I have a Bolt EV 2020 lease that I want to return and one I want to buy out. The lease just ended. They have a GMAC buyout of $20k and $21k
The dealership wants to force me to do “grounding” and pay ~$2000 in fees
They don’t want to sell it for the lease agreement…
Is they are way folks have been able to find a dealership that won’t do these fees, and is it even possible to buyout and get the $4000 point of sale.
The salesman implied they basically want $2000 or 1/2 the $4000
I found another Chevy dealership (both are in the Orlando area) that agreed but then called me back and wanted the same deal. Grounded for 24 hours and then pay several fees that add to the same ~$2000
The dealership can not legally charge you extra fees on a lease buyout beyond a doc fee.
With that said, trying to also get the credit complicates things potentially as it has to be purchased from the dealer rather than from the bank. There’s likely a huge gray area there of how that falls into tax law, which probably requires then to ground it, take it into inventory, and then sell it as a normal used vehicle.
Are you financing it? If you’re paying cash, just call GM Financial and send them a cashiers check. You don’t need a dealer. If you have solid credit, check out lightstream for financing. They don’t even waste their time putting themselves on your title.
Depends on the brand. FL has annoying laws in regards to if the bank has a physical location/the right licenses to be able to sell directly, so sometimes you do have to go through a dealer. Im not sure about GM.
OP is trying to get a used vehicle tax credit- It has to be purchase from a dealer. Probably easier to just find another one and return this one. Looks like you cannot have the best of all worlds on this.
