2016 Chevy Volt Lease Options?

sffrank

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?

kyfdx

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.