What Do I Need to Know About Leasing a Car?

In many ways, leasing a car is a lot like buying one. You do your research and compare models online, go to the dealership and test drive your favorites to see which one is really the best for you. Then, you decide on the color and features you want for your car, truck or SUV, and discuss financing, in this case, the terms of your lease. There will normally be a down payment, and then a monthly payment, which is generally a lot less than you'd spend per month if you bought a car and financed it.

But there are some differences between buying and leasing a car, and most of them occur at the end of the lease. When you're done with your lease, you need to decide whether to buy your car, or trade it in for a new one as many people do. This choice is up to you, but many people enjoy trading their car in for a new one every three years so they're constantly driving a late-model car. If you really like your car and want to buy it at the end of your lease, you'll need to contact us to get a payoff quote and instructions to purchase your car. Call us at 800-706-2814 if you have any questions. Our Chevrolet finance experts are here to help you decide whether it's better for you to buy or lease a car