Chevy Financing 101: How to Buy Out Your Lease

If you’ve leased a Chevy car and fallen in love with it, we’ve got good news: you don’t need to return it to the dealership. However, you also can’t simply drive off into the sunset. That’s why Patriot Chevy of Westminster is here to help with the lease-end and Chevy financing processes.

Check the Vehicle’s Value

The first thing to do is revisit your lease paperwork. The cost to buy out your lease is disclosed at lease inception, so there are no surprises. Once you know this price, you can determine how much you want to supply for a down payment and what you can comfortably afford to spend monthly.

Contact the Dealership

While many common lease-end tasks are off the table if you decide to buy out your Chevy lease, you’ll still want to contact the dealership. We suggest doing this sooner rather than later, giving yourself about 90 days from the lease end. This will provide you with time to address any essential items and ease the stress that might result from leaving things until the last minute.

Apply for Financing

Finally, you need to get pre-approved for a loan, and you can do this by filling out a financing application. You can use this estimate and our payment calculator to budget effectively for your new (to you) car, ensuring that it perfectly fits your finances as much as your lifestyle.

Start the Chevy Buyout Process Now

While leasing certainly has its merits, owning a car is the better choice for many people. If you’re ready to commit to your vehicle, contact our Chevy dealership in Warminster, PA. We’ll get the ball rolling and further explain the financing process so you can make an intelligent buying decision.