What to Expect When You Lease a Chevy: Payments, Warranty, and the Return Process, Explained
When you lease a Chevy vehicle, you can choose from a variety of top-rated trucks and SUVs. Plus, you'll benefit from the many advantages that a lease provides, such as lower monthly payments and having the vehicle under factory warranty for the entire lease period. If you're a first-time lessee or just need a refresher on the process, Gillman Chevrolet Harlingen will get you up to speed.
What is a Lease?
Leasing is similar to renting. When you lease a truck or new Chevy SUV, you "own" the vehicle for a period of 2 - 4 years. During this time, you make monthly payments. When the lease term ends, you return the car to us. The terms you'll need to be familiar with, such as monthly payment, lease duration, and mileage limits, are outlined in a lease agreement that we'll discuss with you.
How do Lease Payments Work?
At the beginning of the lease, you make a down payment. The more you put down, the lower your monthly payment will be. The monthly payment amount is also determined by the car's residual value - that is, the difference between its sticker price and its estimated value at the end of the lease. What's nice is that since you're only paying for a portion of the vehicle's value, your monthly payment will be lower than if you financed the car.
What is a Lease Warranty?
When you lease a new car from our Harlingen, TX Chevy dealers, it comes with the same manufacturer's warranty that you would get if you purchased the vehicle. This warranty lasts three years / 36,000 miles. During this time, if any part fails due to defects in materials or workmanship, we'll repair or replace it at no charge.
What Does the Lease Return Process Entail?
The return process for a leased car is fast and easy. Assuming the car doesn't have excessive wear and tear and that you've adhered to your mileage limit, you can just hand in the keys and walk away, with no further obligation. However, you could also extend the lease, purchase the vehicle, or lease a completely different model.
Lease a Chevy Vehicle in Harlingen, TX
Ready to lease a Chevy vehicle? Visit Gillman Chevrolet Harlingen today. We'll discuss your budget and lifestyle, review your favorite models, and design a leasing program that meets your needs. Plus, we'll help you qualify for our latest Chevy lease offers.
