Chevrolet Silverado Purchase Options for Hartford Connecticut Truck Shoppers
One of America’s best-selling vehicles, a regular in the top 3 actually, Chevrolet’s Silverado is one amazing piece of equipment. The direct descendant of old-school-cool pick-up trucks, the Silverado seamlessly blends functionality with modern comforts and a more attractive exterior than ever. Gone are the days where you couldn’t tell the difference between a pick-up truck and a barn in terms of aesthetics and overall sex-appeal.
Today's Silverado can haul timber and be parked in front of a fancy restaurant without causing any stir. There's also more tech than ever with Android Auto, Apple CarPlay and a state-of-the-art touchscreen console as standard features. A total number of 6 trim levels can be combined with six different engine choices, ranging from the fuel-conscious powertrains to the all-mighty V8s. Between all these options there should be a perfect Silverado for anyone. The pallet is so wide-spread that you can create vehicles so different from each other, you'd say they're different models if it wasn't for the shared exterior look.
Chevrolet's Silverado has everything working for it. A vehicle that's sure to dominate the pick-up truck landscape for years to come and attract more buyers than any other GM vehicle. Here at O'Neill's Chevrolet Buick near Hartford CT, we're fully aware of that, so we stocked plenty of them in our showroom. All trims, all engine choices and all colors. If Chevrolet made it, we have it.
After years of experience we found that it isn't a question of IF customers will buy a Silverado, but a matter of HOW they'll go about it. That's why we'd like to present you with the two most popular purchasing options, apart from cash up-front that is.
Financing VS Leasing your brand-new Silverado
The main difference between the two choice boils down to vehicle-ownership. When you lease a Silverado you don't own the car, you're just renting it from us. Think of it as medium-term renting with monthly installments that will keep the car on your driveway. A lease takes between 2 to 3 years, and after that, you'll return the car to the dealership. But why would you want to do that? Pay and not own the vehicle in the end?
Well, when you lease the Silverado you're effectively paying for the depreciation in value the car will experience for being used for 2 to 3 years. That means your monthly installment will be lower than that of a full purchase. Because the monthly payment is lower with a lease, you'll be able to afford a better vehicle, with a higher trim level and a better engine than if you were to finance the purchase and end up owning the car at the end.
You see, when you finance you pay for the whole vehicle, not just the depreciated value, it will be subjected to. You have to "account" for more, so the monthly payments will be larger.
On the other hand, when you finance, you're building equity with every payment that you make. The contract ends, you can take the car home, free of any debt. It's yours.
Another great thing about leasing is that when you finish the contract, you leave the old car and receive a brand-new one to use. You lease a Silverado today, you pay the monthly fee for two years, you take it back to the dealership, they give you a new model to take home, and you carry on with the installments. That's a trade-off with leasing though. The payments never stop. They might be smaller, but you'll have to pay forever and ever if you want to use the car. With financing, you pay more every month, but only for three years. After that, you own the car.
Another trade-off with leasing is that there's usually a 10-15.000 mileage-limit. With your monthly payments, you'll get that much road to cover, but if you go past that, you'll pay a per-extra-mile additional fee.
That’s because when dealers get the car back, they’ll be looking to sell it as a used vehicle, so the more you drive it, the less it will be worth to them. A Silverado that has 30-35.000 miles on board is just getting warmed up, while one that did 60-80.000 miles is a different story. So, the conclusion is quite simple:
1. Are you looking for a car to drive around town once in a while? Do you want the latest and best options fitted to your Silverado? Do you value new Vs. old more than you value ownership? Then leasing is definitely for you!
2. Are you looking for a reliable partner for your work or business? Do you need to drive a lot? Are you interested in working hard but owning your assets at the end of the day? Do you value being independent of monthly payments more than you value having the absolute latest tech in your car? Then financing is for you!
There is no wrong or right answer when it comes to Financing Vs. Leasing, it's just a matter of individual preferences and needs. Here at our Chevrolet and Buick dealer near Hartford, we have all the info you'll need to make the right decision for you. We're patient and knowledgeable, and we truly get a kick from matching the best possible Silverado version with prospective buyers. Just give us a call, book a visit and we’ll walk you through your options, plus... we’ll show you ALL the available vehicle options. Test drives can be arranged, we love to see the smile on peoples’ faces as they drive the Silverado for the first time.