What Financial Services Are Available Besides Buy & Lease? | Crittenden KY | Lexington & Cincinnati

Learn More About Financial Services

Buying and leasing are the basics of car ownership, but there is more to auto financing. Dealerships and manufacturers frequently offer a variety of programs and services that help with the future care and maintenance of your vehicle, or to help you financially down the road. Keep reading below to learn a few of these initiatives.

Manufacturer Rebates

Vehicle manufacturers often give rebates toward the purchase or lease of a car. College graduates and military personnel and veterans are among the most common recipients as an appreciative gesture for the work they’ve done.

Extended Warranties

An extended warranty picks up on repair coverage for your vehicle for a designated number of years after the original manufacturer’s warranty expires. The manufacturer’s warranty expires when you reach either a specified mileage on the vehicle, or have it for a number of years. However, an extended warranty often needs to be purchased before the manufacturer’s warranty expires, and if you can buy one afterward it is often more expensive.

Filling Your GAPs

Your primary auto insurance may not be enough to cover the cost to you if your vehicle is declared a total loss due to circumstances like accident or theft. The settlement is often based on the car’s market value, which may be less than the balance owed on your finance or lease contract. This is where GAP—guaranteed auto protection—insurance comes in. GAP helps to cover the remaining balance that may be left over after settlement with your auto insurance.

Trade-In Values

If you’re interested in trading in your current vehicle toward purchasing or leasing another one, many dealerships offer quick estimates. Some will even add a bonus amount to your estimate just for choosing to do business with them.

It’s always best for you to know as much as you can about the options available to you regarding auto financing. From buying and leasing to special services and programs, there are several choices to consider when acquiring and maintaining a vehicle. If you’re interested in learning more about the financial services provided at Marshall Chrysler Dodge Jeep Ram, contact us today or stop by our dealership at 140 Spears Ln, Crittenden, KY 41030. We look forward to serving our customers near Lexington and Cincinnati.

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