Chevrolet's highly popular Silverado 1500 is facing stiff competition from the Ram 1500 despite its best efforts and crazy lease deals, but the company has not given up the fight just yet. Chevrolet has announced its pricing and discounts for the month of October, and the numbers might just sway a few customers sitting on the fence. Select 2020 Silverado 1500 vehicles will be eligible for cashback rebates depending on the choice of powertrain, and discount offers of up to $5,000. Play your cards right, and that can total to $7,000 in discounts which is a solid chunk of change in this highly competitive market.

Chevrolet is offering these discounts nationwide during its Chevy Truck Month promotion which runs through October, and as part of this exciting promotion, new buyers are eligible for a $1,000 accessory allowance. The following discount offers will be applicable for the all-new 1500 truck during October: The featured purchase offer is a discount of up to $7,000, while the features lease option is a $229 monthly payment for 24 months. The lease option requires a $1,949 down payment and no security deposit. These offers will be available throughout October and will come to an end on 2 November.

There are a total of eight eligible 2020 Silverado 1500 trims to choose from, namely the Work Truck at $30,095, the Custom at $35,615, the LT starting from $38,795, the RST at $40,695, the Custom Trail Boss starts at $41,295, the LTZ at $44,895, the LT Trail Boss at $50,395, and finally the High Country at $54,895. These prices include a $1,595 delivery fee.

Prospective buyers should note that these discounts are affected by powertrain, trim, body style, and packaging. If ever there was a good time to buy a Chevrolet Silverado, it is now.