So I just worked out a deal for a 2020 Premier. We went back and forth for a while and final outcome:
MSRP $44,240
Sell Price 31,858
Monthly - 299/month
Term 36/15
DAS - 1500
MF. 00050
Residual Cost - 22,120
Lease Incentive - 12,382 (7750 Lease cash, 500 Non-GM Lease , 4132 dealer discount)
1st month is included.
Any comments?
What about the lease cash/incentives? MF?
Are you sure it’s a 2020? Do they have it on the lot? The store you mentioned is not listing 2020s at either location. You need to verify incentives, money factor, fees, etc. The selling price seems good given the circumstances with inventory right now. I went at them pretty hard on their remaining 2019 Premiers and they wouldn’t budge the amount I needed.
just updated it in previous.
Hey Electric - just left the dealership around 11am.
Yes took picture of the sticker. I was trying to get them down to 229/month with only 1k DAS, but this was lowest they were willing to go.
Do you have Supplier, anything like that? What I remembered/realized doing my deal is that will cap the Doc fee at 75. I think these guys charge around 500 if I remember correctly.
I’m pretty sure your residual is wrong for 15k miles. 10k is 53%. I’d verify with Edmunds and the dealer, but 15k is probably 50% Residual.
I asked many times regarding amount out the door, and the salesman confirmed 1500. they might change it when I come back.
Knowing your the resident pro (saw your other post) you’ll probably right. i’ll ask for a breakdown for everything. They seemed hesitant to give me anything in paper.
If you qualify for supplier/college/educator/first Responder I’d say 318 a month with zero drive off is as good as you’ll get at 15k per year. Or 298 with just first month and fees, which should be about 724 total on a supplier deal. Make them give you a detailed lease sheet.
Thank you for the help. Will do.
They came back with detailed amounts, no supplier/college/educator discount. Total incentive is 12,382 (I updated the first post with everything).
I think you mean dealer discount for the ~$4k ish. That’s probably the best you’ll get this month. Still not bad, especially considering the 15k/yr, then just collect your $5k rebate
Thanks Joe - appreciate the response. Yeah I’m banking on 5k rebate.
That’s a legit dealer discount for the current environment. Supplier might get you another point or two, but without it that’s pretty good. Find out the Doc fee and the other fees being charged.
I’m a NJ resident with a leased 2017 Bolt coming off lease soon. It looks like you got a good lease deal. First who is the NJ dealer. Second regarding a $5000 NJ rebate which I believe refers to the bills S2252 (NJ Senate) and A4819 (NJ Assembly), my understanding is that although the legislation has passed both legislative bodies, it is awaiting appropriations of the public funds necessary to fund the $5000 rebate (see https://njbiz.com/lawmakers-drive-ahead-bill-expanding-nj-electric-vehicle-access/). As such I believe that you may not be eligible for the rebate until that time when the legislature appropriates the funds necessary to provide the $5000 rebate. Also, although appropriations should be coming soon, one of the reasons I am hesitating to shop a new lease is for the funding of this legislation.
If this is indeed the case and you are on the fence now might be a good time to make a decision. You’ve got an extra $1500 in incentives right now for having a Volt or Bolt lease in the household. No way of telling whether that will still be the case after 3/2 when these incentives expire.
Thank you and excellent information
