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2016 Chevy Volt Lease Options?

sffranksffrank Posts: 1
edited June 2018 in Chevrolet
My 2016 Chevy Volt Premier 36 mo. lease is coming due in Dec 2018. My residual purchase price is $21,800 and resale comps are ~$28,000. Could I negotiate a discount of something in between toward a new 2019 Volt or Bolt?
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Answers

  • kyfdxkyfdx Posts: 171,103
    sffrank said:

    My 2016 Chevy Volt Premier 36 mo. lease is coming due in Dec 2018. My residual purchase price is $21,800 and resale comps are ~$28,000. Could I negotiate a discount of something in between toward a new 2019 Volt or Bolt?

    Chances are, the bank won't negotiate with you.

    But, you could try to trade it in, a couple of months before lease end, to see if a dealer can let you recognize some equity out of it. But, that's $21800 in December. If retail numbers are $28K now, that's about $24K wholesale. In another six months, wholesale will likely match that residual number.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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