Finance Center

Get the Answers to Your Frequently Asked Questions About Auto Financing from the Team at O'Meara GMC

Auto financing can be one of the more complex topics in the automotive industry. Many folks often feel like they don't have the necessary information to make educated choices about their auto loans or lease agreements.

Financing FAQs

What is the Difference Between an Auto Loan and a Lease?

An auto loan is a financial solution that breaks down the entire cost of the vehicle into smaller, more manageable monthly payments. An interest rate is attached, and you pay over the course of a predetermined period of time.

Meanwhile, leasing is a financing solution where you only pay for the time you are using the vehicle. A lease also has mileage limitations and a set period of time in which you can drive the vehicle.

How Long is a Typical Lease Agreement?

A typical lease agreement tends to last anywhere from 24 months to 48 months.

What Are the New Vehicle Specials at O'Meara GMC?

New vehicle specials are a collection of financing offers and lease deals on new GMC models. Our dealership has a wide selection of new GMC vehicles. Some of the GMC trucks and SUVs you will see at our dealership.

• GMC Terrain
• GMC Acadia
• GMC Yukon
• GMC Canyon
• GMC Sierra 1500
• GMC Sierra 2500 HD
• GMC Sierra 3500 HD
• GMC Sierra EV
• GMC HUMMER EV

How is My Interest Rate Calculated?

Your interest rate is a reflection on the risk that a bank or credit union is taking on to lend you money. Essentially, the lower your credit score, the higher your interest rate. Meanwhile, if you have a good credit score, you expect to have attractive APRs.

What Kind of Auto Loan Terms Are Available?

The loan term for which you qualify will be dependent on your credit profile. In general, we often see loan terms that stretch across the spectrum, all the way up to 72 months.

Does O'Meara GMC Help Folks with Bad Credit?

Do you have bad credit? We know that it can feel frustrating when your credit score keeps you from getting assistance with your car buying process. The good news is that the finance professionals at O'Meara GMC will help anyone, regardless of credit score. You will be treated with respect and courtesy when you walk through our doors.

How Can I Tell What My Monthly Payment will Be When I Buy a New Vehicle?

Once again, O'Meara GMC is your resource when you want guidance through your car shopping experience. If you are wondering what your monthly payment will be when you shop with us, you can use our online payment calculator. It will provide you with your estimated payment when you enter in some information, like the vehicle's price, your expected interest rate, down payment, and term.

Can I Apply for Credit Online?

Customers can apply for financing online with our credit application. It gives you the opportunity to streamline your car buying process. All you need to do is supply your personal, income, and employment information. Once we get the form back, our finance team will work on getting you approved for your car loan or lease.

Contact Us

Do you have any other questions about auto financing? Contact the finance center at O'Meara GMC Dealership in Thornton, CO to get all of the answers to your questions today.