The name Chevrolet Impala has serious cachet with car enthusiasts and the public at large. The model has been produced, on and off, in one form or another, since the late 1950s. It has gone through radical design changes, with successive generations bearing virtually no resemblance to prior ones.
Today’s Chevy Impala is its own car. Having almost nothing to do with the Impala models of the 90s and 2000s, it is a thoroughly modern offering, packed full of the latest technology and GM’s newly found talent for designing world-class automotive interiors. This, as they say, isn’t your dad’s Impala.
But it is an incredible car in its own right. Starting at just $27,000, the only full-size entry in Chevy’s current line up is available in two engines. The first, a 2.5 liter inline four-cylinder, produces 195 horsepower. While some might complain that this engine leaves the Impala a big sluggish in the acceleration department, it’s probably a lot less sluggish than you think. That’s because Chevy has been doing a lot of research and development into its modern transmissions. Married to a six-speed, computer controlled, automatic transmission, the 2.5 liter pushes the big car from 0 to 60 in just 8.7 seconds. Not bad for such a paltry motor in such a heavy car. The 2.5 liter also gets 24 miles per gallon in the city and 30 on the highway, making it a high-performer on fuel economy among full-size cars.
The second engine option is a 3.6 liter V6. That engine produces 305 horsepower and will get the Impala from 0 to 60 in just over 6 seconds. Not bad for a full-size car.
The bigger engine also comes with surprisingly little penalty in the way of fuel mileage. Impalas with the V6 get 22 miles per gallon in the city and 28 miles per gallon on the highway.
The Impala also comes with a stunning interior. With optional leather seats, it has the feel of a full-size luxury sedan. You’ll swear you were sitting in a car that cost $60,000 or more.
But the Impala starts at just $27,000, making it one of the best deals on the market.
The single best reason to lease a vehicle, rather than buying one, is that leasing can save you huge amounts of money, both on the monthly payment and on the up-front costs. A typical bank loan may require thousands of dollars down, in addition to the up-front payment of taxes and closing fees. On the other hand, a typical lease will require only prepayment on the first month and a nominal security deposit. This typically adds up to little more than a couple hundred dollars. This makes leasing a great option for those who don’t have thousand in cash on hand to make a large down payment and pay the other significant up-front costs of buying a car.
But the monthly savings can be even more dramatic. Buying a typical $30,000 Impala on a bank loan may cost you as much as $500 per month. The same car can frequently be leased for as little as $200. These are numbers that can add up to thousands and thousands of dollars in savings, over the course of a 36-month lease.
The bottom line is that leasing can almost always get you a lot more car for your money. It can also help those who can’t qualify for a bank loan or don’t have the cash on hand to make the down payment to get the confidence and security that can only come from driving a new car.