Chevrolet is a division of the American manufacturer General Motors (GM). Based on your needs and budget, the automotive company has a wide range of models to choose from such as SUVs, crossovers, sedans, hybrids, vans, and sport models.
Read on to review a list of the best Chevrolet car models of 2020 and several ways to access financing for your preferred model.
Cars are depreciating assets which means that the moment you drive off the lot, your vehicle is already worth less than you owe. When searching for a car loan, always keep an eye out for high-interest traps by considering the following:
Unlike mortgages or a credit card, you can usually get a car loan even if you have weaker credit. The reason? It's relatively easy for the banks to repossess a car if you don't pay. If you have a good rating (750+), you'll likely be entitled to competitive rates. Similarly, if you have bad credit (650 or lower), you'll be quoted higher APRs.
Over the years, Chevy has successfully manufactured models ranging from sedans to SUVs to sports models that are used in global racing events. Selecting the right car from this vast variety of models is the first step for the buyer. Listed below are some of the best-selling models of 2020.
Many expected the Impala would be discontinued after it's 2019 year, but it continues to be a hit for its value.
On average, you can purchase a 2020 Impala for between $31,620 - $36,720.
This is a compact four-door city car available at four trim levels that differ primarily in standard feature content. All Sparks come with a 1.4-liter four-cylinder engine that produces 98 horsepower and 94 lb-ft of torque.
Depending on the model you choose, the MSRP of this car ranges between $13,220 - $17,720.
The 2020 Equinox is a five-passenger compact crossover sold in four trims: L, LS, LT, and Premier. It consists of a 6-speed shiftable automatic transmission.
Based on the selection of trims, the MSRP of this car is between $23,800 - $35,700.
Silverado is considered to be America's most fuel-efficient pickup, with 23 MPG in the city and 33 MPG on the highway.
Depending on the trim level, the MSRP of the 2020 Silverado has a base price of $28,300, with the higher end models going up to $32,900.
The 2020 Camaro is available as a four-seat coupe or convertible, with 1LS, 1LT, 2LT, 3LT, LT1, 1SS, 2SS, and ZL1 trim levels. The LS and LT models come standard with a turbocharged four-cylinder and a V6 is available. The LT1 and SS models have a V8, and the ZL1 has a supercharged V8.
The MSRP depends on the trim you pick, varying between a modest $25,000 and $62,000.
After deciding on the model of the car, you can ask for quotes from different dealers and outside lenders to identify the best deal. Additionally, be sure to negotiate when armed with different options to obtain the lowest APR.
You can start with a fixed budget first and get your loan approved before proceeding with a purchase. In addition to banks and credit unions, check out online lenders which can help you get preapproved for a loan for your next auto.
Chevy has a wide array of cars to choose from. Focus on your budget first, do the research, and read online reviews before deciding on the best car. Once you have picked, start by comparing the available financing options before ultimately choosing a loan that you can afford.
