I have a question for the Leasehackr experts and I appreciate your input in advance.
I leased a ‘20 Chevy Bolt Premier for my wife last month in Texas for $7,325 on a single pay.
Just recently (few weeks after delivery), the dealer reached out saying there’s a “titling issue” and I need to resign some documents. I asked for more details and they told me I need to resign the lease contract and I asked for a copy of the new one.
The new contract shows a single pay amount of $5,893 where the $7,325 was initially (Box #3). I called them out on it and they just said that it’s due to GM Finance wanting a breakdown of numbers but that Box 6B has the original amount of Line 3.
Is this truly the case and I should just sign it and get it over with or are they being shady and I should ask for the difference back and refuse to sign?
See both attachments for comparison. This was a 36M/12K lease.
Also, I’m looking to lease another Bolt in North Texas and I have a deal lined up for right around what the new contract says (~$5,900) so if I can give this dealer back their bolt (with ~400 miles on it) and cancel the sale without any “consequences”, I would definitely consider it.
I would then try to get two bolts from the more recent dealer and save the ~$1,400 from the first deal.
I got the new offer yesterday evening and they told me the numbers should stay the same in November. That sucks, I hope they don’t change the deal. Maybe they can backdate the contract.
Based on other posts it seems the original deal must be either undone (AKA unwound) or re-signed with a new contract if the bank does not accept the contract as is.
Yeah I think I’m just going to respond back and let them know I’m considering u winding the deal all together unless we can find middle ground and see what they say. Thanks.
Just an FYI ‘you’ dont unwind a deal, either you don’t sign or you sign. Only the dealer can unwind after you sign. You can’t sign and then say oops unwind it.
Good to know, thanks! From my research online from those that were in similar situations, it doesn’t seem like I’m obligated to sign the new contract and I can just have them take the car back.
I’ll probably ask for them to meet me halfway or something. I’ll find out tomorrow.
Sorry for the late reply! I ended up giving the Bolt back to the dealer and got my full single pay amount back. They were actually somewhat cool about it and said they wouldn’t have a problem selling it to someone else. I put on about 700 miles so I’m not sure how they’ll sell it as “new” to someone else.
I applied for it but I haven’t received it. Do I have to notify them that I returned the car or will they find out by themselves when verifying the rebate forms?
