How Chevrolet Leasing Works

A lease covers the use of a new vehicle for a set term rather than the full purchase price, which is why advertised lease payments are often lower than financing the same model. You agree to a term length and an annual mileage allowance up front, then return the vehicle, purchase it, or start a new lease when the term ends.

When you compare lease offers, look at these details together rather than the monthly payment alone:

• Term length, usually somewhere between 24 and 39 months
• Annual mileage allowance, which affects your cost if you drive more than expected
• Amount due at signing, including any first payment, fees, and down payment
• Wear and mileage terms that apply when you turn the vehicle in

Leasing tends to fit drivers with a predictable commute who want to stay in a newer vehicle with current technology. If you plan to keep your next Chevrolet for many years or drive well above an average mileage allowance, financing is usually the better path.

Financing a New Chevrolet

Financing means you take ownership of the vehicle and pay it off over a set term. Chevrolet often pairs new models with special APR programs or cash allowances. Our finance team can run both scenarios so you can see which one saves you more on the specific model and trim you want.

A few factors shape your monthly payment: a longer term lowers the payment but increases total interest, a larger down payment or trade equity reduces the amount financed, and your credit profile affects the rate you qualify for — which is why special APR offers are typically advertised for well-qualified buyers.