These posts are all purchased Bolts that were swapped. What about a leased Bolt swapped for another vehicle, presumably also a low cost lease like our Bolts?
Well most states, including VA, give the consumer the choice of buyback or āsimilar vehicleā. That applies to purchases and leases. The wildcard are the lease terms. It seems like all they can do is continue the original lease terms. They canāt swap in a new vehicle and give new lease terms. They swap purchases using a MSRP to MSRP approach. I will be getting a lawyer if they donāt do the same with a lease. Will keep everyone up to speed on the processā¦
you are referring to substitution of collateral and there are different rules by state on what can take place during this process, but my understanding is that most of the time itās like for like (which in this case would be MSRP dictated I guess) or better if you (the consumer) willing to poney up for the difference. In cases of SOC transaction lease or finance doesnāt matter as the contract remains in place just the car gets switched out.
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My GM rep said allocations for MSRP swaps are separate and donāt come from existing dealer allocations so thereās no reason for a dealer to deny it. That being said he also said dealers donāt necessarily believe this and it takes some convincing. He also said once you get an order in you have to stay on top of the dealer to make sure they donāt sell it out from under you.
Yeah heard the selling portion. Once this is approved Iām going to dealer, attaching 7 sold signs, camping out in front of the car, and surrounding it with razor wire 
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If the dealer did allow an MSRP swap on a lease, do we know how the CVAP rebate stuff would work out; I am in CA?
Are there even any good Chevys to swap into? I am new to leases, what a nightmare to navigate all this lol.
There are 2 posts on Reddit full of hearsay. If I were you, I would contact CARB and ask.
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Agree with @jeisensc about CVAP. I didnāt use that program so couldnāt say.
Define good. Nothing like a Bolt since itās the only current GM BEV. A Camaro Lt1 has similar MSRP range if you want something fun, or the Colorado would be an option. I wouldnāt go over MSRP though as you have to pay 1:1 dollar over rather than residualized dollars if I understand properly.
Or you could get the closest in MSRP SUV and just immediately swap or sell it to capture the equity.
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Yup, really confused as to how a lease swap would work. I have a 2020 Bolt with 7500 miles on it. I would love to swap it for something else since I got a great deal on the Bolt and something with AWD fits my needs better. ($6500 one pay - $5000 NJ rebate). My MSRP was around 39k.
Iām just confused as how a lease swap would work:
- Say I found something with the same MSRP as the Bolt, I just swap into the new car, would I only have it the remainder of the Bolt lease or is it reset?
- Is residual going to be the same or will it be different?
- If I want something with a higher MSRP, would I have to pay dollar for dollar the difference or will they take into account the residual?
- If itās dollar for dollar, would the residual / buyout be the same as the Bolt?
- Would it have to be another Chevy or can it be a Cadillac?
Might want to subscribe to this thread:
https://www.reddit.com/r/BoltEV/comments/puazqe/msrp_swap_approved_on_lease_in_ma/
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GM can approve whatever they want but the real question is what dealer is going to play ball without any real incentive to do so? I could find an LT1 thatās probably exactly $43,735 or slightly less but what dealer would agree to swap that when they are going for 5k over sticker in many instances? I suppose you could do an order but will the dealer A) agree to that and B) not sell the car out from under you? The whole process is a mess from start to finish.
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I can totally understand why peeps would want to go through the headache, and get another vehicle. I am keeping mine for many of the obvious reasons others have pointed out.
Once this recall dust is settled. I am pretty sure it will become a leasehackr moment. I will be taking full advantage of the āloss in faith sale / marketingā, and picking up 4 of them to replace the family fleet! 
Between the new proposed guberment cheese ($12,500), and this loss in faith, I would imagine sub 6K leases all day long in mid 22ā¦
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One could hope post-sale customer service by the original dealer would be some motivation.
On a swap, Does the dealer still profit as a standard MSRP deal, or is it a no profit deal?
I mean my lease was $6500 one pay - 5000 state rebate in 2020 - so not too far off. I donāt mind the car, but it just doesnāt work for me with the restriction they place on the range and parking. My usable range is now 225 (charging to 90%)-70=155 miles. I only have a level 1 charger at home - it charges 4 or 5 miles an hour (and Iāve been charging slower (8 amps) because Iām hoping that will not exasperate the issue. With the speed it charges at means the range will definitely fall below 70 miles at times with my usage. In addition, I canāt park the thing more than 10 feet away from my house or other cars. My driveway just isnāt big enough for that.
Yeah, seems like that can be problematic in this market. There are very few cars that GM makes that I would really want to swap it out for. In terms of Chevy, Iād really only want a Tahoe or Corvette - maybe a Blazer or Silverado if I had to. If we can do other GM products, a CT4-V or CT5-V looks nice and isnāt too much more money (48-52k sticker). I wouldnāt mind paying the difference in MSRP if the residual is the same $21k from the Bolt - then I would just buy it out at the end of the term.
I can probably order a Corvette from Ciocca/Kerbeck Corvette that they will sell me at sticker. Problem is it will likely take 8 months to build. If this is an option - definitely something I want to do - but Iām worried that GM wouldnāt honor the deal with a timeframe that long.
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My rep used the term āVIN swapā which would lead me to believe the terms donāt change. The new car is simply substituted into your existing contract.
This answer would then apply to residual, buyout, etc.
You can do any GM, but as a practical matter it will be easier in the same brand from the same dealer (according to my rep)
Great! Thanks for the info, who would I call to get the process started?
The Chevy EV concierge phone number. You should have the contact info in your recall letter.
Remember every state has different lemon laws, and GM appears to be following the local lemon law regulations.
My understanding is that they earn a flat $500 and a get an allocation for a new vehicle to replace it.
From what Iāve seen and heard it sounds like you would pay dollar for dollar for any difference in price, whether itās a purchase or lease. I donāt believe they residualize that difference either, which seems strange to me.
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Thatās what I read elsewhere as well. I wouldnāt mind this so long as I can buy the car/truck out for $21k (my Boltās buyout) come the end of the lease - especially in this crazy market.