FAQ: 2016 Chevrolet Traverse Lease?

How much does it cost to lease a Chevy Traverse?

2021 CHEVROLET Traverse FWD LT

$279/month for 36 months. $0 security deposit. Tax, title, license, and dealer fees extra. Mileage charge of $0.25/mile over 30,000 miles at participating dealers.

Is the 2016 Chevy Traverse a good car?

Overall, the 2016 Chevrolet Traverse is a well-rounded SUV, like many rivals in the competitive midsize SUV class. Its unmatched reliability rating helps elevate it toward the top of the class.

What is a 2016 Traverse worth?

2016 Chevrolet Traverse Value – $9,211-$24,165 | Edmunds.

What problems do Chevy Traverse have?

The Traverse problems were mainly under the categories of engine and steering problems, with other NHTSA complaints about the drivetrain and the brakes. First, regarding the engine problems, the main issues were excessive oil consumption, spark plug coil failure, misfires, bad timing chain, and a broken timing chain.

Do Chevy Traverse have transmission problems?

Transmission. Problems with the Traverse’s 6-speed automatic transmission have also been persistent over the years. The 2018 Traverse seems to be particularly prone to them. Symptoms might be that your car gets stuck in a particular gear or that there is a delay or loss of power when switching between gears.

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Why Car Leasing is a bad idea?

The major drawback of leasing is that you don’t acquire any equity in the vehicle. It’s a bit like renting an apartment. You make monthly payments but have no ownership claim to the property once the lease expires. In this case, it means you can’t sell the car or trade it in to reduce the cost of your next vehicle.

How many miles does a Chevy Traverse last?

The chevy traverse should be able to last over 200,000 miles as long as you take care of the vehicle.

Which is Better Explorer or traverse?

The Chevrolet Traverse offers greater seating capacity than the Ford Explorer, making it a better choice for those who find themselves chauffeuring others around. The Chevrolet Traverse has a roomier cargo area for putting your bags or other items than the Ford Explorer.

Do Chevy Traverse hold their value?

A Chevrolet Traverse will depreciate 58% after 5 years and have a 5 year resale value of $17,193. The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $40,550 when new.

How much is a Chevy Traverse worth?

Chevrolet Traverse LS

The Traverse LS has a starting price of about $32,900.

Where is the Chevy Traverse built?

The GM Lansing Delta Township Assembly plant in Michigan, makes the Traverse along with other GMC Limited Full-size Crossover utility vehicles. No other manufacturer other than GM Lansing manufactures the Chevy Traverse in Okemos, MI, for both local and international markets.

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What is my Chevy Traverse worth?

2020 Chevrolet Traverse Value – $19,268-$45,581 | Edmunds.

Are there any recalls on 2016 Chevy Traverse?

General Motors LLC (GM) is recalling certain model year 2016 Chevrolet Traverse, GMC Acadia, and Buick Enclave vehicles manufactured November 6, 2015, to November 12, 2015. The affected vehicles have a the third row left lower seat frame that may have welds that are not in the correction location.

What years did Chevy Traverse avoid?

Worst Used Cars

Model Year(s) to Avoid
Chevrolet Suburban 2011-2012, 2015-2016
Chevrolet Tahoe 2014-2017
Chevrolet Traverse 2012-2013, 2018
Chevrolet Volt 2019

Are Chevy Traverse reliable?

The Chevrolet Traverse Reliability Rating is 3.0 out of 5.0, which ranks it 22nd out of 26 for midsize SUVs. The average annual repair cost is $656 which means it has average ownership costs.

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