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Being stuck with negative equity on a car loan can feel overwhelming, especially if your credit has taken a hit. Negative equity means you owe more on your car loan than the car is worth, sometimes called being "upside down" or "underwater." Things can get worse if you roll that negative equity into a new loan, leading to higher rates and longer repayment terms. Many people find themselves buried in debt, which can result in repossession or even personal bankruptcy. If you can’t afford to keep your current car and finish paying it off, switching vehicles might leave you in an even tougher spot. For example, if your credit score is around 650, financing a new car and the negative equity could result in a loan with rates over 10% for six years. But there’s a potential solution: a Chevrolet EV lease. Why a Chevrolet EV Lease Can Help GM Financial offers competitive money factors (low interest rates) on leases for eligible EVs. Eligible EVs include: 2024 and 2025 Blazer EV 2024 Equinox EV 2024 and 2025 Silverado EV This program allows you to bundle negative equity into a short-term lease at a much lower rate than traditional financing. Example: Leasing a 2024 Blazer EV Here’s how it works using the 2024 Blazer EV as an example: Base Lease Terms: Monthly payment: $379 (24 months, 10,000 miles/year, excluding taxes and title). Vehicle price: $48,972 (down from a $54,595 MSRP). Money factor: 0.00099 (equivalent to 2.38% APR). Impact of Credit Score: At a 620 credit score, typical financing would be over 10%. With GM Financial's A1 tier for conquest customers, the rate drops to 2.38% APR. Rolling in Negative Equity: GM Financial allows up to 110% of the MSRP to be financed. This means you can add up to $11,000 of negative equity to the lease. Reducing Your Monthly Payment Conquest and membership incentives can significantly lower your lease payment: $1,500 Conquest Incentive: Reduces the payment from $379 to $315.03. $1,000 Costco Member Rebate: Drops it further to $272.37. For 15,000 miles/year: Payment adjusts to $359.44 with both incentives. The Real Benefit: Clearing Negative Equity If you roll in $10,000 of negative equity: Payment with both incentives increases to $698.94 for 24 months. At the end of the lease, your negative equity is gone, as long as you stay within the mileage limits and return the car in good condition. Why This Works A Chevrolet EV lease lets you: Finance your negative equity at a low effective rate (2.38% APR). Spread payments over just 24 months. Drive a new EV at a reasonable cost while solving your debt problem. If you’re struggling with negative equity, this could be a way out while upgrading to a modern, eco-friendly vehicle. It’s a short-term solution with long-term benefits for your finances.

The automotive world is undergoing a significant transformation, and automakers find themselves at a crucial juncture. The initial rush to embrace electric vehicles (EVs), driven largely by passionate early adopters, is now reaching a pivotal point. As the focus shifts towards the "early majority"—a more price-sensitive group—the challenges are becoming more pronounced. Axios highlights that these mainstream consumers are not easily swayed. Their hesitations arise from concerns about the higher costs of EVs compared to traditional gasoline vehicles, uncertainties surrounding the charging infrastructure, and a belief that more advanced models are on the horizon. The overarching sentiment seems to be: why invest in today's EVs when tomorrow's might be superior? more This consumer sentiment suggests that the trajectory towards a predominantly electric future might not be as swift or smooth as once anticipated. Reacting to these evolving dynamics, many automakers are recalibrating their strategies. They're revisiting pricing models and production targets, but their commitment to an electric future remains unwavering. Diving deeper, GM exemplifies the challenges of this transition. If a GM electric vehicle is on your radar, it's essential to understand the current landscape. A recent Reuters report revealed some production challenges faced by the automotive giant. GM's Chief Financial Officer, Paul Jacobson, addressed these during a J.P. Morgan investor conference. He highlighted battery module assembly as a key challenge, likely stemming from supplier-related issues, a sentiment echoed by CEO Mary Barra. The real-world impact of these challenges is evident in the Cadillac Lyriq's production. GM's ambitious projection in 2022 to produce 25,000 Lyriqs at their Spring Hill, Tennessee plant fell short. In the first half of this year, less than 2,400 units reached customers, primarily due to battery-related issues. Yet, with challenges come opportunities. The anticipation surrounding GM's upcoming EVs, like the Chevy Blazer EV, is palpable. As Chevrolet enthusiasts, we at Donohoo Chevrolet eagerly await these models and remain optimistic about what the future holds. To sum it up, the transition to a fully electric automotive landscape is not without its challenges. But as the industry evolves, one thing remains certain: at Donohoo Chevrolet, our passion for innovation and our commitment to our customers will always drive us forward.

As we become more aware of the impact of climate change, the transportation sector is quickly becoming a key area of focus for reducing greenhouse gas emissions. One option for reducing emissions is to switch from gasoline-powered vehicles to electric vehicles (EVs). While EVs have some clear advantages over gas-powered vehicles, there are also some challenges to consider when deciding whether to switch. more Pros of owning an electric vehicle: Environmentally friendly: The most obvious advantage of EVs is their environmentally friendly nature. EVs produce no tailpipe emissions and have a much lower carbon footprint than gasoline-powered vehicles. This means that driving an EV can help reduce air pollution and mitigate the impacts of climate change. Lower operating costs: EVs have lower operating costs than gas-powered vehicles. The cost of electricity is generally much lower than gasoline, and EVs require less maintenance since they have fewer moving parts. In the long run, owning an EV can be more cost-effective than owning a gas-powered vehicle. Energy independence: EVs can help reduce reliance on oil and foreign oil imports, providing greater energy independence and reducing the risk of oil price shocks. EV owners can charge their vehicles at home, meaning they have greater control over their energy supply. Smooth and quiet ride: EVs are much quieter and smoother than gasoline-powered vehicles because they have fewer moving parts. This makes for a more comfortable driving experience. Tax credits: Depending on where you live, you may be eligible for federal and state tax credits and incentives for purchasing an EV. These incentives can help offset the higher initial cost of purchasing an EV. Cons of owning an electric vehicle: Limited range: EVs typically have a shorter driving range than gasoline-powered vehicles, so they may not be suitable for long road trips. However, the range of EVs is improving rapidly, and many models now offer ranges that can accommodate most daily driving needs. High upfront costs: EVs are often more expensive than comparable gasoline-powered vehicles. However, as battery technology improves and production volumes increase, EV prices are expected to continue to decline. Charging infrastructure: Depending on where you live, charging infrastructure may be limited, making it difficult to charge your vehicle on the go. However, this is also improving rapidly, and many cities and states are investing in charging infrastructure to support the growing number of EVs on the road. Charging time: It takes longer to charge an EV than to fill up a gasoline-powered vehicle, so you'll need to plan ahead if you're going on a long trip. However, this is also improving rapidly, and many newer EV models offer fast-charging capabilities that can significantly reduce charging times. Battery life and replacement costs: The battery pack in an EV is expensive to replace, and the battery's lifespan may be shorter than the life of the vehicle itself. However, as battery technology improves, battery lifetimes are expected to increase, and the cost of replacement batteries is expected to decline. Owning an EV has both pros and cons. While EVs are more environmentally friendly, have lower operating costs, and offer a smooth and quiet ride, they also have some challenges, such as limited range, high upfront costs, and charging infrastructure. However, as technology improves and infrastructure expands, the advantages of owning an EV will become even more compelling, making the switch to an EV an attractive option for many drivers. As an EV owner, I can easily recommend an EV as a second vehicle in a two-vehicle family. They make getting around town an absolute joy and extremely cost-effective. For single-car families, or those living in an apartment without a place to charge, the EV movement may have to wait until the technology improves. Shop Our EVs

Please be aware that our discounts change monthly, aligning with Chevrolet's incentives. To avoid missing out, secure your vehicle today to take advantage of our current special rates. For those considering "On Order" vehicles—these are lined up for production and lack set MSRPs. Opting for these can be a time-efficient alternative to custom orders. Why Choose Donohoo Chevrolet? Transparent pricing with no surprises. Zero dealer fees. Our team consists of non-commissioned salespeople, ensuring unbiased assistance. We don't adjust prices based on market fluctuations. The price you see is final. Silverado 1500 Offers Donohoo Chevrolet is currently hosting a remarkable sales event featuring the Silverado 1500, known for its robust V8 engines. Dive into our extensive selection to find exceptional deals. Take advantage of remarkable discounts, with up to $10,000 off plus $2,250 Trade Assist on certain models or an incredible $22,000 reduction on the exclusive Rocky Ridge editions. Plus, experience the added perk of no dealer fees. Don't miss this opportunity to own a standout Silverado 1500 at an unmatched value. There is a trade assist this month. This is a GM incentive and is a rebate that you can qualify for by trading in a 2010 or newer vehicle. It is not included in our advertised price, rather gets added to your discount if you have a trade. 2024 Silverado 1500 Custom Gas are $7500 off MSRP and have an additional $2250 trade assist LTZ Diesel and 6.2L Gas are $6000 off MSRP and have an additional $2250 trade assist LTZ 5.3L Gas are $10000 off MSRP and have an additional $2250 trade assist RST Gas are $10000 off MSRP and have an additional $1000 trade assist RST Black Widow are $12000 off MSRP and have an additional $1000 trade assist WT 5.3L Gas are $6000 off MSRP and have an additional $2250 trade assist Custom Trail Boss Diesel are $6000 off MSRP and have an additional $2250 trade assist Custom Trail Boss 5.3L Gas are $6000 off MSRP and have an additional $2250 trade assist LT Trail Boss Diesel are $6000 off MSRP and have an additional $2250 trade assist LT Trail Boss Gas are $6000 off MSRP and have an additional $2250 trade assist ZR2 Gas are $9000 off MSRP and have an additional $2250 trade assist High Country Diesel are $10000 off MSRP and have an additional $2250 trade assist High Country Gas are $10000 off MSRP and have an additional $2250 trade assist On Order Silverado 1500s Produced Silverado 1500s Lifted and Off-Road Trucks more Introducing the Redesigned 2024 Silverado HD and Chassis Cabs with Custom Bed Options Donohoo Chevrolet boasts one of the nation's premier selections of Silverado Heavy Duty trucks, offering a wide range of models with significant discounts. This selection and pricing make Donohoo Chevrolet a top destination for customers seeking high-quality, heavy-duty trucks at competitive prices. Exclusive Offers for Silverado HD Crew Cab Models: Custom Diesel are $5000 off MSRP Custom Gas are $5000 off MSRP LT Diesel are $5000 off MSRP LT Gas are $4000 off MSRP LTZ Diesel are $7000 off MSRP LTZ Gas are $6000 off MSRP WT Diesel are $5000 off MSRP WT Gas are $5000 off MSRP ZR2 Diesel are $3000 off MSRP High Country Diesel are $6000 off MSRP High Country Gas are $5000 off MSRP On Order 2500HDs Produced 2500HDs Custom Bed Selections at Donohoo Chevrolet Donohoo Chevrolet stands out with an impressive array of Chassis Cabs, featuring beds from the leading manufacturers in the industry. Our inventory is not only extensive but also diverse, catering to various needs and preferences. These vehicles are readily available in stock, ensuring swift delivery directly to your home or business. The pricing is equally attractive, with significant discounts across different models: Special Deals for Silverado 3500 Crew Chassis Cab Models: $5,000 off WT gas Chassis Cabs $5,000 off WT diesel Chassis Cabs $4,000 off LT gas Chassis Cabs $5,000 off LT diesel Chassis Cabs Great Savings On Long Wheel Base Options $5,000 off WT gas and diesel - LT diesel $4,000 off LT gas $6,000 off High Country $7,000 off LTZ This selection, combined with ready-to-ship availability and attractive discounts, positions Donohoo Chevrolet as a premier choice for businesses and individuals looking for quality Chassis Cabs. Shop Commercial Vehicles and Work Trucks 24 Colorado Deals Trail Boss are up to $1,750 off MSRP LT are $1,500 off MSRP Z71 are $1,750 off MSRP Work Trucks are $1,500 off MSRP On Order Colorados Shop Colorados Donohoo Chevrolet SUV Deals The Chevrolet SUV lineup offers a diverse range of vehicles designed to meet various lifestyles and driving needs, emphasizing versatility, reliability, and innovation. Starting with the compact Chevrolet Trax, ideal for navigating city streets, to the spacious and family-friendly Chevrolet Traverse, which provides ample room for passengers and cargo alike, there's an option for every driver. The lineup also includes the Equinox, known for its balance of efficiency and power, and the iconic Chevrolet Tahoe and Suburban, which deliver exceptional performance and towing capabilities alongside luxurious interiors. In the mid-size SUV category, the Blazer emerges as a top choice for both families and adventure seekers, Each model in the Chevrolet SUV lineup is equipped with advanced safety features, cutting-edge technology, and thoughtful amenities, ensuring a comfortable, safe, and enjoyable driving experience for both short commutes and long journeys. Compact SUVs: Equinox: Strikes a balance between efficiency and versatility. Equinox: $6,000 off MSRP! Trailblazer: 24 Trailblazer LS and LT: $1,250 off MSRP! 24 Trailblazer all other trims: $1,750 off MSRP! Trax: Perfect for the daily driver. 24 Trax: $100 off MSRP! Mid-size SUVs: Blazer: Perfect for families and adventurers alike 24 Blazer: $5,000 off MSRP Traverse: Offers a spacious interior. 24 Traverse: $100 off MSRP! Full-size SUVs: Tahoe: Pairs luxury with performance Z71: $2,000 off MSRP! LS, LT, and RST are $3,000 off MSRP Premier and High Country: $4,000 off MSRP! Suburban: Emphasizes space and luxury Z71 and RST: $2,000 off MSRP! LS and LT are $3,000 off MSRP Premier and High Country: $4,000 off MSRP! Our deals don't just boast a vast selection; they deliver unbeatable value. These diverse options solidify Donohoo Chevrolet as a go-to destination for SUV enthusiasts. Tahoe Suburban Blazer Traverse Trailblazer Equinox Trax Electric Vehicle Specials The much-anticipated BOLT EV and EUV models are now available in our inventory. As a premier Chevrolet EV dealer in the southeast, we stand out for our exceptional service and diverse selection. BOLT EV $1,000 off MSRP Blazer EV $7,500 off MSRP Bolt EV Bolt EUV Blazer EV Equinox EV Silverado EV

Chevy says the electric compact SUV will start at around $30,000 and have as much as 300 miles of range. It goes on sale in the fall of 2023. The 2024 Chevrolet Equinox EV Aims to be an Affordable All-Electric SUV Chevy says the entry-level Equinox EV will start at "around" $30,000 and have an estimated 250 miles of range. Other trim levels offer 280 to 300 miles of range and hands-free driver assistance. The Equinox EV goes on sale in fall 2023. Allocation for the Equinox EV has not been determined, but GM is no longer taking reservations for its new EVs. While we will promise a discount from MSRP, we won't know the amount until GM makes up its mind about how dealers will acquire these vehicles. Following the Silverado EV and Blazer EV, the 2024 Chevrolet Equinox EV continues filling GM's ranks with all-electric alternatives. For the Equinox EV, that means a compact SUV that Chevy will price starting at around $30,000. More expensive trim levels offer GM's Super Cruise hands-free driving, 300 miles of range, and a 19.2-kW onboard charger. more Battery Options The Equinox EV offers two battery sizes. Chevy hasn't said the capacity of either, but only the entry-level 1LT trim comes with the small battery, with an estimated range of 250 miles. Chevy estimates the larger battery, standard in higher trim levels, to offer 300 miles of range for front-drive Equinox EVs and 280 miles when equipped with all-wheel drive. Front-drive models have 210 horsepower and 242 pound-feet of torque, while all-wheel drive versions offer 290 horsepower and 346 pound-feet of torque. The Equinox EV is built on a similar platform as the Chevrolet Blazer EV and Cadillac Lyriq, though the Equinox EV is smaller than those vehicles. When you compare the EV to the gas Equinox, the EV has a longer wheelbase and overall length. In addition, its wheels are pushed close to the front and rear bumpers, creating shorter overhangs that generally make for generous interior space and more attractive exteriors. The sportier look of the Equinox EV with the lower roof line decreases the overall storage capacity. At 57 cubic feet with the rear seats folded, it has a little less space on paper than its gasoline counterpart. However, we look forward to testing the ICE and EV to see if the difference is meaningful. One highlight is that the cargo floor has two height settings, like the Honda CR-V. Unlike other electric vehicles, the Equinox EV does not have a storage area under the hood. Chevy reps said frunks are costly to implement and don't test well with its focus groups. Equinox Interior Inside, all Equinox EVs come with an 11.0-inch digital gauge cluster, and an impressive 17.7-inch center touchscreen is available on most trim levels. It's the same screen as you'll see in the Blazer EV and Silverado EV, and while the screens in the car we sat in weren't interactive, the graphics appeared crisp and easily readable. Interior storage options appear to be numerous and well thought out. For example, the center console has a generously sized opening under the cupholders and the tray where you set your phone, providing enough room for a large handbag. All manner of Chevy driving assistance will be available, from adaptive cruise control, heads-up display, rear-view camera, and so on. Most impressive, though, is GM's hands-free Super Cruise system, which is available on all trim levels except the base. On a personal note, I have a BOLT EUV with Super Cruise and love it. It managed to drive i459 and i59 hands free without any input on my part. Making the drive from Birmingham to Fort Payne as easy as pressing a button. Charging Speed As for charging, most Equinox EV models have an 11.5-kW Level 2 onboard charger, which Chevy estimates can add 34 miles of range per hour. The priciest RS trim level offers a 19.2-kW charger, increasing Chevy's estimate to 51 miles of range per hour. In addition, all Equinox EVs support 150-kW DC fast charging. How do I order a 2024 Equinox EV? Request Equinox EV Info Silverado EV Blazer EV Just because GM doesn’t have reservations doesn’t mean you can’t work with us on getting the new Equinox EV. At this point, we are not taking deposits and reserving people. It is just too far out, and we aren’t ready to manage it until we get a better idea of how many GM will send us. But you can tell us you are interested in an EV. We stayed away from market adjustments, and you won’t find any vehicles priced above MSRP on our website. We have a long history of hyper competitive pricing, and we will not have any market adjustments on our pricing for Equinox EV. At a minimum we will be selling this for $100 back of MSRP, but we will be determining pricing later once we have more information from GM.

Let us start with a sales pitch. If you are going to reserve a Chevrolet Electric Vehicle, you need to reserve it through Donohoo Chevrolet. Why? Here is why: Guaranteed Discount from MSRP. Yes, this is an actual guarantee. We can't promise that GM won't change the MSRP before your vehicle is delivered, but we can promise to hold true to your discount. The Silverado EV is $2,500 off MSRP if you reserve with us. So it doesn't matter if you choose the base trim or the most expensive; you still get $2,500 off. The Blazer EV is discounted off MSRP. That is a guaranteed discount. The Equinox EV is discounted off MSRP. Yes, we promise a discount even before the official announcement. Donohoo Chevrolet has sold more EVs than 99% of Chevrolet dealers. We completed one of the first battery swaps in the BOLT and will continue to invest in the future of electric. You need to put your reservation in with someone who knows what they are doing with electric. End sales pitch. more Chevrolet has announced its all-electric Blazer electric vehicle will be revealed on July 18, 2022, at 8 pm PT/11 pm ET. Reservations will open on the same day. As we mentioned, using Donohoo Chevrolet as your facilitating dealership guarantees your discount. GM has been drip-dropping news on the Chevrolet Blazer EV since it was first teased at the GM CES presentation by CEO Mary Barra in January. At that point, it was a surprising sideline to the Silverado EV along with the $30,000 Equinox EV. Super Sport is a signature performance option package offered by Chevrolet since 1961. It implies that the new full image of the Blazer EV SS confirms that the first EV Blazer will be priced quite a bit higher than the $30,000 Equinox EV. Equinox EV Interior GM is finally starting to roll out some of the Ultium EVs CEO Mary Barra has been promising for years now. GMC started the year with limited numbers of Hummer EVs. GM's Spring Hill just started cranking out Cadillac Lyriq. Of course, the Silverado EV mentioned above and Equinox EV also are expected in the calendar year 2023. The company has plans to invest $7B in EVs and plans to have sales of 1 million EVs per year by 2025. Now that we can finally see the whole package, I have to say I like the look of the Blazer EV. We know from the previous drop that the indentation behind the front wheel will be where the charging port is. A lot is going on in the front of the car, but it isn't certain if it will support the camera equipment for SuperCruise. However, I suspect it will, at least in the SS trim. The big questions: AWD? Range? Charging speed? Interior quality? We'll find out on July 18. Reserve the Silverado EV