Deal Check - 2024 GMC Sierra EV Denali - CO - 24M, 10K mileage

Ask the Hackrs Buy/Finance
1

Hey Team - long time lurker, first time looking to lease. Can someone give me feedback on my deal?

2024 Sierra Denali EV - New, not loaner/demo

MSRP: $99,495

Selling Price (this part is confusing): $91,995

SecureEtch $299

Proc/Doc $695

Lien Fee $40

Title $7.20

License Fee: $2.35

Electronic Filing fee: $33

Total Govt Fee: $82.55

Acq Fee: $595

Gross Cap Cost $93,666.55

Residual Value $70,641.45

Total Due at signing $30,133.44

Then the dealer told me the actual amount I will need at signing is $14,210.05 (one time pay)

I asked the difference between the $30,133.44 and $14,210.05 and he told me it was the rebates from the manufacture. $30,133.44-$14,210.05 = $15,923.39 rebates. I am guessing that makes my sales price more like $91,995 - $15,923.39 = $76,071

This includes $1,000 Costco and $500 first responder and $250 non-GM incentive.

$14,210.05 for 24 months 1,000 miles a good deal? Should I extend to 36 months? Thanks in advance!

I filled out the calculator the best I could:

2

Assuming this is the one at Faricy Boys, it was a shitshow when I tried to help a friend lease it. Expect all sorts of games and an overall frustrating experience. I leased mine out of state back in March and I would advise you to do the same, because of the $12k state incentive, Colorado dealers are not looking to make a deal.

3

Yes, that is it. So far its seem pretty straight forward. Thoughts on the deal? Any other recommendations what to watch out for?

4

They are using the $12k state incentive to get the $30k down to $14k. Have you looked into potentially finding an EV Supplier code for $2k more in GM incentives?

Your dealer discount is not even 7% once you add back the etch and dealer handling fee plus hard to tell if they are marking up the money factor or not. For a 2024 unit that has been sitting for probably 18 months or so on their lot, this is not a good deal.

That being said, you are getting the convenience of having the $12k state credit applied as a point of sale rebate and your local DMV registration should be easy. I had a difficult time registering my Sierra EV leased from out of state because of the way GM finance designates lienholder vs lessor entities within GM Finance.

1 Like