Yeah, for the Blazer EV, GM is not passing the $7,500 as a taxable rebate. Rather, they are using it to prop up the residual to reduce the amount of depreciation paid over the life of the lease.
This approach removes the incentive for people to do a lease then buy out the lease to capture the $7,500. The only way a Blazer EV lessee can get the $7,500 is to ride out the lease.
Being said, I think Z0lt3c’s 89.5% residual seems wrong on his calculator link.
Here’s the math to compare a residual subvention vs the normal $7,500 as a customer rebate. Conveniently put in a college textbook format by our guy Delta737h
The residual is based on applying the $7500 to the standard program. This is what my local dealer advised me, but they could certainly be wrong. They have 16 of these on the lot. Even if you hold the residual at 75%, finding one with the 3250 CCR and 2500 enhanced loyalty (for Bolt owners) still gets you around a $5K 24mo one pay.
This is what my dealer sent w/r/t enhancement for Bolt owners.
Incentive ID: 24-40CAB-1
Expiration: 2024-06-03
Amount: $2,500
Disclaimer: Must be a current owner or lessees of a 2017 model year or newer Chevy Bolt EV or Bolt EUV vehicle for at least 30 days prior to the new vehicle sale. Must finance or lease a new GM vehicle through GM Financial. Not available with some other offers. Must take new retail delivery by 06/03/2024.
With so many rebates, it’s hard to say for sure what a full stack can look like.
What I have confirmed for NY/NJ region-
$3250 bonus cash - market specific. -and-
$1K costco - all markets, all vins -and-
$1K supplier or friends of supplier -and-
$1k loyalty or conquest - all markets, all vins -or-
$2500 Bolt loyalty - must own 30 day prior to sale. -plus-
GM rewards points -plus-
one-pay MF reduction
Standard program residual already includes $7500 enhancement for May.
For other regions
$4K Conquest, market specific, but this replaces the $3250 rebate.
The Bolt Loyalty rebate can be up to $3K.
7500 included in residual
3k is for 2017 or newer Bolt in household
Every zip code has a different incentive grid. I posted the Houston market 2LT grid in the marketplace thread. The Lyriq grid is even more stratified! You can pm me with the “question “ answered in the MP thread- and I can quote you or tell you the ccr you qualify for.
Obv I’d love everyone’s business!
In my current role I’m the salesperson, sales manager and finance guy- so there’s really not an easier way to buy a car!
Supplier employees can gift their yearly authorizations. They’d need to do it from their GM rewards accounts- and make sure to put your birthdate and zip code on the authorization beneficiary’s page
Ratefinder is either not representing the rebate usage correctly, missing rebates, or both. You can see in the desking sheet shared above the stackable rebate total was $9250 (Bolt owner). At minimum, it seems Supplier + Loyalty/Conquest should be stackable, which is not permitted by calculator.
Just checked with local Chevy Dealer in Maine: Neither Cash Bonus nor $4k conquest apply here.
So you get:
$1k loyalty (or $2500 Bolt)
$1k supplier
$1k Costco
