Should I Lease or Finance my New Chevy?

4-21-2016

When you choose Classic Chevrolet, you have a choice of leasing or financing. You may want to lease because you like a new vehicle every few years, or you may want to finance because a vehicle lasts you for quite a long time if you don’t put a lot of miles on it.

Benefits of Leasing

When you lease, you get more car for your money. Since you are paying only on the depreciation payments are lower, which means you can go for a more expensive vehicle. Depending on your credit, you may have to come up with a large down payment if you purchase a vehicle. Because you are financing less money for a lease, the down payment could be less. Just keep in mind that the more you put down up front, the less the monthly payments will be; and this goes for leasing or buying.

For those who prefer a new vehicle that is always covered under warranty, leasing might be better. Most leases last approximately three years, and this is usually the length of the new car bumper to bumper warranties. When the lease is up, you pick up a new vehicle with another new warranty. And, you always get any new upgrades or technologies the auto manufacturer implements.

The Downside of Leasing

When you lease a vehicle, you are limited to the number of miles you can drive. Once you pass the restrictions, you are charged a fee per mile you drive. Depending on how much overage you have, those extra miles could really add up, giving you a huge payment when you turn the vehicle in.

You won’t be able to make any modifications to the vehicle unless they are minor modifications that can be reversed before you turn it in. You’ll have to pay a fee for any alterations you make that are not reversed.

And the biggest downside to leasing is that you’re just renting the vehicle and paying interest to finance it. You won’t be building up any equity in the vehicle. You’ll either have to lease a new vehicle, but the vehicle from the dealership or finance another vehicle.

Benefits and Drawbacks of Financing

When you finance a vehicle, you can keep it as long as you want. And, you own the vehicle once the loan is paid off, which means you can build equity in the vehicle. You can also make any modifications you want. And, you are not charged for going over the mileage restrictions.

If you keep the vehicle in good shape, once the loan is paid off, it’s yours and you won’t have any more car payments. Ah, the freedom!

When you finance, you roll the dice on the vehicle’s residual value. If you plan on keeping the vehicle for over five years, this isn’t as important, but if you sell the vehicle four or five years down the road, you could actually lose money.

And, you might need a large down payment to purchase a new vehicle – up to 20 percent. To get the payments to fit in your budget, you’ll have to increase the number of months you finance the vehicle. And when you do that, you are paying more interest.

Visit Classic Chevrolet

Stop by Classic Chevy to test drive a new vehicle and take into consideration the benefits of leasing or financing to decide which way is best for your situation.

April Events in DFW You Don’t Want to Miss

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Looking for the best events happening in DFW this April? Look no further. If you want to make plans for the upcoming month and attend the best events happening in the area, mark your calendars…

Mexico 1900-1950: Diego Rivera, Frida Kahlo, Jose Clemente Orozco, and the Avant-Garde

Continuing through July 16, the Dallas Museum of Art will be the exclusive U.S. exhibitor to a collection of modern Mexican art, featuring work by Diego Rivera, Frida Kahlo, and other artists of the first half of the 20th century. Comprised of over 200 works of art, the collection premiered in Paris last October. The exhibition helps broaden our understanding of what modern Mexican art means, and diversify the artistic narratives attributed to the country.

Dallas Symphony Orchestra Presents Concerts on the Go

The Brass and Percussion sections of the Dallas Symphony Orchestra will appear in a series of concerts throughout the month of April across DFW. The program will feature the music of Percy Grainer and Claude Debussy among others, specially arranged for brass and percussion. Check out DSO’s website for a complete list of times and locations.

Easter Weekend

There are a number of fun events happening Easter weekend, including:

Easter fun for Every Bunny – Kids 12 and under can enjoy Easter by snapping a photo with the Easter Bunny, receiving a Reunion Tower balloon and completing an Easter-themed activity sheet, all with the purchase of a general admission ticket at Reunion Tower on April 15.

Easter in Lee Park and Pooch Parade – Dallas’ beloved Easter tradition Easter in Lee Park, hosted by the Lee Park and Arlington Hall Conservancy and the City of Dallas returns to the park on Sunday, April 16, from 1:00pm – 4:00pm. Bring a picnic basket and blanket for an afternoon of festivities including the famed Lee Park Pooch Parade sponsored by Kroger, live music from The Gypsy Playboys and DJ Jen Miller, an Easter egg hunt, photos with the Easter Bunny and food trucks.

Visit Classic Chevrolet

Stop by Classic Chevrolet this month if you need a new ride to get to all of DFW’s hottest events. At Classic Chevy, you can test drive both new and used vehicles, ask any questions you may have concerning features and performance, and leave with the perfect car, truck, or SUV.

The 2017 Chevy Impala

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If you are in the market for a new sedan, stop by Classic Chevrolet to test drive the 2017 Chevrolet Impala. This luxurious sedan comes with Texas-sized horsepower. The Impala also features tons of convenience and safety features, making this the perfect family car.

Engine and Transmission

The 2017 Chevrolet Impala features a 2.5-liter EcoTec double overhead cam engine with variable valve timing and a variable valve lift intake. It also features the new auto stop/start feature. The engine is backed by a six-speed automatic transmission. This combination makes 196 horsepower at 6,300 rpm and 186 pound-feet of torque at 4,400 rpm.

Safety and Security Features

Safety and security features include four-wheel ABS disc brakes, brake assist, StabiliTrak stability control system, traction control, OnStar Directions and Connections for 6 months and 10 airbags. Airbags include frontal and knee airbags for the driver and front passenger, a passenger sensing system and side impact seat-mounted and roof rail airbags for the front and rear outboard seating positions.

OnStar Directions and Connections features turn-by-turn navigation, automatic crash response, roadside assistance and stole vehicle assistance.

Additional features include safety belt pretensioners, rear child security door locks, the LATCH system for child seats, an emergency road tool kit and a tire pressure monitor.

Convenience Features

Convenience features include an eight-way power driver’s seat, four-way adjustable head restraints, a floor console with covered storage, hidden storage behind the 8-inch diagonal touch screen, removable cup holders, umbrella storage in the front door, hidden storage in the trunk, a noise cancellation system, leather wrapped steering wheel on a tilt and telescopic steering column, a driver information center, compass, express up and down on the driver’s window and express down on all other windows, automatic on/off headlights, remote keyless entry, cruise control, a theft deterrent system, dual zone air conditioning, automatic climate control and a rear window defogger.

Additional features include three auxiliary 12-volt power outlets, map pockets, a day/night rearview mirror, illuminated vanity mirrors and leather-wrapped shifter knob.

Visit Classic Chevrolet

Stop by Classic Chevy to test drive the 2017 Chevrolet Impala and to learn more about this model’s convenience, safety, security and entertainment features.

 

Chevy Bolt EV Captures Green Car of the Year Award

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The Green Car Journal has been recognizing outstanding green cars every year since 2011. This year they’ve awarded the 2017 Chevy Bolt EV as their Green Car of the Year. The Chevy Bolt EV also won Motor Trend’s Car of the Year. It’s continuing to reap awards for multiple reasons.

Space, for one, sets the Bolt EV apart. Despite being a five-seat, five-door compact hatchback, it has more interior volume than other compact models.

The Bolt’s acceleration is also impressive. Tests confirm Chevy’s claim that it can go from zero to sixty in 7 seconds.

Another reason it gets top marks is for its impressive range of 238 miles between charges.

Add to that the price (a starting MSRP below $30,000), and you’ve got a car that’s got a lot going for it and, more importantly, a lot going to the owner of a Chevy Bolt EV.

The secret to the Bolt EV’s impressive driving distance is Chevrolet’s cutting edge regenerative braking system, which generates and stores energy every time you apply the brakes. Astute drivers, with a bit of practice, can actually use the system to prolong their drive distance.

The Bolt EV beat out four other finalists to nab the top spot, including the BMW 330e, Chrysler Pacifica, Kia Optima, and Toyota Prius Prime.

Visit Classic Chevrolet

Stop by Classic Chevrolet to test drive the 2017 Chevy Bolt EV or to learn more about it. If you need some auto service, Classic Chevy can help you; just schedule a service appointment with a technician.

The 2017 Chevy Silverado

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Stop by Classic Chevrolet to test drive the 2017 Chevrolet Silverado if you need a truck that will do it all. The will haul a trailer full of horses or cattle or it can do something that doesn’t require a lot of power, like taking a road trip or going to the grocery store.

Exterior

The features 18-inch painted steel wheels, all-season tires, frame-mounted recovery hooks in the front, chrome bumpers, rear bumper corner step, halogen projector headlights, solar absorbing glass, bed rail and tailgate protection caps and a locking tailgate.

Interior

The interior features a 40/20/40 split front bench seat, a center fold-down armrest with storage, a folding bench rear seat, tilt steering column, driver information center with a 3.5-inch diagonal display, express up and down driver window, express down windows, power door locks, air conditioning, cruise control with control mounted on the steering wheel and assist handles on the driver and passenger A-pillars.

Mechanical

The 2017 Chevrolet Silverado features a Vortec 6.0-liter engine with variable valve timing that can run on flex fuel. The engine is backed by a six-speed automatic transmission with powertrain grade braking, cruise grade braking, a tow/haul mode and electronic controls. This combination makes 322 horsepower at 4,400 rpm and 380 pound-feet of torque at 4,200 rpm.

Additional features include a 4.10 ratio rear axle, a high-capacity air cleaner, heavy duty locking rear, trailering hitch platform, seven-wire harness for trailering, a suspension package, an external engine oil cooler, auxiliary external transmission oil cooler, a heavy-duty battery with 720 cold cranking amps, four-wheel ABS disc brakes and an aluminized stainless steel muffler and tailpipe.

Safety Features

Safety features include StabiliTrak with traction control and proactive roll avoidance, electronic trailer sway control, hill start assist, daytime running lights, an airbag deactivation switch for the front passenger, OnStar, and driver and front passenger airbags.

Visit Classic Chevrolet

Stop by Classic Chevy to test drive the 2017 Chevrolet Silverado and to learn more about this model’s capabilities and its convenience, entertainment, safety and security features.

Slow Cooker Lo Mein

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If you need an easy, filling, and healthy meal on a busy day, try this slow cooker Lo Mein. Not only is it easy to cook (just prep the ingredients and allow your slow cooker to do the work for you), but it’s easy to clean up as well.

Slow Cooker Lo Mein

Ingredients

  • 2 pounds boneless pork shoulder
  • 3 cups broccoli florets
  • 2 carrots, julienned
  • 2 stalks celery, diced
  • 1 cup snow peas
  • 1 (5-ounce) can sliced water chestnuts, drained
  • 1 pound spaghetti

For the sauce

  • 1/3 cup reduced sodium soy sauce
  • 3 cloves, garlic, minced
  • 2 tablespoon brown sugar, packed
  • 1 tablespoons sambal oelek (ground fresh chile paste), or more, to taste
  • 1 tablespoon oyster sauce
  • 1 tablespoon freshly grated ginger
  • 1 teaspoon sesame oil

Directions

  1. Line a slow cooker with a slow cooker liner for easier cleanup. Open slow cooker liner and place it inside a 5- to 6-quart slow cooker bowl. Fit liner snugly against the bottom and sides of bowl; pull top of liner over rim of bowl.
  2. Whisk together soy sauce, garlic, brown sugar, sambal oelek, oyster sauce, ginger and sesame oil in the slow cooker. Add pork shoulder, then cover and cook on low heat for 7-8 hours or high for 3-4 hours.
  3. Remove pork shoulder from the slow cooker and shred the meat before returning to the pot with the juices. Stir in broccoli, carrots, celery, snow peas and chestnuts. Cover and cook on high heat for 15-30 minutes, or until vegetables are tender.
  4. Cook pasta according to package instructions; drain well.
  5. Serve pasta immediately, topped with pork mixture.

Visit Classic Chevrolet

Stop by Classic Chevrolet if you’re on the market for a new or used car, truck, or SUV. Test drive a vehicle and learn more about any model on the lot.

It’s All About Pepperdust

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While there’s always the classic Chevy colors, like red, white, or blue, there are always new colors being introduced, and one of these new colors is especially striking: Pepperdust Metallic. We’ll take Pepperdust Metallic on just about any model. It’s a cool and smooth grey that looks striking from any angle. Kind of the salt and pepper of the car world, it gives off a distinguished vibe.

If you want Pepperdust Metallic on your Chevrolet, you can get it on these models across various trim levels:

  • Sonic
  • Spark
  • Cruze
  • Malibu
  • Impala
  • Trax
  • Equinox
  • Traverse
  • Tahoe
  • Suburban
  • Colorado
  • Silverado
  • Camaro

Get Pepperdust Metallic on your favorite 2017 model today!

Visit Classic Chevrolet

Stop by Classic Chevrolet to see the new Pepperdust Metallic color in person and maybe even test drive a model that wears it. If you’re on the market for a new or used Chevrolet in Grapevine, or the greater DFW area, stop by Classic Chevy today to see what we’ve got to offer.

It’s Always a Lucky Day at Classic Chevrolet

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When you go to Classic Chevrolet to shop for a new car or to schedule service, it’s always a lucky day. With nearly 5000 customer reviews and a 4.5 star rating, any interaction at Classic Chevy is going to leave you smiling.

Here’s what some of our satisfied customers have to say:

  • Carl I. from Grapevine: “This is my third purchase at Classic Chevrolet. I’m sure there will be a fourth.”
  • Tynessa C. from Lewisville: “I was informed at every step of the way during the process.”
  • Aileen F. from Grapevine: “We have purchased four new cars and two used cars from Classic over the years. We trust Classic sales and service. Over the years, we have gotten to know Carl Newman. He is our answer guy at the dealership and always treats us well.”
  • Lawrence D. from Arlington: “Scheduled a service appointment and was in and out in 30 minutes total. They also washed the car. Classic Chevrolet is the best!”

Getting your car serviced is always feels like a hassle, but not at Classic Chevrolet. The staff at Classic Chevrolet want you back on the road as soon as possible, so the dealership provides excellent, quick, and professional service.

  • Making the Appointment: This doesn’t have to be a hassle. You can call in or make your appointment via Classic Chevy’s website. Simply click through to the Service page, and then click the “Schedule Service” link on the left. Once you get to the page, enter your information. Watch your email for a confirmation.
  • Courtesy Shuttle: If you don’t have time to wait while your vehicle is being serviced or if you are getting extensive work done that may take all day or longer, you can take advantage of our one-way courtesy shuttle that will drop you off where you need to go.
  • Enterprise Rental: Classic Chevy also hosts an Enterprise Rental office. You can walk over to the office and rent a vehicle for the time you need it. That way, you won’t have to worry about arranging a ride back and forth to work or missing out on doing lunch break errands.
  • Waiting: If you choose to wait for your vehicle, you can enjoy our comfortable waiting room with soft leather chairs and refreshments. You’ll feel right at home and your service will be done before you know it.

You can even choose the services you prefer on Classic Chevy’s website. If you know what your vehicle needs, just click through our service menu to schedule services such as oil changes (regular, diesel, dexos or synthetic), tire rotation (four or six tires), alignments (two or four wheel), flush services (air conditioning ventilation, brake system, cooling system, power steering system, automatic transmission), induction services (fuel and air), spray-on bed liner and more.

If you have any questions about what services your vehicle requires, contact Classic Chevrolet for any answers you need.

4 Things You Should Know About the 2018 Camaro

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The 2018 Camaro was debuted at the Daytona 500 recently and it’s easily the most hardcore Camaro ever conceived.  Here’s what you should know about the upcoming sports car.

1. It has quite an engine.

The 2018 Chevy Camaro carries Chevy’s most powerful engine and its best suspension components in one package. The 2018 Camaro will come with the 650-hp LT4 coupled with a six-speed manual transmission with Active Rev Match.

2. It’s built for speed.

With wider air intakes, numerous aerodynamic add-ons, and wider tires, the 2018 Camaro is built for speed, from racetracks to highways. The Camaro is designed to stay planted and cool while it achieves ridiculous speeds.

3. It will be available later this year.

While there’s no firm date set or pricing announced, the 2018 Camaro is coming this year. Keep your eyes peeled for more information as it becomes available.

4. You can find it at Classic Chevy when it becomes available.

When it does come out, you can find it at Classic Chevrolet. Until then, come and test drive the current model year of the Camaro if you can’t wait to give a Camaro a spin. Classic Chevy can also help you with service, parts, and accessories for your current vehicle. Stop and see us today!

Texas Spring Break Road Trips in Your Chevy

Pier at Galveston, Texas

If you want to take a quick spring break getaway in Texas this week, try one of these classic Texan destinations for some sun and fun in your Chevy.

Galveston

Most Texans know that Galveston is a hot vacation destination. However, many don’t know that it’s one of Texas’ most historic cities. Travel just an hour south of Houston, and you can enjoy more than 32 miles of beach, stunning Victorian architecture, museums, and, of course, plenty of sun and sand. Galveston is the ideal getaway spot for travelers seeking uncrowded beaches that are located minutes from attractions, eateries, and more.

South Padre Island 

South Padre Island is on nearly every list of top Texas destinations. That’s because South Padre Island, located near the Mexico border, offers warm temperatures, towering palm trees, and stunning Gulf Coast beaches. Spend your days on the sand, engage in a number of water-based activities (like surfing, paddleboarding or renting a wave runner), play a round of golf or venture to the action-packed Schlitterbahn Beach Waterpark. South Padre Island is overflowing with things to do for visitors of all ages.

Austin

Not every spring break getaway has to involve sand and the sea. The bustling capital city of Texas offers live music nearly every night of the week, world-renowned eateries, an abundance of unique shops, and must-visit festivals at all times of year. Culture is something there’s no shortage of in Austin.

Corpus Christi

Corpus Christi offers picturesque gulf beaches, the Texas State Aquarium, the Padre Island National Seashore, seaside restaurants, marinas, the USS Lexington Museum, and plenty of downtown fun to make this spring break the best one yet.

New Braunfels

Another no-beach option, New Braunfels could be your ideal spring break destination. This picturesque Texas town in the heart of the Hill Country is big on German-heritage. New Braunfels wows its visitors with its  historic districts, adventurous rivers, impressive golf courses, live music, shopping, family-friendly attractions, award-winning restaurants and so much more.

Visit Classic Chevrolet

Stop by Classic Chevrolet before you hit the road to any Spring Break destination. Whether you need to make sure your car is in good shape for a road trip by visiting our service department or you need an entirely new vehicle, Classic Chevy can help!