When you shop for a new Chevrolet vehicle, you’ll want to explore all your options. Financing and Chevy lease deals are two ways you can get your new vehicle. The right decision depends on what works for your budget as well as your wants and needs as a driver. Chat with the friendly experts at Chevrolet Van Nuys to find out which is right for you.
Costs of Chevy Lease Deals Versus Loans
Leasing generally costs less per month than financing with a loan. When you buy a car, you’ll need a large down payment, and your loan will include the principal (based on the sticker price) plus interest. However, Chevy lease deals only require a little cash upfront to cover things like a security deposit, the first month’s payment, and some taxes and fees. Monthly lease payments are calculated based on the vehicle’s anticipated depreciation rather than the entire cost of the vehicle, so your payment is typically lower than financing
The Flexibility of Leasing Instead of Buying
Chevy lease deals offer you incredible flexibility. After the lease ends (usually two or three years), you can trade in your old model for a brand-new one. However, if you’ve fallen in love with your Chevrolet model during your lease, you’ll often have the option to buy it outright at the end of your lease term. Financing, on the other hand, doesn’t give you that same flexibility. While ownership has its own benefits, you’re usually locked into the car you bought. You have the option to sell, but there’s no fixed point where you can upgrade.
Explore Chevy Lease deals near Los Angeles
Since a Chevrolet lease tends to be less expensive than financing, it’s a great option for many drivers. Additionally, if owning the car outright is not a goal of yours, and if you want the option to drive the newest models with the latest technology and features every few years, then leasing is your best bet. Stop by our Van Nuys, CA Chevrolet dealership for a great vehicle and outstanding terms!