Best Chevy Deals & Lease Offers In May

By

Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - May 4, 2020

Consumers have more time to take advantage of Chevy's deals as most carry over into May. For financing, select models are now eligible for 0% APR for 84 months or a 4 month deferral on your first month's payment amid the coronavirus. In the case of the 2020 Trax, buyers can choose between the low APR or up to $3,500 in savings.

For those who prefer to lease, models such as the 2020 Equinox and Malibu are now available starting at $297 and $302 respectively, with $0 due at signing. Both models present excellent values relative to their MSRP.

Offers have been extended through June 1, 2020 but can vary by region. Examples listed here are for California.

Top Chevy Lease Deals & Incentives

Model Best Lease Deal Best Finance Offer Best Cashback Incentive
Chevrolet Trax
Chevy Trax
Lease from $233/month (2020 Trax, Sign & Drive, Current GM Lessees) 0% APR for 84 months (2020 Trax)
Up to $3,500 (2020 Trax)
Chevrolet Equinox
Chevy Equinox
Lease from $297/month (2020 Equinox, Sign & Drive, Current GM Lessees) 0% APR for 84 months (2020 Equinox) Up to $4,750 (2020 Equinox)
Chevrolet Bolt EV
Lease from $249/month (2020 Bolt EV, National) 0% APR for 72 months + $4,750 Dealer Finance Cash (2020 Bolt EV) Up to $8,500 (2020 Bolt EV)
Chevrolet Impala
Lease from $389/month (2020 Impala, Sign & Drive) Contact dealer for finance offers Up to $2,000 (2020 Impala)
Chevrolet Corvette
Chevrolet Corvette
Contact dealer for lease offers Contact dealer for finance offers Contact dealer for cash offers



Explore the full Chevy lineup »

Insider Tips for Chevy Shoppers

Chevy discounts on new cars & trucks can vary greatly from one month to the next. We've seen offers ranging from rebates & 0% financing to big "percentage off MSRP" deals and promotions featuring Supplier Pricing or Employee Pricing discounts. As a result, the timing of your purchase could make a big difference in defining how much you'll save. As always, it's important to always read the fine print.

We find that it's not uncommon for Chevy to advertise discounts worth over $5,000 off models like the Malibu and Equinox. However, if a discount is based on a sale involving 20% off MSRP, the amount you save will vary based on configuration. In many cases, you may find that the discount is based on the most-expensive version of a vehicle with options you may not want. This tactic has allowed the brand to tout discounts worth nearly $12,000 in the case of the Corvette.

Chevy is continuing to scale-back its sedan lineup. Most recently, this has resulted in the Cruze and Volt being discontinued. Hybrid car shoppers may want to consider another brand like Toyota or Ford due to an increasing lack of choices. That said, SUV shoppers will find a greater range of vehicles to choose from, including the new TrailBlazer with a base price under $20,000. However, consumers should know that many of Chevy's base models are excluded from incentives.

Base models like the Colorado 2SA, Malibu L, Equinox L, and Blazer L all boast low prices but are actually excluded from special offers for buying & leasing. As a result, consumers may actually find them more expensive than pricier styles. Compare your options carefully because you may find that a nicer vehicle can get you access to better discounts or financing rates as low as 0% APR for up to 72 months.

Cheap leases on Chevy trucks and SUVs aren't uncommon, especially around major holidays. However, be on the lookout for incentives you may not be eligible for. For example, we've seen many cases in which Chevy lease offers include a bonus worth as much as $1,500 for those currently leasing a competitor or another Chevy. If you don't qualify, you may end up having to pay a higher price.

If you're a recent graduate, don't forget to ask about the GM College Discount. If you qualify, you'll get access to GM Supplier Pricing that can be combined with most advertised incentives for buying or leasing. It's a nice way to get hassle-free pricing if you're interested in avoiding having to haggle on price.

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, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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