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Chevrolet Volt Lease Questions
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Considering the markup I've seen here, one option is to purchase/lease the car in Cali and ship to Hawaii (c. $1100). So far it looks like HI prices would more than make up the difference and I could use a mainland trip for business as well.
I would certainly be interested in talking to the dealer, or (aimed at other readers) any other dealers that are willing to take a similar offer.
Mahalo!
Can you verify if there is $1k in conquest cash on volt leases or purchases?
Thanks
Is there some sort of state incentive in IL the deal could be adding in?
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Since we are new to the EV driving should we reduce the $895 NAV option and others to get the the max CAP rate mentioned? We are not planning on buying this lease out at end.
Dealer has negitiated price to $41036 plus TTL. We want We are currently offered the following:
2013 Volt $44,170*
MSRP1 from $39,145
Destination Freight Charge $850
Options
17" 5-spoke polished aluminum wheels $595
Premium Trim Package Remove $1,395
Enhanced Safety Package 1 Remove $575
Chevrolet® MyLinkTM radio with navigation $895
Premium Bose® Energy Efficient Series sound system Remove $495
Premium all-weather floor mats (Dealer-installed) Remove $110
All-weather cargo mat (Dealer-installed) Remove $110
Options Total $4,175
Total MSRP $44,170
Price $44,170*
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
I just looked at the available lease programs on the 2013 Volt and I don't think that GM is offering special leases on 24-month leases of it, only 36-month terms. If you want to lease one, you're probably going to have to go with a 3-year lease.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Looking to lease 2013 volt soon and worked with a local dealer recently on the following deal (was wondering if someone can do a sanity check on that):
MSRP - $44,120
36mo, 36k
MF - .00044 (1.1%)
No cap reduction (no money down)
Car offer price - $41,658
Residual - 59% (is this right for 12k/y 36mo currently?)
Dealer's offer: $444/mo (my numbers come to $419 or so)
Does anyone know other fees charged by dealer? Document fee is $80, I believe, there is lease acquisition fee of $595 (I think), plus tax and registration fees.
Dealer claims 2 advertising fees are due in North CA each is $421 (so total $842), sounds strange to me, but I'm not familiar with Chevy leasing. If I add $842 to my calculations, I can see how dealer came to $444/mo. This of course includes incentive of $2,820
Any feedback on the deal and current leasing conditions would be appreciated.
Thanks!
$398/mo (includes lease return insurance for any excess wear/tear)
36 months, 12K per year
No money down
MSRP of the car $42K (Premium with polished wheels)
Have been enjoying 95% gas free driving for 2 weeks now. Just finished self-install of Voltec charging station.
Good luck!
> Money Factor
> Residual
> Discount off of MSRP
> 45k miles
> 36 months
> No $$ down
> Tag, title, dealer fees: $1k
There bigger question/issue is application of the $7,500 tax credit and how it applies to a lease in Georgia, if at all.
As always, thank you for your help and any additional negotiation points that I could use with this vehicle is appreciated.
- Couchman57
Let me first start off by saying, if you search my previous posts where I leased Lexus vehicles, I've calculated leases to the final cent, finding out the money factor, multiple security deposits to get the MF down, residuals, etc, etc. I can calculate a lease payment to the cent with a hand held calculator but then that's a lost skill because now they have lease calculators you can download from the app store....haha..
This is the first time in my lease experience where I negotiated for a lease on monthly payment and down payment. I do not recommend this normally, anybody who negotiates on monthly payment and down payment and not on actual lease numbers, like residual and MF is going to get ripped off but if I do say so myself, this isn't my first rodeo and I know what I'm doing.
Here's the basics of my deal. I did not trade in a car. I did not buy an extended warranty. I did not buy accessories. I did not buy anything else, nothing, nada... there's no where, where they made money on me. People post great deals on cars and fail to mention that they traded in a car and took a 2000 loss or they bought 2000 of accessories or window etching, then of course they get a "good deal" on the car.
2013 Volt
MSRP: $43950
36months/15,000 miles through US Bank.
$339 + tax
$0 down, I paid nothing down, nada, not even title, tax, acquisition fee, nothing. Everything was rolled into the lease payment.
I paid the first month's payment on drive off, nothing else, not a penny more.
I qualified for the $1000 lease conquest rebate since I was leasing a Lexus.
This price seems to be only possible in 2 or 3 SoCal Chevy dealers that it. I tried to get others dealers closer to me to match it but it was a no go. From what I understand, some really high volume dealers get a bonus rebate from Chevy for selling a ton of Volts, so the high volume guys can do prices that nobody else can.
Good luck everyone.
My lease will be due in two months and I am looking to lease a Volt.
I went to a local dealer and they quoted me $299/mo with $2500 drive off and 12k/Yr. I think
I can do better than that, so I need your help. What are the best lease terms in Los Angeles area?
Thank you.
Susan
When you post numbers, especially for leases, it's best to post the MSRP of the car you bought and mention if you had to buy any extended warranties, options or had a trade in, it gives a clearer picture of what you paid.
I have been reading this thread and it has been very helpful, however I am still a little confused. I am looking to go lease a Volt soon. I am in NW 'burbs of Chicago. My questions -
1. When leasing, do I negotiate the federal tax credit from the price of the car.
2. Is anything other than the sale price negotiable or is it fixed by the bank (money factor/ residual value etc)
3. Any other advice would be helpful
Thank you for your post. Most of the dealers claim they are the high volume dealer. Can you name the ones that gave you a good deal?
Thank you.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Dealers are sometimes allowed to mark vehicles' money factors up. I doubt that would happen on a Volt, but I suppose that it's possible. Other than that, the main negotiable aspect of your deal will be the vehicle's selling price.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Reading through the posts and I have not noticed any posts from the New England Area. My husband and I are considering leasing a 2013 Volt. The one he is interested in has a MSRP of about $43K. It has safety packages 1 & 2. We are looking to lease for 36 months with 15K miles per year. We did see a lease special on the $39,995 MSRP $2399 down not including tax, title, insurance with 12K/year for 36 months for $269/mo When we go in, they are telling us that is the ONLY model they have lease specials on and then quote us ridiculously high monthly payments and money down. Any idea best lease on what we are looking for? Any specials you know of? How to negotiate?
Thanks so much for your help!
MSRP is $40,055.
Lease Monthly Payments with all Taxes and Fees $298.73. $2,000 Drive-Off.
36 Months, 15,000 miles per year.
$23,922.55 Residual (Price to buy at the end of the lease). $395 Disposition Fee at the end of the lease if you choose to walk away from the car.
MSRP: 39,995 (Base)
Cap Cost: 32,000
10k miles/year (0.20/mile overage)
36 months
Money Factor: 1.05
Residual Value: 23600
My Cost: (Payments include Tax, License, and Fees)
Down Payment: 0 Monthly: 319
Down Payment: 1000 Monthly: 290
Down Payment: 2000 Monthly: 261
Additionally, he said that to upgrade to 12k miles per year would be $8 more per month. (Did not go into details)
Does this sound like a reasonable deal? Should I try to court other dealerships?
MSRP: $40,270
Selling price: $37,497.95
36 month term/ 12,000 miles a year.
Residual value: 58% or .58
Rate: 1.05
Cap Cost Reduction: $4,250
$335 a month
$0 down (including tax tag title and dealer fee)
$335 due for first month (drive off fee)
2 year/24,000 maintenance package for $200
$335 per month, 0 down for 36 month seems pretty good deal.
Thanks in advance.
I am heading there today to talk to the Sales Manager. Will report back with details.
$337.29 a month
39 month lease
1250 miles per month...(15000 a year, or 48750 total miles)
$0 down (includes tax, tag, title, dealer fees)
1st payment due upon signing.
2 Years Maintenance free.
1 free new car smell....Ahhhhh!
Only car upgrade was heated seats and leather wrapped steering wheel.
I think I got a great deal!
I live in the Boston, Massachusetts area. I am trying to find someone to assume the lease in a one-time payment, and am willing to discount off of the current dealer monthly lease rates (that seem to be in the $330 - $350 per month range).
Two questions: (1) what is the best way to advertise this lease transfer deal (other than on Craigslist) (2) what is an appropriate discount?
Thanks.
Thank you!
Thank you!
This is for a 2013 Chevrolet Volt with just the premium trim package. The color is cyber grey and the the interior is black
msrp $ 41,390.00
sale price $ 38,490.00
term $ 36.00
interest rate $ 1.05
rebates $ 5,250.00
down payment $ 1,000.00
residual .59% = $24,420.10
payment 294.88 pls tx = $323.78
license fees $ 230.50
doc fee $ 150.00
security deposit $ -
I'm looking to lease a Volt for 36 months this month. I'm curious if anyone knows the current Residual and MF? I'm looking primarily for a 36 month lease with 15k. I live in Southern California if that makes a difference on Incentives.
Thanks!!
Sticker was $40,275
Gross cap cost $38,795
Adjusted cap $31,643
(Cap reduction was $7,400 - which was $5,250 in rebates to dealer and $2,150 in cash from me - BUT, my cash was $1,300 in drive off, incl first month, DMV, acquisition. So my true cash down was $850.)
Residual $24,818
Lease is 12k miles per year, 36 months.
Monthly is $220.00 and then tack on LA tax and total is $240.50.
Decent deal and and a pretty cool car so far!
(Oh yeah, also did the paperwork for the $1,500 California Clean Vehicle Rebate Program. That check comes directly to me. Will also get a carpool lane sticker in a couple weeks.)
Which dealership in LA did you get the car from?
Can you explain how you had to pay $2150 in cash but your true cash down was only $850?
Thank you.
Sussan
The ad that drew me into the dealership (and also on their website) was $139 a month for 36 months with 10k miles per year. The ad stated $2,850 down required plus drive-offs, which they estimated to be $1,300. So, a great monthly price, but not so great at $4,150 out the door.
My offer was basically same lease factors with 12k miles per year and only $850 down plus drive-offs of $1,300 -- thus $2,150. So, my cap cost reduction was only $850... the rest would have been paid regardless (unless you built those into the cost of the monthly payments).
Ad (and "special pricing") is said to expire end of day on Monday 7/8, but who knows.
Good luck!
Did you get discount for having a competitor lease car?
Did you deal with their Internet department? Can I have his name? I don't want to get the run around.
Enjoy your new car.
I picked up a base model for $220/mo + tax + drive offs ($1,300) + $850 down for 12k miles per year. (My total drive off was $2,150.)
Both deals required top tier credit and both had $1,000 competitive lease discount. My deal closed through US Bank.
The deal you mention above ($139/mo, 12k, $2,150 drive off) doesn't exist anywhere.