2015 Chevrolet Volt Lease Questions

volt2015

Just wondering whether it's a good deal or not.

2015 fully loaded Volt
MSRP: 38,555
Selling Price: 34,630
Adjusted Cap Cost: 30,089.57
APR: 3.05%
Residual %: 54%
Term: 36 months, 15k miles per year
Base Monthly Payment: 323.28
Monthly Payment after 9.0 tax: 352.38
Drive Off: 983$ (first payment and dmv etc)

Live in Northern California.
Is this a good deal to get it?

kyfdx

volt2015 said:

Just wondering whether it's a good deal or not.

2015 fully loaded Volt
MSRP: 38,555
Selling Price: 34,630
Adjusted Cap Cost: 30,089.57
APR: 3.05%
Residual %: 54%
Term: 36 months, 15k miles per year
Base Monthly Payment: 323.28
Monthly Payment after 9.0 tax: 352.38
Drive Off: 983$ (first payment and dmv etc)

Live in Northern California.
Is this a good deal to get it?

It might look good... How do you account for the difference between the selling price and the adjusted CAP cost?

volt2015

Thanks for the reply @kyfdx‌ . I am not sure how they got to the adjusted CAP cost.
This is the numbers from them.

Rebate: 5,400
Cap Reduction: 5,135.43
Working Cash: 6,383.00
DriveOff : 6,383.00
Customer Cash: 983.00

They said I only need to pay 983$.
I can ask for more for the difference between the selling price and the adjusted CAP cost.

kyfdx

volt2015 said:

Thanks for the reply @kyfdx‌ . I am not sure how they got to the adjusted CAP cost.
This is the numbers from them.

Rebate: 5,400
Cap Reduction: 5,135.43
Working Cash: 6,383.00
DriveOff : 6,383.00
Customer Cash: 983.00

They said I only need to pay 983$.
I can ask for more for the difference between the selling price and the adjusted CAP cost.

Well.. that's it, then.. the rebate.

Looks like a good deal.

easydeal

volt2015 said:

Just wondering whether it's a good deal or not.

2015 fully loaded Volt
MSRP: 38,555
Selling Price: 34,630
Adjusted Cap Cost: 30,089.57
APR: 3.05%
Residual %: 54%
Term: 36 months, 15k miles per year
Base Monthly Payment: 323.28
Monthly Payment after 9.0 tax: 352.38
Drive Off: 983$ (first payment and dmv etc)

Live in Northern California.
Is this a good deal to get it?

Hi Volt2015, the quote looks very good. I'm also in Northen CA looking for a Volt lease. Do you mind sharing which dealer you got the quote? Thanks in advance.

Mr_Shiftright

Yeah, looks real good to me. But of course, the waters are filled with sharks, so read it all over before you sign anything in blood.

blakbird24

Looking for numbers for Jan...36 month 15k/year. Thanks.

Michaell

blakbird24 said:

Looking for numbers for Jan...36 month 15k/year. Thanks.

We are still waiting for the January numbers from Chevrolet.

kyfdx

blakbird24 said:

Looking for numbers for Jan...36 month 15k/year. Thanks.

3.05% APR and 55% residual. $2275 lease cash

blakbird24

kyfdx said:

blakbird24 said:

Looking for numbers for Jan...36 month 15k/year. Thanks.

3.05% APR and 55% residual. $2275 lease cash

HA, so in the worst sales month of the year, and the month in which the successor to the Volt is being announced, GM not only reduces rebates, but kills the lease deals too? Do they want to collect Volts?

Congrats on selling a Ford Fusion Energi, GM.

Thanks for your help kyfdx, your information cleared up alot of confusion for me. I was looking to lease a Volt in December and decided to wait for January because it never occurred to me in my wildest dreams that incentives would actually GO DOWN for this month.

danielalvarado

Hi Kyfdx,

Could you kindly provide the numbers for a 24-month 15k/yr lease?

Thank you!

Michaell

danielalvarado said:

Hi Kyfdx,

Could you kindly provide the numbers for a 24-month 15k/yr lease?

Thank you!

Standard MF and residual - don't know what those are.

36/15 numbers are better - 3.05% MF and 55% residual. $2275 lease cash.

voltamort

Hello, knowledgeable ones. I'd love to get any feedback on the quality of this leasing offer from dealership in Northern California. There are a couple of missing pieces. The monthly payment feels high. Thanks!

2015 fully loaded Volt (Option packages 1 and 2)
MSRP: $38,900
Selling Price: $35,000
Additional discount: $3,300
Adjusted Cap Cost: $31,700
APR: ???
Residual value: $21,000 (54%)
Term: 36 months, 12k miles per year
Base Monthly Payment: ???
Monthly Payment after 9.0 tax: $438
Due at signing: $1000

kyfdx

voltamort said:

Hello, knowledgeable ones. I'd love to get any feedback on the quality of this leasing offer from dealership in Northern California. There are a couple of missing pieces. The monthly payment feels high. Thanks!

2015 fully loaded Volt (Option packages 1 and 2)
MSRP: $38,900
Selling Price: $35,000
Additional discount: $3,300
Adjusted Cap Cost: $31,700
APR: ???
Residual value: $21,000 (54%)
Term: 36 months, 12k miles per year
Base Monthly Payment: ???
Monthly Payment after 9.0 tax: $438
Due at signing: $1000

Is the lease through Ally? That's the only program I can find that has that residual.

3.05% APR and 54% residual.

At those numbers, I get about $364/mo.plus tax. Your quoted payment is about $402/mo.+tax.

I would ask for the final NET cap cost... Must be some other charges in there (acquisition fee?).

randyjstark

Anyone know how I can go about getting the $1000 Chevy private offer coupon? I have been trying on the Chevy website but it does not want to come up for me!

Also, I am considering two Chevy Volts: 1 is a DEMO car (never titled and has the MSO) and the other was a corporate fleet vehicle. Would both cars still be eligible for the 7500 tax incentive?

Michaell

randyjstark said:

Anyone know how I can go about getting the $1000 Chevy private offer coupon? I have been trying on the Chevy website but it does not want to come up for me!

Also, I am considering two Chevy Volts: 1 is a DEMO car (never titled and has the MSO) and the other was a corporate fleet vehicle. Would both cars still be eligible for the 7500 tax incentive?

I believe if the car has been titled, it does not qualify for the tax incentive.

Can't help you with the coupon.

agamny

Can someone please tell me the money factor and residual on the 2015 Chevy volt please. I'm only looking for 10K miles/year.

For the term that is the most attractive

thank you!

Michaell

agamny said:

Can someone please tell me the money factor and residual on the 2015 Chevy volt please. I'm only looking for 10K miles/year. For the term that is the most attractive thank you!

.00025 and 49% for 36/10. $3350 lease cash. 

lastmacuser

I am in the market for a new 2015 Volt lease. Chevrolet website lists 15% off MSRP cashback on Volt for Memorial day sale. Does that change any lease incentives? Do I still get the 00025 and 49% for 36/10. $3350 lease cash?

kyfdx

lastmacuser said:

I am in the market for a new 2015 Volt lease. Chevrolet website lists 15% off MSRP cashback on Volt for Memorial day sale. Does that change any lease incentives? Do I still get the 00025 and 49% for 36/10. $3350 lease cash?

Purchase incentives are often different from lease incentives. I'm certain that you can still negotiate a substantial discount from MSRP, in addition to the $3350 lease cash, but it's doubtful that you'll get to take advantage of a purchase incentive and combine it with the lease incentive.

lastmacuser

Here's the deal they offered. Could you give an opinion? Norcal 8.75% tax. 36mo. 49% residual. Money factor .00075

Sticker: 39,900
Discount off MSRP; 5,000
Lease Incentivess; 6,625
Payments including tax: 318

Michaell

lastmacuser said:

Here's the deal they offered. Could you give an opinion? Norcal 8.75% tax. 36mo. 49% residual. Money factor .00075

Sticker: 39,900
Discount off MSRP; 5,000
Lease Incentivess; 6,625
Payments including tax: 318

With your numbers (cap cost of $28,275), I get a payment of $302.55 after tax.

Confirm with the dealer the net cap cost; there might be some fees being added in that is increasing the payment.

lastmacuser

Michaell said:

lastmacuser said:

Here's the deal they offered. Could you give an opinion? Norcal 8.75% tax. 36mo. 49% residual. Money factor .00075

Sticker: 39,900
Discount off MSRP; 5,000
Lease Incentivess; 6,625
Payments including tax: 318

With your numbers (cap cost of $28,275), I get a payment of $302.55 after tax.

Confirm with the dealer the net cap cost; there might be some fees being added in that is increasing the payment.

Thanks I will check. Now if you help me pick between Volt and i3. LOL

Michaell

lastmacuser said:

Michaell said:

lastmacuser said:

Here's the deal they offered. Could you give an opinion? Norcal 8.75% tax. 36mo. 49% residual. Money factor .00075

Sticker: 39,900
Discount off MSRP; 5,000
Lease Incentivess; 6,625
Payments including tax: 318

With your numbers (cap cost of $28,275), I get a payment of $302.55 after tax.

Confirm with the dealer the net cap cost; there might be some fees being added in that is increasing the payment.

Thanks I will check. Now if you help me pick between Volt and i3. LOL

Can't help you there; I've not driven either car.

thalmoo

39 month lease offer:
12K miles per year
Iridescent Pearl Tricoat
MSRP: $36,165
Selling Price: $32,250
Additional Discount: $6,625
(total cap reduction: $9938.98)
Adjusted cap Cost: $22,861.02
Residual: 47%
Money Factor: .00025
tax: 9.5%
Due at signing: 5,000 (including taxes, license, fees, 1st pmt)
Monthly payment: $160.31+$15.23 tax= $175.54

Comments?

thalmoo

Adjusted cap cost includes $3,358.98 (of the $5,000 upfront payment).

kyfdx

thalmoo said:

39 month lease offer:
12K miles per year
Iridescent Pearl Tricoat
MSRP: $36,165
Selling Price: $32,250
Additional Discount: $6,625
(total cap reduction: $9938.98)
Adjusted cap Cost: $22,861.02
Residual: 47%
Money Factor: .00025
tax: 9.5%
Due at signing: 5,000 (including taxes, license, fees, 1st pmt)
Monthly payment: $160.31+$15.23 tax= $175.54

Comments?

Why put so much down on a relatively cheap lease?

Amortizing your down payment, the total cost is about $299/mo. That's a pretty good deal. But, I'd rather have $500 due at signing and a payment of $295/mo.

czar4

theees a local dealer with a base Volt with the 15% off MSRP (supposedly expires tomorrow). Should I also be expecting and additional $6,625 incentive as some other people have mentioned?  People seem to be pegging $10k off MSRP. Is that accurate?

Michaell

czar4 said:

theees a local dealer with a base Volt with the 15% off MSRP (supposedly expires tomorrow). Should I also be expecting and additional $6,625 incentive as some other people have mentioned?  People seem to be pegging $10k off MSRP. Is that accurate?

Not 100% certain, but I suppose it doesn't hurt to ask.

verdugo

Hi Michaell,

Is there another subforum where I can ask for MF and residual for the 2016 model?

Thanks in advance!

Michaell

verdugo said:

Hi Michaell,

Is there another subforum where I can ask for MF and residual for the 2016 model?

Thanks in advance!

There isn't (yet), but we don't have any 2016 Volt numbers to share just yet.

verdugo

Thanks for the reply.

momo97

Hi there! Do you have any lease numbers for September? MF and residual for 24 and 36 month 12k leases?

Thanks!

kyfdx

momo97 said:

Hi there! Do you have any lease numbers for September? MF and residual for 24 and 36 month 12k leases?

Thanks!

.00025 MF and 45% residual for 36mo, 12K/yr. $4200 lease cash.

That's through GM Financial. They don't show a 24 month program.

adamcar

Lease numbers for October? 36 months 10,000 and 12,000

Michaell

adamcar said:

Lease numbers for October? 36 months 10,000 and 12,000

.00025 and 45% / 46%. $4200 lease cash.

nalaisadog

Hey guys

Just leased a 2016 Volt LT in Los Angeles county and thought it might be helpful to post my numbers...maybe this will help people who are looking into it.


MSRP of the car was $33,995
Selling Price: $32,868 - (I'm a Costco member, I can't remember if this discount was applied to the price or the cap cost reduction, I think it's here b/c they must give supplier pricing. It is 100% worth the $55 annual fee, I believe you also get a $300 CostCo gift card)

Gross Cap Cost (+ Finishing Touch/Vehicle Theft/Acquisition Fee/Wear and Tear insurance) = $35,483.20
Cap Cost reduction -all incentives etc plus zeroed out cost of finishing touch/vehicle theft plus I paid $400 upfront of the wear and tear = $4501
Net Cap Cost 30,982
MF = .00040
Residual: ~55% (I'm pretty sure)

At 36 months, 10K miles - pre tax lease was 333, with tax ~$365

Edited to say I put $0 down, no drive offs except to cover the $400 of the wear and tear (was easier for me)

I also have not factored the $1500 California rebate into any of this.

adamcar

nalaisadog said:

Hey guys Just leased a 2016 Volt LT in Los Angeles county and thought it might be helpful to post my numbers...maybe this will help people who are looking into it. MSRP of the car was $33,995 Selling Price: $32,868 - (I'm a Costco member, I can't remember if this discount was applied to the price or the cap cost reduction, I think it's here b/c they must give supplier pricing. It is 100% worth the $55 annual fee, I believe you also get a $300 CostCo gift card) Gross Cap Cost (+ Finishing Touch/Vehicle Theft/Acquisition Fee/Wear and Tear insurance) = $35,483.20 Cap Cost reduction -all incentives etc plus zeroed out cost of finishing touch/vehicle theft plus I paid $400 upfront of the wear and tear = $4501 Net Cap Cost 30,982 MF = .00040 Residual: ~55% (I'm pretty sure) At 36 months, 10K miles - pre tax lease was 333, with tax ~$365 Edited to say I put $0 down, no drive offs except to cover the $400 of the wear and tear (was easier for me) I also have not factored the $1500 California rebate into any of this.

If you upgrade to Executive member before you submit for the cash card, you get $700 instead of $300.

nalaisadog

adamcar said:

nalaisadog said:

Hey guys

Just leased a 2016 Volt LT in Los Angeles county and thought it might be helpful to post my numbers...maybe this will help people who are looking into it.


MSRP of the car was $33,995
Selling Price: $32,868 - (I'm a Costco member, I can't remember if this discount was applied to the price or the cap cost reduction, I think it's here b/c they must give supplier pricing. It is 100% worth the $55 annual fee, I believe you also get a $300 CostCo gift card)

Gross Cap Cost (+ Finishing Touch/Vehicle Theft/Acquisition Fee/Wear and Tear insurance) = $35,483.20
Cap Cost reduction -all incentives etc plus zeroed out cost of finishing touch/vehicle theft plus I paid $400 upfront of the wear and tear = $4501
Net Cap Cost 30,982
MF = .00040
Residual: ~55% (I'm pretty sure)

At 36 months, 10K miles - pre tax lease was 333, with tax ~$365

Edited to say I put $0 down, no drive offs except to cover the $400 of the wear and tear (was easier for me)

I also have not factored the $1500 California rebate into any of this.

If you upgrade to Executive member before you submit for the cash card, you get $700 instead of $300.

Interesting! Thanks

momo97

Michaell said:

adamcar said:

Lease numbers for October? 36 months 10,000 and 12,000

.00025 and 45% / 46%. $4200 lease cash.

How does Chevy apply the discounts? Is this $4200 on top of the $7500 govt rebate? + dealer discount?

adamcar

momo97 said:

Lease numbers for October? 36 months 10,000 and 12,000

.00025 and 45% / 46%. $4200 lease cash.

How does Chevy apply the discounts? Is this $4200 on top of the $7500 govt rebate? + dealer discount?

No. Lease company keeps the $7,500. You get the lease cash, dealer discount, and any other private offers or GM card points.

stever

If you are a parent of young children (at least one under 12 years old) who owns a 2016 Chevy Volt, a reporter would like for you to fill out a survey, due by December 22, 2015, for use in a print publication. Click here for the survey http://bit.ly/1M6rOvA

(I know this is the 2015 discussion, but if you happen to stumble in here and have kiddos, please click the link).