Finance Center

Shopping and researching is just the first part of getting a new or pre-owned vehicle. Once you’ve settled on the vehicle that suits your needs, you need to determine the most effective and efficient way to pay for it. At Raceway Chevrolet, the automotive finance department will be able to work with local banks and lending institutions to develop a selection of payment plans and loan packages that work within your means. No matter what your financial situation looks like, we will be able to work and determine the best way for you to drive off in the best vehicle for you.

What’s Best for Me, Buying or Leasing a Chevy?

If you find a new Chevrolet model that meets and even exceeds your expectations, there are a few options available to acquire the vehicle. If you are not planning on keeping the car for an extended period of time, and do not wish to own it outright, a lease may be the best option for you. With a lease, you make a down payment and then contribute a set amount each month for a set period of time determined by the dealership. There is a mileage cap that will result in an additional fee at the end of the lease if exceeded, and most maintenance will be performed complimentary by the dealership over the length of the contract. At the end of the lease, there will be a final inspection and then the car will be returned to the dealership so you can lease a newer model.

Maybe you want to keep the vehicle and own it for years to come. If your goal is to own the vehicle, there are three ways to go about it. The vehicle can be purchased outright, which is possible if you have the full amount available in cash. The finance team at Raceway Chevrolet can develop a payment plan where you give the dealership a monthly sum including principal and interest. The most common option is financing. After a down payment and trading in your current vehicle for cash, you’ll be able to figure out how much of the total cost of a new vehicle you will need to borrow from our dealership or a partnering bank. Monthly payments will be made towards your loan for a set amount of time, and once you are done paying it off, the vehicle will be completely yours to customize. Owning a car means you do not have to worry about mileage limits and you will be able to add any accessories you see fit. 

How Can I Figure Out How Much My Car is Worth?

If you have a vehicle already that you are looking to upgrade, you can trade it in or sell it to Raceway Chevrolet. In order to get an estimate of your vehicle’s value, our dealership offers a Kelley Blue Book Value Your Trade tool on our website. After filling in relevant information such as make, model, year, mileage and any customization you have made to the car, we will be able to generate an estimated trade value to be confirmed by an in-person appraisal at the dealership. Once you have a value, you can have it applied to the purchase of your new or pre-owned Chevrolet. 

Applying for Auto Credit in Bethlehem

Did you know that you can apply for a line of credit towards a vehicle purchase before even visiting our dealership? By filling out our simple online credit application, you can get pre-approved for the amount of your requested loan before your first test drive. Having pre-approval can help you in the car search by setting your budget ahead of time, narrowing down options out of your price range.