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Chevrolet Volt Lease Questions

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Comments

  • Seems like a pretty good deal. Can you share the who's the dealer is?
  • bigbutrbigbutr Posts: 111
    Is that deal on a '13 or a '14?
  • I ended up signing my lease this evening. I benefitted from the last day of the month, I think. I'm very happy.

    My Deal:

    $222/mo w/tax, $0 down, 12k, 36 mo. 2013 Volt Dealer Demo, had 2100 miles on the vehicle. White with black leather, nav, all the toys. Cincinnati, OH.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    Wow.... that's cheap!

    Which dealer in Cincinnati?

    Moderator - Prices Paid, Lease Questions, SUVs

  • I'm in Cincy and looking for that kind of deal. What dealership and do have any more demo to lease.

    Thanks
  • casualsurfercasualsurfer Posts: 3
    edited October 2013
    Here's what I got - not as good as others, but I was happy with it (Indianapolis):

    2013 Volt Cyber Grey Base
    15K miles/year
    39 months
    $310/month including tax
    $0 down except 1st month + TTL fees
  • bigbutrbigbutr Posts: 111
    Who did you finance the lease through?
    Also, when the issue of the tax credit came up, did the dealer offer it or was it the leasing company that took that amount off. I'm trying to head off any issues when I go into the dealers to look for one this weekend.
  • Ally Bank.

    The discounts weren't all disclosed to my disappointment. You get $7250 for the federal tax credit (instead of $7500).

    If it didn't make a lot more short term financial sense to lease on a monthly basis I may have elected to buy. Think about it: a 2013 Volt has 5K plus 7500 rebate, add dealer markdown (or ask them for GM supplier discount - they don't check anyway), you end up with $14K at least of markdowns from the base price.
  • chasm2chasm2 Posts: 2
    edited October 2013
    I'm looking to lease a Volt here in South Florida. My local dealer has provided the following:

    2013 Base Chevy Volt
    MSRP: $39,995
    Selling Price (after discounts): $32,895
    Tax, Tag, Fees: $3551 (includes $699 dealer service fee and $400 tag)

    36 Month lease, 12,000Miles/yr
    Cash Due: $2000
    Payments: $319/month

    This seems rather high to me for a base 2013. Any thoughts?

    Thanks,
    Charlie
  • That seems high.

    Here's my deal (Ally Bank)
    Base 2013 Volt w/leather steering & heated seats
    39 months
    15K miles per year
    $310/month (tax included)
    $0 down except TTL & first month (~$980 in my case)

    Don't get screwed.
  • venk25venk25 Posts: 2
    Hello hosts,

    Can you please provide the Residual and Money Factor for 2013 & 2014 Volts 12K mi/yr please?

    Thanks!
  • chasm2chasm2 Posts: 2
    edited October 2013
    My deal was supposed to be Ally bank as well.

    Money factor 0.85%, Residual 53%, MSRP 39,995, Net CAP $30,210

    Our deals are very similar except for the extra $9/mo ($351) and $1020. The 12/15k miles, 36/39 month differences seem to balance out.

    What dealer did you use?

    C
  • bigbutrbigbutr Posts: 111
    I got a quote on a 2013 that stickered at just over 43K. Gave me a price of 424 a month on 3/36 with only the 7250 tax credit as a discount on a selling price of just over 42K.
    I asked about the 5K discount and they said you can't get both that and the tax credit, that you could only get the 5K if you agreed to some ridiculous 28% residual. I'm wondering if since it's a smalltown dealer that probably only got one Volt that they don't know you can get both or that they do know and are just trying to keep the 5K for themselves, though I don't know how if they were only discounting the car a little over 1K.
    Told them I 'might' be in touch.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    2013 Volt (w/o NAV) 36mo 12K/yr lease
    0.85% MF and 53% residual.. $7250 in lease cash

    2014 Volt (w/o NAV)
    1.05% MF and 59% residual.. $1415 in lease cash

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • ckmosckmos Posts: 1
    Could you please explain what you mean by "lease cash"? And, how does this relate to tax credit and/or the $5k back from GM? I was just at a dealer and they told me that the $5k rebate was built into the lease interest rate and that you don't get the additional cap reduction - which goes against the posted deals I see here? I have never leased a car before and I thought I had it pretty well figured out until I got to the dealer.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    The lease cash is money provided by Chevy/Ally. You don't get the tax credit, the bank does (which allows them to give you that big chunk of lease cash). The lease cash is applied against the selling price of the vehicle to reduce the CAP cost.. You can certainly negotiate a selling price lower than MSRP, in addition to the lease cash..

    Moderator - Prices Paid, Lease Questions, SUVs

  • Columbia in Montgomery. They had 3 or 4 2013's left on the last day of the month. I took the last dealer demo. I know it was the last day they were leasing the 2013's as the 2014 line is starting to show up. I think they were just desperate to get one off the lot.
  • Hello host!

    Can you please post Offers for November? Looks like GM bumped up Cash Offer on purchase of 2013 by $1000 from $6000 to $7000. Did they bump up Lease Cash too (from $7250 to $8250) :) ?

    Thanks!
  • Just got an e-mail from a dealer that they are only selling and no longer leasing the 2013 inventory. Can anyone else confirm?
  • Second dealer confirmed. No more leases on 2013s.
This discussion has been closed.