Chevrolet Leasing Center Near Hobart, IN
Are you looking for a new car but don’t want to take out a loan? You also have the option to lease the Chevy car, truck, or SUV of your dreams right here at Mike Anderson Chevrolet of Merrillville. You can learn more about the benefits of leasing a new vehicle from our Chevy dealership near Hobart, IN and how the process works by reading on.
Leasing vs. Buying
Explore some of the differences between leasing vs. buying to help you make the most informed decision possible.
|You do not own the vehicle, unless you decide to purchase it in full after your lease is up.||Vehicle Ownership||If you pay for your vehicle in full, you will own it. If you finance, you won’t get the title to the vehicle until after your very last auto loan payment.|
|Your monthly payments will be lower because you’re only paying for the depreciation of the vehicle.||Monthly Payments||Depending on how much you put on a down payment, auto loan payments can become costly.|
|Because leased vehicles are new, yours will be covered under the manufacturer warranty for the majority of your lease.||Warranty||If you buy a new vehicle, it will be covered under the manufacturer warranty, but if you purchase a used model, it’s not likely to be covered under the manufacturer warranty.|
What is Leasing and How Does It Work?
Leasing a new Chevy means you’re only paying for a portion of the car’s actual cost, which turns out to be the depreciation of the vehicle during the years you lease it. In order to lease a car, you may need to make a small down payment, but it’s not unusual for lease deals to have no down payment required. You drive the leased vehicle for the agreed upon years and mileage, and return it to the dealer once the lease is up. You also have the option to purchase the vehicle you leased at the end of the lease agreement.