GMC Financing: Three Ways to Extend Your Down Payment
Are you anxious to get into a new vehicle but not ready to make the down payment? Typically, if you’re considering GMC financing for a new car, experts recommend you make a down payment of at least 20 percent. If that’s not something you want to do (or are prepared to do), these tips from McGuire Buick GMC can help.
Use Your Existing Vehicle as a Trade-in
Before pulling from your savings, consider using your existing vehicle as a trade-in. We are always interested in offering top-dollar for pre-owned vehicles and would love to buy yours from you. Then, you can apply the positive equity in your vehicle as a down payment on your new loan.
Consider a Pre-Owned Vehicle
Your down payment can go a lot further on a more affordable vehicle. If you have your heart set on a specific model, consider a Certified Pre-Owned or used GMC truck or SUV. We have an extensive selection of quality pre-owned vehicles, so you can be confident you’re still getting a car you can trust, but for less.
Opt for a Longer Term
A down payment is used to reduce the total cost you have to finance, in turn lowering your monthly car payments. We know a larger down payment isn’t always an option for everyone. If you’re interested in reducing your monthly payments, but can’t make a larger down payment, consider extending your loan length (term) instead.
Visit Our GMC Finance Center
Ready to get started and buy a GMC truck or SUV? Have more questions about the financing process or your down payment options? Whatever you need, our financial experts at McGuire Buick GMC are ready to help – come by to get started today!
Use Your Existing Vehicle as a Trade-in
Before pulling from your savings, consider using your existing vehicle as a trade-in. We are always interested in offering top-dollar for pre-owned vehicles and would love to buy yours from you. Then, you can apply the positive equity in your vehicle as a down payment on your new loan.
Consider a Pre-Owned Vehicle
Your down payment can go a lot further on a more affordable vehicle. If you have your heart set on a specific model, consider a Certified Pre-Owned or used GMC truck or SUV. We have an extensive selection of quality pre-owned vehicles, so you can be confident you’re still getting a car you can trust, but for less.
Opt for a Longer Term
A down payment is used to reduce the total cost you have to finance, in turn lowering your monthly car payments. We know a larger down payment isn’t always an option for everyone. If you’re interested in reducing your monthly payments, but can’t make a larger down payment, consider extending your loan length (term) instead.
Visit Our GMC Finance Center
Ready to get started and buy a GMC truck or SUV? Have more questions about the financing process or your down payment options? Whatever you need, our financial experts at McGuire Buick GMC are ready to help – come by to get started today!
