Chasing for after Bolt deal
agreed the numbers with NY dealer. Not sure if GM card $500 rebate is part of the deal on the lease contract or it is applied later on on the credit card statement. Please someone can help me on this? TAI
2024 Chevrolet Equinox EV 2LT
Stock #
Msrp $43745
Selling price $41759
Terms - 24 months . 12k miles a year
Incentives:
$3000 – Chevy Bolt lease in house
$1000 - Nissan Ariya active lease in house
$500 – healthcare worker
$500 - GM credit card sign up - must apply at the dealer - must spend $1k at the time of lease/purchase
Residual Value 76%
MF: 0.0006
Bank fee $0 ( waived)
Dealer fee/doc fee $175
DMV : $250.
NY 8.625% sales tax
Zip code for sales tax 11554
$210/m
$1000 due at signing (using GM Credit card)
All fees, DMV and taxes included.
The $500 is a rebate on the lease contract. You have to apply for the card using the invitation link that the dealership provides and spend $1,000 at the dealership on the virtual card that’s issued immediately.
You can use it towards the one pay. Depending on the dealer they may not allow you to put the full one pay on the card, but you can put $1,000 of the one pay to qualify for the $500. The $500 is applied as a rebate on the lease, not a statement credit.
Also note that you can just pay the entire one pay lease using the card even if they have fees since you can redeem the GM points on the lease payment. My dealer charged 3%, but GM card pays back 7%, so another 4% off.
Is it worth opening a credit card for 500 that maybe your never gonna use. But besides impacting your credit score. I just feel like its a few dollars a month vs your credit score for having another card imo
If your credit history is so short and your credit file is so thin that one new card causes your scores to crater, you aren’t managing your credit properly.
Yes, but regardless of the their status when open a credit card or applying a loan. Your borrowing a line of credit against yourself. Like i said imo doesnt make sense for $500 to have something on my credit report thats gonna linger around for 5-10yrs.
Why not? Unless it is going to knock you down to a lower credit tier, go for as many as you need. If your credit rating is already above 800, opening another credit card is not going to impact you score significantly.