Was there for a test drive and got a quote, but asked for the deal sheet over email when we got home. Here’s what we got:
After this I complained about the discount being just 1% and didn’t get a new sheet, but he basically shaved off another $10 to $273. What am I missing? I’ve seen better deals on this forum…
Take a deal you see here on this forum and show the dealer it. Say your friend got this lease blah blah at another dealer. Can you match it
Update to this - went to another dealer who offered a car with more options ($37k MSRP) for the same monthly $272 and with delivery charges included it ended up just shy of $300 for 36m/10k. Going up there now to learn more because the residual was higher than compared to the base LT but can’t figure out why… The MF was up from 0.0006 to 0.000829 - that’s $10 a month so there might be some additional room.
Seems to hit the 1% rule so might take them up on that offer.
I’m new to the site so forgive me if I’m posting this incorrectly.
I’m interested in leasing a 2017 mid level Volt LT in southern california. The MSPR is around $36k. The sales rep called me back and provided me with a quote: zero down, zero deposit, $304/month, & 10K/miles. I then asked him what the residual was. He informed me it would not make any sense for me to purchase the vehicle at the end of the lease for I will be upside down. He explained the $7500 I would be initially getting at the beginning of the lease would be added to the residual if I chose to purchase at lease end causing me to be upside on the vehicle.
Can anyone shed some light? Or provide and any advise? I’m knew to leasing a vehicle and have read most of the articles on this site. thanks.
Sales rep is clueless.
On a lease, GM Financial gets the $7,500 credit since they own the vehicle. They are passing some of the credit to you in the form of lease cash. If the RV is 50%, the buyout at the end of the lease will be $18k on a $36k MSRP. This amount is set in stone by GM Financial.
Has any Volt owner purchased their lease? If so, can you please let me know the outcome? I’ve been told by a sales rep and the Chevy finance person at the dealership i leased my vehicle from that it was a bad idea to purchase the vehicle at the end of the lease. He and the sales rep stated the fed tax rebate and other incentives will be added to the residual of the vehicle which would put the vehicle upside down.
I had posted this same question earlier in this thread, which was answered by Adamcar. Thank you by the way. I felt comfortable with the reply until the finance person re-iterated what the sale’s rep (from another dealership) had told me.
Old thread, I know. I’m curious about the tax credit being part of the residual as well. I heard the same line from my buyer, but I know the buyer has a vested interest in me completing the lease and/or switching to a different car from their lot. The buyout is quite reasonable but I don’t want to get dinged for some huge final settlement fee.