First Time Lease Help

[khawk0076]

I have been looking into leasing a vehicle and I absolutely fell in love with the new Equinox EV. I decided to go to a local dealer and run numbers and in doing so, I noticed that the offer provided to me didn’t really match what I was seeing online. The lease is on a 2025 Equinox EV LT1. I didn’t want to put any money down on the vehicle so I told them to write everything up as sign and drive. This is where it gets confusing at the price sheet sort of states otherwise.

MSRP: $35,785

Price After Discount: $33,785

Negative Equity Amount: $2520

Fees and Taxes: $1263

Total Vehicle Cost: $37,568

Residual: $26,480 (74%)

MF: (0.00311)

36mo/10,000m/730 credit

In calculating this I didn’t really understand how the dealer got to its $550/ month price and would love if someone would help me to understand it. I am also a bit confused on the GM supplier discount/ other incentives. When I asked my salesmen about the supplier discount/ conquest/ college appreciation and other things that have been on GM’s website he said that none of those were available on this model.

[forbs]

1. Only gives $0 off the MSRP
2. Gives $2000 in rebate
3. You are 2500 in negative Equity

Wow they getting you good.

[khawk0076]

Honestly the $2,500 in negative equity is best case scenario in my situation. I was almost certain my car would be valued at $4,000 haha.

[forbs]

Where’s the $850 Supplier discount?
Costco is $1000 by itself.

And if they are giving you $5900 on a $4000 car…that’s why there is no discount, they don’t want to give you a discount after hiding it in your trade in.

[khawk0076]

Unfortunately don’t have Costco in my area but, I did have a supplier code and he told me I couldn’t use it on this car. I’ve never used it before so I’m not sure how it works/ if they HAVE to give you the discount being that it comes from the manufacturer.

[forbs]

Lol , not on this car.

Talk to a broker and see if you can get a better deal.