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The Chevy Silverado 1500 has long been one of the best-selling full-size pickups in the country and it continues to attract fans all over Abbeville, LA. The Chevy Silverado not only has exceptional towing and hauling capability but it also gives you what some believe is the most handsome exterior in its class. To help make a new Chevy Silverado 1500 more affordable, we have a variety of new vehicle specials available on this outstanding pickup.
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The Chevy Silverado delivers a lot for your dollar and to help you get even more value, we offer both loan and lease options to our valued Lafayette, LA customers. Both financing strategies have pluses and minuses so here are some details to make this important topic easier to understand.
The traditional and most popular way to finance a Chevy Silverado 1500 is with a new vehicle loan. When you take this approach, the lender pays for the entire cost of the truck so you can drive home with a new Chevy pickup. You then make monthly payments until you ultimately own that Silverado. When the truck loan has been paid in full, you not only own your Chevy Silverado but you'll have built up a lot of cash value that you can use toward the purchase of another new Chevy pickup or whatever you want. Once you pay off your truck loan, you can keep driving your Chevy Silverado without having to make any more monthly loan payments.
As with any kind of loan, Youngsville, LA buyers will pay for interest as part of their monthly loan payments and the rate will be based on your credit score. You'll also have to make a down payment of about 20% on any vehicle loan and it will be higher than it would be with a lease. But with a loan, you're building cash value, something you can't do with a lease. Overall, the financial advantages of getting a loan are far greater than the disadvantages and that's why financing with a loan is so popular.
Leasing a Chevy Silverado is just like renting but a New Iberia, LA lessee will be making payments for a much longer period of time, usually around 36 months. Instead of paying off a loan, you'll pay only for the depreciation that's expected over the course of your lease contract. When your release contract expires, you will bring your Chevy Silverado 1500 back to our dealership because you won't own it. At that point, you'll have to pay for any miles you drove above the contractual limit and you'll also have to pay for any excess wear and tear. Leasing can be complicated so it's important to understand what you're getting into before you sign on the dotted line.
The Chevy Silverado offers a number of great engines including a 5.3-liter V8 with 355 horsepower and 383 pound-feet of torque and a 3.0-liter turbo-six diesel with 305 horsepower and 495 pound-feet of torque. Every Silverado 1500 is equipped with a touchscreen infotainment system with Apple CarPlay®, Android Auto™, and a mobile hotspot. The physical knobs and buttons make interacting with the system much easier.
We'll help you drive away with the Chevy Silverado 1500 you want by providing financing specials. We'll also help you get the best available interest rate which is another reason to finance or lease your new Chevy Silverado 1500 at Ray Chevrolet in Abbeville, LA.