Yeah, I’d be willing to work something out that’s fair with the right buyer, but those $5–6K one-pay deals weren’t achievable in VA at $0 down. I tried with multiple dealers in the DMV and they just didn’t exist here. This is the RS trim, not an LT, and the $490/mo already has tax and fees rolled in. Before rolling those in, my numbers were closer to what you mentioned, but structuring it that way didn’t make sense at the time. Appreciate the feedback, just don’t want to mislead anyone into thinking those unicorn one-pays were available for this trim in VA.
Just a quick suggestion. I’d advertise it as “pre-tax”, even though anyone who picks this up will have to be in VA. ~$365/mo just sounds better. Or maybe you up the incentive to make it $350+tax. which is a little closer to the one-pay deals for 24/10. Most people around here know the GMF limitations of in-state transfers only.
Update: Currently in transfer process with a potential buyer, but things have gotten a bit uncertain and they may not pass the credit check. Bumping this post for visibility in case it falls through. I should know by Tuesday, 10/28 — serious inquiries welcome in the meantime.
A good ballpark is to see if that person has better credit and is at least as qualified as you are for the lease. Lease transfers (assumptions) can have stricter requirements than new leases.
Forgive my ignorance, I’m new to all this… how do I interpret ‘monthly payment’ vs ‘effective with incentive’? I’m in NoVA, interested, credit score 800+.
Monthly payment is the real lease payment GM Financial charges every month. That number stays the same on the contract.
Effective with incentive is what the payment will be if you use the money im giving up front to offset part of those monthly payments so you come to $323 a month.
Make sense but once your in the excellent tier, whether you are 740 or 830, it shouldnt have to match. Maybe there is other factors like Debt to income or something in their history. We have been through 4 people already, all who had more than 680 and all denied. No one at GM seems to have the details either on what they are looking for. Hoping for a great buyer on the next one. Its roughly a $2800 lease for 8 months. I think that its a great deal for anyone that needs a temp solution.
All a 680 says is someone can breathe through their nose.
Also, not sure which model GMF uses, but auto-enhanced FICOs go up to 900, not 850 like other common scores. On a scale that goes to 900, my first sentence may be a charitable assessment.
