Here at Rick Weaver Buick GMC, we believe the GMC finance process should be easy and accessible for everyone. The more you know about vehicle financing, the more confident you’ll feel about the next great ride. If you miss a truck payment, take a deep breath; we’ve got you covered there, too!
Make the Payment Right Away
The good news is that you have a grace period. Every financing company is different, but most grace periods will last about two weeks to a month. In that time, make it a priority to make your payment as soon as possible. The longer you go without making a payment, the more you’ll see a buildup of potential fees and other consequences.
Call Your Financing Company
If you’re worried about making a payment before repossession or late fees, consider calling the company that services the loan or lease. You may be able to renegotiate your payment plan to lower monthly payment costs or get an extension on the next payment. It’s helpful to do this as soon as possible to reduce the risk of costs building up.
Keep Up With Your Credit Score
Your credit score influences your vehicle financing options, and vehicle financing can impact your credit in return. Even a single missed payment can affect your credit score, so it’s a good idea to check your score throughout the process to know what to expect when it comes to future financing.
Regardless of your GMC vehicle test-driving or financing needs, Rick Weaver Buick GMC is here to help. Visit our dealership to pick out the perfect new or pre-owned vehicle and to get the support of our expert financing team today.
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