The Options Loan vs Lease

If you're wondering what the big difference between loan and lease is, you can rest easy! Simply put, leases are an option for drivers that don't want to commit to a Chevrolet for a long period of time. Leases usually last between two to six years and the monthly payments are dependent upon the depreciation rate of the vehicle selected. Comparatively, loans are for New Rochelle drivers considering buying a vehicle - the main difference being you'll be keeping the vehicle after you've paid it off. Of course, the differences are a bit more nuanced than the above description, but New York, Bronx and Scarsdale drivers can look to the New Rochelle Chevrolet finance team to help sort through details.