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Chevrolet Volt Lease Questions
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Comments
$3,000 down equates to about $83/mo (w/o interest), so you are paying $349/mo on a 36 mo/15K lease.
Compare to the fact we just did $302.88/mo w/ $0 down on a 36mo/15K lease... on a $41,390 Volt.
I would think you could do better, but I don't know the equipment level you are looking at for comparison.
I am about to close the deal on a 2013 volt. Fully loaded with MSRP of $44,060. Lease: 36 months, 15k miles annually, $3,000 down, Ally smartlease $850 (don't know whether its worth it). Dealer is asking for $350 per month.
I don't think that I will be able to get your kind of deal. But can try to get something closer.
Considering I am putting in an extra $2650 down - for ease of calculation sake let's presume that it goes towards the extra options in this car. ($44,060 this car - $41,390 your car = $2,670)
I think I will try to negotiate the price by atleast $1000 (that's $27 per month for 36 months).
Can you give your opinion on this Ally Smart lease program? Is it worth $850. If not what's a good price for that?
Can you get the conquest cash?
Having said that, how abusive (historically) are you on your vehicles? If you are good about cosmetic maintenance, it's likely unnecessary insurance. If you are not, I would try to negotiate a discount. I've heard of people getting it for $600 or less.
Burien: Zero down on base demo model, $315 per month, 36 month. This one has 1,000 miles on it and is white, my least favorite color, but I wouldn't see much of it when driving. No extra
Dave Smith: Zero down at $338 per month with safety package one (rear camera auto dimming rearview and rear parking assist), and comfort package (heated seats and leather trimmed steering wheel).
Both are 15,000 miles.
That's "Safety 1" package on the second vehicle, right? $575 + $275 for comfort = $850. That would be $23/mo or so for thoe options.
I would think the first one should be $300/mo and the second one about $320, but those numbers seem better than your first attempt. ;-)
But so far I've just used what the other offer was to haggle...I think they'd have trouble moving the demo so may try for $300 a month or the equivalent at 12,000 and see what they say. thanks again. will post final numbers.
The dealer did mention that the Smart Lease costs them $700.
Great forum! Wish I had spent more time here before closing my deal today! Having some remorse but I suppose I have no recourse. Here's what I signed today:
2013 Silver Base
Safety 1
Safety 2
Comfort
36 mo/12k
Zero down
First month no payment
$327/month incl tax (8%)
Ally Bank (no disposition fees)
How bad should I feel?
My experience from cruising this forum was that a super deal was $300/mo, 15K miles, zero down on a base car. I managed to squeeze a bit more by getting leather for that price, but I also had conquest cash and Labor Day cash in the deal.
In your case, you have $275 + $575 + $595 in options above a base, for a total of $1,445 — that equates to another $40.14/mo in options. Granted, you have a 12K lease, but your payment is also less than the options alone would indicate.
So, I wouldn't feel bad if I were you, especially if you got the car you wanted.
Do you get any additional residual for the $1,445 in options added?
Glad that you feel that you received an excellent deal on the vehicle you leased! If you have any questions or concerns, feel free to reach out to us. We'll be more than happy to help you!!
Marlea Wilson
GM Customer Service
I am new to leasing and am interested in leasing a 2014 for 36 months. Can any one please share their latest information on prices paid and with options.
I am looking at the base model with just Navigation.
Thanks in advance
I have never leased a car before, but looking around several sites (and this one), I am getting it... I think.. one thing that concerns me is when I actually give the car back at the lease end... how many issues do I need to be aware of at that time? I suppose I am talking about normal wear and tear on the car--I am very gentle on my cars..but can't speak for other people driving and scraping alongside!!
Thanks all
Ray
Miami
Please correct me if I'm wrong, but a lot of people are talking about this $7,500 tax credit... I know if you BUY a car, this tax credit only applies to your own personal income taxes..If you earn over, say, $40K a year you might get a little piece of that back...but earn any less...forget any credit whatsoever..
But how does the 'credit' affect a lease/
Any info?
Thanks a lot
Rya
Miami
That's how you can lease a $40K car for $300/mo.. ;-)
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I'm looking for the 3 year residual value on a 2013 volt, standard. I'm working on getting a good lease deal and I've already gotten great advice from this site. Thanks.
I'm in California.
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So is the .85% MF actually .0085 when calculating? I've seen folks on this site with better MF numbers of .001 and .0008. Any suggestions here?
Lastly, can I take the 7500 federal rebate off of the retail price and then work a deal from there? I mean, they are getting that rebate, so I should be able to benefit from the entire amount, I would imagine?
Does this sound like a normal way to do this? Is it a good deal? I know here is some room between invoice and the msrp to negotiate a little more. I am only looking for prem pkg and bose.
If they run the lease through a different bank, they may account for the tax credit in a different way..
Ally uses percentages... 0.85% does NOT equal .0085... It's equivalent to .00035 MF (which is very low)
ALLY uses a $7250 CCR credit, in lieu of the $7500 federal tax credit (they get the credit as owner of the vehicle). So, start your deal at $7250 less than MSRP and work down from there. (so, you almost benefit from the entire amount).
Don't lose sight of the most important thing... your total cash outlay for upfront and monthly payments...
regards,
kyfdx
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There is a dealer ad in my local paper today for $249/mo. for 36mo/10K/yr, with zero down... on a base 2013 model.. I'm sure you would end up with about $1000 upfront and then sales tax of around $20/mo. on top of that, but that's a long way from $400/mo... (this is in Ohio)
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It was through Ally and I got a 55% residual. Money factor was the .85% (.00035) with my top credit.
For reference it was $332 a month 0 down with tax. MSRP 44605.
To be fair, it should have been a little higher. Dealer made a mistake and used 56% residual on the lease when I signed. They ate the mistake for me when Ally notified them which they didn't have to do.
You should take the MSRP. Subtract out the negotiated price you work out with the dealer. Then subtract any GM incentives from that price which you can find here on Edmunds. Add in your dealer and state fees for your cap cost. If you are offering a trade and/or putting any money down, subtract it from that final price.
The tax credit is being added to the residual which is why people are getting mid to high 50s depending on when they leased and the terms.
I got my Chevy Volt Lease on Aug 30. The dealer did not offer me Smart Lease protection plan at the time of signing the paperwork. Is it possible to buy the Smart Lease protection plan now? I would be interested in knowing what kind of price others have paid for this protection? My lease is thru US Bank and I don't see any information on their website about this plan.
Thanks,
You should have the dealer you want to work with run it through both Ally and US Bank and see who offers the better terms.
Is this a fair price in Bay area, CA?
Thanks
Seems a bit high.
I am new to leasing and hence I primarily have focused on the monthly payments for a 3 year lease and 12k miles minimum.
Based on the articles that I have been reading in this excellent forum, anywhere around 320$ seems to be the price for a base 2014? Any thoughts?
MRSP: 44545
$331/mo (tax incl), $0 down, 36mo, 12k
Curious how that deal rates compared to other current offers. Please grade this deal.
My Deal:
$222/mo w/tax, $0 down, 12k, 36 mo. 2013 Volt Dealer Demo, had 2100 miles on the vehicle. White with black leather, nav, all the toys. Cincinnati, OH.
Which dealer in Cincinnati?
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Thanks
2013 Volt Cyber Grey Base
15K miles/year
39 months
$310/month including tax
$0 down except 1st month + TTL fees
Also, when the issue of the tax credit came up, did the dealer offer it or was it the leasing company that took that amount off. I'm trying to head off any issues when I go into the dealers to look for one this weekend.
The discounts weren't all disclosed to my disappointment. You get $7250 for the federal tax credit (instead of $7500).
If it didn't make a lot more short term financial sense to lease on a monthly basis I may have elected to buy. Think about it: a 2013 Volt has 5K plus 7500 rebate, add dealer markdown (or ask them for GM supplier discount - they don't check anyway), you end up with $14K at least of markdowns from the base price.
2013 Base Chevy Volt
MSRP: $39,995
Selling Price (after discounts): $32,895
Tax, Tag, Fees: $3551 (includes $699 dealer service fee and $400 tag)
36 Month lease, 12,000Miles/yr
Cash Due: $2000
Payments: $319/month
This seems rather high to me for a base 2013. Any thoughts?
Thanks,
Charlie
Here's my deal (Ally Bank)
Base 2013 Volt w/leather steering & heated seats
39 months
15K miles per year
$310/month (tax included)
$0 down except TTL & first month (~$980 in my case)
Don't get screwed.