I would pay 0 attention to any price listed on their website. It doesnt need to even enter the conversation.
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No need to ask anything when making offers. âHere is my offer, if you accept I can be there in x hours to take delivery.â
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We ended up leasing a Vistiq Sport in the Houston area. My wife liked the larger size and the 3rd row compared to the Lyriq. We were able to negotiate 10% off the MSRP plus the $2k conquest for a brand new / non-loaner vehicle which worked out to $839/mo. (They just started hitting dealer lots about 2 weeks ago.)
Not sure about DFW dealers, but Houston area dealers do seem to be negotiating. Could be worth the 500 mile round trip to work a deal in Houston or use a Houston dealer as leverage.
Donât waste your time and effort by trying to âeducateâ the sales staff. The vast majority have no idea how a lease works and youâre not going to be the one to educate them. As others have said, email your proposal to the right person and let them make the decision.
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This thread is not sufficiently different from OPâs last âhow to negotiateâ thread. Merging would save us a lot of repetition.
What is the difference between these two types of incentives for loaners one being $2500 and other being $1000?
2500 is rebate for the car being a loaner.
1000 is EV supplier allowance, if you or your spouse works at company that qualifies as a supplier. https://www.gmsupplierdiscount.com/
Since we are in mid April 2025 what sort of offer should I present on a remaining 2024 Lyriq that is sitting on a dealerâs lot? Looking to get a Lux2 with MSRP around $71K. Is offering $10K discount from MSRP before incentives a good starting point? I only qualify for the $3K conquest, but if I can find a decent loaner then possibly another $2500.
ask them if they can put it through loaner program, there is a lease rebate of $2500 and also a dealer incentive of $2000 when it is out of lease program.
Inventory on trim 2 2024 is quite low in TX.
They can do that with a remaining brand new unit that only has a few miles? So if I request this one to be put thorough loaner program does that mean then we wait until it racks up some miles before they can then sell that car as a loaner? What would be incentive to dealer to put a particular new vehicle as a loaner instead of selling it as a new unit with higher sale price?
Depends if they have capacity to put it into a loaner program. Qualification has been reduced to 10 days and 250 miles which is not much. itâs still a new car when put into loaner, its not titled yet as far as i know.
Incentive to dealer is $2000 dealer incentive
This $2000 dealer incentive is money the dealer gets from manufacturer for putting car in loaner and not something that is passed on to us correct? We get the $2500 incentive if we lease a loaner.
Yes, its up to the dealer if they want to pass on dealer incentive , but know they have it. Car needs to pass out from loaner program. Am not sure if 250 miles or 2000 miles qualify it.
So if a dealerâs website shows it as âRetired Service Loanerâ does that mean it is ready to be sold and I should put in an offer and it would qualify for additional $2500 incentive? Just not sure what sort of discount off MSRP I should offerâŚis $10K off a 2024 loaner not too off?
Are you looking at Lyrics? Not sure about Cali, but this is my experience on East Coast:
A good money factor is whatever GM is offering according to the lease hackr calculator. Anything above that is dealer profit.
Unless youâre able to leverage a marked up money factor for a commensurate or better discount, then the marked up money factor is better.
No. Buyrate can lead to a good deal on some cars and buyrate is a dealbreaker on some others.
And focusing on buyrate vs markup is to miss the entire point of leasehacking.
I made no mention of a âgood dealâ. The question was âwhat is a good money factorâ which I answered correctly.
Thereâs no such thing as a âgood money factorâ any more than there is such a thing as âthe right amount of saltâ. It depends on the recipe.
If you want to learn something here and become a hackr, then learn. If you want to be a mansplainr or womansplainr who doesnât want to learn anything thatâs fine too. Itâs your money after all next time you need a car. Iâm sure answering an (invalid) question on the internet will replace the money left on the table.