What is Capitalized Cost When Leasing a Chevrolet Silverado 1500?

The capitalized cost, or cap cost, refers to the total amount financed when leasing a vehicle. A lower cap cost means lower payments. Lower cap cost by trading in a vehicle, putting money down, or negotiating selling price.

What is Residual Value When Leasing a Chevrolet Silverado 1500?

The residual value is the dollar amount that the leased vehicle will be worth after the lease period. It's set by the manufacturer and is determined via actuarial data. This value partially determines how much Arundel, ME, lessors will pay per month.

Benefits of Leasing a Chevrolet Silverado 1500

• Leasing offers a lower monthly payment, since you're "paying for what you use"
• Leasing is easy, as you don't have to worry about selling your vehicle at the end of the lease term
• Leasing allows you to always drive a new vehicle with the latest technology, performance, and features

Cons of Leasing a Vehicle

• You can't build equity in a leased vehicle, so you'll always have a car payment
• Generally, you can't modify or customize your vehicle during a lease period
• Mileage restrictions can be problematic if you drive more than expected

What is Traditional Vehicle Financing For a Chevy Silverado 1500?

Traditional vehicle financing allows you to drive a car without paying for it with cash. Instead, the purchase price is spread evenly across monthly payments. Financing a car works like any other loan - you have interest rates, fees, and other costs associated with it. Generally, you'll save money by paying the vehicle off as quickly as possible.

Benefits of Financing a Chevy Silverado 1500

• Long-term ownership means you're building equity in something that you can eventually sell for a new vehicle or other large purchase
• There are no restrictions on how you use your vehicle, like mileage or modification
• Sometimes financing can be very financially sound, especially when combined with low interest rates

Cons of a Vehicle Loan

• Generally, monthly payments are higher than they would be for a lease
• Long-term commitment means you're locked into the car, even if you want something new
• You'll need to repair the vehicle as it leaves its warranty period

New Chevrolet Silverado 1500 Performance & Capability

The new Chevy Silverado 1500 is a capable tow rig. The new truck tows up to 13,300 pounds when properly equipped, plenty for work or play in the Sanford, ME, area.

Four-wheel drive and up to 420 horsepower. The Chevy Silverado 1500 features an available 6.2-liter V8 engine that makes 420 horsepower and 460 pound-feet of torque. Available four-wheel drive ensures the truck can handle any obstacle.

Premium standard features. The Chevy Silverado 1500 helps Kennebunk, ME, drivers stay safe and command attention on the road, thanks to standard features like Intellibeam headlights, 17-inch Ultra Silver painted wheels, and a locking tailgate.

Find a lease payment that works for you or your business's needs today with Fred Caldwell Chevrolet.

Chevrolet Silverado 1500 Interior Features

What Technology Does the New Chevrolet Silverado 1500 Offer?

Stay connected with a standard 7.0-inch diaganol color touchscreen or available 13.4-inch system with Google built-in. From navigation to adjusting driver assists to changing your music, the Chevy Silverado 1500's display is easy-to-use and premium feeling.

Standard Apple CarPlay™ and Android Auto®. Stay connected and engaged with the outside world as you commute throughout York, ME, and the surrounding areas.

SiriusXM radio trial subscription and a powerful audio presence. Choose from a standard six-speaker audio system or upgrade to a Bose® premium unit for even more aural enjoyment.

Heated and ventilated seats, a power sliding rear window, and more. Stay comfortable on your drives throughout Clover, SC, thanks to features like dual-zone automatic climate control.

Is the New Chevrolet Silverado 1500 Safe?

Automatic Emergency Braking and Front Pedestrian Braking come standard. Both systems work at speeds between 5 and 50 mph to help Wells, ME, drivers avoid collisions by applying the brakes automatically.

The confidence of OnStar® means legendary connectivity and responsiveness when you need it most. OnStar® includes Voice Assistance, Automatic Crash Response, and so much more that ensures even in the worst case scenarios, the Silverado 1500 has your back.

Lane Keep Assist with Lane Departure Warning monitors your location in the lane. Keep you and other Portland, ME, drivers safe by staying in your lane, even when the going gets tough.