Chevy’s newest truck has a finance deal you won’t see advertised online yet. According to a dealer incentive bulletin seen by CarsDirect, the recently updated 2022 Silverado 1500 has financial incentives that could make the pickup a better deal than it looks amid an inventory shortage at dealerships. dealers across the country.
As of last week, all 2022 Silverado 1500s offer 2.99% APR financing for 72 months. There is even an 84 month loan option at 3.49%. Oddly enough, Chevy is offering the exact same deal on the outgoing version of the flagship truck, which is being sold alongside a 2022 model called the Silverado 1500 Limited.
The downside is that the 2022 Silverado finance deal may be subject to a dealer mark-up. That’s because GM Financial offers dealers the option of adding a 2% markup or being paid a 2% “flat fee” by the captive lender. Therefore, your results may vary depending on how your local retailer chooses to advertise the offer.
On a 6-year loan at 2.99%, a $40,000 truck would cost approximately $43,745 to $608/month before taxes and fees. It’s not cheap, and nowhere near as good as a 0% finance deal on some versions of the 2022 RAM 1500. As it stands, the effective cost of a 44,000 RAM $ might only cost a little more than a $40,000 Silverado.
Sadly, Chevy’s only discount deal is a pair of Silverado loyalty discounts and a bonus for switching brands. However, the best offers are reserved for tenants. Unlike past incentives, the chances of finding big-truck incentives could be slim as automakers grapple with a global shortage of chips and the resulting effects on production.
Discover the prices and offers of the Chevrolet Silverado 1500