Chevy Financing: What To Know in 2025
Whether you’re in the market for a truck, an SUV or a sedan, you’re likely to find a Chevrolet that fits your lifestyle and budget. Here’s what you need to know about Chevy financing.
How do your Chevy payments compare to the average?
Use our auto loan calculator to determine how much car you can afford.
We analyzed data from trusted sources, such as Edmunds and Experian, to estimate the average monthly payments for Chevys based on credit score.
Here’s how to use our guide to help you shop for a good deal on a Chevy loan.
1. Check your credit. You’ll need to know your credit score to use our study. Don’t know your score? Check your credit for free with LendingTree Spring.
2. Compare monthly payments. Find your credit score and Chevy model in the tables below and compare your quotes with our estimates. If you don’t see your preferred model, choose the one with the closest manufacturer’s suggested retail price (MSRP).
Car buyers with better credit tend to choose shorter terms. They’ll have higher monthly payments but pay less interest over time.
Learn more about how we calculated average monthly Chevy payments.
Estimated average monthly payments for new Chevys
| Model | Starting MSRP | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2026 Chevy Trax | $21,600 | $190.41 | $171.79 | $161.98 | $169.39 |
| 2026 Chevy Tahoe | $60,400 | $963.22 | $869.02 | $819.39 | $856.86 |
| 2026 Chevy Traverse | $40,800 | $572.83 | $516.81 | $487.30 | $509.58 |
| 2026 Chevy Colorado | $32,400 | $405.52 | $365.86 | $344.97 | $360.74 |
| 2026 Chevy Silverado 1500 | $36,900 | $495.15 | $446.73 | $421.22 | $440.48 |
Estimated average monthly payments for used Chevys
| Model | Fair purchase price | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2020 Chevy Blazer | $16,132 | $200.21 | $174.70 | $155.58 | $150.27 |
| 2020 Chevy Tahoe | $24,769 | $411.61 | $359.17 | $319.86 | $308.93 |
| 2020 Chevy Traverse | $16,430 | $207.51 | $181.07 | $161.25 | $155.74 |
| 2020 Chevy Colorado Extended Cab | $14,462 | $159.34 | $139.04 | $123.82 | $119.59 |
| 2020 Chevy Silverado | $17,948 | $244.66 | $213.49 | $190.12 | $183.63 |
Chevy finance options
You can get a loan for your new or pre-owned Chevy directly with GM Financial, at a bank or credit union, through an online lender or at a buy here, pay here lot. Here’s what you need to know about the benefits and drawbacks of each Chevy financing option.
GM Financial
You can qualify for Chevy financing deals and incentives.
If you’re looking for Chevrolet financing deals, consider getting a loan directly with Chevy’s in-house financing arm, GM Financial .
As of this writing, Chevy is offering 0% APR deals on popular models like the 2026 Trailblazer, the 2026 Equinox and the 2025 Silverado as long as you qualify when you finance through GM Financial. Your APR on a GM Financial auto loan will depend on your credit score and whether Chevy is offering any special financing in your location at the time of your purchase.
Chevy doesn’t disclose their minimum credit requirements, but you can prequalify for a Chevy loan with GM Financial, which allows you to see your rates without impacting your credit score.
If you’re looking for the best Chevy deals, your first stop should be the Chevrolet website or a Chevrolet dealer. Chevy offers special financing rates, lease deals and other incentives to customers who finance through GM Financial.
Chevy offers
Like other car manufacturers, Chevy regularly offers deals on particular models to make room for the next model year. If you have a particular Chevy model in mind and can afford to wait, it’s smart to keep an eye on Chevy’s website for discounted APRs.
Chevy lease deals
If you’re in the market for a Chevrolet lease, check the company’s website to see if you can find any Chevrolet lease deals. Chevy currently has lease offers for qualified customers — typically customers with good to excellent credit — on several Chevy models. For instance, you can lease a 2025 Chevy Trax for as little as $289 per month for 24 months as of this writing.
Chevy incentives
GM Financial offers Chevrolet incentives to GM employees, GM suppliers, members of the military, first responders, educators, Costco members and college students/recent graduates. These groups may be eligible for discounted prices on certain Chevy vehicles.
Certified pre-owned Chevys
If you want a lower price on your Chevy with the peace of mind that comes with a manufacturer-backed warranty, consider purchasing a certified pre-owned Chevy. These cars, which are less than six years old and have fewer than 75,000 miles, come with a 172-point inspection and a free vehicle history report. Plus, if you’re unhappy with your purchase, you can exchange it within three days or 150 miles.
Bank and credit union auto loans
You can get a low interest rate through your financial institution.
Before you sign your loan agreement with GM Financial or an online lender, it’s worth making a quick call or filling out an online application for your bank or credit union to see what rates it can offer you on your Chevy loan.
Some financial institutions offer special rates to current customers, so you may be able to snag a low interest rate with your current bank or credit union. For instance, Bank of America offers up to 0.50% off auto loan interest rates for Preferred Rewards members as of the publication of this article.
Bank of America auto loan rates started at 5.44% and U.S. Bank car loans started at 5.38%. Your local credit union may also offer competitive rates on car loans, as credit unions are limited to a maximum interest rate of 18%.
Online auto loans
You want to compare auto loan rates.
If you value convenience and can’t get a special financing deal through GM Financial, you may find the best Chevrolet financing rates with an online auto loan. Many online lenders offer loans to borrowers with fair or bad credit, which may make these loans easier to qualify for than those from GM Financial or a bank.
By filling out one form with the LendingTree auto marketplace, you can get offers from up to five lenders to buy a Chevy — all without damaging your credit. Compare these offers with those from your bank and GM Financial, then choose the one with the lowest rates and best terms.
In-house financing
You can’t get a Chevy loan elsewhere.
Buy here, pay here dealerships offer what’s known as in-house financing. These dealers are independent of Chevy or any particular auto manufacturer, and they offer both cars and loans to car buyers who often don’t qualify for financing elsewhere.
Buy here, pay here lots tempt buyers with low eligibility requirements, making their loans easy to qualify for. But there’s a catch — their loans often come with predatory interest rates, making them almost impossible to pay back.
Steer clear of in-house financing whenever possible. Several online lenders offer Chevy car loans for bad credit with lower interest rates and better terms.
How we calculated average monthly Chevy payments
To calculate average monthly Chevy payments, we found estimated starting MSRPs and the Kelley Blue Book’s (KBB) fair purchase price for some of Chevy’s most popular models.
Then, we subtracted an average down payment from each. According to Edmunds, the average down payment on a new vehicle was $6,020 in Q3 2025. For used vehicles, it was $3,976. The resulting figure represents the total amount our hypothetical borrowers financed.
From there, we used our auto loan calculator to figure out average monthly Chevy payments, using average APRs and loan terms as reported by Experian’s State of the Automotive Finance Market Q2 2025. You’ll find this data in the tables below. Please note that loan terms were rounded to the nearest whole number during our calculations.
Keep in mind that your specific car payment depends on personal factors like your credit score, ZIP code and the type of car loan you’re getting. We don’t include dealer fees, which can add up to 10% of the car’s price if you buy at a dealership.
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 13.38% | 9.97% | 6.78% | 5.27% |
| Average loan term | 74.08 months | 75.03 months | 72.10 months | 64.57 months |
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 18.90% | 13.95% | 9.39% | 7.15% |
| Average loan term | 66.35 months | 68.11 months | 68.43 months | 65.63 months |
Frequently asked questions
Chevy is offering 0% APR deals on models like the 2026 Trailblazer, the 2026 Equinox and the 2025 Silverado as of this writing.
One of the best times to buy a Chevy is toward the end of the year, when manufacturers run promotions and clear out their current stock. Learn more about the smartest way to buy a car.
Typically, you need excellent credit, or a FICO Score of at least 800 or a VantageScore of at least 781, to get 0% APR financing.
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