[Golfguy]

I searched and didn't find much on this. My apologies if it's been covered already. We currently lease a 2014 Volt through November and are in the process of turning it in for a new one. Got a letter a couple weeks ago from Ally offering to let us save $4500 off the residual to purchase the car. We're not interested but at least it seems Ally might be willing to negotiate more than in the past.

 

[DonC]

Thanks for posting. This is nice to know. I think GM and Ally are parting ways, with GM funneling all its subsidized leases to GM Financial, so this may be a way for Ally to make a few more bucks as it exits.

 

[CraigCa]

I got the same letter in April after being told on the phone they won't budge on the residual just 4 weeks prior to the letter.

 

[AtomicPowered]

$4500 off of what? Gen 1 residual was $24k. Would you pay about $20k for your car? In states like California you can buy a new Gen 2 for that with 0 miles on it after all credits and rebates. There is probably a '14 on a lot near you for $15k. At auction Ally would get about $12k.

 

[Golfguy]

FWIW, the residual was about $21k so they were knocking it down to around $16.5.

Dave