So I have an Buick Encore lease expiring the middle of next month (March). The lease deals aren’t what they were a year ago so I’m toying with the idea of just buying a 2019 Encore. The purchase incentives available to me potentially look good if I can get what I think I can.
I believe that since I have an expiring GM lease and that I would finance through GM Capital I would be eligible for the following incentives. Is this correct ?
$2500 Bonus Cash
$1500 Stand Alone Cash
$2500 Lease-to-purchase loyalty incentive
$1050 Down Payment Assistance Program (Need to finance with GM Capital)
$500 GM Select Market Incremental CCR Program (for 48/month purchase)
That totals out to $8050 in rebates and incentives. Please enlighten me if I’m not correct here.
And does “Stand alone cash” stack with the rest of the offers? I was under the impression that “Stand Alone” in GM speak meant that’s all that you get, and it can’t be combined.
The carsdirect tool suggests that the $1050 down payment assistance program doesn’t stack with the $2500 Lease-to-purchase loyalty incentive. The Buick website wasn’t as helpful in designating which incentives did or didn’t apply.
A local dealer is offering 39 month $169 Encore leases (nothing down but drive-offs ~$1600). That may work better than a purchase deal. I’m still deciding on what to do…
Options are
Buy the car($25595 MSRP ~$6500 rebates) with discount/tax/drive-offs net is about $20k
Lease the car as described $169/month with ~$1600 drive offs
Return the expiring lease pay $495 termination fee and be done with it. Wait for better deal.
Return the expiring lease pay $495 termination fee and buy a used car somewhere to drive
I believe this is correct. I think that the $1050 is if you take the 0% APR for 72 months and lose the other rebates. Personally, I’d wait til next month to do anything because GM typically gets way better in March
Well I have a GM lease, and don’t have a competitor lease. The last two years that $3k lease incentive in March was only for competitor leases. As I recall you only got $1500 for loyalty or something like that.
Maybe the deal will get better in March and then again maybe not. That’s the game we play.