Hi guys. Lurked before but now I have a question. In 2017 i leased a 2017 chevy volt LT (MSRP ~33000) and I managed to snag a 1300$ down 240$ a month deal on the LT with comfort package.
Today I went to get a quote for a 2019 chevy volt premier (MSRP 40475) and they quoted me a 1488$ down $513 a month (!!!). The sales guy said it’s because GM is discontinuing the volt and there’s high demand for it. When I inquired about why there was no portion of the 7500$ federal tax credit taken off the selling price he GM is taking most of it and not passing much on to the consumer. My question is: is this BS and should I keep shopping or is this a universal thing in which case I should buy a 2nd hand off lease 2017 volt?
Thanks.
This isn’t BS at all. GM has reduced rebates on the Volt a lot (which is the tax credit passed onto consumers).
Why not just purchase your Volt off-lease?
1 Like
I will most likely do that. I found a very well equipped 2017 volt premier around me for a very reasonable price. Waiting to sell my current car to carvana (gotta wait for tomorrow to get my payoff papers). If the car is still there by the time i’m free and clear of my car, i’ll take it as a sign to get the off-lease volt.
Thanks for the reply!
Chevy is giving $4,350 in rebates and $500 more for a lease so $4,850. But your paying for less then half of the car. So you can pay 100% and get $7,500 or less then 50% and get $4,850. Good value either way, but that’s from GM. dealers sales price is based on supply and demand.
Dealers don’t make much on these cars and the old deal you got was horrible for dealers and Chevy. It’s not that it is expensive now, it’s that it was super cheap before.
Depending on your area you might be able to get some discounts, I have them discounted heavily but i’m in the bay area, it’s not the same situation everywhere.
1 Like
what is the catch here. why should I pay 6995
*2019 CHEVROLET VOLT HATCHBACK LT LEASE FOR 36 @ $89 PER MONTH LEASE SPECIAL $34,570 MSRP AND DEALER DISCOUNT OF $3,295. $6,995 DUE FROM CUSTOMER AND REBATES OF: $990 GM SUPPLIER PRICING (GSP), $1,800 GM FINANCIAL REBATE (XAA) $2,500 REBATE (JWJ), $500 LEASE CASH (LWO), MUST BE IN A CURRENT ’99 OR NEWER NON-GM VEHICLE LEASE, OR ’12 OR NEW CURRENT GM LEASE. PRICES DO NOT INCLUDE ACQUISITION FEE, GOV. TAX, TITLE AND LICENSE FEES. ZERO SECURITY DEPOSIT. ON APPROVED CREDIT THROUGH GM FINANCIAL. 10,000 MILES PER YEAR .25 CENTS PER MILE EXTRA.
Thank you for the response. I find a acura lease deal for base model for 29000 and 3500 at sign off and 300 every month. They say after 3 months I can buy the car and I may loose 3500 and 3 months payment ( Interest portion). Is it normal in buying this car in 3 months.
Please help me understand
what is money factor /rate : ? In this deal it is 0.00084% Is it good?
that 6,995 plus drive off costs, so $9k. but thats just a random number they picked to get the payment to show as $89. so people look at it and say wow you can get a volt for $89 per month. but you can get any car for $89/mo with enough down lol. You can do the same discounts with way less down and higher payment if you want, you don’t have to take it as suggested.
