Everything You Need To Know About Leasing A Silverado (Crew Cab From $317/Month, $0 Down)
Program valid through February 29, 2016.
So if F-150 isn't a spectacular lease right now, what about Chevrolet's Silverado 1500?
The Lease Program
The cost of leasing a particular car is determined by its lease program, which is set by the manufacturer, and the selling price, which is set by the dealer. Here is GM Financial's lease program for February 2016:
|Residual Values (10,000 mi/year)|
|Trim||24 months*||27 months*||36 months**||39 months**|
|2016 Silverado 1500 2WD||68%||65%||60%||59%|
|2016 Silverado 1500 4WD||70%||67%||62%||61%|
*Subtract 1% from residual for 12,000 mi/year. Subtract 2% from residual for 15,000 mi/year.
**Subtract 1% from residual for 12,000 mi/year. Subtract 3% from residual for 15,000 mi/year.
Figures shown are for Crew Cab and Double Cab. Subtract 1% from residual for Regular Cab.
|GM Financial Lease Rates (Tier A+ and A1)|
|Term||Money Factor||Interest Rate|
|24 and 27 months||.00130||3.12% APR|
|36 and 39 months||.00075||1.80% APR|
A 2016 Chevrolet Silverado 1LT Crew Cab 2WD has an MSRP of $40,580. According to a third-party car shopping website, the average selling price of that model is $38,491 before incentives (Southern California zip code). The lowest selling price currently offered by a dealer on said car shopping site is $35,985 before incentives.
Incentives on Silverado can be a bit tricky, as some apply only to cash purchases while others apply to both purchases and leases.
|Incentives That Can Be Applied Toward Leases|
|GM Financial Lease Cash||All||$500|
|GM Private Offer||Targeted||$1,500|
|GM Competitive Lessee Conquest||Targeted||$500|
|GM Lease Loyalty||Targeted||$500|
All lessees get the $500 Lease Cash. Current Volt owners or lessees qualify for a $2,500 incentive, while current GM or non-GM lessees qualify for a $500 incentive. Some have reported getting a $1,500 Private Offer certificate by browsing Chevrolet.com; the offer pops-up after a few minutes of browsing. Targeted incentives cannot be stacked.
Putting It Together ($317/Month, $0 Down)
Use the lease calculator below to customize your own inputs. Here's a sample deal of a 2016 Silverado 1500 1LT Crew Cab 2WD assuming a selling price of $35,985, excellent credit, 10,000 miles per year, California residency, and $1,500 Private Offer.
(11/13/17: Have issues with the calculator loading? Refresh the page. We are working on a fix.)