Chevrolet Lease
Leasing a Chevrolet is a great option for those looking to get around in comfort, but it isn’t ideal for people who want a car for cross-country trips.
Written by Joshua Levy
Reviewed by Jessica Barrett
Leasing a Chevrolet is an easy way to get behind the wheel without dedicating yourself to full-time ownership. While leasing is typically a cheaper option than buying, it’s important to understand all the hidden costs and fees before you sign an agreement.
In most cases, leases are ideal for people who just want an easy car to drive but don’t want to keep it long-term. In a way, it offers more financial freedom than purchasing a car would normally offer. That said, leasing a car comes with its own set of limitations and drawbacks.
Luckily, the
car insurance
comparison and broker app Jerry
is here to help walk you through the process of leasing a Chevrolet. In this article, we’ll cover everything you need to know about leasing your car—from how much it should cost to the services you can expect with your lease. We'll even help you save on your Chevy insurance costs
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How to lease a Chevrolet
Leasing cars is typically a straightforward process, and leasing a Chevrolet is no different from leasing any other car.
Of course, you’ll need to get your finances in order before you decide on anything. Here are a few steps you should take in preparation for your lease negotiations:
- Find your credit score. While your credit score won’t always impact your monthly payments on a car lease, it can have a big impact on your APR. If possible, it’s best to apply for your lease once you have a good credit score—typically a minimum of 700.
- Set a budget. As a general rule, your monthly payment should be under 15% of your monthly income. Understanding exactly what you can afford before you search for a lease can streamline the whole process by making negotiations much simpler.
- Estimate how much you can pay up front. When it comes to down payments, the more you pay up front, the less you’ll pay month-to-month. Keep in mind that you’ll likely be expected to make a minimum down payment anyways.
- Know your mileage. Many lease agreements include clauses that state a mileage cap per year. Knowing how often you drive and how many miles you need in a year can help you save money on your agreement.
After you’ve taken steps to prepare, you should
compare lease offers
from multiple organizations. Going into lease negotiations without having compared offers is like playing darts blindfolded. You need a frame of reference to understand what price you can reasonably expect and get a feel for your options. Remember that your first offer will rarely be your best one, so shopping around is vital to finding the best deal.Deciding on a budget ahead of time can also help you narrow down which models are in your price range. While many Chevrolets are expensive to lease, the
Chevrolet Bolt EUV,
Chevrolet Traverse
, and Chevrolet Blazer
are typically some of the most affordable options—especially if you pass on pricey add-ons. The final step: shop for insurance
Once you’ve compared offers and settled on a lease, you’ll need to get a car insurance policy before you hit the road. To make the process as fast and simple as possible, try
Jerry
.A licensed broker, the Jerry app helps users find affordable car insurance quotes in minutes. All you need to do is answer a few questions about your insurance needs, and let Jerry send you a personalized list of quotes to choose from. Users save an average of $887 a year on car insurance with Jerry—and it only takes a minute to sign up.
How much does a Chevrolet lease cost?
Leasing a car is typically more affordable than buying one, but how much should you expect to pay for your Chevrolet lease? While we can provide averages to help gauge your situation, the exact cost of your lease depends on your circumstances. Here are some of the biggest factors impacting the cost of your lease:
- Chevrolet model
- Lease term
- Credit score
- Add-ons
- State sales tax
- Selling price
That said, if you apply for a 36-month lease with excellent credit, you’ll typically pay around $828 a month for the Chevrolet Traverse and $513 a month for the Chevrolet Blazer. Keep in mind that applicants with lower credit scores will usually face higher monthly rates along with higher APRs. Additionally, you’ll need to make substantial upfront payments before you can take your car off the lot. These payments typically include your first month’s payments, fees, down payment, and tax.
Here are the average amounts you can expect to pay upfront based on credit score, car model, and a $1,000 down payment:
Car model | 750-850 | 700-749 | 640-699 |
|---|---|---|---|
Chevrolet Traverse | $2,028 | $2,028 | $2,253 |
Chevrolet Bolt EUV | $1,878 | $1,878 | $2,035 |
Chevrolet Blazer | $1,994 | $1,994 | $2,194 |
Services included in a Chevrolet lease
While there are no services included in a basic Chevrolet lease, you can always buy Chevrolet’s Advance Lease Protection plan. In most cases, protection plans won’t be worth the cost. But if you do decide to purchase their protection add-on, it typically covers the following:
- Mechanical breakdowns
- Faulty brake pads
- Bad batteries
- Broken headlights
- Irregular fluid changes
- Failing electrical systems
- Diagnostics
That said, Chevrolet’s Advance Lease Protection does not cover problems that result from wear and tear, collisions, acts of God, or negligence. While that may seem reasonable, it also means that their advance coverage plan only kicks in for problems that naturally occur. Since it’s fairly uncommon for your engine to break on its own, you should weigh the pros and cons of advance protection before you decide to buy it.
Key Takeaway You’ll likely pay between $600 and $800 a month on your lease if you apply with good credit, but you should remember to account for interest and upfront fees.
What to do when your Chevrolet lease is up
When your lease inevitably comes to an end, you’ll be left with two options: either buy the car or return it to the dealership.
How to return a leased Chevrolet
If you decide to return your Chevrolet, you’ll need to follow their return process. Here are the steps you’ll typically need to follow to return your lease:
- Have your car inspection to ensure it passes its return inspection
- Make repairs on any damage you find during the inspection
- Pay the required fee for any missed services, such as oil changes
- Pay for any overage in your mileage cap
- Schedule a final inspection and return date with your dealer
Even if you’ve kept the car in perfect shape, you’ll be required to pay a $395 disposition fee. While that may be frustrating, the disposition fee is intended to help your dealer pay for everything they need to get the car back on the road. That includes cleaning the interior and exterior, touching up any rough spots, and making it presentable for the next client.
How to purchase a leased Chevrolet
Your lease contract will include a clause that states the purchase price for your leased Chevrolet. If you decide you like your car and want to keep it for yourself, simply inform your dealer that you’d like to buy it and work with them to finance the car. Of course, you can also finance your car through private lenders, banks, or credit unions if you’d rather not work with the dealer.
MORE: How to calculate a car lease payment
How to find affordable car insurance for a Chevrolet
Whichever Chevrolet you end up leasing, you’ll need a car insurance policy that lives up to its speed, power, and price. But finding the right policy takes time and effort. For help finding the best available rate on the car insurance coverage you want, try
Jerry
.Jerry makes it easy to find the best policies around. Just download our
trustworthy super app
, answer a few questions—and Jerry will send you personalized quotes from over 50 top providers like Progressive, Nationwide, and Allstate for free. When you find a plan you like, Jerry can even help you switch policies and cancel your old one.Users save an average of $800+ a year on car insurance with Jerry—and it only takes a minute to sign up.
“I was floored by the savingsJerryfound for me. I was paying close to $960 every 6 months and now I’m paying $380 every 6 months for IDENTICAL COVERAGE in North Carolina!” —Olivia Z.
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Is Chevrolet leasing worth it?
Leasing is a great option for people who want a car to drive but aren’t ready to commit to buying a car outright. If you’re looking for a reliable vehicle to get you from point A to point B, then leasing may be a good option for you. But if you want a car to use for the next fifteen years on road trips, family visits, and outdoor adventures, you may be better off buying.
What’s the cheapest Chevrolet you can lease?
It’s hard to say which Chevrolet is the cheapest to lease because the cost depends largely on your credit score, lease term, down payment, and APR. That said, the Chevrolet Traverse, Chevrolet EUV, and Chevrolet Blazer are all relatively affordable options for a Chevrolet lease.
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