From Your Chevy Dealership: 3 Leasing Benefits of Choosing a 2025 Chevy

When you decide you want a new car, you can choose to buy or lease. There are benefits to both options, and the right choice for you depends on your requirements. As your Chevy dealership, we’d like you to know a few leasing benefits if you pick this option.

From Your Chevy Dealership: 3 Leasing Benefits of Choosing a 2025 Chevy

Lower Monthly Payments

When you buy a vehicle on finance, your monthly payments are determined by the vehicle sticker price, interest on the auto loan, and taxes. This total is divided by the number of months in the finance agreement to yield the monthly payment. You can also reduce your monthly payments by paying a larger deposit.

Leasing costs are different since they’re based on vehicle depreciation, financing charges, and taxes divided by the number of months in the lease. Depreciation is the reduction in the value of a vehicle due to market conditions, time, and wear and tear. Since depreciation is much lower than the sticker price and lease financing charges are lower than auto loan charges, your lease payments will be less than auto loan payments.

Lower Maintenance Costs

Maintenance is essential for every vehicle, as even Chevy components will eventually wear out. These costs are low when a vehicle is new, but they will increase over time as more complex systems or components require repair or replacement. When you buy a vehicle, you have to plan for the future increase in maintenance costs.

Maintenance costs are much lower when you lease, as the vehicle is brand new, and the standard lease term is two to three years. During this period, your lease Chevy is covered by its New Vehicle Limited Warranty, which lasts for the first three years or 36,000 miles, whichever comes first. In addition, components that require replacement during this time or services like oil changes are inexpensive.

Easier Replacement

If you buy a vehicle and want to replace it, you must sell or trade it. If you sell the vehicle privately, it may take time to find a buyer, depending on your car’s age, model, and condition.

When you lease a vehicle and the lease term ends, replacing it is easy. You could buy it at a reduced cost, renew your lease on the original vehicle, or sign a new vehicle lease. Whichever option you choose, the whole process can be completed very quickly.

If you’d like to know more about leasing or to lease your next Chevy, contact us today at Champion Chevrolet in Reno, NV.

Tags: Champion Chevrolet, Chevrolet Dealer, Chevrolet Financing, Reno Chevy, Reno Dealers, Reno NV
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