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Chevrolet Volt Lease Questions

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  • bromionbromion Member Posts: 17
    Is there a Volt shortage? I went to a dealer today and they made me an absurd lease offer of $550 per month with nothing down. That's a joke. I called another in Los Angeles and the dealer said he'd call me back -- nothing back from him! What gives? Just a few weeks ago people were reporting crazy good deals. Now I can't even get one. Is this related to the Volt plant shutdown not long ago or just the market reaction to the gas spike and the good lease deals? At this point, I'm looking at waiting until end of Dec or January. Maybe I will comparison shop with the Ford plug-ins too.
  • travispetetravispete Member Posts: 24
    I was recently offered a deal for a 36mo 10k volt

    Loaded at 44120 msrp
    Selling price 41424

    Then I can apply 2k rebate

    This is a us bank deal

    Payment 419 inc tax. 1000 drive offs. Good deal.

    Car man do you have the lease rates and residuals for both ally and us bank? Thanks.
  • travispetetravispete Member Posts: 24
    What Cali dealer?
  • icemanbryanicemanbryan Member Posts: 16
    I got mine at Connell Chevrolet
    White w Black interior.
    Loaded, Nav, Leather, Bose speakers, Chrome wheels, back up camera
    I put down 3500 cash my payment is 223.00 mo
    2 year lease 10 k per year
    I think I did well.some will do better
  • ksunaksuna Member Posts: 3
    Received this lease offer for a 2013 Volt, White Diamond Tricoat, Performance Trim, Bose Audio, Nav, and polished wheels:

    36 months, 12,000 miles per year, $2500 down.

    $399 per month which includes all county taxes and fees. The buyout is $25,743.

    Any opinions?
  • brunksterbrunkster Member Posts: 1
    Thats better then I have got so far in KC. I have the same deal but 3500 down. where are you located and who is the dealer?
  • bromionbromion Member Posts: 17
    I'll be contacting Connell Chevy. Bunnin and Keyes in LA told me they're not doing 24 month leases. It seems they're not longer interested in selling these cars : )
  • bromionbromion Member Posts: 17
    Connell came back $470/month $1700 down. No thank you.
  • mjkeen5mjkeen5 Member Posts: 3
    I was offerred 36 mos.@ 329 (base package). or 410 (loaded) with 2700. down at a dealer in No. Va. According to them, all leases arranged thru Ally, so dealers have no leeway to change the deal. If true, why are there so many variations?
    This doesn't seem to be all that great a deal.
  • beady23beady23 Member Posts: 9
    The lease may be provided by Ally but, just like when you buy, you still need to negotiate the price of the car the lease is based on. A lease based on the MSRP is going to be more expensive than a lease based on the invoice price.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi zico2000. Ally's November base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Volt with 15,000 miles per year are 1.05% and 57%. This is for a model without navigation.

    General Motors is providing a $2,420 cash incentive on leases of this car through Ally.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Good explanation tschai. With the $7,500 credit included this car's 36-month, 15k residual is 57%.

    One definitely should not buy a Volt at lease-end.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    General Motors is providing a $2,420 cash incentive on leases of the 2013 Volt through Ally. This incentive is slightly lower, $2,300, on leases through US Bank. The US Bank lease program is probably still more attractive though.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi travispete. I just posted the Ally lease program a couple of messages ago. The residual value for a lease with 10,000 miles per year is 3% higher than the 15,000 mile per year residual.

    I haven't seen the US Bank lease program for this car, but I've heard that it's a little better than Ally's. I'll see what I can find out about it for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bromionbromion Member Posts: 17
    Is that $2420 after negotiation or $2420 off MSRP?
  • indoliyaindoliya Member Posts: 3
    If anyone has leased a loaded Volt in the last 2-3 weeks, please post the deal that you got.
    Thanks,
  • jbro3jbro3 Member Posts: 2
    So I'm reading this to try and figure out what kind of deal I should negotiate on leasing a 2012 or 2013 chevy volt tonight and tommrow. The ally deals that are listed (for 5045 for 2012, and 2424 for 2013) seemed to have expired at the end of october?

    What should I expect to pay for a 2012 premium without nav leased for 30-36 months at 12000 miles per year?

    I live in San Diego California and have great credit (around 750). PLEASE HELP, any advise on lenders, deals, prices, or dealer's would be great!
  • bromionbromion Member Posts: 17
    I got an offer on one that was Premium, Nav, ES1, premium sound, and fancy wheels for about $460 per month, zero down, 15k mi. Not terrible, but not great either.
  • indoliyaindoliya Member Posts: 3
    I got my lease in CA today. Can't say whether it is a good deal or not but I got a loaded 2013 Volt minus the sensors and the new rim design (everything else included). I paid $3250 down and $399 per month for 12k miles and 36 months. I think it may be possible for you to get the same deal for $3000 down. But you may have to be more adamant than I was!
    Good luck!
  • icemanbryanicemanbryan Member Posts: 16
    Good for you!
    I you are happy. that is all that matters.

    BTW I recieved my car pool stickers yesterday!!
    I may go drive today just to go in the car pool lane.
  • joebruin77joebruin77 Member Posts: 4
    I am looking to lease a new 2013 "fully loaded" Volt. This particular Volt has every available option except no special metallic paint and no special polished wheels. But it has Bose sound, nav, safety 1 and 2, etc. The MSRP is $44,120 . I was offered a 36 month lease, 12K miles per year with $1,500 due at drive off (includes first payment) and then 35 payments of $379 per month plus tax (which comes to just over $414 per month including tax). Since I live in California, I would get the state rebate of $1,500, so my net drive off cost is zero. So is 35 payments of $414 for a 36 month lease on this particular Volt a good deal? I live in the Los Angeles area. I welcome all feedback and suggestions. Thank you!
    joebruin77
  • bromionbromion Member Posts: 17
    Where did you get that offer??
  • jbro3jbro3 Member Posts: 2
    Ok- So I got my new 2013 Volt yesterday. Went with the base model since they are kind of hard to find around here and I didn't want to pay extra to have one delivered ect. Sticker price of 39,995- Paid 37,900. 5420.01$ in reductions (includes 2420 rebate, 1850 trade in, and 1150 down). 36 months, 12,000 miles per year. No security deposit, 1st payment taken out of reductions. Total with license, registration, lease fee's, and doc fee's = 38,575. Residual 23,597.05. Base payment of 320.44 plus tax= 346.88$.

    What does everyone think? I haggled all day- took in the consumer review showing what they paid. I'm sure I could have gotten it a little lower but after 4 hours I just didn't have it in me anymore to argue. I'm happy with it :shades:
  • icemanbryanicemanbryan Member Posts: 16
    As long as you are happy
    It all good
    Enjoy your Volt!
  • indoliyaindoliya Member Posts: 3
    icemanbryan, enjoy the car.
    good luck!
  • joebruin77joebruin77 Member Posts: 4
    Hi, Bromion,
    I got the offer from Keyes Chevy in Van Nuys, CA. I actually picked up a new Volt yesterday. It is fully loaded, including the metallic paint and black rims, and has an MSRP of just over $45,000. They wouldn't go any lower than their original offer (the one I originally quoted in my first post), but no other dealer would match their offer. So I took what they offered me. I paid $1,500 in total drive off at time of signing. This included the first month's payment. It is a 36 month lease, 12K per year. So I have 35 payments of $379 plus tax per month. And in CA, I will get the $1,500 back from the CA state rebate.
    I highly recommend Keyes. They were very professional, with no hard sale tactics.
  • karchkarch Member Posts: 45
    Putting $3K down on a lease goes against everything I have ever read or thought about leasing a car.

    Just saying.
  • bromionbromion Member Posts: 17
    Amazing. I was also dealing with Keyes. I went in this weekend and tried to lease the identical car. We negotiated around and got to $457 per month (inc tax) with $2100 drive-off, 15kmi, 36 months. 12kmi makes a difference, but I don't think a $50/month difference.

    Actually, I was close to getting around $430/month inc tax, which was in the range of reasonable for me, but then they tanked my trade-in. So that killed the deal.
  • joebruin77joebruin77 Member Posts: 4
    Actually, I may have a good option for you that can save your deal. There is a Carmax used car dealership in Burbank. You can take the car you wanted to trade in to Carmax. They will buy it off you, even if you do not buy a car from them. When I sold my wife's Subaru, the guy buying it didn't know how to get rid of his old car. A dealer offered him about $3,500 for his car. He went to Carmax and they offered him $8,000. He actually gave me an extra $500 just to thank me for suggesting Carmax.
    BTW, I eventually sold my wife's Subaru for $21,500. Carmax had offered me $20,000 for it, so what they offer is actually pretty fair. It's definitely a lot better than what the dealer will offer you on a trade in.
  • bromionbromion Member Posts: 17
    Thanks. I'll try Carmax, but I am doubtful I'll get close to what I owe on it. I'm looking to take no more than a $2000 loss. Can't hurt to try tho!
  • joebruin77joebruin77 Member Posts: 4
    Good luck with Carmax. Let us know what they offered you. I am curious if they are still giving decent offers.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey bromion. Negotiate the lowest possible pre-incentive selling price that you can for the Volt and then have the dealer subtract the $2,420 from that. The incentive is completely funded by General Motors, not dealers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bromionbromion Member Posts: 17
    Gotcha. I did notice this $2420 in the lease write-ups I looked at recently. Alas, still not enough to bring down lease prices to where they were a month or two ago.
  • travispetetravispete Member Posts: 24
    Got deal in northern cal

    Loaded 44k msrp 1095 oop
    420 per month incl tax 12k per year 36 mo

    Decent not best but had the car I wanted
  • avi_caravi_car Member Posts: 3
    Hi Travispete,

    Would you mind sharing the dealership name.

    Thanks in advance.
  • icemanbryanicemanbryan Member Posts: 16
    Not trying to take anything away.
    Here in SO CA (Costa Mesa, CA)
    I had a great leasing experience with Connell Chevrolet.
    I dealt with Eddie and his son Joey.
    Eddie has been there for years 20+.
    His son maybe 6 years.
    Anyway, we have bought from them several times, always a good experience.
    Again, not trying to take away, just posting my opinion.
  • mochacinamochacina Member Posts: 6
    Check out George Chevrolet in Bellflower. Ask for Alejandro.

    I got my 2013 Chevy Volt leased in September.

    $44k msrp without navigation. Don't need navigation when you get 3 years Onstar with turn-by-turn navigation download to your vehicle.

    $1200 drive off including 1st month.
    $325/month for 35 months....12,000 miles per year. ($325 is the total monthly payment with tax and everything.)

    I got $1500 rebate for the clean air incentive program.

    I used to pay more than $300 for gas every month. Now, i pay around $40-$50 a month to charge my car. So far, i only used up 3 gallons of gas from the same tank when i leased the car. Don't see myself filling up any time soon.
  • bromionbromion Member Posts: 17
    Can you tell us the residual on your lease? I have a feeling September was before they dropped the residuals and good luck getting that deal now.
  • mochacinamochacina Member Posts: 6
    The residual is $28,248. I had told a few of my friends and they got exactly the same deal, but that was in October. Doesn't hurt to try.

    I had a good experience. Negotiated the price over the phone the day before, went in the next day to test drive, pick the color i wanted then completed the paperwork....all in about an hour.
  • bromionbromion Member Posts: 17
    Thanks. Indeed, residuals are lower. For the same car, I'm getting residuals of about $26300 instead of $28300. Makes quite a difference.
  • toddebtoddeb Member Posts: 1
    Wow, this sounds like a great deal but I cannot figure out how you got such a low price from the info you supplied. I assume they heavily discounted off the MSRP and perhaps you got very low interest. Even so, using a lease calculator I cannot get the payments below $400/500 per month. Can you provide nay additional details? i would love ot find a deal similar to this in the LA area.

    Thanks!
  • mochacinamochacina Member Posts: 6
    Hi Toddeb,

    My car got all the upgrade except navigation (dont need bc of 3 years Onstar), Bose , leather heated seats, safety sensors, etc... i didn't get the special premium bc i didn't want to pay more. They discounted the car down to around $40.,000 and then discounted the $2500. Not sure how they did it. My total drive off was $1199. It was my first time leasing. It's $30 more if you want 15k mi. But i never drove more than 12k a year.

    George chevrolet is right off Bellflower on the 91 fwy . Ask for Alejandro.
  • mochacinamochacina Member Posts: 6
    I didn't care about the residual bc i don't plan on keeping my car after the lease term. This is the first time i lease a car. With the new technology and great lease price, my payment is the same as what i normally paid for gas. Unless i get a good lease deal later, i don't see myself leasing my next car.
  • bromionbromion Member Posts: 17
    Yes, I feel the same way. I prefer a high residual. Unfortunately, they lowered the residuals in mid October (RIGHT when I went to lease one!) and made a monthly lease rate more expensive.
  • bromionbromion Member Posts: 17
    Oh, I didn't realize it was 12k. I was looking at 15k. I also contacted George Chevrolet but they were only offering to go down to $42k before the $2420 reduction, not $40k. Maybe I can get them down to that price, too. Thanks!
  • mochacinamochacina Member Posts: 6
    Maybe it was a good thing i didn't know anything about leasing. I don't know how they do their calculation. I BS on what another dealership was quoting me and got them to beat it or match it....and they did. If you're serious about leasing the volt, i can ask the salesman that i got the car from to see if they can give you the same lease. It worked for my friends.
  • neerajsoodneerajsood Member Posts: 3
    i got my volt today with nav & leather mrsp 44150,
    drive off - $1750
    miles - 12k
    term - 36 months
    payment - $400 including tax CA

    is this a good deal?
  • mochacinamochacina Member Posts: 6
    Congratulations. As long as you are happy with it then it's a good deal. It's a great car. For the price of the car, i wish they make it more luxurious. I guess something gotta give . I have my car for 3 months and still has 6 gallons of gas left. I hope i remember how to fill gas later...lol.

    Btw, don't forget to enroll with Onstar and download the app on your phone for the remote start. I love the turn-by-turn navigation. I didn't know this but it takes about 16 hrs to charge on empty @8amp. You can over ride it to 12amp by pushing the leaf button. It will give you a quicker charge...about 10hrs on empty. Enjoy your Volt.
  • icemanbryanicemanbryan Member Posts: 16
    Yes, congrats!
    The I phone app is awesome.
    I have had my volt 3 months, gone 1200 miles. Three gallons of gas used, way cool.
    Enjoy it.
  • indercarindercar Member Posts: 2
    I am looking for a new Volt as well. Can you tell me where you got this deal from?

    Thanks.
This discussion has been closed.

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