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Chevrolet Volt Lease Questions
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You don't get the federal tax credit on leases, only on purchase.
Looking to lease a leftover 2012, loaded. I am located in Kane County, IL. What are the MF and Residuals (as well as any cash back) for these cars for a 3 year 15K a year lease?
I am hoping to be under $380 a month, but I don't know how the leases are shaking out.
- Matt
You should be able to get 5-6000 dealer incentive
as well as a 2000.00 or so discount off MSRP.
My 2012 loaded 45740.00 MSRP. I leased for 3500 cash down
220 mo 2 year lease 10,000 per year
I am happy with my deal and love the car.
Some can do better on the lease I would guess, I was fine with the price
I got.
I am in Southern CA bought at
Connell Chevrolet, Costa Mesa CA.
I am willing to travel outside to get the good deal.
Thank you~
GM is currently providing a $2,500 cash incentive on 36-month leases of this car through Ally.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I love these edmunds boards but i also love the forum at the gm volt site. Google "gm volt forums" and it will come up...make sure you find the fleet guy from keyes. They get rave reviews. On the east coast, i cant say enough nice things about criswell in suburban dc
Love my volt. Got a lease...no money down...two years...15k miles...safety and leather package for 360 a month. 2013 model no less. I got pretty lucky i think
at Connell Chevrolet Costa Mesa CA
Eddie Cuartra and his son Joey.
Really good guys there
I purchased mine 9/5 so about 3 weeks ago
Hope i am mot violating protocol
Stefan kube was my sales guy
Great experience
For September, what is the money factor, residual and Alley Lease cash on 2012 Volt, 24 months, 12,000 annual miles.
Volt has leather, navigation and backup camera.
Thanks
Mel
There is nothing anywhere on GM site about extent of rebates, incentives to dealer or consumer but clearly they are out there. How would dealer give $4000 or $6000 off??
Zeigler Schaumburg - $560/month for 2013 with Premium - no down, inclusive of t/t/l
Castle Villa Park - $360/month + $5,000 down for 2013 with Premium, inclusive of t/t/l
Bill Kay Lisle - $299/month + $2,000 down for 2013 base model, t/t/l extra
None of the dealers have tried to offer a deal, none have shown interest to offer a 2012 model instead (which I have been showing interest in if it comes cheaper, as they say that 2012 stock have higher sticker price and they are more keen to get 2013 models off, really??).
To all the experts of this forum - am I missing something or is it my bad luck with the dealerships?
Also, I am a newbie in car leasing so am learning few things hard way (like IL along with few other states will make you pay full sales tax even on leasing the car, unlike other states where you can pay on your monthly lease, which for 8.5% for Cook County is substantial).
Cheers,
Savy
Just had a bit of a brainstorm for those thinking of leases on Volts. May be a bit of a stretch but could appeal to some of you. I am a member of Pentagon Federal Credit Union and they offer a balloon payment option -- similar to a lease but you own the car. I am not sure how difficult it is to join Penfed but I imagine other credit unions could offer similar programs. I have not looked into it yet. At any rate, Penfed offers 1.74% interest on these balloon deals. Here is my math
As a price proxy, I used www.fitzmall.com who is offering a 2013 Volt for $39282 (MSRP of $40,845). I rounded this up to $40,500 to cover the taxes. Assume with purchase, you will get a $7500 tax credit as a down payment (that is, you would likely have to come up with $7500 down at purchase but assume you will get it back in taxes). No other money down required
Given this, Penfed monthly payments would be
$401/Month for a 36 month balloon (Balloon balance of $20,351)
$416/Month for a 24 month balloon (Balloon balance of $24,416)
Of course there are many advantages/disadvantages relative to a lease. this might appeal to those who get a state credit for purchase. This might also appeal to those who dont want to worry about miles. On the flip side, you dont just to get to turn it back in if you dont like it - you would have to sell it and hope you can cover the balance or you would have to refinance the balance.
Still this might appeal to a select few of you
Just a thought
Dave
Was the $345 incl of t/t/l? Did they discount the MSRP when you decided to purchase? Even I don't need a nav, but wasn't aware that you can opt a premium package without nav.
After setting up an appt to meet with Paul Duran, I was still having second thoughts. I had just paid off my Honda, but every time I pulled into a gas station (even with my great MPG car!), and every time I was in stop & go traffic for an hour to go 20 miles, I would think about the Volt. Sure there were other EV's on the market, and they could get the HOV stickers also, but lets face it. The Volt is just hands down the best looking one. Hey, that is always a factor, right!?
So I go and meet Paul, find out the deal is exactly in the range I was looking for (and no haggle, hassling, GREAT experience) and signed the papers right then. Woo Hoo! What an awesome car. The first ride home was an eye opener. Test drives are just not a good way to "really" check out if the car is right for you. Yep, put that sucker in Sport Mode, blasted the Bose speakers, and fell in love on the spot!
I've never loved a car before, it is quite an interesting experience. I pat it in the garage "don't worry, we'll go driving tomorrow", actually READ the manual for the first time ever for any car, and get excited every time I drive to work. Whats up with THAT!!??
Never mind the check I just got for the Clean Energy rebate, or the ONStar service free for 3 years (which I love love love) or the 30 gig hard drive that I packed all my music on and still have 70% left, I HAVEN'T EVEN BEEN TO A GAS STATION YET! 2 months, 2000 miles, 3.9 gals of gas. Oh, how I so do NOT miss the gas station. Hey, does anyone even know how you put gas in this thing??
Oh yea, and my commute now is a sweet 25-30 mins each way, no matter what time of day. If I had more thumbs, they would all be UP!
I am very impressed with how the car works and the engineering on the exterior and interior. The car is way ahead of time. I only have the base model, but honestly it is very loaded.
I have teenage kids and they love to ride in the Volt as it is a "cool car".
The OnStar charging Iphone app is also very cool.
I did look at the plug in Prius and there is no comparison.
I am bummed the Volt gets a bad rap for the cost and taxpayer subsidy, but it really is a great car.
Keep up the great work Volt Team. I love my Volt~!~
Can you please share details on your 36 month lease: how much down, mileage allowed per year, monthly payment, any manufacturer rebates etc..
What is considered a "good" deal in your guys' opinion? In terms of monthly payment, is $350/month foolish to expect?
Thanks
Thanks
There is currently a $2,500 cash incentive on leases of this car through Ally.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I just leased a 2013 Cyber Gray, black leather, white ceramic trim, with all the bells and whistles except nav. Total cap cost $39,500, residual value $25,961. $2,500 in rebates and noncash credits, $0 down (just upfront payment of first month and returnable $400 security deposit). Total monthly payment of $372 (not including MA taxes). I take delivery tomorrow.
This site has been very helpful and I'm posting the details of my deal in hopes that other people find it useful.
What are the incentives from Ally?
These numbers are for November and December.
This was my latest offer on a 2013 loaded Volt: Premium Trim, Safety 1 and 2, Bose system, Nav, and Polished Wheels. I would welcome your comments. Thanks.
MSRP: $44,605.00
Sale price: $42,928.00
36months 12,000 miles per year. $2500 down
Residual Value 61% or $27,210 (buyout)
Lease Money factor 0.00081 (rough APR 1.9%)
Total due at inception $2500 includes 1st payment
35 payments remaining at $437.07
The payment is $418.00 including California Taxes
36 Months 15,000 Miles. I put down $1,750
I know the money factor was about 1.9 thru Ally.
It included 1st payment.
Where are you located?