Chevy Bolt 2LT Lease Deal Review

Ask the Hackrs
1

Thank you to everyone giving this a look.

From Edmonds: MF is .00028 and 64% in 91504, 10k/36mo.
MSRP: $36,240
Sales Price: $35,535 ($500 cashback)
Incentives: $3k (CA Clean Fuel + Chevy Loyalty, both $1500).

Looking at $360/month, zero down, zero drive off. They had originally quoted me closer to $466-$480/month.

Is there any meat left on the bone here, or is this about as good as I’m gonna get? Something to factor in is they will be honoring the Level 2 charger installation, AND CA has the Clean Vehicle Rebate Program valued at $2k, so I’m looking at an effective lease of $300/month.

2

Is there actually current funding for that? I thought it was on hold until they decided if they wanted to fund it any more.

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Funding has been secured, however there is a waitlist.

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Hey folks, going into the dealer today to continue some negotiations. Sorry for the self-reply, just trying to make sure the deal is solid.

5

Have you compared to these: 💥 Southern California Cadillac Buick GMC Lease Blowouts! - #92 by elopez

or these

6

I hadn’t, but comparing his one pay for a similar bolt EV, he’s at ~$10,750 (+$750 not being in the Bay Area), so about $11,500 altogether. My lease is looking like $~13,000 but thats with financing. So it seems like I’m close, but maybe can pull a lil more meat off the bone?

I do plan on trying to bring them down just a lil bit more with a potential educator discount and also because they’ve yet to hit my target number, but I was hoping some in person negotiating would help a little more.

7

The main thing there is that you have multiple data points of “good” deals to extract a target pre-incentive discount from. Things like supplier/educator discount are irrelevant to that, as that’ll either work or not no matter where you go.

Extract the pre-incentive discount adjusted for any mark ups and compare your numbers. That’s the best way to judge the quality of the deal you have in front of you.

8

I appreciate that! Is it possible to get a lease financed at about the same price as a one-time drive off fee? My understanding is no, but I’m unsure.

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It’s certainly possible to get a lease for the same pre-incentive discount. The one pay option will have a mf discount associated with the lease program resulting in a lower net lease cost, but the factors feeding into the lease shouldn’t differ.

10

You can definitely do a One Pay lease but the benefits are not that great currently. The money factor is already very low on these right now so while you will save a bit that way it’s not a dramatic difference. Any GM dealer should be able to do that for you, including the California dealers here that are already offering better pricing.

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FWIW I have 12 EV’s and 65 EUV in stock ready to go and pricing is the same on anything in my stock, no wait time. =)

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It’s on hold until new funding. Wouldn’t guarantee it either

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