I just signed my first lease for Bolt Premier in NC and had a question about the taxes. We agreed on $8700 (best I could get locally). I went to sign the paperwork expecting $8700 but was surprised when they only asked me to write a check for ~$7200 as written on the “total of scheduled payments” line. I see in the “Official Taxes and Fees” total of ~$1500. When do I pay this $1500? Does the dealership bill me for this later?
It does say “Amount to be paid in cash” = $8700 on the contract.
I thought with one pay leases, the amount you pay at the dealership is it. Are there additional fees later?
NC isn’t a very EV friendly / incentive state and a lot of the dealers hadn’t sold many Bolts or done one pay leases before. I was getting quoted $13K for many one pay leases and finally got a few down to $8700 range. Was curious if I got lucky with the $7200 or when I should expect to pay the remaining $1500.
Either way, just want to make sure I understand how the lease payments work.
Edit: contracts posted below:
Page 1 - One Pay Bolt Lease - Total of Scheduled Payments vs Official Taxes and Fees - #5 by nooneknows
Page 2 - One Pay Bolt Lease - Total of Scheduled Payments vs Official Taxes and Fees - #12 by nooneknows