2021 Chevrolet Bolt EV Lease Deals and Prices

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Comments

  • kyfdxkyfdx Moderator Posts: 210,209
    Chogers said:

    Michaell said:

    Chogers said:

    Michaell said:

    Chogers said:

    Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?

    First, ask them what bank they are quoting.

    Our numbers come from GM Financial.
    Dealer zip is actually 49037.
    Does that effect MF any when plugging it in?
    I’m pretty sure it’s GMF.
    The Bolt numbers are national.

    I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.

    Simply insist on the base MF, or shop a different dealer.
    I thought dealers could only mark up the money factor by .00050?
    It varies by bank. Not sure of GMF's rules on that.

    But, GMF uses APRs, then converts them to MFs. (which most banks don't do)

    .00008 MF = 0.192 APR

    Their quote is exactly 2% higher. So, there is your markup.

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  • ChogersChogers Member Posts: 30
    kyfdx said:

    Chogers said:

    Michaell said:

    Chogers said:

    Michaell said:

    Chogers said:

    Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?

    First, ask them what bank they are quoting.

    Our numbers come from GM Financial.
    Dealer zip is actually 49037.
    Does that effect MF any when plugging it in?
    I’m pretty sure it’s GMF.
    The Bolt numbers are national.

    I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.

    Simply insist on the base MF, or shop a different dealer.
    I thought dealers could only mark up the money factor by .00050?
    It varies by bank. Not sure of GMF's rules on that.

    But, GMF uses APRs, then converts them to MFs. (which most banks don't do)

    .00008 MF = 0.192 APR

    Their quote is exactly 2% higher. So, there is your markup.
    Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
  • MichaellMichaell ColoradoModerator Posts: 209,712
    Chogers said:

    kyfdx said:

    Chogers said:

    Michaell said:

    Chogers said:

    Michaell said:

    Chogers said:

    Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?

    First, ask them what bank they are quoting.

    Our numbers come from GM Financial.
    Dealer zip is actually 49037.
    Does that effect MF any when plugging it in?
    I’m pretty sure it’s GMF.
    The Bolt numbers are national.

    I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.

    Simply insist on the base MF, or shop a different dealer.
    I thought dealers could only mark up the money factor by .00050?
    It varies by bank. Not sure of GMF's rules on that.

    But, GMF uses APRs, then converts them to MFs. (which most banks don't do)

    .00008 MF = 0.192 APR

    Their quote is exactly 2% higher. So, there is your markup.
    Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
    Certainly a dealer to shy away from.

    But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.

    I also believe dealers are not obligated to participate in the family discount program.

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  • ChogersChogers Member Posts: 30
    Michaell said:

    Chogers said:

    kyfdx said:

    Chogers said:

    Michaell said:

    Chogers said:

    Michaell said:

    Chogers said:

    Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?

    First, ask them what bank they are quoting.

    Our numbers come from GM Financial.
    Dealer zip is actually 49037.
    Does that effect MF any when plugging it in?
    I’m pretty sure it’s GMF.
    The Bolt numbers are national.

    I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.

    Simply insist on the base MF, or shop a different dealer.
    I thought dealers could only mark up the money factor by .00050?
    It varies by bank. Not sure of GMF's rules on that.

    But, GMF uses APRs, then converts them to MFs. (which most banks don't do)

    .00008 MF = 0.192 APR

    Their quote is exactly 2% higher. So, there is your markup.
    Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
    Certainly a dealer to shy away from.

    But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.

    I also believe dealers are not obligated to participate in the family discount program.
    Is it legal to mark up the MF by a whooping 2%??

    I did find something about if raising the MF by .00075 it waives the acquisition fee. Maybe that's what they are doing? At 1.8% that is almost 2% accounted for.

  • kyfdxkyfdx Moderator Posts: 210,209
    Chogers said:

    Michaell said:

    Chogers said:

    kyfdx said:

    Chogers said:

    Michaell said:

    Chogers said:

    Michaell said:

    Chogers said:

    Question. Why would the dealer give me a money factor of 2.192 for a Premier 36/10? Can I show them this post and ask them why it’s marked up so high?

    First, ask them what bank they are quoting.

    Our numbers come from GM Financial.
    Dealer zip is actually 49037.
    Does that effect MF any when plugging it in?
    I’m pretty sure it’s GMF.
    The Bolt numbers are national.

    I'll guess they are marking up the MF to .00091, and giving you that number as an APR to confuse you.

    Simply insist on the base MF, or shop a different dealer.
    I thought dealers could only mark up the money factor by .00050?
    It varies by bank. Not sure of GMF's rules on that.

    But, GMF uses APRs, then converts them to MFs. (which most banks don't do)

    .00008 MF = 0.192 APR

    Their quote is exactly 2% higher. So, there is your markup.
    Sounds as if I need to run from this dealer! Car has been on lot for 100 days. Not budging from msrp. Only getting GM family discount and $7500 lease cash. And they are marking up MF by 2%. Wth!? On top of that they told me they aren’t allowing gm family discounts on any other vehicles on the lot. Just on the 8 bolts they have. Why would they do that? It’s not like they lose money on a sale using gm discount right?
    Certainly a dealer to shy away from.

    But, with low inventory, it's possible most dealers are using this opportunity to make extra money, however they can.

    I also believe dealers are not obligated to participate in the family discount program.
    Is it legal to mark up the MF by a whooping 2%??

    I did find something about if raising the MF by .00075 it waives the acquisition fee. Maybe that's what they are doing? At 1.8% that is almost 2% accounted for.

    As noted before, we don't know the rules on markups for GMF

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  • ChogersChogers Member Posts: 30
    Hello again. RV/MF/ and incentives for a 2021 Bolt LT. 36/10 please. Is there a 24 month for the LT perhaps? Dealer zip code is 48375. Thank you!
  • kyfdxkyfdx Moderator Posts: 210,209
    Chogers said:

    Hello again. RV/MF/ and incentives for a 2021 Bolt LT. 36/10 please. Is there a 24 month for the LT perhaps? Dealer zip code is 48375. Thank you!

    .00013 MF and 53% residual
    $4000 lease cash

    24 month term not offered

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  • ryan_washryan_wash washington stateMember Posts: 27
    Can i get numbers on the LT and Premier bolt 36/10 98944
  • kyfdxkyfdx Moderator Posts: 210,209
    ryan_wash said:

    Can i get numbers on the LT and Premier bolt 36/10 98944

    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $1000 customer incentive

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  • ATL_electricATL_electric Member Posts: 2
    Can I please get the residual, MF, and offers on the 2021 Chevrolet Bolt Premier:

    36 months, 10k mi/yr


    in ZIP 30316? Thanks so very much!
  • MichaellMichaell ColoradoModerator Posts: 209,712

    Can I please get the residual, MF, and offers on the 2021 Chevrolet Bolt Premier:

    36 months, 10k mi/yr


    in ZIP 30316? Thanks so very much!

    .00008 and 53%
    $5000 lease cash
    $1000 customer incentive

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  • jrz995jrz995 Member Posts: 73
    Hello,
    Good evening. Can I please have the incentives, RV and MF for 2021 Bolt LT with DC Fast Charging and Premiere 36/12 and 36/15 in zip code 33411.
    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 209,712
    jrz995 said:

    Hello,
    Good evening. Can I please have the incentives, RV and MF for 2021 Bolt LT with DC Fast Charging and Premiere 36/12 and 36/15 in zip code 33411.
    Thanks!

    36/15
    .00013 MF and 50% residual
    $4000 lease cash

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  • JesuscookiesJesuscookies Member Posts: 6

    Hello can I get the new RV, MF and incentives for may, Bolt 36/10 both Premier and LT. Zip Code is 91042

  • MichaellMichaell ColoradoModerator Posts: 209,712

    @Jesuscookies said:
    Hello can I get the new RV, MF and incentives for may, Bolt 36/10 both Premier and LT. Zip Code is 91042

    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive

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  • SteelcityBreakdownSteelcityBreakdown Member Posts: 1
    Hello,
    Can I get the current RV, MF and incentives for 36/10 both premier and LT. Zip Code is 73160.
    Thank you.
  • MichaellMichaell ColoradoModerator Posts: 209,712

    Hello,
    Can I get the current RV, MF and incentives for 36/10 both premier and LT. Zip Code is 73160.
    Thank you.

    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive

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  • RobC2RobC2 Member Posts: 13
    Hello. Can I get the new RV, MF and incentives for May, Bolt 36/10 both Premier and LT. Zip Code is 28075. Thank you.
  • MichaellMichaell ColoradoModerator Posts: 209,712
    RobC2 said:

    Hello. Can I get the new RV, MF and incentives for May, Bolt 36/10 both Premier and LT. Zip Code is 28075. Thank you.

    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive

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  • jjjjellyjjjjelly Member Posts: 1
    Hi! Could I get the MF, RV, and incentives for the 2021 Bolt LT 36/ 10k Zip 94305? Thanks!!
  • kyfdxkyfdx Moderator Posts: 210,209
    jjjjelly said:

    Hi! Could I get the MF, RV, and incentives for the 2021 Bolt LT 36/ 10k Zip 94305? Thanks!!

    LT - .00013 and 53%; $4000 lease cash

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  • rainintheraininthe Member Posts: 43
    edited May 2021
    Hi. can I get the May 2021 RV, MF and incentives for the 2021 Bolt LT and Prem at ZIP 30319 for 36/10K? Thanks a ton!!
  • MichaellMichaell ColoradoModerator Posts: 209,712
    raininthe said:

    Hi. can I get the May 2021 RV, MF and incentives for the 2021 Bolt LT and Prem at ZIP 30319 for 36/10K? Thanks a ton!!

    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive

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  • GooteechevGooteechev Portland Member Posts: 86
    edited May 2021
    Premier 36/12K 98532. MF,RV lease incentives TIA
  • MichaellMichaell ColoradoModerator Posts: 209,712

    Premier 36/12K 98532. MF,RV lease incentives TIA

    .00008 and 52%; $5000 lease cash; $3000 customer incentive

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  • spencertimmspencertimm SF Bay AreaMember Posts: 18

    Hi there, looking at a 2021 Bolt EV. Could I get the MF, RV, and any incentives for a 2021 LT with fast charge? I’m in 94608. Thanks!

  • MichaellMichaell ColoradoModerator Posts: 209,712

    Hi there, looking at a 2021 Bolt EV. Could I get the MF, RV, and any incentives for a 2021 LT with fast charge? I’m in 94608. Thanks!

    36/10
    .00013 and 53%; $4000 lease cash

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  • TimBosbyTimBosby Member Posts: 38
    Hi,
    My wife and I are trying to figure out the deals in our zip code - or anywhere nearby. Omaha, NE - ZIP 68147
    Are the lease cash deals and customer incentives etc, stackable? So when I'm figuring the price do I take the total of those different promotions off the MSRP?
    In any case, could we get the residual and money factor for our area - all trims - for 36/10 as well as 36/12?
    Thanks!
  • MichaellMichaell ColoradoModerator Posts: 209,712
    TimBosby said:

    Hi,
    My wife and I are trying to figure out the deals in our zip code - or anywhere nearby. Omaha, NE - ZIP 68147
    Are the lease cash deals and customer incentives etc, stackable? So when I'm figuring the price do I take the total of those different promotions off the MSRP?
    In any case, could we get the residual and money factor for our area - all trims - for 36/10 as well as 36/12?
    Thanks!

    36/10
    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive (stackable)

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  • TimBosbyTimBosby Member Posts: 38

    @Michaell said:
    36/10
    LT - .00013 and 53%; $4000 lease cash
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive (stackable)

    Thank you! My wife said she saw something about a $12,000 rebate but I'm guessing that doesn't apply to leases.

  • MichaellMichaell ColoradoModerator Posts: 209,712
    TimBosby said:

    @Michaell said:

    36/10

    LT - .00013 and 53%; $4000 lease cash

    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive (stackable)

    Thank you! My wife said she saw something about a $12,000 rebate but I'm guessing that doesn't apply to leases.


    Nope, it doesn't.

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  • JesseBoarmanJesseBoarman Member Posts: 3
    Hi, can I please get the MF, RV, and incentives for a 2021 Premier, zip code 92115? Thanks!
  • kyfdxkyfdx Moderator Posts: 210,209

    Hi, can I please get the MF, RV, and incentives for a 2021 Premier, zip code 92115? Thanks!

    36/15
    .00008 MF and 50% residual
    $5000 lease cash
    $3000 customer incentive

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  • eteraetera OaklandMember Posts: 7
    Hi, can I please get the MF, RV, and incentives for a 2021 LT and Premier, zip code 94610? 36/10. Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 210,209
    etera said:

    Hi, can I please get the MF, RV, and incentives for a 2021 LT and Premier, zip code 94610? 36/10. Thanks in advance!

    LT - .00013 and 53%; $4000 lease cash. $1400 customer incentive
    Prem - .00008 and 53%; $5000 lease cash; $4400 customer incentive

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  • JesseBoarmanJesseBoarman Member Posts: 3
    Hi, can I please get the MF, RV, and incentives for a 2021 Premier, 36/10, zip code 92115?
    Sorry, 1st time I forgot the term/miles.
    Thanks!
  • kyfdxkyfdx Moderator Posts: 210,209

    Hi, can I please get the MF, RV, and incentives for a 2021 Premier, 36/10, zip code 92115?
    Sorry, 1st time I forgot the term/miles.
    Thanks!

    +3% for 10K/yr

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  • JesseBoarmanJesseBoarman Member Posts: 3
    There are still some of last years 2020 Premiers out there, and I'm considering leasing one. Could you please tell me the MF, RV%, and incentives on one of these for 36/10 and 39/10? The advertised lease deals on the Chevy websites all have 39 month terms? Nobody seems to ask for 39 month residual values. Am I missing something?
    Thanks so much for your help!
  • kyfdxkyfdx Moderator Posts: 210,209

    There are still some of last years 2020 Premiers out there, and I'm considering leasing one. Could you please tell me the MF, RV%, and incentives on one of these for 36/10 and 39/10? The advertised lease deals on the Chevy websites all have 39 month terms? Nobody seems to ask for 39 month residual values. Am I missing something?
    Thanks so much for your help!

    2020 model discussion

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  • sarturosarturo Member Posts: 4
    Hi there, could I please get the MF, RV, and incentives for 2021 LT and Premier in zipcodes 94121 as well as 37208 for a 36/10, 39/10 and 48/10? Thank you!
  • kyfdxkyfdx Moderator Posts: 210,209
    sarturo said:

    Hi there, could I please get the MF, RV, and incentives for 2021 LT and Premier in zipcodes 94121 as well as 37208 for a 36/10, 39/10 and 48/10? Thank you!

    LT
    .00013 MF and 53% residual
    .00013 MF and 51% residual
    .00029 MF and 44% residual
    $4000 lease cash
    $1400 customer incentive (CA only)

    Premier
    .00008 MF and 53% residual
    .00008 MF and 51% residual
    .00023 MF and 44% residual
    $5000 lease cash
    $4400 customer incentive ($3000 in TN)

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  • andys_osuandys_osu Member Posts: 63

    Howdy friends,

    Looking for RV, MF, incentives on a 2021 BoltEV Premier 36/10 in 76180. Thanks!

  • MichaellMichaell ColoradoModerator Posts: 209,712
    andys_osu said:

    Howdy friends,

    Looking for RV, MF, incentives on a 2021 BoltEV Premier 36/10 in 76180. Thanks!

    .00008 MF and 53% residual
    $5000 lease cash
    $3000 customer incentive

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  • andys_osuandys_osu Member Posts: 63

    @Michaell said:
    .00008 MF and 53% residual
    $5000 lease cash
    $3000 customer incentive

    No one tries very hard to sell EVs in this state! Haha

  • andys_osuandys_osu Member Posts: 63

    @Michaell said:
    .00008 MF and 53% residual
    $5000 lease cash
    $3000 customer incentive

    Honestly that’s not bad for TX

  • andys_osuandys_osu Member Posts: 63

    @Michaell said:
    .00008 MF and 53% residual
    $5000 lease cash
    $3000 customer incentive

    I always trust your numbers but the dealer today came back with some crazy monthly payments.

    By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.

  • MichaellMichaell ColoradoModerator Posts: 209,712
    andys_osu said:

    @Michaell said:

    .00008 MF and 53% residual

    $5000 lease cash

    $3000 customer incentive

    I always trust your numbers but the dealer today came back with some crazy monthly payments.

    By my calculations: a $44k Premier sold at $43000 with $8000 in incentives and a $4800 trade credit should come in at $275 INCLUDING tax tag a license ($6.25% sales tax in TX). Their number was $360 a month. They questioned me on “where I got that residual value”. I walked away but planning to go back and lay the smack down.


    Dealer cannot alter the residual value; it's fixed by the bank.

    I guess the question is - which bank? Our numbers come from GM Financial.

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  • TeleCoTeleCo Member Posts: 2

    Hello,

    Looking for RV, MF, incentives on 2021 BoltEV LT and Premier 36/10 in 15086. Thanks

  • kyfdxkyfdx Moderator Posts: 210,209
    TeleCo said:

    Hello,

    Looking for RV, MF, incentives on 2021 BoltEV LT and Premier 36/10 in 15086. Thanks

    LT - .00013 and 53%; $4000 lease cash.
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive

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  • TeleCoTeleCo Member Posts: 2
    kyfdx said:

    TeleCo said:

    Hello,

    Looking for RV, MF, incentives on 2021 BoltEV LT and Premier 36/10 in 15086. Thanks

    LT - .00013 and 53%; $4000 lease cash.
    Prem - .00008 and 53%; $5000 lease cash; $3000 customer incentive
    Thank you!
    Would those numbers be the same for the 2020 model year? I was able to find a few Bolt Premier 2020 at a reasonable driving distance.


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