GMC Financing Tips: How to Budget for a New Vehicle

When it comes to GMC financing, there’s no team like Wilkinson Chevrolet GMC. We work hard to match drivers with the right vehicle at the right price, and we make it easy to finance new models with a range of tools and resources. Learn how to budget for your new car at Wilkinson Chevrolet GMC today.

Check Your Credit Score

Your credit score is one of the most important factors to consider when it comes to vehicle financing. It tells lenders how reliable you are to lend money to, which is why drivers with higher credit scores tend to have more favorable interest rates and term lengths. You want to check your credit score early on, so you know what vehicles will be available to you.

Consider Pre-Owned

One of the best ways to save on safe and capable vehicles is by purchasing pre-owned. When you buy a pre-owned car, you’ll have a lower down payment and smaller monthly payments, which means more vehicles will be available within your budget. You’ll also have a smaller rate of depreciation, meaning your vehicle will maintain more of its value if you plan to sell or trade-in down the line.

Trade-In Your Current Model

Trading in is a great way to reduce the amount of money you owe on the day of purchase. The value of the trade-in vehicle will go toward the down payment, so you likely won’t need any down payment at all. You’ll also save on sales tax since the value of the trade-in vehicle will be deducted before the sales tax is calculated on the new model.

Finance Your New GMC Vehicle in Sanford, NC

No matter what your vehicle financing needs might be, Wilkinson Chevrolet GMC is here to help. You can even begin vehicle financing right here on our website. Learn how to budget for your new GMC vehicle and take a test drive at our dealership today!

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