Looking for feedback on this lease deal for a 2025 Chevrolet Equinox EV AWD (Convenience Two Package): I have excellent credit.
Deal Details:
MSRP: $49,990
Sale Price: $46,790 (before discounts)
Discounts: $2,500 (supplier + conquest)
Residual: $36,000 (72% of MSRP)
Term: 39 months /10k miles
Monthly Payment: $299.77
Money Factor: .0023
Down Payment: $4,500
Fees: $379 Doc Fee, $281.25 upfront charges
MOR-EV Rebate: $3,500 (post-lease)
Key Info:
Dealer is applying the $7,500 federal EV tax credit by inflating the residual value instead of reducing the cap cost. I can recoup the 3.5k rebate through Massachusetts after I sign.
Questions:
1.Is this a competitive deal for the 2025 Equinox EV AWD?
2.Should I push for the tax credit to reduce the cap cost?
3.Any suggestions to optimize this lease (e.g., fees, down payment)?
Thanks!
