[seanmoshrefi]

Hi everyone,

I am being offered what I think is a pretty good deal from Hooman Chevy and I want to get everyones opinions before pulling the trigger tonight...

2017 Chevy Volt LT
Summit White
Black Leather
Premium Bose Audio
12k miles / year
MSRP $36,015
Hooman Discount 1 - $2,522
Weekly Special $33,493

$270/month including tax for 36 months, total drive off of $270 (first month)

This seems like a pretty aggressive deal, can anyone here confirm?

 

[Loiter]

I have to throw this out there -- what's the urgency?

If you have to make a decision in less than 24 hours - the answer is let it go. Seriously. If a dealer ever gave me a deadline like that, I'd immediately stop talking to them and find another dealer.

As to your deal - why LT?

Are you 100% sure you don't want any of the other options?

 

[seanmoshrefi]

its not the dealer giving me the deadline, im just trying to make the decision rather quick.

I dont need or want any of the additional sensors/lane assist items. the backup camera is all i really care about.

 

[freshcut]

I agree on the extra items....however, maybe a call to your insurance agent could sway you with additional discounts for having those. They're newer technology so most companies don't see the value yet, however there are a few that do. Depending on the cost difference for the lease vs. any applicable insurance discounts, it might give you a few bucks/mo. savings.

Having a Gen 1 I definitely agree with the backup camera. The wide angle lens definitely helps when backing out of a blind parking spot and helps to see any potential oncoming cars.

 

[Loiter]

I'm just doing the rough math....

From Winchipper/Rick - For those who want the base unit deal of 1500.00 down and 199.00 tax.

Now I don't know if he's saying 199 + tax or the 199 includes tax.

But if you're paying 70 more a month, that's 2520 more over 3 years. Far greater than the difference between his down and yours (1500 - 270 = 1230).

So it sounds like you're paying over 1000 more in comparison (roughly) -- but you are getting 12k miles vs 10k, and the Bose Sound / Leather interior.

So I think 10k vs 12k miles is like $12 or $15 a month -- and the options I'm not sure about.

You'd have to do the math on your options + the extra mileage and compare.

---------------------
And again - never feel rushed to buy a car. Walk away first and come back without the pressure.

 

[Fourdoors]

Look at it this way -- you're getting a lot of car for the money. If it works for you, go for it. Unless you absolutely have to have the killer deal. Life is short. You will love your Volt.

 

[llninja]

Look at it this way -- you're getting a lot of car for the money. If it works for you, go for it. Unless you absolutely have to have the killer deal. Life is short. You will love your Volt.

I disagree. Negotiate like a ferengi, get the deal of the decade, and consider buying instead of leasing. If you can't afford to buy it, you shouldn't be getting a new car. The $7500 fed tax credit and the state ev rebate will really help make this affordable, assuming you qualify.

 

[DonC]

The major parts of a lease are the purchase price, the MSRP, the residual, the cash down, and the interest rate. It's very hard to review a lease without knowing all the charges and costs.

That said, if it's really $270 without a big down then it's definitely fair for what you're getting. Note, however, that if you live in a CARB state, which you do, you can get a better deal since GM picks up more money for the ZEV credits. Look at the Rydell website. I think you'll see cars offered for more off.

Agree that when negotiating to buy/lease a vehicle, you never want to be in a hurry. Usually the seller will do their best to create a (false) sense of urgency. LOL

I disagree. Negotiate like a ferengi

Weren't ferengi always unhappy and dissatisfied?

 

[llninja]

Agree that when negotiating to buy/lease a vehicle, you never want to be in a hurry. Usually the seller will do their best to create a (false) sense of urgency. LOL

Weren't ferengi always unhappy and dissatisfied?

Only because if you accepted their deal too quickly then they are unhappy that they probably could have gotten a better deal.

Rule of acquisition #3: never spend more on an acquisition than you have to.
Unwritten rule: when no apparent rule applies, make one up.

http://memory-alpha.wikia.com/wiki/Rules_of_Acquisition

 

[DonC]

Only because if you accepted their deal too quickly then they are unhappy that they probably could have gotten a better deal.

So basically they're always unhappy, which was my pont. LOL The first rule in negotiation is to make the deal work for you. What works for one person may not work for another. And since there is always a better deal out there somewhere, or at least someone willing to claim they have a better deal, chasing "the best" will likely only make you unhappy.

 

[Fourdoors]

A fair deal is what I'm looking for. It doesn't have to be the absolute best but I don't want to get taken either. I think that's how most people feel. Yours sounds pretty good.

 

[Bacardi]

Need an itemized breakdown, supposedly both the forum sponsors are offering better deals based on the discount off MSRP...There are also L.A. dealers who are beating the forum sponsors but often you still have to haggle...

 

[16513]

One of my lessons after leasing a '13 is that I started driving way more than with my old ICE, and 12K mi./yr. was a constant restraint on my driving plans. Now I own my Volt and even 16K mi./yr. would be a problem.

 

[joezzhou]

$270 per month is not a good deal. Should be easy to get low 200s lease with 0 down, everything included. Just my $0.02.

 

[llninja]

One of my lessons after leasing a '13 is that I started driving way more than with my old ICE, and 12K mi./yr. was a constant restraint on my driving plans. Now I own my Volt and even 16K mi./yr. would be a problem.

True, the volt does cause you to drive more because you can get places ultra cheap, so saving fuel is no longer a concern. I'm not sure why more people aren't excited about my proposed $0 per month unlimited mileage deal. With the Bolt and TM3 coming out, the volt prices will plummet due to supply and demand. Who's going to be the first to score an LT for $15K after tax credits and rebates? Someone posted a few weeks back a theoretical way to get a volt for free by Justin paying sales tax. Someone's got too do it.

 

[Bacardi]

One of my lessons after leasing a '13 is that I started driving way more than with my old ICE, and 12K mi./yr. was a constant restraint on my driving plans. Now I own my Volt and even 16K mi./yr. would be a problem.

Reported you can lease up to 25K/year mileage...Obviously the lease cost would be more but I'd rather have that than to try and sell a 3 year old vehicle with relatively high mileage 48k (16K x3); the demand is probably shot and it could be near impossible to find a buyer who's willing to pay a penny more than trade in value...

 

[express_wagon]

I know this isn't an apples to apples comparison but are people in Cali getting hosed on these cars?

This is Massachusetts deal that is pre-negotiated by an independent electric vehicle program. This means anyone can just send an email to this group/program, walk into a participating dealer, and get it.

10,000 miles / year for 36 months
$2,500 down
$165 a month with ALL taxes include

Then we have a Massachusetts $2,500 rebate that can be applied back to any lease deals that is 3 years or more.

This comes out to $5,940 to drive the car for 3 years out the door for 30,000 miles.

You're telling me people in CA has to pay nearly $10k to drive it 36k miles a year? No other rebates? Granted, let's assume this lease is for a base LT.

 

[llninja]

Reported you can lease up to 25K/year mileage...Obviously the lease cost would be more but I'd rather have that than to try and sell a 3 year old vehicle with relatively high mileage 48k (16K x3); the demand is probably shot and it could be near impossible to find a buyer who's willing to pay a penny more than trade in value...

Demand for used cas aside, the solution is to drive the car 200k miles and not worry about trade in value. Cars today last far longer than the typical 3 year lease.

 

[CLine]

I know this isn't an apples to apples comparison but are people in Cali getting hosed on these cars?

This is Massachusetts deal that is pre-negotiated by an independent electric vehicle program. This means anyone can just send an email to this group/program, walk into a participating dealer, and get it.

10,000 miles / year for 36 months
$2,500 down
$165 a month with ALL taxes include

Then we have a Massachusetts $2,500 rebate that can be applied back to any lease deals that is 3 years or more.

This comes out to $5,940 to drive the car for 3 years out the door for 30,000 miles.

You're telling me people in CA has to pay nearly $10k to drive it 36k miles a year? No other rebates? Granted, let's assume this lease is for a base LT.

Are you referring to the Drive Green program? Are dealers really honoring these prices or just using the program as a sales tool? Any personal experience?

 

[Bacardi]

Demand for used cas aside, the solution is to drive the car 200k miles and not worry about trade in value. Cars today last far longer than the typical 3 year lease.

Overwhelming majority of cars COULD "last" millions of miles with enough money...Floor pan rusts out, you could find a shop to replace it with a new one for the right price...The longer you own a car the more UNSCHEDULED maintenance rears it's ugly head which can reek havoc on your bank account and could give you anxiety wondering if the car will start...