Chevrolet Lease FAQ

It’s always a tough choice deciding whether to lease or finance a new Chevrolet truck or SUV. A Chevy car lease is a great option for many drivers. However, many drivers aren’t familiar with the leasing process. Moran Chevrolet answers our FAQs to help you shop with confidence.

Why Do Chevrolet Leases Offer Lower Monthly Payments

An auto lease typically lasts two or three years. Then, you’ll return the vehicle to the dealership. Since you’re only responsible for the car’s estimated depreciation, leasing is more affordable than financing.

How Much Can I Drive a Leased Vehicle? 

Leases have a mileage allowance, which helps to limit depreciation. Allowances typically range from 10,000 to 15,000 miles per year. You can negotiate a high-mileage lease, although they typically cost more.

What are the Cons of Leasing?

Some buyers prefer financing, because leases come with restrictions. You have a mileage allowance, and you usually can’t customize the vehicle. If you exceed your mileage or have excessive wear and tear, you’ll owe fees at your lease return. You also don’t build equity in a lease.

What’s Considered Excessive Wear?

When you return your Chevy lease, your vehicle will be carefully inspected. Anything other than normal wear and tear is considered excessive. This can include large dents or scratches, chipped paint, a cracked windshield, worn tires, and more.

Can I Buy a Leased Vehicle?

Many drivers fall in love with their leased vehicle and want to keep it. If you want to buy your leased vehicle, you can exercise the purchase option in your contract. It will include the remaining cost, which you can pay outright or finance.

Lease a New Chevy Vehicle in Clinton Township, MI

We offer a streamlined leasing process at our dealership. We’d love to help you take advantage of the many perks that come with leasing a Chevy vehicle. Visit Moran Chevrolet to get started today!

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