Before we dive into the benefits of leasing, it might be a good idea to make sure you understand what a lease actually is. Many of our customers come to our dealership with an incomplete picture of the leasing process and its benefits.
A vehicle lease, in the simplest terms, is a long-term rental agreement. When you enter into a lease, you're not paying for the car itself. You're paying for the right to use it.
Lease agreements typically run anywhere from two to four years and come with a range of unique benefits and restrictions. Many leases, for instance, ask you to adhere to annual mileage caps and may even penalize you if you go over your allotted limits. Most lease offers are restricted to new model cars, too.
Why Lease a New Chevrolet
Why do people choose to lease their vehicles? They offer valuable benefits that overshadow their potential restrictions.
The biggest perk of a good lease? Lower monthly payments. If you have your heart set on a brand new Chevrolet, a lease is the easiest way to take one home for less.
And because lease offers cost less, they're also easier to apply for. This can make them a valuable option for drivers who might otherwise not have the option of driving home in a brand new car. That easier approval can be invaluable for drivers with bad credit or who lack the means to invest in a bigger down payment.
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