Is the 2021 Chevy Silverado Worth Major Price Incentives?

The 2021 Chevy Silverado 1500 just received new price incentives to drum up some sales. But are the discounts worth it? The Chevrolet Silverado is about to be redesigned for 2022. So, do you save with a 2021 model now or wait? 

Are 2021 Chevy Silverado discounts worth it? 

According to The Car Connection, Chevrolet just kicked off the year by reintroducing low financing rates, significant incentives, and big discounts across their lineup. However, we will focus on the 2021 Chevy Silverado for now. 

The Chevy Silverado with a crew cab is being offered with 0 percent APR for 72 months. Chevrolet is also offering $2,500 in down payment assistance. But as the second most popular truck of 2020, does the Silverado 1500 need these deals? 

Alan Batey, General Motors Executive Vice President, introduces the new 2019 Chevrolet Silverado 1500 at its official debut at the 2018 North American International Auto Show
The Chevy Silverado 1500 | (Bill Pugliano/Getty Images

It’s no secret that the ongoing Coronavirus (COVID-19) outbreak has impacted the industry. Many auto manufacturers closed to protect workers. This lead to assembly delays, and now some manufacturers are facing part shortages, creating bigger delays. 

Maybe chevy is hoping to generate some capital to put toward the new 2022 Chevy Silverado. But if you want to forget about the upcoming models and jump on this deal, it ends on February 1, 2021. 

What’s new for the 2021 Silverado? 

The 2021 Chevy Silverado got a few notable upgrades, including a new Multi-Flex tailgate that opens and folds in six different ways. Plus, the turbocharges four-cylinder and diesel six-cylinder models got increased tow ratings. 

The four-cylinder engine can tow up to 9,600 lb, and the diesel engine can tow up to 9,500 lb. But the maximum towing compacity is 13,000 lb. That rating is achieved with the 6.2-liter V8 engine. Also, for comparison’s sake, the 2021 Ford F-150 can tow up to 14,000 lb. 

RELATED: The Chevy Silverado 1500 Struggles With Transmission Problems

More upgrades for 2021 include trailering technology. The new jackknife indicator prevents you from jackknifing, as expected. Also, a new trailer length indicator lets you know when it’s safe to change lanes while towing.

The new cargo-bed camera helps you keep an eye on your cargo and hitch up too. As far as new tech goes, the 2021 Silverado got wireless Apple CarPlay and Android Auto. 

Why wait for the 2022 Chevy Silverado? 

The 2021 Chevy Silverado failed to fix a few complaints. For example, the interior isn’t anything to honk about. It feels pretty old and outdated, while the Ram 1500 and Ford F-150 offer new designs. 

Car and Driver described the interior as uninspired and uncomfortable. Plus, the Chevy Silverado has a harsh ride. Bumps can be felt, and interior noise is noticeable. It’s about time for some fresh improvements. 

Blue 2020 Chevrolet Silverado 1500 RST Crew Cab 4x4 in front of a storage garage
2020 Chevrolet Silverado 1500 RST Crew Cab 4×4 | Chevrolet

Along with a new interior, the Silverado is getting a new face. It should have new LED lights and thin daytime running lights, as seen on the Blazer. Also, it’s safe to expect a similar interior to the new Chevy Tahoe. It features a revised center stack with an infotainment center that lifts above the center vents. 

The 2022 Chevy Silverado might have a better fuel economy too. Everyone is going to the hybrid side of things, and there have been rumors about the Chevy BET (Battery Electric Truck).

The 2021 Silverado is seen as a practical work truck, but the 2022 Silverado might be more comfortable, powerful, and advanced for both work and play.