2018 Chevy Malibu LT | Good Deal or Nah?

Ask the Hackrs
1

Car: 2018 Chevy Malibu LT (Black exterior / Black interior)
MSRP: $26,095 (Stock LT trim)
36 months/10,000 miles, $0 down, 9.5% tax included: $225/month
36 months/10,000 miles, $2k down, 9.5% tax included: $165/month
36 months/10,000 miles, one-time pay, 9.5% tax included: $6,800

I don’t have the MF or any other information yet. Based off the current numbers, is this a good deal? It does fall under the 1% rule, ((6800/36)/26095)*100 = 0.72%.

Lastly, is it the best time to get a Chevy right now since the Asian Conquest rebate is active? Is that GM’s best rebate for gas cars?

Thank you guys!

EDIT #1:

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2

Good Question:sunglasses:

3

24 months may be cheaper than 36

4

Obviously, 24 months one-time pay would be cheaper than 36 months one-time pay, but how do you determine which is better? I heard that most leases are best/optimal between 36/39 months. Is this true? Not sure how the math works. lol

5

Divide each one pay by the number of months and see which is cheapest per month outright.

The Malibu money factor for 24mo is 0.00064 and 0.00086 for 36 mo, Make sure they are not marking it up.
Residual for 24/10 is 63 and 36/10 is 57

6

Also check to see if taking the acquisition fee waiver in form of a 0.00075 money factor bump results in a lower payment. It just might if there are enough incentives on board.

7

GM frequently does best at 24 months because of incentives. The more in incentives or discount the better 24 months is (typically)

8

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Ah, I see. I’ll have to inquire about 24 months then to see if it’s cheaper. The MF isn’t marked up, so that’s good. Based off the screenshot, is the deal good? Or could I do better?

9

Looks pretty good. 11% off MSRP before incentives is probably about right on.

I ran the #s in my calc - I get a 223.37 for 36 mo. But that is usually Illinois doc fee and plates so assuming its just slightly more where you’re at.
24mo would be 239.11 so looks like the 36 works out nicer for this deal.
Doing the acquisition fee waiver and MF bump on the 36 takes me to 232 so it is NOT worthwhile in this case.