First drive: 2018 Chevy Equinox [Review] – LeftLaneNews

First drive: 2018 Chevy Equinox [Review] - LeftLaneNews

2018 Equinox puts Chevrolet back on top in the small Crossover category.  Why not test drive one today?  Call our Customer Care Team at 630-898-9630 and schedule your VIP appointment today.

Visit our website at www.WestphalChevy.com

Source: First drive: 2018 Chevy Equinox [Review] – LeftLaneNews

Chevy Versatility, Durability, Capability Top Comerica™ Park Fountain

Chevy Versatility, Durability, Capability Toper Comerica Park Fountain

Chevy Versatility, Durability, Capability Top Comerica™ Park Fountain

Chevrolet and the Detroit Tigers are celebrating Opening Day of the Major League Baseball (MLB) season by placing this year’s showcase vehicles a top the fountain at Comerica Park.

Thanks for reading the Ron Westphal Chevrolet Blog!  Visit our website at www.WestphalChevy.com

Source: Chevy Versatility, Durability, Capability Top Comerica™ Park Fountain

RST Special Edition Brings Street Look and Power to the New Chevrolet Tahoe and Suburban

Brings Street Look and Power to the New Chevrolet Tahoe and Suburban

RST Special Edition

Today, Chevy introduced a new special edition for the Tahoe and Suburban: the street-performance Rally Sport Truck, or RST. The Tahoe RST will also be available with a new Performance Package that includes a 420-hp, 6.2L V-8 engine; Magnetic Ride Control with performance calibration; and an all-new Hydra-Matic 10L80 10-speed automatic transmission.

Looking for a new RST Special Edition?  Call our Customer Care Team at 630-898-9630 for details.

FYI, GM just announced special incentives for April and if you’re looking for a full-size SUV you really need to put Chevy Suburban and Tahoe on your short list.  Due to a shortage of space, we’ve just reduced pricing on all our Tahoe and Suburban models.  This extra savings won’t last long so contact us today for the best value.

Source: RST Special Edition Brings Street Look and Power to the New Chevrolet Tahoe and Suburban

Amber invites you to Ron Westphal Chevrolet

Only a few days left ’til the end-of-the-month and we’re pulling out all the stops to put you behind the wheel of your dream Chevrolet.

Call our Customer Care Team now at 630-898-9630 for your VIP appointment.

Average Car Payment for 2016

What is the average new car payment today?

Get a new Chevy for well-under the 2016 average new car payment.
Ron Westphal Chevrolet offers new Chevrolet models for well below the 2016 average new car payment.

Well, according to Experian the average car loan has a payment of $495 per month.  That’s $13 more than last year.  CNBC puts the average new car payment at $503.  And, that’s the first time the an average auto payment is over $500.  No matter how you slice it, the payment is around the $500 mark.  2016’s used car payments average about $362.

Do you need to pay $500 to get a great car?

The simple answer is “No.” Ron Westphal Chevrolet offers a complete line-up of vehicles that offer payments well below the $500 average.  Even if you have no money down!*  And, don’t worry.  You don’t have to drive a tin can anymore.  Nearly all our new models offer ice-cold air conditioning, power windows, locks and mirrors, tilt and telescoping steering wheel, MyLink Color touch screens with bluetooth and 4G LTE WIFI and many more standard features..

Would you like to lower your current auto payment?  Call our Customer Care Team at 630-898-9630 or visit us online.

The average price for a vehicle loan continued to rise, with the typical amount for a used vehicle loan increasing from $18,866 in the third quarter of 2015 to a record high of $19,227. The average new vehicle loan for the quarter was $30,022, up $1,086 from the previous year.

The typical loan for a new vehicle was 68 months while a used vehicle loan had an average repayment period of 66 months; both were one month longer than the previous year. The average term of a new lease was 36 months, also one month longer than the third quarter of 2015.

*Car payments vary and depend on many factors such as model selected, credit history, term, downpayment and more.  Call our Customer Care Team at 630-898-9630 for details.

Is a GM Lease for you? 1 out of 3 say “Yes”

Is a GM Lease for you?

Did you know that nearly 30% of all vehicle sales are leases?

Is GM Leasing for you? Ron Westphal Chevrolet Aurora, IL
Is GM Leasing for you?

More people in the market for a new vehicle continued to gravitate toward a lease rather than a purchase, according to the credit bureau Experian’s auto financing report for the third quarter of 2016.

The report found that 29.49 percent of all new vehicles sold to drivers in the United States between July and September were leased. This share was up from 26.93 percent in the third quarter of 2015.

We’ve found at Ron Westphal Chevrolet that leasing has become more popular for a number of reasons.

1:  It’s Easy-Breezy.

In and out of our dealership in about 1 hour every 24 to 39 months.  Just turn in your current lease and select your next Chevrolet car, truck, van or suv.  Lease payments can often stay exactly the same as your current payment or in many cases…even decrease.

2:  Reap the Rewards.

GM consistently offers special Lease reductions for current lessees.  And, in most cases you can end your lease early with no penalty.*

3:  Always Drive a New Car.

Why not?  Enjoy lower maintenance costs and the dependability a newer vehicle offers.

4:  Equity Protection

What is Equity Protection you ask?  Well, it’s a known fact that you will never have negative equity, or be ‘upside-down’ at the end of your 24 -39 month lease.  This type of promise cannot be made with a traditional auto finance loan.  Many people are disappointed to find out their vehicle’s value at the end of 3 years is lower than their 60 month loan balance.  With a GM lease your obligation is over within 39 months or less and you are free to choose your next vehicle without having to roll-over any negative equity.**

*Typically, GM Lease Pull-Ahead is offered to all Chevy Lessees toward the end of their lease.  If you qualify for Lease Pull Ahead, GM will waive your last 3 to 4 payments.  You may also receive additional incentives to re-lease or purchase another GM vehicle.  Although Lease Pull-Ahead not guaranteed, it has been a consistent GM Lease Incentive program for many years.  Call our Customer Care Team at 630-898-9630 to find out more about GM’s Lease Pull Ahead.

**Providing you are within lease mileage limits and are turning in an un-damaged vehicle.

The average new car price in 2016

At Ron Westphal Chevrolet we're proud to be below average.
At Ron Westphal Chevrolet we’re proud to be below average.  2017 Chevy Spark’s MSRP is under $14,000.

$34,077 dollars.  Yikes.  That’s about twice what my folks paid for their first house.  Yessiree, the average new car price for 2016 now over $34,000.  And, Edmunds expects that to rise to over $35,00o for this year.

But, the average car loan amount finances was only $30,022 (according to Experian), which means most folks have some cash or trade-in equity to use as down payment.

What if you can’t afford $34,077?

No problem.  At Ron Westphal Chevrolet we’re proud to be below average! We offer many, many cars, trucks and SUV’s priced well below the 2016 average.  Some new 2017 models are selling for only $12,558* and come with full factory warranty.  Call our Customer Care Team now at 630-898-9630 to go over all your options. Or, find your new vehicle on our website at www.WestphalChevy.com.  

The average new car prices are up over 12% in only 5 years.

So what’s causing this? Edmunds believes the primary factor is growth in the light-duty truck market. It currently engulfs about 62 percent of the new-car market, and if you’ve ever been to a truck manufacturer’s site to play around with Build and Price tools, you’d know pickup trucks or an SUV can get expensive.  A new 2017 loaded Silverado Crew Cab LT 4×4 has a MSRP around $45,000+ but lease deals can put these trucks in the hands of those who may not be able to afford traditional financing.

Leasing gains in popularity

Almost 1/3 of new vehicle sales are leases.  If you think a brand new car, truck, van or suv is out of your budget-think again.  We may be able to get you behind the wheel of your ideal Chevrolet with no money out of your pocket and with a low monthly payment.  Call our Customer Care Team at 630-898-9630 for more information or drop by our showroom.

*Plus tax, license and fees.  Includes all incentives.

 

30 Day Tire Price Guarantee

Tire price guarantee at Ron Westphal Chevrolet in Aurora, IL.
Visit Ron Westphal Chevrolet in Aurora, IL.

30 Day Tire Price Guarantee at Ron Westphal Chevrolet.  Visit us today or schedule your appointment at 630-898-9630.

30 day tire price guarantee

With our 30 day tire price guarantee you have the peace of mind that you’ve received the best possible value.  Provide us with a better price at time of purchase and we’ll match it.  Find a better price within 30 days of purchase and we’ll refund the difference.  Ad, written estimate or internet quote for identical tires from a competing tire retailer located within 100 miles of Ron Westphal Chevy required during period of price match.

Quality Tires at a Great Value

Whether you’re in the market for repair or replacement, our Certified Service technicians can handle all of your tire needs. Use our Tire Finder Tool to start shopping for tires – simply enter your vehicle’s year, make, model, and tire size. Not sure about your tire size? It’s the combination of letters and numbers located on the side of your tire. Once you’ve selected the right set, schedule an appointment that’s convenient for you.

Your tires are the first and only contact with the road, so it’s important to choose the right set. Our Tire Finder tool makes it quick and easy to find tires for any vehicle. Use the drop-down menus to select your vehicle information and navigate your search. Once you’ve selected your new tires, the Certified Service expert technicians can handle all of your tire needs at your scheduled appointment—it’s that simple.

You are encouraged to routinely inspect your vehicle’s tire pressure because all tires will lose pressure progressively, during both warm and cold temperature months. The weather is not the only element that results in a decrease in pressure either. Altitude variations, flexing, and tire wall impacts will slowly decrease air pressure. The proper process for optimal tire care is to always inspect tire pressure each alternate visit to the gas station. With respect to tread depth, it’s recommended that you rotate your tires every alternate oil change to extend the life of your tires. Rotating your tires every 6 to 8 thousand miles will help maintain a level tread wear throughout the life span of the tire.

Feel free to visit our service department for a free tire pressure check or if you have any questions.  Thanks!

 

Auto Loan Credit Inquiries Explained

Learn how Auto Loan Credit Inquiries impact your credit report.

Explained: The difference between hard inquires and soft Auto Loan Inquiries
Explained: The difference between hard inquires and soft inquires

Did you know…FICO score considers all inquiries within a 45 day period for an auto loan as a single inquiry.

Ever wondered…Hey, what’s the difference between a hard inquiry and a soft inquiry on my credit report?

Well, here are some answers.

When someone checks your credit report, it’s called an inquiry. Some inquires do not affect your credit, while others might.

Soft Inquiries

Lenders do not see soft inquiries when they order your credit report. Soft inquiries include:

  • Pre-screened offers for credit (example:  free credit card offers)
  • Account reviews by your existing lenders
  • Requests related to employment
  • Requests for insurance purposes
  • When you request your own credit report

Hard Inquiries

Hard inquiries typically come from a lender or other creditor who wants to check your credit report as a result of your loan application or request for credit, goods or services. These inquiries are shared with other lenders viewing the report and can have an impact on credit scores and lending decisions.

Multiple Inquiries

One exception occurs when you are “shopping”.  FICO score considers all inquiries within a 45 day period for an auto loan as a single inquiry. You can avoid lowering your FICO Score by doing your all your serious auto hunting within a short period of time.

 

Looking for an Auto Loan?

We can help!

It’s common for Ron Westphal Chevrolet to submit your information to multiple lenders in an effort to find the lowest interest rate and most favorable loan terms. This practice allows you to benefit from lenders competing for your business.

Lenders recognize that shopping for only one car and does not mean you are trying to open multiple new accounts. Credit scoring systems have been designed to account for that practice and include rules such as counting the same type of inquiry as only one inquiry as long as they are made within a short period of time.

Call our Finance Department at 630-898-9630.  We will be happy to provide you with additional information in English or Spanish.  Or, visit our website.

What is the ‘FICO Score’

A FICO score is a type of credit score created by the Fair Isaac Corporation. Lenders use borrowers’ FICO scores along with other details on borrowers’ credit reports to assess credit risk and determine whether to extend credit. FICO scores take into account various factors in five areas to determine credit worthiness: payment history, current level of indebtedness, types of credit used, length of credit history and new credit accounts.

Source:  Experian.com and Fico.com

Read more: FICO Score Definition | Investopedia http://www.investopedia.com/terms/f/ficoscore.asp#ixzz4Vpp98X1I