The Cole Century Pontiac Buick GMC Cadillac finance team is ready to go to work for you. No matter your credit history, our auto financing experts will try to find the auto loan or car lease option that works for you. At Cole Century Pontiac Buick GMC Cadillac we work with a network of financial institutions to get you the best possible rate on a car loan in the Portage, Battle Creek and Kalamazoo area. Let the staff at our Southern Michigan GM dealership make the process of buying a new car easy. Complete our online auto finance application and we will contact you shortly. Your financial information is digitally encrypted and is never sent through e-mail.
Have you picked out the new GM or used car in Portage, MI you are planning to purchase? You can browse Cole Century Pontiac Buick GMC Cadillac's current inventory online where you will find prices, pictures and details about all of the new GM cars and used cars, at our dealership. If you have additional questions contact us at (888) 407-9348.
6600 S. Westnedge Ave.
Portage, MI 49002pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.