Ive begun the negotiation to exit my terrible Silverado lease and get into a volt. I have about 9 payments left @ 513/mo. The dealer in question sent me some numbers after asking and asking.
savings: 3488 (im guessing this is dealer discount)
which leaves: 23907
MF: .00069 (he said around this number so im waiting for a hard answer)
39/mo 12k is 356.46 (burying the almost 5k from the silverado) with only first payment out of pocket)
The kicker here is the vehicle has 2000 miles on it. He said this doesn’t affect my mileage, but i feel like with the g.m. retiree program in place, they should probably do better considering the mileage. Im thinking about asking for a straight 15% off msrp before rebates and a 3g month term
Trying to use your numbers… I get a monthly payment of $304 without the $5,000 rolled in. With it rolled in, I get about $440. I ma using a rv of .48 for 39 months and a mf of .00062 (base rate). Are you sure your dealer is doing anything with our truck lease? If that really is after adding $4,617 of Silverado lease payments, I would take that payment and run!
Edit: Unless you actually having some positive equity in your truck.
upon speaking with him, he mentioned they were doing something with the remaining payments to help me out. which honestly i dont really believe him. but if the payment is what he said, its right where i wanted to be. might even have some leverage to sell early.
@adamcar or anyone else. I am about to make an appointment to go in and sign and take delivery. I found two pages in the gm financial handbook that i think applies here and was wondering if anyone could shed some light.
The vehicle has 2000 miles on it and he quoted me a mf of .00069. I was wondering how the mileage should affect the lease from a payment standpoint. also i know the mf should be .00062 as per the gm financial book. We have A+ credit. The below images might as well be in german to me
Where’s the acq fee? Isn’t it something like $595?
Also: The trade payoff is <<<< less than the sum of the remaining payments. That means you have less negative equity than you think. If you can work on that, bring it down further. See what it’s worth from KBB, Edmunds and Carmax. What’s your payoff?
I don’t think the mileage (2,000 on odo now) affects the payment AFAIK. The second page is saying your 2,000 miles will be added to the 39,000 you are leasing, so the odo can read 41,000 at the end w/o incurring any mileage penalties. That’s my understanding anyway.
test drive went well, love that car. however for 2k miles that car has some use on it. the interior was a mess and the charger looks like it was dragged a few miles on the pavement. sales guy wasnt in today but told me he would try to get the same deal on a different car. in the meantime, i had to make a payment on my current lease.