Conventional Financing
Most vehicles purchased today are financed conventionally. The balance remaining after cash, rebate and/or trade-in down payment is financed at a fixed annual percentage rate (APR) for a fixed number of months. You can opt to secure financing through your own sources or we can obtain financing for you from GMAC or one of our many lenders at competitive rates and terms.

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Cash Transaction
This simply means paying for your vehicle if full with no liens or encumbrances to be listed on the vehicle title. By paying cash you avoid the finance charges associated with conventional financing. However, the cash you use could also be positioned elsewhere to generate interest or investment income. Be sure to compare the cost of paying cash to the cost of financing your vehicle before making your decision.

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Lease
In recent years more people have chosen leasing over financing their new vehicle. This option is particularly attractive to individuals who like to replace their vehicles frequently. Monthly lease payments are made on the depreciation (the difference between the sale price and the lease end  or "residual" value) of the vehicle, as opposed to the full price, which often means lower monthly payments when compared to conventional financing. Also, GMAC offers "supported" lease programs that offer not only a low lease rate, but also an increased residual value, thereby lowering the monthly payment further.

Other benefits of leasing include: Shorter trade cycles, Free GAP Protection, lower monthly payments for a shorter term, more equipment for your payment and possible tax advantages if used for business, and elimination of negative trade equity risks.

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GMAC Smartbuy
A GMAC Smartbuy may be right for you if you like the benefits of leasing, but are uncomfortable with the lease concept. Although Smartbuy shares certain characteristics with leasing, such as annual mileage estimates, it is a retail contract. The finance term is generally shorter and the monthly payments lower than conventional financing.

A Smartbuy is a type of ?balloon? contract For example, a 36 month contract might read ?This contract calls for unequal payments as follows: 35 payments of $250.00 with a final payment of $10,000.00 due on???, the final payment being the ?balloon?. You have the option of purchasing the vehicle at the end of the 35 months, or returning it. If you purchase, you can also re-finance the balance through GMAC or a source of your choosing.

Our staff will be happy to assist you to determine which option is best for you.

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