The Chevrolet finance process might look a little different for college students and their co-signers, but Kerry Chevrolet is here to help every step of the way. We’re sharing everything you need to know about helping students finance, so they can drive off to school in the right vehicle at the right price.
Start With a Credit Check
Whether you’re purchasing your very first car or your fifth, it’s important to consider your credit score before you buy. The higher your credit score, the more favorable the terms available to you, which can be a little more complicated with new drivers, who have little to no credit history. Typically, parents will need to cosign for these loans to make them more accessible, in which case, you’ll need to check your credit score, as well as your student’s.
Consider the Cosigning Process
Cosigning is a process in which the secondary signer is responsible for payments if the primary loan holder doesn’t make them on time. You’ll typically cosign for someone who has either low credit or a limited credit history, like a new student. Cosigning can have a significant impact on your finances, however, so make sure to discuss with your student before signing.
Explore Student Discounts
Many automakers, including Chevrolet, offer competitive discounts for students and new graduates. The GM College Appreciation program offers college students and recent grads up to $500 off select vehicles. This can enable college students to pick out a vehicle they really like.
Start the Chevrolet Finance Journey in Alexandria, KY
No matter what your financing needs might be, you’ll have the support of Kerry Chevrolet. We provide the tools and resources to help college students and their parents finance with ease and peace of mind. Get started through our website or by calling today!
