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Discussion Starter · #1 ·
Just leased a 2013 Volt with Premium, S1, Bose, Polished Wheels, Cargo Net: $43,115 MSRP with DFC.
Residual through Ally Financial is 74% on 2 year lease! That's the key here folks. Here's the math on my metro Atlanta area lease:

MSRP: $43115
Agreed Value: $42020 (Invoice)
Acquistion Fee 795
Capitalized Cost $42815
GM Rebates: ($1950)
GM Card ( 340) - my personal GM Card earnings but don't forget them.
Trade equity (1226) - negotiate hard on your trade - even a lease turn in!
Net Cash Down (1030) - dealer uses your cash to get you to your desired payment!
Adjusted Cap Cost $38269 - drive this # as low as you can! it sets up your lease payment
Residual (74%) ($31905)
Depreciation (net) $6363 (2.0% Interest rate with strong credit scores)
Rent Charge $1449
Base Payment $325.52 (Depreciation + Rent)/24 mos
Sales Tax on Base Payment 22.79
Monthly Payment $348.31

This was a $2700 cash down deal which included $1030 cash in lease plus 1st month ($348)+Sec Deposit ($350)+Dealer fee ($600) and sales tax on GM Rebates and GM Card Earnings ($235)+Title& Reg ($137).

Use LeaseGuide.com lease calculator - it's within $5 of the dealer.

I got my payment from $399 to $348 by knowing my numbers and getting the dealer to send me their lease worksheet to verify.

Remember you do not get the $7500 Fed credit; that goes to the lease company. And the Chevrolet Love it or Return it $500 does not apply to leasing.

Good luck
 

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18 Posts
Discussion Starter · #2 ·
added note: residual is fixed at 74% of Invoice - $20,020*.74% is $31,905. That gives you huge leverage on your payments. It is not tied to Adjusted Cap Cost!
 

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Discussion Starter · #6 ·
Don
Thanks for the tips. The Volt is the new for 2013 Topaz Silver (really sky blue metallic) with black leather interior. Just took my wife to dinner on a 55 mile round trip on 0.4 gals of gas! She is very impressed!
Jeff C (JBCMKTR)
 
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