2017 Chevy Bolt EV Lease Deals and Prices

teocon17

I'll be in the market for an EV vehicle. May I have the RV/MF for the Chevy Bolt EV LT? This is for Irvine, CA. Thanks in advance.

36mos/10k
36mos/12k

kyfdx

teocon17 said:

I'll be in the market for an EV vehicle. May I have the RV/MF for the Chevy Bolt EV LT? This is for Irvine, CA. Thanks in advance.

36mos/10k
36mos/12k

.00088 MF and 61%/60% residual
$1100 lease cash

someone10

May I have the RV/MF for the Chevy Bolt EV LT/Premier? This is for zip code 21042. 36/12k and/or 36/15k. Thanks in advance.

kyfdx

someone10 said:

May I have the RV/MF for the Chevy Bolt EV LT/Premier? This is for zip code 21042. 36/12k and/or 36/15k. Thanks in advance.

36/12: .00088 MF and 60%/59% residual for LT/Premier
Subtract 2% for 15K/yr
$1100 lease cash

teocon17

kyfdx said:

teocon17 said:

I'll be in the market for an EV vehicle. May I have the RV/MF for the Chevy Bolt EV LT? This is for Irvine, CA. Thanks in advance.

36mos/10k
36mos/12k

.00088 MF and 61%/60% residual
$1100 lease cash

Thank you very much.

dtopgear

Does Chevy have a 24month/10K lease for the Premier? Would be leasing in the south FL area.

kyfdx

dtopgear said:

Does Chevy have a 24month/10K lease for the Premier? Would be leasing in the south FL area.

Nothing shorter than 36 months on the Bolt

truetao

Please post November MF/RV and incentives for the 2017 Chevy Bolt:
36 months/7500 miles in Los Angeles, CA
Thank you!

Michaell

truetao said:

Please post November MF/RV and incentives for the 2017 Chevy Bolt:
36 months/7500 miles in Los Angeles, CA
Thank you!

no 7500 mileage allowance from GM; 36/10 numbers are:

.00088 and 61% (LT) or 60% (Premier); $1100 lease cash

hurjio98

MF/RV for 2017 Bolt LT 36/10 in SoCal for December?

Michaell

hurjio said:

MF/RV for 2017 Bolt LT 36/10 in SoCal for December?

.00088 and 61%
$1100 lease cash

mrhaytham

Newbie here.. apologies in advance.
What does "1100 lease cash" mean... like down payment?

I got this offer (haven't started negotiations yet) but just wondering what should my goal be? I'm in WA... also all I "really" want is the fast charging... the rest of the options just because that's what's available...

Michaell

mrhaytham said:

Newbie here.. apologies in advance.
What does "1100 lease cash" mean... like down payment?

I got this offer (haven't started negotiations yet) but just wondering what should my goal be? I'm in WA... also all I "really" want is the fast charging... the rest of the options just because that's what's available...

That really isn't an offer, it's the price sheet for the car you're interested in.

Lease cash is a factory to dealer incentive that works like a rebate to lower the price.

Suggest you read through the articles at this link to get you started with leasing.

https://www.edmunds.com/car-leasing/

cmapes15

Michaell said:

MF/RV for 2017 Bolt LT 36/10 in SoCal for December?

.00088 and 61% $1100 lease cash

I was trying to get a Bolt Premier lease today, SoCal.

Quoted 12k mi /yr @ 57% RV
$3268 in rebates
Chevy Conquest cash (Honda lease) @ $500.

Walked on the deal, their tweaks made it a $13k+ lease.

My questions are:

- Is this the correct residual? (57%)
- Is the Conquest cash only $500 this month?

kyfdx

cmapes15 said:

Michaell said:

MF/RV for 2017 Bolt LT 36/10 in SoCal for December?

.00088 and 61%
$1100 lease cash

I was trying to get a Bolt Premier lease today, SoCal.

Quoted 12k mi /yr @ 57% RV
$3268 in rebates
Chevy Conquest cash (Honda lease) @ $500.

Walked on the deal, their tweaks made it a $13k+ lease.

My questions are:

- Is this the correct residual? (57%)
- Is the Conquest cash only $500 this month?

57% is the correct residual for 39 months, 12K/yr
.00088 MF
$1100 lease cash

cmapes15

kyfdx said:

57% is the correct residual for 39 months, 12K/yr .00088 MF $1100 lease cash

That’s what I had thought, glad I walked.

What is the correct residual value for a Premier trim Bolt Ev in 36mo lease at 12k/yr? 58 or 59%?

kyfdx

cmapes15 said:

kyfdx said:

57% is the correct residual for 39 months, 12K/yr
.00088 MF
$1100 lease cash

That’s what I had thought, glad I walked.

What is the correct residual value for a Premier trim Bolt Ev in 36mo lease at 12k/yr? 58 or 59%?




59%

cmapes15

Thanks!

Kaimake

Hi, I just spoke with a dealership in Hawaii and they gave me a money factor of .0012958 on a 2017 Bolt. It is much higher than the money factors you are quoting above. Does the dealer set this or does Chevrolet? Does the dealership have the ability to change it?

Thanks in advance,

Marc

Michaell

Kaimake said:

Hi, I just spoke with a dealership in Hawaii and they gave me a money factor of .0012958 on a 2017 Bolt. It is much higher than the money factors you are quoting above. Does the dealer set this or does Chevrolet? Does the dealership have the ability to change it?

Thanks in advance,

Marc

Could be a lease from a bank other that GM Financial, which are the only numbers we have.

Kaimake

Great, thank you!

kyfdx

Kaimake said:

Great, thank you!

Also, possible that Hawaii has different lease programs than the mainland.

Kaimake

The Chevy Dealership is now telling me the $7500 federal tax credit for the Bolt is actually kept by GM financing and not deducted off the sticker price of the car!! Is this really true or am I getting bad information? When I leased a Leaf several years ago they dropped the sticker price by $7500 without hesitation.

The deal they are offering on a 2017 Bolt LT is 0$ down, $35,250 net cap, $595 acq. fee, 36 months, 10k and money factor of .00088 for $380/month, without tax. Not even close to where I want to be.

Thanks again,

Marc

Michaell

Kaimake said:

The Chevy Dealership is now telling me the $7500 federal tax credit for the Bolt is actually kept by GM financing and not deducted off the sticker price of the car!! Is this really true or am I getting bad information? When I leased a Leaf several years ago they dropped the sticker price by $7500 without hesitation.

The deal they are offering on a 2017 Bolt LT is 0$ down, $35,250 net cap, $595 acq. fee, 36 months, 10k and money factor of .00088 for $380/month, without tax. Not even close to where I want to be.

Thanks again,

Marc

Dealer is correct; no federal tax credit on the Bolt.

But, residual values on the Bolt are similar to a "normal" car (61% for 36/10), whereas on the Leaf they are abysmal.

kyfdx

Kaimake said:

The Chevy Dealership is now telling me the $7500 federal tax credit for the Bolt is actually kept by GM financing and not deducted off the sticker price of the car!! Is this really true or am I getting bad information? When I leased a Leaf several years ago they dropped the sticker price by $7500 without hesitation.

The deal they are offering on a 2017 Bolt LT is 0$ down, $35,250 net cap, $595 acq. fee, 36 months, 10k and money factor of .00088 for $380/month, without tax. Not even close to where I want to be.

Thanks again,

Marc

When you lease, the bank always keeps the tax credit. Then, they possibly give you a rebate. However, the tax credit for leasing is less than $7500. When Nissan Credit gave you a $7500 rebate, that was more than they received. So, the bank gets a credit for the Bolt (likely $4000-$5000), but they don't give you nearly that much in a rebate. Why? Bolts are selling well without them passing it along.

nonpulsed

Looking for rate and residual for LT so cal 10,12,15/year. Any lease cash?  Thanks in advance. 

kyfdx

nonpulsed said:

Looking for rate and residual for LT so cal 10,12,15/year. Any lease cash?  Thanks in advance. 

.00088 MF and 61%/60%/58% residual for 36 months
$1100 lease cash

jsp0626

Looking for rate and residual for both LT/Premier 36/10 in Portland, OR. Many thanks in advance.

Michaell

jsp0626 said:

Looking for rate and residual for both LT/Premier 36/10 in Portland, OR. Many thanks in advance.

LT - .00093 and 61%
Prem - .00075 and 59%
$1100 lease cash for both

jsp0626

Thanks a ton, Michael. What's the source on your MF info and how often does it change, so I know when I'm talking to the dealer? I was looking at a Bolt Premier in Portland last September and at the time their worksheet reflected a MF of .00164.

kyfdx

jsp0626 said:

Thanks a ton, Michael. What's the source on your MF info and how often does it change, so I know when I'm talking to the dealer? I was looking at a Bolt Premier in Portland last September and at the time their worksheet reflected a MF of .00164.

We can't reveal our sources, other than to say it's the same numbers the dealers have.

Rates change monthly

jsp0626

Understood, much appreciated.

jsp0626

I walked into my local Portland Chevy dealer tonight and was told they're using a MF of .00177. I asked about one-pay and for that the MF is .00104.

I have always heard the customer cannot negotiate MF. Are there legitimate reasons why they're using a different rate than the .00093 Michael listed?

kyfdx

jsp0626 said:

I walked into my local Portland Chevy dealer tonight and was told they're using a MF of .00177. I asked about one-pay and for that the MF is .00104.

I have always heard the customer cannot negotiate MF. Are there legitimate reasons why they're using a different rate than the .00093 Michael listed?

It's possible that they are using a bank other than GM Financial.
Or, the dealer could be marking up the rate for extra profit.

jsp0626

Advertised lease states "Must Qualify and Lease through GM Financial Leasing," and dealer confirms lease is thru GM.

Michaell

jsp0626 said:

Advertised lease states "Must Qualify and Lease through GM Financial Leasing," and dealer confirms lease is thru GM.

Then it's greed, pure and simple.

Politely tell them you won't sign a deal where the MF is marked up.

jsp0626

I did, and was told the MF markup is what they must do to offset the "big dealer discount" they are offering on the vehicle. Think they summed it up perfectly - they are indeed offsetting their own 'discount.'

Michaell

jsp0626 said:

I did, and was told the MF markup is what they must do to offset the "big dealer discount" they are offering on the vehicle. Think they summed it up perfectly - they are indeed offsetting their own 'discount.'

Dealers are becoming more savvy on lease negotiations - you can either get a big discount in price but an inflated MF, or the base MF and a smaller discount.

You'll have to run the numbers both ways, to see which results in the better deal.

Or, keep searching for a dealer willing to give you both.

uncle_jack

Hello Michael/kyfdx,
I recently negotiated with the dealer in Austin, TX for a Bolt Premier (MSRP $43905), 3 years, 15k miles/year. I told them I used the numbers you provided (Res = 57%, MF = 0.00088). The car salesman told me the numbers are incorrect and provided me the following numbers (Res = 56%, MF = 0.00075). He told me these are the numbers provided to his dealership directly from GM. If using his numbers, I think the interest is about $8 more per month. Can you help explain if the car salesman was telling me the truth?

Michaell

uncle_jack said:

Hello Michael/kyfdx,
I recently negotiated with the dealer in Austin, TX for a Bolt Premier (MSRP $43905), 3 years, 15k miles/year. I told them I used the numbers you provided (Res = 57%, MF = 0.00088). The car salesman told me the numbers are incorrect and provided me the following numbers (Res = 56%, MF = 0.00075). He told me these are the numbers provided to his dealership directly from GM. If using his numbers, I think the interest is about $8 more per month. Can you help explain if the car salesman was telling me the truth?

The dealer is quoting the correct numbers for January.

bflorunner

Could I get the RV/MF for the Chevy Bolt EV LT? This is for ZIP code 14226. 36/10k and/or 36/12k. Thank you.

kyfdx

bflorunner said:

Could I get the RV/MF for the Chevy Bolt EV LT? This is for ZIP code 14226. 36/10k and/or 36/12k. Thank you.

.00093 MF and 61%/60% residual
$1100 lease cash

uncle_jack

I was told by the car salesman at San Antonio, TX dealership that GM will stop leasing Bolt 2017 by the end of this month. Is this true or is it just another sale tactic to create pressure on customer?

uncle_jack

I was also told that MF went down from 0.00075 to 0.00073. Is this true as well?

uncle_jack

I’m told that there’s an extra $1000 certificate so that would make the total rebate $3600 ($1100 Lease cash, $1000 CCR program, $500 conquest cash, and $1000 extra from what/where?) see attached.

kyfdx

uncle_jack said:

I was told by the car salesman at San Antonio, TX dealership that GM will stop leasing Bolt 2017 by the end of this month. Is this true or is it just another sale tactic to create pressure on customer?

We don't know, but the Bolt and Volt are the only 2017 Chevy models still available for lease, so it wouldn't be surprising for the lease programs to end soon.

kyfdx

uncle_jack said:

I’m told that there’s an extra $1000 certificate so that would make the total rebate $3600 ($1100 Lease cash, $1000 CCR program, $500 conquest cash, and $1000 extra from what/where?) see attached.

We don't have details on the rebates.

If the dealer says the money factor is now .00073, I'd tend to believe them.

kiljaedon

Hi Michaell,
What is the MF/residual for Northern California Chevy Bolt EV '17? 10k/12k , 36 mo.

Any lease cash/incentives?

Thanks!

kyfdx

kiljaedon said:

Hi Michaell,
What is the MF/residual for Northern California Chevy Bolt EV '17? 10k/12k , 36 mo.

Any lease cash/incentives?

Thanks!

.00093 MF and 60% residual for 36/12
$1100 lease cash.

Probably other incentives, as well, but we only have the lease cash amount.

opfreak

Feb numbers for 17 36/15, for both the LT/ Premier zip 53172. Any incentives? Also any idea about 18s yet?

cartilage

What is the MF & residual for Northern California, zip code 94539 for 2017 Chevy Bolt EV LT?
10k/12k , 36 mo.
Thanks.