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Hello to all,
Here from sunny California. After battling bumper to bumper traffic in bay area for the past several months, decided to lease a car that would put me in HOV (carpool lane). So, after
test driving Toyoto Prius hybrid plug in, Ford C-Max Energi and Volt, I truly felt Volt's performance was unmatchabale.
Can you let me know whether this is a good deal.
Volt 2014 model
Premium package & Enhanced Safety package(rear view mirrors,auto dimming...etc)
36 month lease period
Gross capitalized cost $36,555 ( MSRP + $595 ally admin fee + $220 optional service contract)
Capitalized cost reduction $4186
Residual around $22k (59%)
$3000 down payment goes towards
first month payment
Registration fees $91
Electronic vehicle reg. $29
CA Sales tax $400
Got the deal through Ally bank with 2.2% interest rate.
Below represents the savings that I was able to get,
$1500 CA state tax rebates
$500 costco card rewards
Actual discount from MSRP price $2400
After crunching through the numbers, the final rock bottom price was $375 per month. Do you think whether it is a good/bad deal? Any suggestions is appreciated.
**In response to Curious2car: ** I do not believe that they are offering you a great deal. I am currently working on a more expensive car than you and mine is cheaper. Also, $3000K down is crazy. I would recommend structuring all your deals with only $1000 down and push them for a $300 payment. This is my most recent deal.
2014 Volt, Red Crystal color, leather, heated seats, Bose sound system, Safety 1 pkg., Navigation.
MSRP: $39445.00. The 39 mo payment 15k/yr, $2170.00 out of pocket Monthly Payment: $367 (I still do not consider this to be a good deal, plus they say $2170 down even though I told them structure it with $1000 down.
The way I see it, my dealer is barely even trying yet.
If you build the car you want on the Chevy website, even Chevy's national deal is better than what Ally offered you.
Thanks dannog35 for the insight... appreciate it...
Just got an offer today in CT... I'm going to take it mainly because I'm too lazy to sell my current vehicle and the trade is an OK offer:
36 month, 12,000
33,950 base cap cost
35,234 Gross cap cost (includes fees)
212 monthly depeciation
.0007400 lease factor
They list the Cash Down payment at 6,773, but are somehow giving me rebates to bring my cash down to $4100 (including first months payment)
They are giving me 3K trade-in for a 12 year old Subaru, so I bring $1,000 to signing
Payment is 249.29 before 6.35% tax
Total monthly payment is 265.12
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