Our Finance Department at College Park offers a wide array of General Motors Protection Plans and the largest repair network (over 7500 GM dealers) in Canada and the US. All of are plans plans are completely transferable if you sell or trade your vehicle with no charges. In addition to the GM Protection Plans all 2007 and newer GM vehicles come with a 160,000 KM POWERTRAIN warranty .
Worried that you have no credit or bad credit, let us set your mind at ease! At College Park Motors we have strong relationships with many financial institutions and we are determined to find you the perfect car and the perfect loan company to suit your car finance needs. Already got an existing loan-ask about our low rates. We can work with you to refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing! Ask for Alyssa or Donna Alward and they will do thier best to assist with all your questions with no pressure, thier goal is to help you make the best informed decisions to protect your driving investment needs.
Should I use my bank?
Get your loan from the financial establishment that offers you the best overall package of rate and benefits. Loan rates change constantly. Each UlmerAutoGroup location has a full-time person whose responsibility it is to be aware of different programs and rates available to the public to finance a vehicle purchase. Our Business Manager will give you those options so you can make the best decision for YOU.
Why do people lease new & used cars?
Lower monthly payment:
During a lease you do not pay for the residual value [residual is the buyout of the vehicle at the end of the lease] and as a result your monthly payments will be lower than if you financed the same vehicle. This means you can enjoy the same car for lower monthly payments or drive a more deluxe model for the same payment as a finance contract.
Lower cash down:
Although the amount of cash required at the beginning of a lease is dependent on your credit history, it is usually much lower than the 20 to 25% required when you purchase a vehicle and finance the balance.
Many vehicle loans are sixty months or more and most people keep their vehicle for most of the loan term. Many people choose to lease so they can move to a different vehicle every three years or 36 months. That van that's perfect for today may not be the right vehicle for a five year period.
UlmerAutoGroup leases are 'walkaway' leases. At the end of the term [provided you have kept within the km limits] you can walk away from the vehicle or purchase the vehicle. If the economy is such that your lease vehicle is not worth the buyout amount you simply walk away from the vehicle. On the other hand, if the vehicle has appreciated in value you have the option of purchasing the vehicle and taking advantage of an equity situation.
For business purposes:
For many small businesses the simplicity of writing off a lease payment far outweighs the complicated capital cost allowance calculations. In addition, a lease will normally NOT impact your ability to source operating lines of credit for your company.
Insist on Full Disclosure:
Regardless of your decision, insist on a "full disclosure" lease or loan where interest rates and all terms are clearly stated before you sign!
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