My Bolt EV lease offer
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There was a Bolt ad posted in another thread (title had nothing to do with a Bolt) advertising $299 leases. I have no idea how that is possible, plus it is probably for a base model, not a premiere, with limited availability only to the most qualified buyers. At $565 per month, it would be tempting scrape up $261 more per month to lease a no options model S
But agreed, these are insane lease rates. GM and the finance companies love people who are willing to lease at these rates as they are making good money here.
But agreed, these are insane lease rates. GM and the finance companies love people who are willing to lease at these rates as they are making good money here.
OP, have you checked other dealerships for lease offers? There can't be many takers at that price, which seems high with the given miles. Care to provide more details of this offer such as residual, MF, etc.?
This doesn't sound anything close to the nationwide lease deals they offered in April. Maybe in another few months...
Joe
here's all the info they gave me before I walked.
Term: 36
Annual Mileage: 10,000
MSRP $43,905
Net selling price: $43,900
Dealer discount: $5
Net cap: $42,245
Lease Cast: $1,250
Down payment: $1,000
Net trade: $0
Incentives: $0
Residual %: 60%
Residual $: $26,343
Acq fee: $595
due at signing: $1,565.18
and I have not checked any other local dealers yet, this particular lease offer was from my closest Chevrolet Dealer. It is a smaller dealer and they only had two Bolts on the lot. There is another dealership about 30 miles from where I live that has 40+ Bolts on their lot that I need to go check out. I'm in no hurry though. I was actually looking to wait to lease a 2017 model when the 2018 models come out. Maybe I can score a deal at that time.
Also, if there are any lease experts out there that can give me some pointers about negotiating a great lease, drop me a line!
I did take it for a test drive and it was spectacular. The low gear is so much more aggressive then my volt and then when you pull the regen paddle, WHOA!
Term: 36
Annual Mileage: 10,000
MSRP $43,905
Net selling price: $43,900
Dealer discount: $5
Net cap: $42,245
Lease Cast: $1,250
Down payment: $1,000
Net trade: $0
Incentives: $0
Residual %: 60%
Residual $: $26,343
Acq fee: $595
due at signing: $1,565.18
and I have not checked any other local dealers yet, this particular lease offer was from my closest Chevrolet Dealer. It is a smaller dealer and they only had two Bolts on the lot. There is another dealership about 30 miles from where I live that has 40+ Bolts on their lot that I need to go check out. I'm in no hurry though. I was actually looking to wait to lease a 2017 model when the 2018 models come out. Maybe I can score a deal at that time.
Also, if there are any lease experts out there that can give me some pointers about negotiating a great lease, drop me a line!
I did take it for a test drive and it was spectacular. The low gear is so much more aggressive then my volt and then when you pull the regen paddle, WHOA!
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$5 dealer discount? Are you kidding me? That can just about buy a happy meal!!!! Don't walk out... run.
Your best bet would be to spend a half hour searching several search sites for previously reported lease deals for Bolts in OR...Even if it's a bit of a drive, so much easier and stress free to contact that salesperson and say that you can buy today if you can match xyz's deal...
Lender for all GM leases is GM Financial and to qualify for the top tier it only requires a 620...Remember GM sells its vehicles to the dealership who sell to customers or to lenders which is the same for a lease, so GM gets nothing to gain from a high lease deal...
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Except when the price is $1000 down and $565 per month, and someone else is getting $299 per month, Somebody is taking a haircut. They all get something to gain in a high lease deal, more money flowing into their pockets.
But like Bacardi says, shop like a Ferengi and find the best deal. Even consider paying a bit more per month on a purchase instead of a lease and holding onto the car longer. I love my $0 per month, unlimited miles, unlimited term deal. 3.5 years and 78k miles later, the car is rock solid.
GM corporate already sold the vehicle to the dealership via allocation, it's a done deal...The independent franchise Chevy dealership is the one who makes money...If I sell my watch to a pawn shop for $100 and the pawn shop sells it to you for $500 I don't see any profit, already a done deal...
Damn, you're putting on almost 2000 miles per month. That's insanely high for me. I've had my Spark EV for 17 months now and I think I just reached 7500 miles today. I barely put on 500 miles per month. I've never had to drive a lot I guess. Even when I had my Honda S2000 I only averaged 8000 miles per year.
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Yeah, we built a dream house in the country on 24 acres, so I normally have a 50 mile round trip commute. Last year, my youngest daughter started high school which made my daily commute 65 miles per day. Next year she will be at a boarding school 140 miles away, so my daily commute will be shorter, but I'm sure weekend trips to see the youngest and bring her home will clobber my odometer.
65 x 5 x 52 is 16900/annually, GMF let's you buy up to 20K miles for a lease...
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No thanks. I really like my current deal at $0 per month, unlimited miles, unlimited term, no money factor, no turn-in fees. The only problem with this deal is that I'm taking a 100% hit on depreciation. Good thing I got 52% off MSRP up front65 x 5 x 52 is 16900/annually, GMF let's you buy up to 20K miles for a lease...
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