[bro1999]

$2,500 lease cash.
58% residual for 15k miles. 60% for 12k, 61% for 10k. Premier trim 1% less.



And the residual is inflated artificially ~10% resulting in a lower lease payment, which is where GM is giving the rest of the $5k.
Explaining in advance before the "where's the rest of MY (not) $7.5k tax credit?!" crowd shows up.

 

[DonC]

This is great. Very clear. Thanks for posting. I had no idea how fast the money factor went up with lower credit scores. Ouch.

Funny comment on the "Where is the rest of my tax credit?" In truth you'd only expect to get half the credit -- $3750 -- so there is also some ZEV credit mixed in. The bigger mistake we see is people focusing on the monthly and neglecting the down or trade in. I know a guy, an engineer, who thought he made the deal of the century by putting $5000 more down in order to reduce his monthly by $100.

 

[yo9999]

Thanks for this.... I've got a question for ya: Is that $2500 from the California Clean Vehicle Rebate possible to apply to the CCR at the dealership or is that something you have to apply for afterwards?

 

[fernando]

Super helpful thanks. Anyone know what credit score is considered A1?

 

[bro1999]

Super helpful thanks. Anyone know what credit score is considered A1?

620 and above should be good enough.

 

[fernando]

620 and above should be good enough.

wow, kind of surprised it's that low for A1. I thought I'd need close to 800 to get that. That's great haha .

 

[Charge]

So what are we looking at per month for a PREM and LT with the above #'s? (36/10)

 

[Bacardi]

So what are we looking at per month for a PREM and LT with the above #'s? (36/10)

Was told at invoice, TTL in L.A. country which has 9% tax and an $80 doc fee with a $0 drive off is $437/mo for an optionless LT...

 

[Bacardi]

620 and above should be good enough.

Correct! Although it's specialized version of FICO called the "auto enhanced" which weights previous auto loans more than a "standard" FICO...Most find their auto enhanced FICO score is higher than their standard score...