Leasing is one of the most popular ways to avail of a new car for usage over a couple of years. With that in mind, Chevrolet is providing some incredible chevy traverse lease deals for this month’s specials. If your existing lease is about to expire as is the case with most drivers, the Chevy traverse is on sale across the country.
This family favorite comes with a $2700 price cut due to demoting some standard features to option status. Just as the equinox lease deals, prices on the traverse will depend on the model and year of make.
The Popular LT model is the easiest to find with dealers, followed by the upscale Premier model. If you are looking for factory cash offers, the base LS configuration might not be the best model to purchase. Most buyers are avoiding this model since it does not carry any cash rebates from the manufacturer. 2020 lineup also features the luxurious country models, including the sporty RS.
The 2020 Traverse carryover continues trickling in at dealers with healthy incentives from the factory. This could be a great option if you are looking to lease the Traverse this month. While factory offers for the traverse are available nationwide.
All buyers can get a $2,000 factory rebate on the traverse. This offer increases to $2,750 in some areas such as New York, California, and Florida, among other major cities. If you are in luck, you could also qualify for a discounted General Motors supplier pricing for every buyer on 2020 models.
The 2020 Traverse carries a $1500 rebate or $2,250 if you are in the select regions. You may also want to check on the special truck leases for this month.
Chevrolet Traverse Lease Deals Details
For those who need to go newer on a lease, the 2020 Traverse LT is starting from $329 for 36 months, for 10,000 miles every year with $4399 when signing.
However, with a $451 effective monthly cost, we find it short of a great deal in our books, although it is a similar offer to the current 2019 model. Therefore, if you opt for leasing, going with the 2020 model would be a better deal.
Dropped Rates With Cash Offers
The 2020 model does not come with the standard rebate. Instead, shoppers can avail of 1.9% financing over 60-months or opt for 2.9% over 72 months. For select regions, the deal includes a $750 bonus cash. If you are in for the 2020 model, be ready to pay higher rates by a point, though the bonus cash is still available.
- Cash Incentives
Chevrolet traverse lease deals, including SUVs and trucks, are among the most incentivized offers in the 2020 market. For the lease loyalty bonus cash, Chevrolet runs a lease loyalty program worth $1,500. If you are out of time, a no money down lease deal might be a good alternative.
Those bringing in models from other manufacturers stand to benefit from a $2,000 conquest bonus cash on GM select market program. On top of that, Chevrolet select market bonus cash avails another $750, and a $2,000 GM consumer cash program.
- Lower Rates
Financing incentives are also lined up for the taking if you are interested in purchasing the traverse through the GM financing model. The Chevrolet select market bonus cash programs favor shoppers in need of financing with another $750.
However, the best part is their promotional APR offer for 12, 36, 48, 60, and 72 months with 1.2%, 1.9%, 1.9%, 1.9%, and 2.9% respectively. For short-term usage, consider renting a car for a month for 300.
Essentially, lease deals for the Chevy traverse carry a total of $5,500 in factory and supplier rebates this month. You will need to contact your local dealers to see the offers to which you are eligible.
For example, the conquest cash bonus is available for customers who have a 2005 or newer non GM truck or car models, including the Cadillac, Oldsmobile, GMC, non-Buick, Pontiac, Chevrolet, Saturn, or Hummer. If you have a household member with any of these models, the offer is transferable to same-household individuals.
Selecting the Right Chevy Traverse
The main virtue of the Traverse has been its interior space. The car can accommodate eight adults spreading over its three rows. Carrying a full crew on board, the traverse provides a maximum cargo space of 23 cubic feet.
However, folding the second row increases the traverse cargo space capability to 58.1 cubic feet and a total of 98.2 cubic feet by getting all seats out of the way. Moreover, there is another 10-inch deep storage well hiding under the floor.
Most of the traverse’s models come with a 3.6-liter V6 engine delivering 310 horsepower plus 266 of torque in pound-feet. The nine-speed automatic transmission pairs with the powerful engine to avail of an ideal family car. With seven trim levels, the traverse caters to the dynamic market demands. The trim levels as discussed below:
1) The L Trim
This trim level carries a $30,925 price tag, inclusive of the destination charge costing $995. The base L can accommodate 8 passengers, and carries the following features:
- A rearview camera
- 6 USB ports
- Outside heated mirrors
- 18’’ wheels
- LED running lights
- Tri-zone climate control
- Chevy’s teen driver system
- Keyless entry and ignition starting
- Chevy 7-inch MyLink infotainment system
If you are looking for a package option or all-wheel drive, you won’t find it with the L base trim configuration. Exterior colors are also limited to white and black shades.
2) The LS Trim Level
This trim level starts from $33,795 including the destination charge of $995. However, unlike the L trim level, buyers have a wide range of options with the LS configuration. Besides coming with deep-tinted glass, shoppers can avail of some additional colors and options such as:
- All-wheel drive for an extra $2,000
- A DVD player entertainment system at the rear costing $1995
- 20” gloss black wheels for $1995
- A black accent package costing $600
- The blackout package at $870
- Chrome essentials package priced at $225
- The floor liner package costing $385 for an all-weather floor plus cargo liners
3) The LT Cloth Trim Level
Availing the LT Cloth model will cost you $36,295, for an eight-passenger seating arrangement at no extra charge. Notable features in this Chevy traverse configuration include:
- Roof rails
- Second-row captain’s seats
- Fog lights
- Power driver seat
- Side mirrors fitted with turn signals
However, the LT Cloth provides the following optional features:
- Convenience package at $1795
- Driver confidence package at $1795
Pairing the two add-ons avails:
- Remote starting
- Blind-spot monitoring including a rear cross-traffic alert
- Power liftgate
- 8-inch infotainment screen
- Rear parking sensors
- Heated front seats
All-wheel-drive models have all these add-ons as standard features, adding $3,800 to their price. However, there is a Hit The Road package costing $975 that bundles roof-mounted rails and molded assist steps.
4) The RS Trim Level
This model starts at $43,895 for a turbocharged four-cylinder engine with a 2.0-liter capacity. Moreover, it has a sportier exterior trim, including every feature in the LT premium package. While the 2.0-liter does not come as an all-wheel drive, you can add it to the RS trim level including the V6 engine for an extra $2,600.
5) The Traverse Premier Trim Level
Traverse Premier is a plush model starting at $46,295 and includes ventilated front seats with built-in driver memory. Other notable features include:
- Wireless device charger
- Automatic dimming side mirrors
- Power adjustable steering wheel
- LED headlights
- Hands-free power liftgate
For additional packages, you can sign up for the Driver Confidence II Package, which costs $475. The package avails the following features:
- Automatic high beams
- Lane-keeping assist
- Trail distance indicator
- An automatic emergency braking system that detects pedestrians
Paying an additional $2,900 for an all-wheel-drive will avail all these features along with adaptive headlights, including a trailering package. Moreover, there is the Red Line Edition Package, which is exclusive to the Premier Trim level for $2,495. The package adds red and black exterior accents, matching 20-inch wheels, including a panoramic sunroof.
6) The High Country Trim Level
Costing $53,995, the High Country model is standard with all-wheel drive, including all safety features you will find in the Premier. However, for the higher price, here are the additional features:
- The automatic locking rear differential
- Upgraded leather interior
- Adaptive cruise control
- Power folding third row
We find it worthy to mention that the new Chevy traverse L configuration is primarily for advertising purposes. You will not find it with most dealers when looking for chevy traverse lease deals because the LS trim level is the true base model. However, this base configuration is still lacking in equipment for a family automobile.
If you want to get a perfect balance of features and price, signing up for the LT model would avail a better deal. Scaling up for the configuration is easier without going overboard. For buyers interested in all the safety technology that Chevrolet has to offer, leasing the High Country or Premier will do.
Chevy Traverse Lease Deals in NJ
Community dealerships often carry regional special offerings for most models, including the Chevy traverse. For instance, chevy traverse lease deals NJ avails excellent deals for this month.
Leasing the New Traverse with a manufacturer recommended selling price of $3418 starts at $225 for 24 months, with a $1,995 down payment and 10,000 miles per year limit. Going over the mileage limit attracts a $0.25 per mile penalty.
The prices include all the consumer costs, save for licensing, taxes, and registration fees. Moreover, there is an additional acquisition fee costing $650. However, buyers sign up for a $1,500 conquest lease rebate, to which you must qualify.
You should also check with your respective community dealers to see if you qualify for the $1000 General Motors program-pricing bonus, and another $2,000 from Chevrolet for its select market program.
GM continues availing its $750 select market bonus with residency restrictions and applies to previous loaner vehicles. Traverse includes a $250 GM card bonus, as well as the Costco member bonus to which you must qualify.
Another New Chevy Traverse lease goes for $188 per month for 24 months. Buying the model costs $32,988, which is also available through dealer financing at 1.9% APR for 60 months. For the same purchase price, the new traverse can be financed at 2.9% over 72 months.
While this lease deal has a $0 security deposit, you will be putting money down totaling $2,999 as well as the first $188 payment when signing. These prices include tags, licensing fees, and taxes.
Frequently Asked Questions (FAQ)
How much is it to lease a Chevy Traverse?
The new Chevy Traverse LT model is now leasing from $329 over 36 months. It comes with a 10,000 mile per year limit and $4,409 due at signing. This model carries an effective monthly cost of $451, which is a little on the pricey side. However, in the coming months, the offers for the New 2020models are expected to improve.
Are Chevy Traverse is a good cars?
The Chevrolet Traverse is an excellent sports utility vehicle. It makes for an incredible family car or an everyday vehicle, especially for carpooling. This car has a lot of room for cargo as well as an easy to use entertainment system. Therefore, if you need a spacious family car providing excellent safety ratings, with a 5,200 pounds towing ability, the Chevy traverse could be the best option in town. Besides, the Chevy traverse packs some great fuel economy for an SUV.
Chevy traverse lease deals in 2020 are similar to purchasing a new truck or car. The most important part of leasing is doing your research to compare available models online. Because prices tend to vary from one dealership to the next, it is vital to see what each dealer is availing of.
You should be keen to find out the manufacturer’s recommended retail price or MRSP for your traverse configuration. This will give you a head start on the prices to expect at the dealership. Test-driving your top choices is a good rule of thumb.
It helps to determine the most suitable model and features for your needs. Thereafter, you will be choosing features such as the trim level, color, and other options you need in the SUV.
You should take the time to consider financing options and possibly discuss this with your dealer. Understanding the difference between leasing and buying will help you decide if you are getting a good deal. Differences often come at the close of the lease.
When done with the lease, it is essential to determine whether to purchase the car downright or trade it in for a new one. The choice is entirely yours, although most shoppers prefer trading in for a new model every few years.