Ok. I think I'm learning how this forum works. Sorry. I created a new post originally. Chicago Suburb / 2017 Volt LT / MSRP 35,910. 3415 discount, 5110 Rebate Lease numbers came back 36/12 - MF 0.00112, Residual 50%. \ for a monthly of about 379. That MF seems high. Dealer claims it is set by GM financial which I don't disagree with. Just sounds high.
Ok. I think I'm learning how this forum works. Sorry. I created a new post originally. Chicago Suburb / 2017 Volt LT / MSRP 35,910. 3415 discount, 5110 Rebate Lease numbers came back 36/12 - MF 0.00112, Residual 50%. \ for a monthly of about 379. That MF seems high. Dealer claims it is set by GM financial which I don't disagree with. Just sounds high.
.00040 and 50%. But, we only show $4610 lease cash, so you could be getting regional numbers, which we can't confirm.
Are you in Cook County? There are two sets of taxes in Chicago - state and city, totaling something like 17%. That will make your lease payment real expensive.
ended up talking to the finance guy at the dealership. He understood exactly what I was talking about. ended up going from 379/month to 356/month and settled there. felt like it was a decent deal.
it's factored into the rebate somehow. you don't get the full 7500 that you would get if you were purchasing the car but you get a decent amount of it.
Nice ride btw, finally got to sit in a couple last week. Passed on a test drive since I was out of town and didn't want to deal with heavy traffic in unfamiliar territory. $7,500 would go a good ways of easing the sting on the Premier model we'd want with the sunroof.
it's factored into the rebate somehow. you don't get the full 7500 that you would get if you were purchasing the car but you get a decent amount of it.
@stever - The full federal tax credit goes to the bank funding the lease; generally, most or all of that flows through to the customer through a lease-only incentive.
Waiting on MSRP. Tax rate is 8.5%. Maybe a dumb question, but why does MSRP matter, if these numbers are better than what other dealerships are offering? Is it just so I can negotiate a lower price?
Waiting on MSRP. Tax rate is 8.5%. Maybe a dumb question, but why does MSRP matter, if these numbers are better than what other dealerships are offering? Is it just so I can negotiate a lower price?
The MSRP is what is used to calculate the residual value. That will vary based on options, etc.
Yes, a lower negotiated price will result in a lower lease payment.
Ok here are the specs: MSRP $41210, lease rebates ~$6900, dealer discount ~$3900, resulting in price of $30,280. 15K miles/year, $995 out of pocket and drive-offs, monthly payment of $376 including sales tax.
Ok here are the specs: MSRP $41210, lease rebates ~$6900, dealer discount ~$3900, resulting in price of $30,280. 15K miles/year, $995 out of pocket and drive-offs, monthly payment of $376 including sales tax.
Thoughts?
I get $361/mo with 8.5% using those numbers.
Confirm the adjusted cap cost with the dealer - if higher than the $30,280, find out what's been added.
Comments
Better deal all the way around.
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TIA
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Standard MF and residual .... and, I don't know what those numbers are.
36/10 - .00004 and 51%. $4610 lease cash.
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'24 Chevy Blazer EV 2LT
Premier: .00060 MF and 47% residual. $4235 lease cash
36/15
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'24 Chevy Blazer EV 2LT
36/12
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Chicago Suburb /
2017 Volt LT /
MSRP 35,910.
3415 discount,
5110 Rebate
Lease numbers came back 36/12 -
MF 0.00112,
Residual 50%. \
for a monthly of about 379. That MF seems high.
Dealer claims it is set by GM financial which I don't disagree with. Just sounds high.
Are you in Cook County? There are two sets of taxes in Chicago - state and city, totaling something like 17%. That will make your lease payment real expensive.
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btw...this forum is amazing.
(what happens with the federal tax credit on a lease anyway?)
Nice ride btw, finally got to sit in a couple last week. Passed on a test drive since I was out of town and didn't want to deal with heavy traffic in unfamiliar territory. $7,500 would go a good ways of easing the sting on the Premier model we'd want with the sunroof.
And, congrats on the new Volt!
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Much better off going with 36 months - .00040 and 48% for 36/15k. $4610 lease cash.
Add 2% for 12K
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Thanks!
$4610 lease cash
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Thank you
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36/12 - .00040 and 50%. $4610 lease cash. Add 1% for 10K
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36 months, 15K miles/year
$999 drive-offs
$375/month including tax
Does this seem like a reasonable deal? I was hoping for something a little lower. I'm in Northern California.
Need to know the MSRP and negotiated price to run the numbers.
Also, what is the tax rate?
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Yes, a lower negotiated price will result in a lower lease payment.
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Thoughts?
Confirm the adjusted cap cost with the dealer - if higher than the $30,280, find out what's been added.
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Thanks in advance!
D
$4610 lease cash
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