How Does A Chevy Car Lease Work?

May 22nd, 2021 by

A dealership employee and customer looking at a clipboard

How Does a Car Lease Work?

Leasing 101: A Closer Look at How to Drive the Car You Love

Ready to drive home in a hot new Chevy vehicle without committing to a lengthy and highly-binding financing plan? Then a lease is already a solid plan to consider for you, as terms rarely exceed five years and your monthly fees typically rank epically low. Plus, you’ve got our massive inventory to choose from, so you’re almost guaranteed to find something right for your driving style. Get started today by visiting us at the Spitzer Chevrolet Lordstown finance center and discussing your lease options and seeing how this financial plan can elevate how you cruise in your favorite vehicles.

But First…How Does a Car Lease Work?

Let’s get started with the big question on your mind, “How exactly does a car lease work?” After all, like a car loan, you’re free to drive the vehicle of your dreams—but the way you drive works entirely differently.

You’ll begin by finding the right car, truck, or SUV from our colossal Chevy inventory and test drive the vehicles that stand out to you to make sure the fit is right—everything from the Chevy Tahoe to the Trax is fair game, so don’t hesitate to ask about your favorites. Then, you’ll meet with one of our finance team experts who will help you find the ultimate lease terms, mileage limits, conditions, contract years, and more. Then, you’ll usually make a down payment, and drive home in your leased ride while making monthly payments and sticking to the number of miles you agreed to during your lease as you enjoy an exhilarating ride.

What Happens When My Lease Ends?

At the end of your lease period, you get a few choices that make leasing more fun: did you all-out love your vehicle? If so, feel free to all-out purchase the car at a discounted rate since you already paid for some of the capitalized cost through your lease payments. If you’re ready to try something new, you can also return the car and lease something new so that you can stay on top of the latest auto technology and models on the market.

Should I Lease Instead of Loan?

This answer depends entirely on what you want from your drive—but keep in mind that with a lease, you don’t technically own your vehicle (which isn’t a bad thing), meaning you’ll often trade out your cruiser before most manufacturer warranties end and before major (and expensive) auto repairs begin in most cases. Also, unlike a loan, you’re engaging in a low-commitment offer that only lasts 3-5 years on average while your down payments and monthly payments are generally much cheaper than if you received a loan on the same vehicle. So, if you’re looking for a budget-friendly way to drive new models, a lease deal is a stellar option.

Get Your Chevy Car Lease in North Jackson Started Today

Ready to take command of your favorite vehicle? Contact us at Spitzer Chevy Lordstown and speak with a member of our finance team about how you can start a Chevy car lease in Lordstown today. While you’re here we dedicate our time to your needs, so feel free to ask any questions about leasing that come to mind or about advice tailored to your budget and financial situation, and we’ll assist in any way possible.

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