Car leasing is quickly becoming one of the most popular ways to obtain a new car in Springfield and at Reliable Chevy we understand why. There are an array of benefits when it comes to choosing leasing over buying a new Chevy model and, to give you an idea of how significant they are, we've come up with a list for you to review.
Little or No Down Payment
With most car leases in Springfield, you are not required to make a down payment in order to obtain low monthly payments. However, if you wish to tailor your payments to fit your specific budget, you can put down a small amount of cash or trade in your previous vehicle in order to have even lower monthly payments.
Low Monthly Payments
Even if you don't decide to trade in your former vehicle or put down cash up front, you're still likely to obtain low monthly payments when leasing in Springfield. On average, monthly lease payments are generally 30-60 percent lower than purchase loans for the same car and term, saving you a significant amount of money in the long run.
All leased Chevys come backed by a new car warranty that remains active during the first few years of ownership. If you obtain a two or three-year lease term, it's likely most of your car's parts will be covered by the new car warranty during this time, which could save you from having to pay for potential costly repairs.
Small Sales Tax
When leasing in Springfield, you don't have to pay sales tax on the entire value of the car like you would if you had purchased it. You only pay for the portion of the value you are using during your lease term and it is included within your monthly payments, allowing you to pay for it over the course of your lease.
Get a Nicer Car
With leasing, you only pay the difference between the car's price and its expected residual value, which is often drastically lower than financing the entire price with a car loan. Due to this, more people are able to get into a much nicer Chevy when leasing that they may not normally be able to afford.
If you're looking to lease a new Chevy Camaro, Cruze or Silverado, contact us today for further information. We offer a wide variety of leases for several Chevy models and we'll happily help you pick out the perfect one.