Print

Financing

Finance vs. Lease

We offer a wide variety of financing and leasing plans to help make the purchase or lease of your next vehicle affordable and convenient. The decision to finance or lease depends on your driving habits, how you intend to use your vehicle and how often you like to change vehicles. Here are a few things to consider when deciding which is best for you.

Finance a Vehicle
 Lease a Vehicle
- Flexible terms- Flexible terms
- You own the vehicle - You enjoy a new vehicle more often
- No mileage limitations - You generally have lower monthly payments
- You can build equity - Mileage limitations
- Customize it the way you like- Option of purchasing or returning your vehicle at lease-end
- Enjoy your vehicle as you see fit, w/out worrying about excess wear and use - Opportunity to change your vehicle more often w/out worrying about resale value



Nick Trueaux, our new Finance Manager is enthusiastic and very easy to talk to. He brings a lot of experience with him and is a welcome addition to our group. Our Finance Department is aware that your vehicle purchase is one of the biggest investments you'll make, and we are prepared to review your financing options and assist you in making a wise decision.

Car Loans in Windham - Gates GMC Nissan

The finance department at Gates GMC Nissan will find the car loan or lease option that works best for you. Our finance staff has the expertise and financial resources to get you the best rate on a car loan in Windham and into your dream GMC and Nissan. We are here to make the process of buying a new or used car as simple as possible. Work with a finance specialist at Gates GMC Nissan and you'll be glad you did!

Get approved for a car loan in Windham right now by completing our secure online finance application. We will contact you as soon as one of our experts has reviewed your application.

While your waiting for credit approval take a moment to browse Gates GMC Nissan's online inventory and view your favorite new GMC, Nissan or used car. The staff at Gates GMC Nissan are always available to answer your questions about purchasing a vehicle or getting a car loan in Windham.

Contact Information
Submit

Financing Navigation

Contact Information

Gates GMC Nissan

143 Boston Post Road

North Windham, CT 06256
workSales:
860-456-0055
serviceService:
877-268-1055

pause

Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

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.

Tip!

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.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

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.