Leasing is a great choice for drivers looking to try out the latest Chevrolet models without committing to a full purchase. Learn more about a Chevrolet lease and talk to our finance team at Shea Chevrolet to get started today!
Leasing vs Buying
Leasing offers one big advantage: the ability to drive the newest Chevrolet models for a lower monthly payment. This is because you are only paying for the depreciation of the car, rather than its entire value. However, this means that your monthly payments are not buying you any equity in the car—when the lease term is over, you will return the vehicle.
Maintenance
During the term of your lease, you are responsible for keeping up with regular maintenance. If you skip your regular check-ups, you may be charged at the end of the lease for additional wear and tear. The good news is, throughout the duration of your lease it will likely still be covered by its new vehicle warranties, so you won’t have to worry about big repairs.
Mileage Caps
Your lease will come with an annual mileage cap. Going over this means that the car may have depreciated more in value than expected, meaning you will have to pay an extra fee. Some leases offer both normal and high-mileage options, so plan for your driving needs. The average lease contract sets a limit between 10,000 to 15,000 miles per year.
Apply for a Chevrolet Lease at Shea Chevrolet
If you’re looking to get behind the wheel of the latest Chevrolet vehicles, like the 2024 Chevrolet Equinox, a lease is a great way to do it. Visit us at Shea Chevrolet and talk to our team to find out more about applying for a Chevrolet lease today!
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