Automotive

2020 Chevrolet Silverado 1500 Lease

  • Last Updated:
  • Mar 8th, 2020 11:42 am
[OP]
Newbie
Jan 14, 2009
54 posts
28 upvotes
Canada

2020 Chevrolet Silverado 1500 Lease

Never leased a vehicle before, but decided to give it a go.
Just wondering how is the offer from the dealership, we specifically wanted the True North package.

(GM Employee Discount is included in the price):

It is a 2020 Silverado LT in Blue that MSRP for just over $55,000
True North package
Convenience package

Your payment would be $174 bi-weekly and including taxes and fees $197
No money down
For 2yr 20,000km per year
21 replies
Deal Guru
User avatar
Oct 6, 2010
13963 posts
8372 upvotes
Toronto
You left out lots of detail. But if you are saying that for $197 all in bi-weekly you get a brand new truck for 40,000kms over two years and zero down, yeah, I'd jump on that.
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[OP]
Newbie
Jan 14, 2009
54 posts
28 upvotes
Canada
Meeting in person tomorrow, this is all the details I have received until then.

Thank you for the quick response.
Deal Fanatic
Sep 1, 2004
5743 posts
4400 upvotes
comps wrote: Meeting in person tomorrow, this is all the details I have received until then.

Thank you for the quick response.
Truck's options are endless. It's very tough to say it's worth it or not.

MSRP is the truck is $55K. $2K discount on lease and 2 year rate of 1.9%.

All I know is if a truck has an MSRP of $55K, if I'm paying cash, anything over $45K is a bad deal.

If you want to arm yourself with information, have a go at Unhaggle.com
[OP]
Newbie
Jan 14, 2009
54 posts
28 upvotes
Canada
Xtrema wrote: Truck's options are endless. It's very tough to say it's worth it or not.

MSRP is the truck is $55K. $2K discount on lease and 2 year rate of 1.9%.

All I know is if a truck has an MSRP of $55K, if I'm paying cash, anything over $45K is a bad deal.

If you want to arm yourself with information, have a go at Unhaggle.com
Thank you for the suggestion.

Took a quick look through unhaggle.
Invoice is $42,526 + $5100 Dealer cost for the two packages which seems excellent.
Deal Guru
User avatar
Oct 5, 2008
13064 posts
7136 upvotes
Toronto
if what you have listed is right OP, you will pay $10,244 total for 2 years of driving a $55K truck.

$197 x 52 = $10,244

That seems very cheap to me.

Heck i would do that for an equivalent SUV or sedan (I have no need for a pickup) and only pay for gas and oil changes
[OP]
Newbie
Jan 14, 2009
54 posts
28 upvotes
Canada
Swerny wrote: if what you have listed is right OP, you will pay $10,244 total for 2 years of driving a $55K truck.

$197 x 52 = $10,244

That seems very cheap to me.

Heck i would do that for an equivalent SUV or sedan (I have no need for a pickup) and only pay for gas and oil changes
Thanks all, felt more comfortable with the lease due to your comments.

Signed the initial papers for the lease tonight and nothing changed from my initial post.
$197.70 biweekly for 2 years at 1.9%.
No downpayment and no additional unexpected fees.

Truck MSRP may have been 55k, but the list price is 48k.
Jr. Member
Sep 12, 2008
187 posts
43 upvotes
Brampton
Possible to get the details.....I am looking into truck lease l
Deal Addict
User avatar
Jun 12, 2008
2731 posts
476 upvotes
Ancaster
The 2020 Silverado is a sweet looking truck.
Deal Addict
Jan 8, 2007
2626 posts
1133 upvotes
Calgary
Xtrema wrote: Truck's options are endless. It's very tough to say it's worth it or not.

MSRP is the truck is $55K. $2K discount on lease and 2 year rate of 1.9%.

All I know is if a truck has an MSRP of $55K, if I'm paying cash, anything over $45K is a bad deal.

If you want to arm yourself with information, have a go at Unhaggle.com
under $200 bi weekly with 0 down on 24 months is less than a Base Civic LX sedan lease. This is a smokin deal.

OP are you an employee with GM?
Deal Guru
User avatar
Oct 6, 2010
13963 posts
8372 upvotes
Toronto
aleks wrote: under $200 bi weekly with 0 down on 24 months is less than a Base Civic LX sedan lease. This is a smokin deal.

OP are you an employee with GM?
Doesn't matter, but this does.
comps wrote: Never leased a vehicle before, but decided to give it a go.
Just wondering how is the offer from the dealership, we specifically wanted the True North package.

(GM Employee Discount is included in the price):

It is a 2020 Silverado LT in Blue that MSRP for just over $55,000
True North package
Convenience package

Your payment would be $174 bi-weekly and including taxes and fees $197
No money down
For 2yr 20,000km per year
DYI difficulty scale:
0-joke
10-no joke

¯\_(ツ)_/¯
Deal Addict
Sep 29, 2008
1151 posts
1022 upvotes
Toronto - Markham/Sc…
comps wrote: Thanks all, felt more comfortable with the lease due to your comments.

Signed the initial papers for the lease tonight and nothing changed from my initial post.
$197.70 biweekly for 2 years at 1.9%.
No downpayment and no additional unexpected fees.

Truck MSRP may have been 55k, but the list price is 48k.
Can you provide the dealer name and location? Looks to be a good deal.
Deal Guru
User avatar
Oct 6, 2010
13963 posts
8372 upvotes
Toronto
amkorp wrote: Can you provide the dealer name and location? Looks to be a good deal.

OP is far away from Toronto. Like 4hrs.

Employee discounts are not typically available at the dealer, it's either an employee or a friend can get the deal, not everyone is entitled to massive savings, but!!!!

If you actually checked https://www.chevroletoffers.ca/chevrolet-silverado-1500 looks similar, so some negotiating, and you're probably in the same ballpark.
DYI difficulty scale:
0-joke
10-no joke

¯\_(ツ)_/¯

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