Obviously, searching for Chevy truck lease deals near Moberly is a quick and easy way to find low rates on a vehicle you want. However, just by leasing a Chevy truck, like the Silverado 1500, you can save money month over month, year over year. In this lease vs. buying comparison, we’ll explore how to save money leasing a truck and the additional benefits of leasing a Chevy truck. If you’ve been looking for ways to save on your next lease, keep on reading.
How to Save Money Leasing a Truck
- When you finance a Chevy truck, you’re paying the entire value of the vehicle (plus interest) over the course of the auto loan term. When you lease, you’re paying for the depreciation of the vehicle over the span of the contract, which is usually 36-months. What this comes down to is that your monthly payments will be lower, regardless of Chevy truck leasing offers you may find, than if you purchase the vehicle outright.
- The follow-up benefit to lower monthly payments on a Chevy truck lease is that you can leverage that to get a higher trim (a version of the truck with additional luxury, tech, safety, or comfort features) to maximize your ride. A higher-level Silverado lease will often cost (approximately) the same as financing an entry-level Silverado trim. But that’s still not where the savings stop.
- Financing a vehicle requires a down payment, usually around 20% of the vehicle’s value. Leases, however, often don’t require a down payment, and if they do, it is substantially less than the amount you’d need to put down to purchase a Chevy Silverado. While researching Chevrolet truck leasing offers, be sure to see if any down payments are waived.
- Because leases are for new vehicles, they are covered by the manufacturer’s warranty, providing peace of mind. The majority of the time, major repairs don’t happen until several years into the vehicle’s life, but if, for any reason, something goes wrong with the vehicle during your lease, you’ll be covered. Major repairs are just one part of the story, though.
- Keeping the vehicle in good condition is also easy, as you’ll just need to bring the vehicle in for scheduled maintenance to adhere to the clause in your contract. Oil changes, tire rotations, and the like are all quick, easy, and affordable services, especially at your local Moberly Chevrolet dealership, to keep the vehicle running like new.
- Since you are only leasing the truck, you don’t need to worry about the drop in value over time. There’s no need to worry about selling the vehicle or maximizing your trade-in value; all you need to do is drop the truck off at the dealership’s lease return center and start looking for your next Chevy truck lease.
- Lastly, if you own a business and are considering a new truck like the Chevy Colorado, Silverado 1500, or Silverado 2500, you may be able to write off the monthly payments as a business expense. Note: Contact your local tax advisor for the full details.
Shop Chevy Truck Lease Deals in Moberly
At Ed Morse Chevy GMC in Moberly, we’re here to help you discover how to save money leasing a truck for personal use or for your business. We work with you every step of the way to pick the right Chevy truck for your needs and budget. Head down to our Moberly Chevy dealership, conveniently located at 1125 W Outer Rd, Moberly, MO 65270, to explore our lineup and speak with our expert team to learn more. Contact us today to get started.
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