An upfront one-pay lease reduces the Money Factor (interest rate) to practically nothing (.0001) on these Bolt deals. In this case, it saves at least $1k versus a monthly lease.
The trade-off, of course, is that you need to spend the cash upfront. But in an era when savings account rates are losing money against inflation, it’s arguably a much better use of cash than leaving it in bank!
I just checked with couple dealers in TX.They try to know that did the lease go with GM Financial or other companies. They cannot find MF 0.0001 In the system. May be they “lie” to me. Any suggestions? Thanks
The money factor is 00051 (LT) or 00053 (Premier). Electing to do a One Pay reduces it to 00001 through GM Financial. GMF provides a 00073 reduction to customers who do a One Pay, but it cannot be negative or zero.
If you are referring to a One Pay, that’s not true at all. You receive a prorated portion of the money back in the event of a total loss when you do a One Pay through GM Financial.
Also, at a 17% return, I would take my chances with a one pay, especially if I never totaled a car in my 25 year of driving. I could even be struck by lightning tomorrow.