Chevy Bolt EV Lemon Repurchase & Equinox EV RS AWD Lease Deal Advice

Ask the Hackrs Buy/Finance
1

Hey Leasehackr community,

I could really use some advice on a deal I’m currently looking into for a new lease. My 2020 Chevrolet Bolt EV is being repurchased by Chevy under the California Lemon Law. I chatted with one of the local Chevy delaers they offered a one-pay lease deal for a 2024 Chevrolet Equinox EV RS AWD.

Here are the details of the deal:

  • One-pay lease (24 months) for $7,436.93
  • 10,000 miles/year
  • The Equinox EV RS AWD trim

I was under the impression I would get a better deal, considering my situation:

  1. $3,000 Bolt rebate from the original purchase of my Bolt.
  2. The $1500 OLC (Owner Loyalty Certificate) that Chevy is offering as part of the repurchase process.
  3. $500 GM car rebate.
  4. $500 teacher rebate (I qualify for this).

Despite these rebates and incentives, I feel like the one-pay lease amount is still higher than expected. I’m not sure if they’ve factored in everything or if I’m missing something in negotiating this.

I’ve attached the dealer’s offer for reference (screenshot). Any insights or suggestions on how I can leverage these rebates more effectively, or if this is a good deal given the circumstances, would be greatly appreciated! I also wasn’t sure of how to think of the timing for these 2 events - returning the car and buying the new one since I will only have the $1500 OLC in hand when I return the car so not sure I can buy before I sell. But in that case, I won’t have the Bolt in my name and so won’t qualify for the 3K Bolt rebate. Is it an either or situation?

Thanks in advance!

offer
offer3024×4032 2.36 MB

2

You should be able to still use the $3K with the registration in the household-should qualify
Why didn’t you go the Collateral Swap route???

3

I didn’t know about the collateral swap option till now so I hadn’t pursued it. I have signed the offer letter so don’t think that option is open at this point for me (and Chevy gave a pretty good deal I felt at ~23K for the 2020 Bolt with 33K miles on it)

4

You need a bigger discount.

1 Like
5

Typically just need to show your reg or insurance card—no one goes out to check the physical presence of a car in your garage.

2 Likes
6

Can you elaborate a bit? Do you mean I should ask the dealer to discount the sales price more aggressively?

7

You don’t “ask” and there isn’t such a thing as “the dealer” indicating just one dealer.

Know your target (ask here if you don’t), make offers, and make them remotely to as many as needed to hit your target.

8

I’d suggest just getting a Broker at this point, or see if SoCal has a better deal @RPChevyDealer may have some

9

Thank you folks for the tips and guidance! You all rock!

Will look into the broker idea…have never used one so not sure how to even look up and get started but I’ll start looking into that.

10

I have one last RS 2024 AWD with a super cruise
black on Black

If you need numbers on it just text me

714-676-6609

1 Like