I’m working with a dealer on a '24 Chevy Equinox EV RS.
I know the money factor is 0.00116 but they don’t have it on their quote. I’m also curious if they’re thinking I’m going to roll my dealer and gov’t fees into the payment. Not crystal clear.
The dealer’s numbers are off from the calculator by about $19 per month. That’s about $513 over the life of the lease. Recognizing I’m new, I just want to say that I did read the post that the calculator is not dead accurate so I wonder if this is within the margin of error.
For what it’s worth, the rebates are Current Bolt EV owner ($3000) and Costco ($1000).
Am I overlooking (or overthinking) anything? Thanks in advance!
Sorry if I don’t understand the specifics of your question or I respond with vague generalities. My target was as low as I could go (obviously) and to get into a larger EV. This satisfies the larger EV requirement. As far as the lowest payment, the Leasehackr calculator says $330/month with no money down which I’m satisfied with. The dealer is quoting $348/month with no money down. I’m not dissatisfied with that but I’m curious if I’m not accounting for the $18/month somewhere or if it’s within the margin of error. Again, apologies if I’m not being direct.
The calculator doesn’t say anything. It just spits out an output to mathematical inputs. The biggest variable in those inputs is the discount. How does your discount compare to Signed Deals & Tips + Marketplace deals?
I’ve never been great w/ the calculator, but maybe specifically clarify w/ the dealership w/ the due at signing is? A 5% diff seems… something worth looking into.
I talked to the dealer. They rolled everything up with zero drive off. I suspected that they were doing something like that. Once confirmed, I put the numbers into the calculator and the output was nearly identical to what their paperwork showed. All good!
Is there a reason for the 27 month term versus 24? Have you sought out other offers on your trade to see if you can get more for it on your own? Have you compared a Blazer EV deal? I feel like you can get more car for the money with the Blazer (roomier, etc), unless you have to have Super Cruise.
The mistake is in your favor, so don’t fight it. I hit your payment by zero’ing out the negative equity and moving the incentive to untaxed. (You said calc is less but it is not. They are showing all fees are in the deal already.)
Is your Bolt a lease or do you own it? If you own it, the other explanation is the tax credit you’d be getting for the trade-in. And that would explain why they don’t show any tax on the sheet. 0 out the tax rate on your calculator and it hits 349 as well.
