Best Chevy Deals & Must-Know Advice In February

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 - February 4, 2021

Financing is the way to go thanks to Chevy's 0% APR deals. In the case of the 2021 Equinox, shoppers have the choice between 0% APR for 72 months plus $2,650 down payment assistance or $4,000 in cash rebates. Even the popular 2021 Silverado 1500 features interest-free financing for 72 months.

Leasing remains a great value on models like the 2021 Camaro LT1 V8 which starts at just $274/month and is cheaper than the turbo model. For those looking for something more practical, the 2021 Trailblazer is a great choice starting at $209/month.

Offers have been extended through March 1, 2021 but can vary by region. Examples listed here are for California.

Best Chevy Lease Deals, Financing Incentives & Lease Deals

Model Best Chevy Lease Deal Best Chevy Financing Deal Best Chevy Rebate
Chevrolet Trax
Chevy Trax
Lease from $189/month (2020 Trax, Current GM/Non-GM Lessees) 0% APR for 84 months + $2,800 (2020 Trax)
Up to $4,750 (2020 Trax)
Chevrolet Equinox
Chevy Equinox
Lease from $199/month (2021 Equinox, Current GM/Non-GM Lessees) 0% APR for 72 months + $2,650 (2021 Equinox) Up to $4,750 (2021 Equinox)
Chevrolet Bolt EV
Lease from $284/month (2020 Bolt EV, GM/Non-GM Lessees) 0% APR for 84 months + $7,000 (2020 Bolt EV) Up to $12,133 (2020 Bolt EV)
Chevrolet Colorado
Lease from $259/month (2021 Colorado, GM/Non-GM Lessees) 0% APR for 72 months + $900 (2021 Colorado) Up to $3,250 (2021 Colorado)
Chevrolet Silverado 1500
Chevrolet Corvette
Lease from $249/month (2020 Silverado 1500, GM/Non-GM Lessees) 0% APR for 72 months (2021 Silverado 1500 Up to $4,250 (2021 Silverado 1500)

Explore the full Chevy lineup »

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Must-Know Advice For Chevy Buyers

Limited inventory. Production stoppages due to COVID-19 have affected vehicle availability across much of the country. Full-size trucks are particularly difficult to find, especially when it comes to the popular Chevy Colorado. As a result, you may need to do some searching to find a particular configuration.

Big changes in incentives. Chevy discounts can vary greatly from one month to the next, ranging from rebates & 0% financing to big "percentage off MSRP" deals and promotions featuring GM Supplier Pricing or Employee Pricing. Because of this, the timing of your purchase could make a big difference in how much you save.

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.

A major catch with base models. Shoppers should know that many of Chevy's base models are excluded from incentives. 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.

Unusually cheap leases. Low-priced 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.

Fewer passenger cars. Chevy is continuing to scale-back its sedan lineup. First, the Cruze and Volt were discontinued. Then, we lost the Impala and even the affordable Sonic is on the chopping block. Shoppers may also be surprised to learn that Chevy doesn't offer a single hybrid model.

Hybrid car shoppers may want to consider another brand like Toyota or Ford due to an increasing lack of choices. In contrast, SUV shoppers will find a greater range of vehicles to choose from, including the new TrailBlazer with a base price under $20,000.

High Corvette prices. A range of production issues has made the C8 Corvette hard to find. In addition, dealer markups have kept prices at or above MSRP. Chevy even stopped taking 2020 model year orders early, instead compelling buyers to opt for a 2021 model. Convertibles have been particularly hard to find. The car continues to have a starting price of around $60k but our analysis finds that base models are rare.

Savings for grads. 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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