Just want to share the details of my recently acquired lease. Browsing these forums helped me with a target price and understanding the whole lease process... i hope this helps .
Base LT MSRP =$ 34095
Negotiated Price =$ 29525
Residual is .50 (12k/yr , 36 months)
Rebates = Did not have a previous lease, no farm, no costco. so rebates were 7360. (gm financial lease, chevy select ccr, and bonus tag)
Capitalized cost reduction = $7302.75.
Taxes on capitalized cost reduction , first month payment, license fees, titile fees, doc fees, tire fee = $1248.92
Paid out of pocket $1,000
Payment = $191.67 .
I'm still a little unsure on why the taxable rebates i received were 7360 (according to customer acknowledgement )but the actual rebates and non-cash credits on lease agreement shows 7551.67 plus my 1000 for a total of 8551 as amount due at lease signing.
But basically my negotiating tactic was, i knew going in that for the 34k volt, if the sale price was 30k with 1400 down my payments would be sub 200. I didn't negotiate payment amount... I negotiated Car sale price and my down payment after setting a benchmark over email.
Base LT MSRP =$ 34095
Negotiated Price =$ 29525
Residual is .50 (12k/yr , 36 months)
Rebates = Did not have a previous lease, no farm, no costco. so rebates were 7360. (gm financial lease, chevy select ccr, and bonus tag)
Capitalized cost reduction = $7302.75.
Taxes on capitalized cost reduction , first month payment, license fees, titile fees, doc fees, tire fee = $1248.92
Paid out of pocket $1,000
Payment = $191.67 .
I'm still a little unsure on why the taxable rebates i received were 7360 (according to customer acknowledgement )but the actual rebates and non-cash credits on lease agreement shows 7551.67 plus my 1000 for a total of 8551 as amount due at lease signing.
But basically my negotiating tactic was, i knew going in that for the 34k volt, if the sale price was 30k with 1400 down my payments would be sub 200. I didn't negotiate payment amount... I negotiated Car sale price and my down payment after setting a benchmark over email.