What Financial Services Are Available Besides Buy & Lease? | Draper UT | Serving Salt Lake City & Orem

Learn More About Financial Services in Draper, UT

The financing department at car dealerships obviously can help you find affordable loan and lease payments, but do you know what else they can do? A lot of customers don't, and that's why we've laid those extra services out for you below. Keep reading to learn more about what you and your financing professional can talk about when you come into our dealership!

Manufacturer Rebates

Vehicle manufacturers often provide rebates toward the purchase or lease of a vehicle. 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 maintains 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 your expenses 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 to purchase or lease 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 your available options 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 Karl Malone Toyota, contact us today or stop by our dealership at 11453 S Lone Peak Pkwy Draper, UT 84020 for a test-drive. We look forward to serving customers from Salt Lake City and Orem.