Here Are Chevy’s Best Loan and Lease Deals on Colorados and Silverados for July

Best Chevrolet Colorado Loan and Lease Deals

2025 Chevy Colorado — MSRP: $31,900+

• Costco member promotion: For Costco members only, for eligible Chevrolet models. $1,250 incentive and 12,000 GM Rewards points for Executive members; $1,000 incentive and 10,000 points for non-Executive members

2025 Chevy Colorado Crew 4WD WT — MSRP: $40,795+

• Lease: $399 per month for 36 months, 30,000 annual miles, $4,009 due at signing

2024 Chevy Colorado — MSRP: $29,800+

• Finance: 1.9% APR for 36 months, $28.60 monthly payment per $1,000 financed

Best Chevrolet Silverado 1500 Loan and Lease Deals

2025 Chevy Silverado 1500 — MSRP: $37,000+

• Finance: 0% APR for 36 months, $1,000 bonus cash, $27.78 monthly payment per $1,000 financed

2025 Chevy Silverado 1500 Crew Cab With TurboMax — MSRP: $51,303+

• Finance: 0% APR for 36 months, $27.78 monthly payment per $1,000 financed; must be current owner of a 2011 or newer or lessee of a 2020 or newer Chevrolet

2025 Chevy Silverado 1500 Short Box Crew Cab 4WD Custom With TurboMax — MSRP: $50,145+

• Lease: $439 per month for 36 months, 30,000 annual miles, $4,049 due at signing

Best Chevrolet Silverado 2500 Loan and Lease Deals

2025 Chevy Silverado 2500 HD — MSRP: $45,300+

• Finance: 4.9% APR for 60 months, 90 days with no payments, $18.83 monthly payment per $1,000 financed
• Finance: 3.9% APR for 48 months, $22.53 monthly payment per $1,000 financed
• Cash bonus (for LT trim): $750 customer cash; not available with special finance or lease offers

2024 Chevy Silverado 2500 HD — MSRP: $44,400+

• Finance: 3.9% APR for 60 months, $18.37 monthly payment per $1,000 financed
• Cash bonus (for LT trim): $750 customer cash; not available with special finance or lease offers

Best Chevrolet Silverado 3500 Loan and Lease Deals

2025 Chevy Silverado 3500 HD — MSRP: $46,500+

• Finance: 3.9% APR for 48 months, $22.53 monthly payment per $1,000 financed
• Cash bonus (for LTZ trim): $750 customer cash; not available with special finance or lease offers

2024 Chevy Silverado 3500 HD — MSRP: $45,600+

• Finance: 3.9% APR for 60 months, $18.37 monthly payment per $1,000 financed

Is Now a Good Time to Get an Auto Loan?

Auto loan interest rates may fall this year, but probably not dramatically. Loan rates tend to rise and fall with the federal funds rate, the national benchmark rate set by the Federal Reserve. A low federal funds rate pushes loan rates lower, while a high fed funds rate pushes loan rates higher. The fed funds rate is currently set at 4.25%–4.50%.

It’s impossible to say for sure how auto loan rates will change this year, but as of June 10, interest rate traders predict a 0.25% decrease in the fed funds rate in September, and then another by the end of 2025. So, waiting to get an auto loan may pay off, but not by huge amounts, if forecasts are accurate.

If you need a car quickly, you can’t wait for the Fed to potentially lower interest rates months down the line. In that case, it likely makes sense to shop around and make a decision now.

Compare Manufacturer Deals to Other Loan Offers

The manufacturer deals above are generally only available for certain new car models and trims. They’re usually reserved for borrowers with good or excellent credit and may have certain geographic restrictions. 

Investopedia’s independent research into online auto lenders and auto loan aggregators found the average minimum APR for new cars to be 5.17% (this is the lowest rate available from lenders, given to borrowers with the best credit). Manufacturer deals can be even better than that if you have excellent credit and want a new car. 

If that’s not you, you have two basic options to finance a vehicle:

• Get a loan directly from an auto lender (like a bank or credit union)
• Go to a dealership and work with their finance department to get a loan

It can be smart to explore both options. For example, you can pre-qualify with a few auto lenders to see the terms you can get. Then, with a loan offer in hand, you can visit dealerships and ask them to beat that offer. This puts you in a better position for negotiation. If you have the loan funds available before you even walk into a dealership and you’re willing to go elsewhere if you don’t get a better offer, you can take a lot of the stress out of car buying.