finance a vehicle, you own it fully once you’ve finish making the required payments. If you want the benefits that come with outright ownership, financing is likely the best choice for you.

The following are some of the perks of financing a vehicle:

  • You’ll gain equity as you pay off the loan.
  • Enjoy total freedom to customize the vehicle.
  • You are not restricted in how many miles you can travel.
  • You have resale and trade-in options when you choose to get a different automobile.

Here are some of the drawbacks of financing:

  • A larger down payment is required.
  • Due to larger monthly payments, you may have to extend the number of loan years to get a payment plan that fits your budget.
  • Market changes can affect the value of your model over time, unlike a lease.

Let’s Get You on the Road

Visit the team at Bowman Chevrolet or contact us today to determine whether leasing or financing is the best option for you. You can also browse our vast inventory of high-quality models. Once you’ve found the vehicle you want, we’ll help you secure financing terms that fit into your budget. We look forward to working with you!

Buying a Car Should Be Fun!

Approved car loan application formRyan Hotchkiss, Business Manager, fears that many people don’t look to finance a vehicle because they are afraid of embarrassment or rejection. “Buying a car should be fun,” he says, and “anyone can qualify.” Most dealerships advertise that they can finance anyone, or that everyone is approved, but most people are unsure of what this means or do not think that they will meet the correct qualifications. The truth – Ryan says, is that “anyone can qualify; however, this may come with stipulations.” This means that a buyer may have to put money down on the vehicle, go for a longer-term loan, higher interest rate or finance a less expensive vehicle. There are many great options available and we work with a variety of banks and credit unions in order to make financing work for each individual and situation.

Shop your car – not your credit. Each time you take a test drive – you should not be filling out a credit application. Each time your credit is run it shows as an inquiry on your credit report. While this does not necessarily hurt your score, too many inquiries can cause your score to drop and will also raise red flags when trying to apply for credit. Vehicles are an investment, not just a purchase.  Ryan says to “drive as many cars as possible, educate yourself and know what you are looking for. We can find you exactly what you are looking for, so shop around and compare.” Many dealerships advertise that they can offer you guaranteed financing and will urge you to fill out a credit application for your test drive. Ryan advises against this. Shop around – but buy from someone you trust. The financing process is the same anywhere you go, new or used, so find the car you want and then search for a dealer that you trust. Ryan hopes that we can be that dealership for you, and with an inventory of 400+ new and 150+ used cars with plenty of variety, we hope to help you find exactly what you need  – and finance it at the price you want!

Connect with Ryan on LinkedIn!

See Ryan’s Interview on Independence Television