Leasing vs Buying A Chevrolet
Once you’ve picked out your next Chevrolet car , truck , or SUV from the new vehicle inventory at Chevrolet of Merrillville, it’s time to decide between leasing vs. buying. There are benefits to each type of payment plan, so keep reading to learn more about the differences between buying and leasing a new Chevrolet from our dealership in Merrillville, IN .
Through the Chevrolet financing center at our dealership in Merrillville, IN , you will have access to a team of experienced financial experts ready to help you every step of the way. You can apply for financing online from your own home or office, and use our credit score estimator to find out where you stand ahead of time.
How Leasing Works
Leasing a Chevrolet at our dealership in Merrillville, IN is an excellent way to experience the excitement of driving a new model with the latest in tech, safety, and performance features. Leasing typically lasts several years, includes a low monthly payment, and often contains extensive warranty coverage. Since you’re only paying for the vehicle for the period of time you drive it, you won’t need to worry about long-term depreciation. At the end of your lease, you’re free to return it to the dealership or opt to buy the vehicle.
Explore lease specials now to find out how you can save.
Chevrolet Lease SpecialsWhy Leasing A Chevrolet Makes Sense?
Choosing between buying vs. leasing a vehicle from our Chevrolet dealership in Merrillville, IN is an important decision, so we’ve created a direct comparison for you. If you have any questions, reach out to a product specialist at Chevrolet of Merrillville at 219-400-0781.
| Concern | Why It Makes Sense! |
| I Don’t want to Lease, as I’ll never own the Vehicle | In the majority of instances, the buyer will get a 5-6-7 year loan to purchase the vehicle but tend to trade them in around 36 months. If you speak with an accountant, they will advise you that you purchase items that make you money (401K, bonds, a home) and you lease things that lose you money. Vehicles lose money and a lot of it. |
| I don’t understand how leasing works/ I’ve only heard bad things about it | Leasing a vehicle is very popular. Vehicles tend to get more expensive by the year and the payments can be higher than most budgets can afford. Leasing allows a client to have a new vehicle every 3 years for half the payment of a purchase.
Also, at Chevrolet of Merrillville, GAP insurance is free and in most leases, the clients are always under warranty so there are literally no out of pocket expenses |
| I don’t want Mileage restrictions/ I drive too many miles | At Chevrolet of Merrillville, our Leases allow clients to determine their mileage. A client that barely drives can go 10k per year, 12k per year or 15k per year. If a client drives more, we can help them pre-buy miles for 20k, 25k per year. |
| Aren’t the Insurance costs are higher? | There are no differences in insurance costs whether leasing or purchasing a vehicle |
| What if I want to keep my vehicle at the end of the Lease term? | At the end of your lease, you have 4 options.
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I’m still not sure about Leasing!
Leasing is steadily growing over the years! 25 years ago, leasing was reserved only for businesses. Stability is an important factor, a person’s personal relationship (marriage) lasted 30-40 years, people were in the same home 30-40 years and they could be in the same job for 30-40 years.
In this day and age, the movement in financial capability, personal growth etc have made leasing a very viable option. In addition, there are a lot of unforeseen financial stresses that can hurt a family and when they are in long-term loans with high payments. Leasing gives a person a very affordable option.
Some important reasons for why you should seriously consider leasing:
- Never worry about negative equity.
- Payments are much lower than a purchase since leases are usually for half the term and cost of the vehicle.
- Chevrolet of Merrillville also provides Free Gap Insurance.
- You can get a New vehicle every 2- 3 years.
- Taxes are paid on the payment only and not the entire vehicle.
- You’re not going to be stuck into a long-term loan.
Lease a New Chevrolet at Chevrolet of Merrillville
Are you ready for next steps? Fill out our online contact form to get in touch with our financial team at Chevrolet of Merrillville, and don’t forget to check out our Chevrolet offers and incentives.