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Chevrolet Volt Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi thematch. Ally's current base lease rate and residual value for a 36-month lease of a 2012 Volt HOV without Navigation with 15,000 miles per year are 1.0% and 58%, respectively.

    There is a $3,370 cash incentive on leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • oregunguyoregunguy Posts: 9
    Looking this weekend at 2012 volt with premium pkg + nav. 36month lease

    MSRP 43030
    neg price (TMV) 41316
    +dest 850
    + aqu fee 795
    - incentive 4445
    - 1500 (chev owner coupon)
    total 37016
    residule on 15k/yr w nav 57%; 1% interest
    No sales tax here :)
    I run the numbers and get $ 372.76/mo
    $13419 total cost over 3 years
    anyone see any errors?
    I like to have my realistic best deal in my head before I go out to the dealers. Thanks to everyone on this site , always very helpful.
  • bacchusmbacchusm Posts: 5
    edited June 2012
    Any ideas when the 2013 Volt is coming out or we can order one from the factory?

    ************** I saw this from Magic Boy....

    MSRP: 45230
    $1072 due at signing (They told me 1000 but in the deal there was $72 left so instead of paying it over 36 months I put it in the cash down)
    10,000 miles per year
    36 months
    I added the Bumper to Bumper Warranty... It has a name that I can't remember it. Basically was an additional $625 and they waived the $425 security deposit so a net increase of $200.
    Base Monthly Payment $410
    After Taxes: $435

    I went to look at one. The car was fulled loaded with Nav, Leather, carmera Park Assist etc.. and the 'best price' they gave me was $443 plus Tax was $481.00 Same price car. But the kicker was they wanted $2,500 down! I am in California. Is there a way just to get the best price? Do I hire a Car Broker? Car man , what price do I go in with?
  • thematchthematch Posts: 2
    Thank you.

    Do you know if the lease includes or excludes the security deposit like the posted lease special for non-HOV.

    Also, if the dealer is only giving me a $2,900 CCR, I'm guessing he's pocketing the $470 difference, correct?
  • rdean9999rdean9999 Posts: 2
    Hi Everyone - I've been a reader for a while and I'm about to take the plunge I think. I was offered the following deal - not sure of specifics like what they are calculating for residual etc. but here's what I received:

    36 Month Lease
    MSRP 44,625
    Zero Down
    15k Miles Per Year
    $417 / Month including sales tax (7%)
    So I suppose the base monthly rate would be $390.

    From what I can see, this seems like a good deal - am I missing something? Any thoughts would be greatly appreciated. By the way, I live in GA - not sure if that matters. Thanks!
  • magicboymagicboy Posts: 3
    I haven't looked at recent lease deals since I got my Volt back in March, but these seems like a better deal then I got back in March.

    I pay about $417 after taxes (6%) but I also had to put $1000 down and I only had 10k miles per year on my lease.

    I think my total price might have been a little higher though. I think my MSRP was around $45300. It was fully loaded and included a cargo net (not that I wanted it).
  • rdean9999rdean9999 Posts: 2
    Thanks for the super fast reply! I feel pretty good about it - I just hope my credit score is high enough to qualify. I've never made late payments on anything but I think my score is only in the low 700s. I've tried to hold off on any dealership pulling my credit until I score a decent deal on paper.
  • phaworthphaworth Posts: 20
    Good deal. I pay $417 plus tax and 12K miles a year. I would take it if I were you.
  • abtladyabtlady Posts: 5
    edited June 2012
    I'm in Illinois and have starting doing the research on leasing a 2012 Volt. I would like to know if if this is a good deal or not. I personally think I can do better. This lease is for 10K a year and we only drive about 8K!

    MSRP is 42,085 with premium pkg and camera, no nav
    Residual is 25,671 (61%)
    Interest Rate is 2.0%
    Rebate is $4445
    Sales Tax is 3215 (7.75% I think)
    Amt. Down is $906
    and my monthly payment would be $474

    I think I need to negotiate the price a little better maybe down to 40500 and also the interest rate down too.

    This newbie needs help but I'm learning tons of things on this board! Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome thematch. I believe that Ally is currently waiving its security deposit requirement on leases of the 2012 Volt.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • brysobryso Posts: 1
    Hello all - it looks like Chevy is currently promoting a Volt lease with the following terms:

    $369 per month
    $0 down
    12K miles per year
    Tax, title, and dealer fees excluded

    Can anyone who leased under these terms share their experience? I'm interested in finding out what my all in cost would be. I'm in California so I know a high sales tax will apply, but not sure what I should pay for dealer fees, for example.

    Thanks much.
  • abtladyabtlady Posts: 5
    We did lease a new Volt last Saturday and ours was only $345 per month since we got a 10K lease for 36 months. However, our dealer included the tax, title, and dealer fees with that.

    We leased at Castle Chevy on Villa Park, IL and are super happy with everything they did. The car has the premium package the rear camera and sensors and the upgraded wheels.
  • solnsoln Posts: 1
    I just returned from my local Chevy dealer in Orlando. I stopped in to buy 2 Volts, one for me and one for the misses. I saw all the ads online first about the Ally special. We picked out 2 with a MSRP of around $45k.

    Once I got into financing things went way wrong. They came back with a lease of $1k down & $625 per month for just 1 Volt (12k miles) without credit history. I laughed and said you must think I'm stupid.. I asked what happened to the Ally special, the reply was "oh that's just for the base model".. So $5k in options adds 75% more to they payment? Yep was the answer. Needless to say we stood up and walked out. Oh.. and plus they were giving us 20% less than KBB on our trade.

    What happen to fair - not at Courtsey Chevy on West Colonial Dr.

    Anyways can someone recommend a fair Chevy dealer in Central Florida that would honor rates discussed on here?

    Thanks
  • kennesawkennesaw Posts: 3
    edited June 2012
    Sorry you had a bad experience. We leased a Volt $45,655 msrp - terms printed on card in window, great dealership but you have to drive to No. Georgia for it.
    36 month / 10,000 miles per year, No down with Ally top tier credit, but we did buy the Lease Damage Insurance up to 5K in damage for an extra $500 cash. Probably didn't need it, but it's peace of mind.

    $412/month including 6% sales tax and $0 down
    Amount advertised on their sale card in window, no gimmicks.

    Good luck - they had 4 available yesterday.
  • I think I got a pretty good deal today.

    2012 Volt with premium pkg and rearview cam pkg

    MSRP $42085

    15k/yr

    0 down

    $364/mo + taxes, which brings it to $389.50/month.

    Tax, title, dealership fee, destination / acquisition fee all included !

    Residual $24409

    I live in GA.
  • llistakerllistaker Posts: 1
    From another Volt forum (http://gm-volt.com/forum), Stingray Chevrolet in Tampa has great deals on Volts and people in that forum seem to like their experience with that dealer.
  • What am I missing? 364/mo X36 months = 13104. MSRP is 42085 with a residual of $24409 which is a difference of $17676.

    $17676 - 13104 = 4572. Where is the other $4572 coming from??? I know about $1500-2000 is price above invoice...what about the rest??
  • Difference in price is part of the rebates offered by GM. That is what my invoice says.
  • Any info on how much these rebates are? Are these the Ally rebates from the government??
  • kennesawkennesaw Posts: 3
    GM/Ally gets the Fed Clean Air tax break (goes to you and I if purchased) but not the whole amount I was told. That's where the $4700 in Ally incentives/rebate called "Cash Received" on the lease contract comes from.

    Mine was fully loaded and w/no down the pymt is around $400. Can't beat that for a loaded new car and haven't bought any gasoline yet. The full charge at .12 cents/kwh is about a buck and a half, but if you drive less miles, it doesn't require a full charge. There are retailers starting to put EV fast charge units in the parking lots here in Kennesaw and Marietta, GA which provides free charging - pretty cool.

    Go buy or lease one. It's a very cool car and everyone who sees/rides in it loves it. Of course there are always the questions - what happens when... which were the same ones my dealership patiently answered before I took the plunge.

    Kennesaw Kenn
  • mwfromva75mwfromva75 Posts: 4
    edited July 2012
    OK folks. I am supposed to go Saturday to sign papers, but this lease deal is starting to seem fishy, especially comparing to others, please offer input!

    MSRP - $45740
    PRICE - $43982
    Money Factor - 1.5% (I thought it was 1% but he said that's only for the advertised $39995 model)
    Residual - Approx $28542 (when I did the math it came out to 62.4%)
    VA charges 3.19% sale tax (off of sale price of $43982 - about $1410)
    Acquisition fee of $795 (where did this come from??)
    Security Deposit of $400
    Dealership processing fee - $379
    DMV fees - approx $60
    Capital Cost Reduction of $5045

    I qualified for top tier credit.

    I am putting about $2600 down on the lease and the payment came out to $393/mo.

    I know this is the top of the line model (with an extra $1k for paint...it's the only color they have that I like), but $393 AFTER $2600 down seems like a bit much to me.

    Thanks in advance for any input!
  • vaguy79vaguy79 Posts: 13
    I heard the CCR has been upped to 5045 and the residuals remained the same. However, are the security deposit and first month waiver still in effect?

    Thanks
  • No. According to the 3 dealerships I talked to today, Security Deposit and First Month is the only things due at signing.
  • Blk w/pol. wheels, mylink,bose,leather,camera/park assist
    43275 msrp
    40775 sale price
    -4445 ally cap reduction
    -60% residual
    1% apr
    $375 down (lic and title fees)
    $327/month for 35 months
    No sales tax here in OR. Woop! Woop!

    Thanks ya'll for the info share...saved me about $1700 from dealer's first pitch...and I love this car!! I'll be back in 2015 to buy gen 2.
  • vaguy79vaguy79 Posts: 13
    I see Chevy is offering a 24 month lease now. Car_man do you know what cap reduction Ally is kicking in, the lease rate, and residual is for a 24 months lease?

    Thx
  • I am looking at a 2012 Volt with an MSRP of $43K from a dealer in Dallas. I am confident that I can get him down to $41K. Any feedback on what kind of lease I can negotiate if buying in the next 7 days given these variables? My credit score is > 800 if it makes a difference.
  • tridacnatridacna Posts: 1
    I believe the MF is multiplied by 2400 to get the interest rate.
  • iggsoiggso Posts: 28
    $42,085 MSRP
    Zero out of pocket $324 per Month for 36 months.
  • Did you trade in your current vehicle? Not doubting your numbers but they just don't jibe with what I've seen in TX. I have friends that are savvy car buyers that have leased here and in LA and none have seen the sub-$400 deals referenced on this form. Even if I plug in 60+% residuals and 1% APR - neither of which are currently available in TX via Ally - the numbers are well higher than what is referenced here. Just curious where you live and how you are getting such an incredible deal.
  • eecpeeecpe Posts: 1
    Hey there fellow Orygonian! Can you direct me to where you got this deal? I have been looking around near the PDX area and I have received some really varying quotes - differences came from dealer costs and add-ons.

    Thanks!
This discussion has been closed.