Chevrolet Finance Tips: Exploring Lease Options

There are many benefits to leasing a new Chevrolet vehicle. You just need to decide which type is right for you, whether it’s a Chevy high-mileage lease, a short-term lease, or something else entirely. Moran Chevrolet details the common lease options to help you choose.

Closed-End Lease

A closed-end lease is one of the most common types of auto leases. They typically last for 24 to 36 months, and you have multiple options to choose from when the term ends. Once your term is up, you’ll return your lease and pay any excess mileage or damage fees. You can also trade in your lease to roll into a new Chevy lease. Another available option is to buy out the remaining value of the vehicle after the lease term ends.

Short-Term Lease

If a lease lasts less than 24 months, sometimes even as short as six months, it’s known as a short-term lease. These leases allow drivers to consistently upgrade to a new model with new technology and styling. However, they typically have a higher monthly payment, and they are much less common.

High-Mileage Lease

Since a mileage allowance is one of the biggest drawbacks of a lease, there’s also a high-mileage option. This is a great choice for drivers who drive a lot, especially if it’s over 15,000 miles per year. These leases generally have higher upfront costs, but they can help you avoid penalties at your lease return.

Lease a New Chevy Vehicle in Clinton Township, MI

These are a few of the common types of Chevy leases. Our financial team is happy to discuss your needs with you to see what type of lease suits you best. Visit Moran Chevrolet to get started today!

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