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Leasing is essentially a long term rental, allow you drive a vehicle for a stated amount of time, or miles, and pay for its usage rather than the full value of the vehicle. A short term lease can be as little as 12-24 months, and longer leases can range anywhere from 36 to 60 months. Lease contracts can vary, but the majority of leases usually allow you to drive 12,000-15,000 miles per year. It’s important to note that when you lease a car, you have no ownership interest in the vehicle.
A benefit of driving a vehicle in this limited time frame and mileage is that, for the duration of your lease, you’ll most likely be covered by Chevrolet’s Bumper to Bumper Limited Warranty, eliminating all but the most basic maintenance expenses. This makes leasing a great option for customers who want the stability that comes with budgeting their transportation costs as a fixed expense.
The short commitment to a vehicle that leasing provides will allow you to continuously enjoy the latest technology and features that Chevrolet has to offer. When your lease is up, you can choose to purchase the vehicle that you’ve been driving or simply drop it off with us at Eskridge Chevrolet and explore our latest selection of cars, SUV’s, and trucks. This also makes leasing a great option for anyone looking to avoid the hassle of selling a used car or worrying about their car’s value at the time of their trade-in.
If you’re interested in learning more, please fill out our “Contact Us” form below or reach out to one of our leasing experts at Eskridge Chevrolet by calling 405-293-4224.