FAQ

Do you Offer Financing?

Yes, we do offer financing! In fact, financing is the most popular option when customers purchase a vehicle from Birchwood Chevrolet.

Financing entails making bi-weekly or monthly payments over a set period of time to pay for the vehicle. Most vehicle buyers prefer this method of payment over paying for the whole cost of the vehicle at once.

The payments for financing increases or decreases depending on the price of the vehicle of interest. Additionally, the length of the term can increase or decrease payments when financing.

Financing is available on all vehicles at Birchwood Chevrolet, including pre-owned vehicles!

What is Leasing? and is it right for me?

Benefits of Leasing:
- Lease terms are shorter than financing, so you can drive a new vehicle more often!
- You can drive a more luxurious model or get more features for the same price as financing!
- You only pay taxes on your monthly payment!
- You are only paying for the portion of the vehicle you use!

Leasing is one of the many ways to purchase a vehicle, and is a popular option for many customers. Many customers prefer leasing because of the flexibility it gives them while owning a vehicle.

The first key to leasing is to understand what a residual is, and how it affects you. Residual is an agreed upon amount a vehicle is worth at the end of a lease contract. The residual on General Motors vehicles is set by GM and cannot change during a lease contract. The residual value on a vehicle is set between 40-50% of the sale price of a new vehicle. For example the residual on a $40,000 vehicle would be roughly $20,000 at the end of a lease contract. The residual amount can change depending on contract length and kilometers agreed upon.

The next part of a lease contract is term length. Lease contracts through General Motors range from 2-5 years, with the maximum lease being 5 years. In addition to lease length, there is also emphasis on the number of kilometers driven during a lease. Most lease contracts are built with an allowance of either 20,000 or 24,000 kilometers per year, which is above the average number of kilometers driven by Canadians in a year. However, if you drive more than 24,000 kilometers per year you can purchase additional kilometers when negotiating your lease contract.

The monthly or bi-weekly payments in a lease are calculated by taking the selling price of the vehicle minus the agreed upon residual. In our example from before, the selling price was $40,000 and the residual was set at $20,000. This would mean that your payments are calculated by taking $40,000 minus $20,000 which equals $20,000. This $20,000 is then paid off during your term length (from 2-5 years) in monthly, or bi-weekly payments. There is also an additional cost of tax on each payment. However, the tax is on your monthly payments, and not the entire cost of vehicle, like it is when financing.

Once in a lease contract you have full use of your vehicle, and can use it as you would any other vehicle. At the end of your lease term you have options. The most common option is to return your vehicle to the dealership at the end of your contract. Once returned you have the freedom to lease, finance, or pay cash for another vehicle. If you want to continue to use the vehicle you have been leasing, and wish to own the vehicle, you can finance the remaining amount of the lease (the residual). The financing of the residual is broken down into monthly or bi-weekly payments over a set number of months.

For more information on leasing and why it might be right for you, book an appointment with one of our sales advisors today at 888-857-5597!

Leasing vs. Financing

Leasing and financing are by far the two most common ways to purchase a vehicle, but which one is right for you? There are many things to consider when deciding whether to lease or finance your next vehicle.


First, it is important to understand the difference between leasing and financing. Please review our articles on leasing and financing if you still have questions, or are uncertain what the two forms of payment entail.


Second, it is important to understand what equity is, and how it affects you. There is equity in every vehicle you own in your life time, whether it is positive or negative equity. Negative equity is when you owe more than what the vehicle is worth. Positive equity is when your vehicle is worth more than what you owe on it. For a more detailed explanation please see our full explanation of equity in FAQs.


The most important question to ask yourself when choosing between leasing or financing, is how long do you plan on owning your next vehicle for? The easiest guideline to follow is the 6 year rule.


If you plan on getting a new vehicle or upgrading vehicles in 5 or less years then leasing is probably the right option for you. When leasing a vehicle, contracts can be built into 2, 3, 4, or 5 year terms, so you can upgrade when you think you'll need to. At the end of a lease contract you have no negative equity in the vehicle, so you can enter a new contract without having to pay additional fees. If you were to try to upgrade to a new vehicle after 2-5 years into a finance contract, you will have large amounts of negative equity. This negative equity would

increase the payments on your new vehicle significantly.


On the other hand, if you plan on owning your vehicle for 6 or more years financing is probably the right option for you. Generally, after 6 years you have paid enough on your contract that you have positive equity in your vehicle. If you try to upgrade vehicles after 6 or more years into a finance contact your positive equity will lower your payments on a new vehicle. Additionally, the maximum length for a lease term is 5 years. If you plan to own the vehicle for more than 5 years financing is the only option for you.


The next question to ask yourself is how many kilometers do you drive a year?
Lease contracts include a limit on how many kilometers you can drive a year. GM lease contracts are built with either a 20,000 or 24,000 kilometer limit per year, with the option of additional kilometers being purchased at the time of sale. If you drive less than 24,000 kilometers a year than a lease is probably right for you.


If you drive more than 24,000 kilometers per year, than financing is probably the right option for your next vehicle.
The final question regarding financing versus leasing is what type of vehicle do you wish to purchase? Unfortunately, leasing is only available on new vehicles, and not pre-owned. However, financing is a great option when purchasing a pre-owned vehicle.


For more information about leasing and financing, and which option is right for you, call one of our sales advisors today at 888-857-5597!

Leasing vs. Buying

Do You Know the Difference Between Leasing and Buying?

When you're in the market for a new car or truck one of the first decisions you face is whether to buy or lease. While buying or leasing each have their own advantages, there are important differences you should consider before going to the showroom.

Buy or Lease?
There isn't a right answer to the question of which is better: buying or leasing. The decision to buy or to lease depends on your individual circumstances now and in the future. It's important to consider your own driving needs and requirements. For example, how many miles will you drive annually? Do you tend to be hard on your vehicles? Do you tend to keep your vehicles until they can't be driven anymore, or are you a "I need a new vehicle every few years" type?The bottom line is that it's important to do your homework and understand the key differences between buying and leasing, so you can apply your knowledge to your personal situation. To help get you started, AWARE reminds you of the major ways buying and leasing differ.Ownership
One of the biggest differences between leasing and buying is who owns the vehicle. A lease gives you the right to use the vehicle for an agreed upon period of time, often with certain conditions in place (see "Mileage" below, for example). Since you don't own the vehicle, however, you have to return the car or truck at the end of the lease period unless you choose to buy it. Most leases will have a purchase option before or after lease end, but there may be certain conditions for exercising that option. Remember that at the end of the lease term, you may have a new payment to consider: to finance the vehicle if you choose to buy it or to lease or purchase another car or truck.

When you buy a vehicle with cash, you receive immediate ownership of the vehicle. When financing, you build up equity over time and receive full ownership of the vehicle when it is paid in full. Once you have full ownership, you may choose to sell it, trade it or keep it. Up Front Costs - Both leasing and buying have up front costs. For a lease, you may be asked to include the first month's payment, a security deposit, a capitalized cost reduction (like a down payment), taxes, registration and other fees, and other charges. When you buy, typical costs include the cash price or a down payment, taxes, registration fees and other charges.
Do You Know the Difference Between Leasing and Buying?
Monthly lease payments are usually lower than monthly financing payments because you are paying only for the vehicle's depreciation during the lease term, plus rent charges and other fees. If you finance, your monthly payments are usually higher than a monthly lease payment because you are paying for the entire purchase price of the vehicle, including interest, other finance charges and taxes.
Early Termination
If you end your lease early, you are responsible for any early termination charges that exist in your contract. If you finance the vehicle and choose to pay it off early, you will be responsible for the payoff amount.Mileage
It's important to assess your driving needs when considering whether to lease or buy. Most leases limit the number of miles you may drive (often 12,000-15,000 per year). You can negotiate a higher mileage limit and pay a higher monthly payment. You will likely have to pay charges for exceeding the limit if you return the vehicle. When you buy a vehicle, you can drive it for as many miles as you want. But remember, higher mileage will reduce the vehicle's trade-in or resale value.
Wear and Tear
Most leases limit wear to the vehicle. You will likely have to pay extra charges for exceeding those limits if you return the vehicle. There are no limits or charges for excessive wear when you a buy a vehicle. But take note that excessive wear will lower the vehicle's trade-in or resale value.

Equity

Every vehicle you own has some kind of equity in it. It is important to understand which type of equity you have and how it affects you.Equity is calculated by taking the amount your vehicle is worth minus what you owe. There are two types of equity, positive equity, and negative equity, and both affect you differently.

The first is negative equity, and is quite common in the first few years of a finance term. Negative equity is created when you owe more than the vehicle is worth. For example there is an SUV that is worth $20,000, but the owner owes $25,000 on their finance contract. In this example they would have -$5,000 equity in their vehicle. This equity only affects them when they try to upgrade to a new vehicle. When creating a contract on a new vehicle this negative equity has to be added to the new contract. This causes their payments to increase, or their contract to be for a longer term than they previously had.

Inversely, a car owner may have positive equity. Positive equity is seen near the end of finance contracts, or when the customer owns the vehicle outright. It is calculated the same way as negative equity. For example, another customer owns a car worth $10,000 and owes $0 on it. In this case the customer has +$10,000 equity. This amount is now subtracted from the contracted when they get a new vehicle. This decreases the payments on a new vehicle, or shortens the term length.

When looking to get into a new vehicle it is important you know which type of equity you have in your current vehicle and how it will affect your new contract.

Call us today at 888-857-5597 to find out what type of equity you have in your vehicle, and what we can do for you!

Amazon Alexa Can Start Chevrolet Vehicles

General Motors of Canada becomes the first automaker in Canada to enable Amazon Alexa Skills. Drivers of most Chevrolet, Buick, GMC, or Cadillac vehicles built in model year 2011 or newer will be eligible to set up the Amazon Alexa Skill. It lets you ask Alexa to start your car for you to run the AC or help it warm up in the winter.

Procedure:

It's a pretty simple process. If you have an Alexa-enabled device in your home, you're probably already familiar with the process to add a skill. If not, you add the skill using a smartphone app. Then link it to your vehicle using your GM owner centre username. Then set up a pin to protect access.
You can use Amazon's Alexa voice service to control some of your vehicle's functions remotely. All you need to get started is an Amazon Alexa device, a select connected vehicle service plan and your Chevrolet Owner Center credentials.

Set-up Instructions:

1. Open the Alexa mobile app on your smartphone
2. Enable and account link the myChevrolet skill with your Chevrolet Owner Center username and password
3. Set a PIN to help protect access to certain features when using the skill

Example Utterances:

"Alexa, ask Chevrolet to start my car."
"Alexa, ask Chevrolet to lock my car."
"Alexa, ask Chevrolet what vehicles are on my account?"

The service is offered at no extra cost to customers who already have remote key fob services activated through their myChevrolet, myBuick, myGMC or myCadillac mobile app.

2018 Sierra vs. Silverado

GM is known for providing some of the best trucks on the market: the 2018 GMC Sierra and the 2018 Chevrolet Silverado. Both trucks are packed with some of the best features and options money can buy. We've broken it down into three categories to make it easy for you to compare.


What's the Same

While the 2018 GMC Sierra and the 2018 Chevrolet Silverado have different badges, they share a lot of the same architecture such as having the same base engines and performance, warranty coverage, cab configurations.

The 2018 Chevrolet Silverado and the 2018 GMC Sierra are both extremely powerful trucks when it comes towing. Both trucks have the towing capacity of 12,500 pounds or 5,670 kilograms! That's enough power to tow an elephant!


What's Different The 2018 GMC Sierra and the 2018 Chevrolet Silverado have their differences, however. For example, the 2018 Silverado is available in six trim options and the 2018 Sierra only has four trim options. The 2018 Chevrolet Silverado has four engine options while the 2018 GMC Sierra only has three. The 2018 Sierra does have some features that the 2018 Silverado doesn't have. For example, the 2018 GMC Sierra has an AUX audio input, as well as a different gear ratio.

Each truck has a different base price with the 2018 Chevy Silverado starting at $30,435 and the 2018 GMC Sierra starting at $31,480.

In conclusion, both trucks are the best on the market at this time, and don't just take our word for it! Schedule a test drive here (attach link) and see for yourself!

2018 Chevrolet Silverado Overview

For 100 years, Chevy trucks have been part of the Canadian Dream and the Chevrolet Silverado is one of the best trucks money can buy. Additionally, the 2018 Chevrolet Silverado model upgrades only make it better.
Some of the new features include:
- 6-speaker audio system as standard across all trim levels.
- Rear Vision Camera as standard on all models.
- New Tire Fill Alert System.
- Custom edition is now offered on the crew cab.
- Additional Exterior colors: Cajun Red Metallic and Havana Metallic.
- MyLink 7-inch radio system now standard on WT model.

Interior
The 2018 Silverado offers a quiet and comfortable cabin, controls within reach and right where you need them, and avaible 110V power outlets insure that you've got everything you need, no matter where you go.

Performance
Featuring a robust lineup of EcoTec3 Engines, the 2018 Chevrolet Silverado utilizes fuel-saving technologies for incredible fuel economy while maintaining phenomenal power and performance. We don't mean to brag, but the 2018 Chevy Silverado does feature best in class towing at 12,500 lbs.

Exterior
The Chevy Silverado has always looked good, but why not choose from one of 10 custom special edition lines that ensure that you stand out from the crowd. Some of the packages are: Black Out, Special Ops, Rally 1, Rally 2, Redline, Midnight, Realtree, High Desert, All Star, and Texas editions.


Safety
The 2018 Chevrolet Silverado 1500 offers a number of available advanced safety features like Low Speed Forward Automatic Braking to help prevent a potential collision. In the event of an impact, a safety cage made of high-strength steel surrounds the occupants, while available OnStar(r) Automatic Crash Response20 can alert an OnStar advisor to dispatch emergency assistance on your behalf.

Tech
The 2018 Chevrolet Silverado 1500 is as smart as it is strong, offering state-of-the-art available technologies to keep you connected like OnStar 4G LTE with built-in Wi-Fi hotspot,wireless charging and Chevrolet MyLink with a 7-inch or available 8-inch diagonal colour touch-screen display.
Don't just take our word for it. Come down and see why the 2018 Chevrolet Silverado's is one of the best trucks around. View our inventory of 2018 Chevrolet Silverado's here.

2018 GMC Sierra Overview
The 2018 GMC Sierra is one of the best trucks money can buy. Additionally, the 2018 GMC Sierra model upgrades only make it better.
Some of the new features include:
- 6-speaker audio system as standard across all trim levels.
- Rear Vision Camera as standard on all models.
- New Tire Fill Alert System.
- Introduction of a Performance Front Brake Kit.

Exterior
The 2018 Sierra's expertly crafted body and premium appointments form a striking appearance. The front appearance with stunning GMC Signature LED lighting and available features such as High Performance LED headlamps, LED tail lamps, and Thin Profile LED fog lamps further its bold and advanced design.
Featuring a distinct design, advanced lighting, and three available bed options, you can't go wrong with the 2018 GMC Sierra.

Interior
The interior of the 2018 GMC Sierra comes with a higher standar of comfort, and exceptionally quiet cabin, and made from only the finest materials.
One look inside the 2018 GMC Sierra 1500 pickup and you'll see we've elevated the standard for truck interiors. With premium available materials, like the soft-touch instrument panel with real aluminum trim, available technologies like OnStar 4G LTE with built-in Wi-Fi hotspot, superior comfort, and advanced safety features, the Sierra's crafted interior is the complete package.

Capability
With innovative trailering technologies and powerful engine options, the GMC Sierra 1500 is designed to do the work you need to get done, and to do so with ease.The 2018 GMC Sierra is a great truck that is loaded with options, and is guarenteed to handle any job you throw at it.
Don't just take our word for it. Come down and see why the 2018 GMC Sierra's ais one of the best trucks around.

2018 Chevrolet Equinox Overview
Have you ever wondered what it's like to have it all? The next-generation 2018 Chevrolet Equinox was designed with your needs and wants in mind featuring standard front heated seats and a remote vehicle starter system to help take the chill off Canadian winters. From style and technology to performance and safety, this versatile crossover is the complete package.
The 2018 Chevrolet Equinox has been completely overhauled and redesigned for the 2018 year. The 2018 Chevrolet Equinox is fuel-efficient, modern, packed with tech, and safe!
Some of the new features include:
-New Safety Alert Seat
-New Surround Vision
-New Forward Collision Alert with Following Distance Indicator
-New Low-Speed Forward Automatic Braking
-New Lane Keep Assist with Lane Departure Warning
-New Rear Seat Reminder
-Lane Change Alert with Side Blind Zone Alert
-Rear Cross Traffic Alert

Interior
The interior of the 2018 Chevy Equinox is all-new and offers more room, more technology, greater comfort, and increased ergonomics.
The cabin arranged featuring a "down-and-away" instrument panel coupled with a low windshield base for greater outward visibility. The vehicle also gets several nifty design cues such as available denim-style seat fabric, and a new "kneeling" rear seat, which allows the bottom seat cushions to tilt forward when folding the seatbacks. Cargo areas comes in at 63.5 cubic feet.

Tech
The 2018 Chevy Equinox features various advanced in-vehicle technologies that allow for a more connected and safer driving experience, including a new Chevrolet MyLink infotainment system with seven- and eight-inch touchscreens featuring Apple CarPlay and Android Auto integration.
Complementing the new MyLink system with Apple CarPlay and Google Auto will be OnStar with 4G LTE with Wi-Fi hotspot. The feature allows up to seven devices to connect to the hotspot simultaneously. It comes with a complimentary six-month trial period, while the 4G LTE-based Wi-Fi has a 3-month or 3-gigabyte trial, whichever comes first.

Safety
The 2018 Chevrolet Equinox offers a suite of active safety technologies and adaptive crash-avoidance features that help provide peace of mind on the road for adults as well as new teen drivers.
Teen Driver technology allows parents to set certain vehicle controls and review an in-vehicle report card with their teens, helping to encourage safe driving habits.
"The Chevrolet Equinox ramps up its awareness and protection capability with an even broader range of available technologies designed to assist drivers in everyday situations," said Ray Kiefer, General Motors Active Safety technical fellow. "From daily driving to parking and crash avoidance, it can help the occupants avoid trouble altogether."
Available advanced active safety features to enhance driver awareness on the road include radar- and camera-based adaptive technologies that can provide alerts or warnings about potential threats, allowing the driver to react and make changes to possibly avoid them, including:

Chevrolet Cruze vs. Honda Civic

At Birchwood Chevrolet, we recognize the Chevrolet Cruze and Honda Civic as two efficient, reliably performing sedans and hatchbacks with plenty of exciting features to offer. So, which vehicle gives you the highest value in exchange for your money? To ensure you make the right choice for you and your family, we've put the 2018 Chevrolet Cruz and 2018 Honda Civic to the test. See how they fare below in Birchwood Chevrolet's vehicle-to-vehicle comparison!
Engine Specs and Fuel-Efficiency

Powering the 2018 Chevy Cruze L Manual Sedan is a 153-hp 1.4L turbo 4-cylinder engine. The 2018 Honda Civic LX Manual Sedan, on the other hand, houses a 158-hp 2.0L 4-cylinder engine. While the Honda Civic creates higher horsepower, the Chevrolet Cruze produces nearly 40 more pound-foot of torque - meaning sharper turning and faster acceleration. Fuel economy wise, the Civic and Cruze are closely matched. While the 2018 Honda Civic earns one more litre per 100 kilometres on the highway, the 2018 Chevy Cruze matches its superb EPA-estimated 8.4 L/100 km city rating.
Comfort Features

Convenience, space, and technology are non-negotiable inside the 2018 Civic and Cruze Hatchback Inside the base model of either vehicle, you can expect to find everything from power windows, to a USB interface, to a rearview camera. However, while it shares many features with the Civic, the Cruze Hatchback focuses a bit more closely on you and your passengers' enjoyment. For example, the Civic comes standard with a 127-millimetre infotainment display, while the Cruze features a larger 178-millimetre touchscreen for easy access to Bluetooth, Apple Maps, etc. What's more, the Cruze is slightly more accommodating in the cargo area, offering 28 additional litres of storage space.
Driver Confidence

A generous array of safety features is the mark of any worthwhile vehicle, and the 2018 Civic and 2018 Cruze don't disappoint. All configurations come with 3-point seatbelts, a stability control system, and multiple airbags, as well as a wide selection of optional driver assists. Still, while the Civic doesn't skimp on safety systems, it lacks the plethora of telematics services the Cruze offers through OnStar, such as stolen vehicle location, remote ignition block, and remote door unlock. In addition, the Cruze includes an exclusive Teen Driver feature, which allows parents to limit specific vehicle features and receive in-vehicle reports.

Choose the Sedan or Hatchback That Puts You First!In just about every category, these two family-friendly vehicles perform similarly, but the 2018 Chevrolet Cruze holds the ace in terms of features, space, and safety. Book a test drive at Birchwood Chevrolet in Winnipeg, MB to see what else you can expect from the new Chevy Cruze Sedan or Hatchback. Great things happen at Birchwood Chevrolet.

2019 Chevrolet Silverado

The Chevrolet Silverado has been completely revamped for 2019. It is both bigger and lighter than the previous generation Silverado. Along with the completely new body style for 2019, the Silverado continues to improve engine efficiency to increase fuel efficiency above 20 MPG.
The new Silverado has various trim levels, including:

* Work Truck
* Custom
* LT
* RST
* LT Trail Boss
* LTZ
* High Country

The new 2019 Silverado also offers a variety of new and unique engines. A 4.3-liter V6 and 5.3-liter V8 with six-speed are offered on Work Truck and Custom trim level Silverado's. The new 2.7-liter inline turbo with automatic fuel management and the original 5.3-liter V8 with 8-speed are included on the LT and RST. The 5.3-liter V8 with dynamic fuel management and a 10-speed is on the two highest trim lines, LTZ and High Country. Finally, the new 3.0-liter inline turbo diesel with 10-speed can be included on the LT to the High Country trim level Silverado's. The Original 6.2-liter V8 is also available on the LTZ and High Country trim levels.
The new Chevrolet Silverado gets bigger outside and in. It is both 1-2 inches taller, longer, and wider than the previous generation. The wheel base is 4 inches longer, which drastically increases the overall leg room in the rear seating area. Excited? We know we are!

Do you Offer Financing?

 

Yes, we do offer financing! In fact, financing is the most popular option when customers purchase a vehicle from Birchwood Chevrolet.

Financing entails making bi-weekly or monthly payments over a set period of time to pay for the vehicle. Most vehicle buyers prefer this method of payment over paying for the whole cost of the vehicle at once.

The payments for financing increases or decreases depending on the price of the vehicle of interest. Additionally, the length of the term can increase or decrease payments when financing.

Financing is available on all vehicles at Birchwood Chevrolet, including pre-owned vehicles!