Finance Department
Finance Your Next Vehicle
Whether you're buying a new Chevrolet, a pre-owned vehicle, paying cash, arranging financing through your own lender or considering a lease, understanding your options can help you make a confident decision. At Jim Gauthier Chevrolet in Winnipeg, our Finance Team can help you understand the financing process, available options and the paperwork involved in your vehicle purchase.
Apply for Financing Calculate PaymentsHow Vehicle Financing Works
Vehicle financing allows you to borrow money from a lender to purchase a vehicle and repay the amount over an agreed term, plus applicable interest. Your vehicle price, down payment, interest rate, loan term and amount financed can all affect your payment.
Our Finance Team can help you understand the available options and guide you through the financing process from application to final paperwork.
Finance Through Us
Our Finance Team can help you explore financing options through our available lender network. Approval, interest rates and terms are determined by the applicable lender.
Lease
Leasing provides use of a vehicle for an agreed term and mileage allowance, with payments based on the lease agreement. Different options may be available when the lease term ends.
Pay Cash
Purchase your vehicle outright without financing. Paying cash means you don't need an auto loan, although there are still important purchase and registration costs to consider.
Your Own Financing
Arrange financing through your bank, credit union or another lender. Our team can work with the financing arrangement you choose as part of your vehicle purchase.
Our Finance Team Is Here to Help
Financing a vehicle involves more than choosing a monthly payment. The vehicle price, amount financed, down payment, interest rate and loan term can all affect the overall cost and payment structure.
Our Finance Managers will walk you through the final steps and make sure you understand what you're signing.
Compare two of the most common pathways:
Financing Vs LeasingUnderstanding Your Vehicle Payment
Your monthly vehicle payment depends on several factors. The purchase price, down payment, trade-in equity, amount financed, interest rate and loan term can all influence the payment.
A longer loan term may reduce the monthly payment, but can increase the total amount of interest paid over the life of the loan. A larger down payment can reduce the amount you need to finance. Use our payment calculator to explore different scenarios before you visit the dealership.
Calculate Your PaymentTrade-Ins, Down Payments & Equity
Your down payment and trade-in can both affect the amount you need to finance. A larger down payment reduces the amount financed, while the equity in your current vehicle may also be applied toward your next purchase.
If your vehicle is worth more than the amount you owe, you may have positive equity. If you owe more than the vehicle is worth, you may have negative equity. Understanding your vehicle's value and remaining loan balance can help you better understand your position before purchasing your next vehicle.
Value Your Trade Learn About Negative EquityCredit & Existing Loans
Your credit history can be one factor considered by a lender when determining whether financing is approved and what financing terms may be available. Every application is different, and financing approval and terms are determined by the lender.
If you have limited credit history, past credit challenges or an existing vehicle loan, our Finance Team can help you understand the resources available to you.
No or Low Credit
Learn about financing options if you have limited credit history or past credit challenges.
Learn More →Refinancing
Learn what refinancing means, how it can affect your loan and when it may be worth considering.
Learn More →Negative Equity
Understand what happens when you owe more than your vehicle is worth and how it can affect a future purchase.
Learn More →Programs & Special Pricing
You may qualify for special programs or pricing based on your profession, education, circumstances or eligibility.
Explore our available programs to see if one may apply to you. Program eligibility and terms vary.
Heroes
Learn MoreStudent & Graduate
Learn MoreWelcome to Canada
Learn MoreMobility
Learn MorePreferred Pricing
Learn More
Warranty & Protection
Your vehicle comes with manufacturer coverage, and additional warranty and protection products may be available depending on your vehicle and coverage selected.
View Warranty & ProtectionFinance Tools
Explore your options before you visit the dealership. These tools can help you prepare for your next vehicle purchase.
Apply for Financing
Start your secure financing application online and provide information to help our Finance Team begin the process.
Apply NowPayment Calculator
Estimate payments and explore different purchase scenarios by adjusting factors such as vehicle price, down payment and loan term.
Calculate PaymentsValue Your Trade
Find out what your current vehicle may be worth and use that information when considering your next purchase.
Value My TradeFrequently Asked Questions About Vehicle Financing
Find answers to common questions about financing, leasing, payments, credit and trade-ins.
How does vehicle financing work?
Vehicle financing allows you to borrow money from a lender to purchase a vehicle and repay the amount over an agreed term, plus applicable interest. The amount financed, interest rate, loan term and other factors can affect your payment.
What affects my monthly vehicle payment?
Your payment can be influenced by the vehicle price, down payment, trade-in equity, amount financed, interest rate and loan term. Use our payment calculator to explore different purchase scenarios.
What is the difference between leasing and financing?
Financing is generally structured toward purchasing the vehicle, while leasing provides use of a vehicle for an agreed term and mileage allowance under the lease agreement. The right option depends on your circumstances and preferences.
Compare Leasing & FinancingCan I finance a vehicle with limited or challenged credit?
Customers with limited credit history or past credit challenges may still have financing options available. Financing approval and terms are determined by the applicable lender and individual circumstances.
Learn About Credit OptionsCan I trade in a vehicle that I still owe money on?
Yes. The remaining balance on your existing vehicle loan is considered as part of the transaction. The amount of equity or negative equity can affect the amount that needs to be financed on your next vehicle.
Value Your TradeWhat is negative equity?
Negative equity occurs when the amount you owe on a vehicle is greater than its current value. Depending on the circumstances, negative equity can affect the financing required when purchasing another vehicle.
Learn About Negative EquityDoes a larger down payment lower my vehicle payment?
A larger down payment reduces the amount you need to finance, which can reduce the resulting payment. Your overall financing terms will depend on the applicable lender and agreement.
Should I use a payment calculator before applying for financing?
A payment calculator can help you explore different purchase scenarios and understand how changes to the vehicle price, down payment or loan term may affect an estimated payment.
Use the Payment CalculatorCan I refinance my existing vehicle loan?
Refinancing may be an option in some circumstances and involves replacing or restructuring an existing vehicle loan. Whether refinancing makes sense depends on your current loan, available rates, fees and individual circumstances.
Learn About RefinancingHave Questions About Your Financing Options?
Our Finance Managers are here to help you understand your options, answer your questions and guide you through the vehicle financing process.
