Chevrolet Lease Terms to Familiarize Yourself With

At Lester Glenn Chevrolet, we know that not every driver may be familiar with Chevrolet lease terms and options. If you’re looking to get into a lease for the first time or are just curious about what benefits it offers, it’s important to be well-versed with the lingo you’ll hear. Our financial experts have put together this guide to help you out.

Key Terms to Know

Chevrolet leases offer extra financial flexibility and lower monthly payments over taking out a loan. With this, however, comes certain restrictions that you’ll need to be aware of. Some of the terms you’ll hear in relation to leases include:

• Residual Value: The pre-determined value of your vehicle at lease end.
• Mileage Limits: The maximum miles allowed during your lease before additional charges apply.
• Wear-and-Tear Assessments: End-of-lease inspections to determine any excess wear on your vehicle.
• Early Termination Fees: Extra costs associated with ending your lease early.

Understanding Lease-End Options

A Chevrolet lease offers flexibility when the contract comes to a close. You might choose to return your vehicle and explore a new model, buy it at its residual value, or opt for a lease extension if you’re not ready for a change. You’ll want to make sure you plan ahead during the term of your lease so you can avoid any surprises at lease-end.

Get Into a Chevrolet Lease in Toms River, NJ

We invite you to visit Lester Glenn Chevrolet to learn more about these lease terms and explore how they impact your future driving options. Schedule a test drive and let our knowledgeable team walk you through the details. With expert guidance and transparent explanations, you’ll feel confident making the best choice for your lifestyle and budget.

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