Guys, I have no idea if I got a good deal or not. Got sucked into the dealership with an advertised $169/mo Volt lease. But mine…ended up looking very different.
For one thing, they did the big push to get me into the one they had on the lot, not the one I asked for. So it’s an LT with $3500 worth of options on it—some worthwhile (upgraded paint color, comfort package, driver confidence package, Bose system, leather seats) and some not (all weather mats, blacked out bowties, cargo net). So that puts the MSRP at $37,620. In other words, they basically took an LT and optioned it into a Premier.
Mileage is 12k/year and 25c/mi for overage.
So using my trade-in worth $2250 net as the down payment, all fees and 8% tax included, I ended up at $0 drive off and 35 payments of $300 each.
Honestly I can’t tell if this was a good deal or not. The paperwork suggests that they discounted the car by $3681 and applied $6750 worth of incentives, which sounds great, but also seems like a total of over ten grand off should have gotten me to a lower number.
No matter what I do, I can’t get the calculator on here to work with my numbers—unless I lower the discount amount to $5050 it doesn’t match up with my paperwork. I’d say maybe the dealer marked up the money factor but they told me it was 1.9%, which is actually lower than the 2.4% the calculator says is right for a Volt…but I can’t actually verify that anywhere on the paperwork. .
I see people posting truly insane Volt lease deals on here all the time, so I just don’t know. I mean I like the car a lot, but it seems to me that a couple grand net down and 300 a month would have been enough to get me into a Mitsubishi Outlander PHEV (essentially a Volt SUV) or a Honda Clarity PHEV (essentially a Buick Volt), both of which are More Car; or maybe, in an alternate universe where Bolt deals hadn’t suddenly gotten so terrible, into the Bolt I would have preferred.
Can someone help me understand if I got out OK or got totally hosed, and if so, where exactly?
