Leasing VS Financing At Harvard Chevrolet
Choosing whether to lease or finance your next car can be a difficult decision, and that’s why the finance team at Harvard Chevrolet is here to help. We are happy to help guide you through the process to make sure you’re making a confident decision. From the least upfront cost and best long-term investment to leasing benefits and warranty benefits, Harvard Chevrolet works with top banks, credit unions, and manufacturer-sponsored lenders to help you get the best program that meets your financial needs.
Chevrolet GMC Leasing
Leasing can be a hassle-free experience by not locking you into a long-term commitment or demanding large payments upfront or monthly. If you’re someone interested in getting a new car every two years or so and staying in warranty, then leasing is the perfect option for you. Additionally, leasing allows you to always get the latest technology and stylings while also opening the door to try out different models every few years.
When you choose to lease a Chevy or GMS, you can get additional lease coverage through their advanced lease protection plans. This unique offering allows you to get the coverage that provides additional services and protection during the manufacturer’s warranty, plus coverage after the manufacturer’s warranty expires. Key benefits of the Advanced Lease Protection include:
- Available for new, leased vehicles at lease inception
- Can be transferred or canceled at any time
- No deductible required
- Offered in terms ranging from 24, 27, 36, 39, 42, and 48 months
As well, Chevrolet and GMC XS Wear Lease Protection can give you coverage for damages beyond the normal wear when you turn in your lease vehicle. Since life tends to gets in the way when you drive, you might go over the mileage allowed or dent the vehicle’s exterior. Don’t worry about getting charged for those small incidentals when it’s time to turn in your leased vehicle. Coverage includes up to $5,000 in total charges if the vehicle is driven fewer than an average of 25,000 miles per year and even more great coverage including:
- Dents, scratches, and chipped paint
- Interior stains
- Chipped glass
- Tires and wheels
- Missing parts, Owner’s Manual, or keys
- Excess mileage charges up to $400
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Pros Of Leasing
- Lease payment covers only the vehicle depreciated value
- Lease payments cost less than financing
- Down payments are less than financing
- Covered under the general warranty
- Don’t have to worry about selling after the lease term
- Get new technology and features
- Multiple end of lease options
Cons Of Leasing
- Mileage limits
- Possible excess wear charges
- Limited credit building
- No customize or alteration allowed
Chevrolet GMC Lease-End Options
When returning your currently leased Chevy or GMC you have three stress-free and simple options including trading in for a new lease, buying your current leased car, or returning your lease and walking away with no strings attached. If you’ve moved away during your lease term you can simply return it to your local Chevrolet or GMC certified dealership.
Lease A New Chevrolet GMC
If you’re ready to enjoy the latest technology, looks, and features Chevy or GMC has to offer, you can trade in your leased car for a new make or model with ease and enjoy loyalty perks.
Return Your Chevrolet GMC
If you’re not looking to buy or lease a new Chevrolet or GMC, you can return it at the end of your lease term hassle-free.
Pros Of Financing
- Ownership and ability to sell
- No mileage restrictions
- Ability to personalize and customize
- No car payments once paid off
- Multiple lender options
Buy Your Leased Chevrolet or GMC
If you’d like to keep your currently leased Chevy or GMC, we’ll help facilitate a great deal on terms that work for you. Doing this will let you keep your leased car at a great value due to depreciation!
Before Returning Your Chevrolet or GMC
You’ll need to bring your car in for a pre-return inspection before your lease is up. Chevy and GMC lease return policy requires a pre-return inspection within 120 days of lease-end. This inspection will determine if there’s any unusual wear or use to your vehicle and identify what repairs you should make to avoid potential fees.
Cons Of Financing
- Higher monthly payments
- Higher down payment
- Higher repair costs
- Vehicle depreciation