Chevrolet Leasing FAQs
Whether you're eyeing a new Silverado, Equinox, or Traverse, leasing offers an affordable and flexible way to drive a brand-new Chevy without the long-term commitment of ownership. Learn everything you need to know about leasing a Chevy vehicle at Art Moehn Chevrolet.
What is a Chevrolet Lease?
Leasing a Chevrolet means you’re paying to drive the vehicle for a set period—usually 24 to 48 months—rather than purchasing it outright. You’ll make monthly payments based on the vehicle’s depreciation during your lease term, plus interest and applicable fees. At the end of your lease, you can return the vehicle, lease a new Chevrolet, or choose to purchase your current lease.Can Leasing a Car Be a Good Idea?
- Lower Monthly Payments: Lease payments are often significantly lower than loan payments.
- Newer Models More Often: Upgrade every few years to enjoy the latest Chevy features and safety technologies.
- Warranty Coverage: Most lease terms are covered under factory warranty, reducing repair costs.
- Flexible Lease-End Options: Choose to return, replace, or purchase your lease when your term ends.
Is Leasing Better Than Financing?
It depends on your driving habits and long-term goals.
Leasing is ideal for drivers who:
- Want lower monthly payments
- Drive a predictable number of miles per year
- Prefer having a new vehicle every few years
- Don't need to customize or modify their vehicle
Financing is better suited for those who:
- Plan to keep their vehicle long-term
- Drive more than the standard annual mileage limits
- Want to build equity or eventually own their vehicle outright
- Prefer unlimited customization options
How Does a Chevrolet Lease Work?
Lease terms typically range from 24 to 48 months. At the end of the term, you have the option to purchase the car, return it, or lease a new one.
Are There Mileage Limits?
Yes. Most Chevrolet leases include annual mileage limits, commonly ranging from 10,000 to 15,000 miles per year. If you exceed the mileage limit, excess mileage charges will be applied at the end of the lease. If you drive more than average, higher mileage options are often available.
Yes. Most Chevrolet leases include annual mileage limits, commonly ranging from 10,000 to 15,000 miles per year. If you exceed the mileage limit, excess mileage charges will be applied at the end of the lease. If you drive more than average, higher mileage options are often available.
Is a Down Payment Required?
Chevrolet lease programs often require a down payment, though the amount can vary depending on the model, lease terms, and your credit profile. Some promotional lease offers may feature low or $0 down payment options.
Chevrolet lease programs often require a down payment, though the amount can vary depending on the model, lease terms, and your credit profile. Some promotional lease offers may feature low or $0 down payment options.
What Happens at the End of a Lease?
At the end of your lease, you have three options:
At the end of your lease, you have three options:
- Return the vehicle and walk away
- Lease a new Chevrolet
- Buy out your current lease for a predetermined purchase price
Have More Questions?
Our finance and leasing experts are here to help. Contact us today to explore current Chevrolet lease offers, compare lease vs. finance options, or schedule a test drive in your favorite Chevy model.