The Chevrolet Red Tag Sale gives well-qualified buyers 0% APR for 60 months on a new 2026 Silverado 1500 when they finance with GM Financial. It also includes no monthly payments until February 15th. To get the offer, you must take new retail delivery by November 30, 2026.
That is a strong offer for a full-size truck, but a few details decide whether it works for you.
How Does 0% APR for 60 Months Work?
You borrow the money for five years and pay no interest, as long as you are approved. Chevrolet’s fine print lists a payment of $16.67 for every $1,000 financed, based on an example down payment of 6.5%. The offer is for well-qualified buyers, and some customers won’t qualify, so ask the finance team where you stand before you pick a truck.
What Does “No Payments Until February 15th” Really Mean?
Your first payment is pushed back about 104 days. The fine print says finance charges accrue from the date of financing, as applicable, so treat this as extra time before your first bill, not free time. Ask to see how the deferral is written into your contract.
What If You Need a Heavy-Duty Truck?
Select Silverado HD models with the Duramax diesel carry a $5,500 total cash allowance. It applies to HD LT and High Country models only, and it isn’t available with special financing, lease, or other offers. That means you may have to choose between cash and a low rate. If you tow equipment every week, the cash may be worth more to you.
Does the Truck Fit How You Drive?
A deal is only good if the truck fits your life. Chicago-area winters, potholes, and stop-and-go traffic on I-55 or the Dan Ryan are tough on any vehicle. A contractor in New Lenox hauling tools has different needs than a Tinley Park family towing a boat on weekends, so check cab style, engine, and 4WD before you look at the payment.
How Do You Make the November 30 Deadline?
Delivery has to happen by November 30, and Thanksgiving week falls inside that window. Confirm the truck is in stock, ask for an out-the-door price in writing, and verify that each offer applies to your exact configuration.
Ready to Find Your Silverado?
With a November 30 delivery deadline, now is the time to compare trims, engines, and cab styles. Visit Phillips Chevrolet in Frankfort to shop the Chevrolet Silverado lineup, ask which Red Tag offer fits the truck you want, and get your numbers in writing before you decide.
When you visit Phillips Chevrolet, with locations in Frankfort, Lansing, and Bradley, you’re visiting the best in the business. Family-owned and operated for over 50 years, we don't just sell cars; we build relationships. Our commitment to excellence has earned us the title of Cars.com 'Chevrolet Dealer of the Year, ' ranking #1 in the United States among over 3,000 Chevy dealerships, and recognition as the #1 Selling Chevy Dealer in Illinois for 20 years in a row. We are also a JD Power 'Dealer of Excellence' and proudly maintain an A+ Rating with the Better Business Bureau. With Illinois’ largest Chevrolet inventory and a team dedicated to award-winning service, we’re ready to help you find your next dream car.
FAQ: Silverado Red Tag Sale
Q: When does the Red Tag offer end?
A: You must take new retail delivery by November 30, 2026, so the truck has to be delivered by then, not just purchased.
Q: What credit do I need for 0% APR?
A: The offer is for well-qualified buyers who finance with GM Financial. Some customers may not qualify.
Q: Can I lease a Silverado with the 0% APR offer?
A: No. The 0% APR offer isn’t available with lease offers.
Q: Can I combine the $5,500 HD cash allowance with 0% financing?
A: The fine print says the allowance isn’t available with special financing, lease, or some other offers, so ask your dealer what fits your truck.