Trying to find the best deal on a 2025 Sierra EV Max lease deal, and the 36mo residuals I’m getting back in dealer quotes all seem to be hovering around 55-58%. and don’t appear to take the $7500 tax credit into account? And, when I use the LeaseHackr calculator, there is a checkbox there to apply the $7500 credit, but it doesn’t actually change the residual value in the calculator. Is this just a bug? or is the 7500 credit no longer available?
Also, what pricing should I be shooting for? Was hoping to target MSRP-10% for selling price, then stack that with Costco Exec and GM supplier discounts, which should, in theory get me well below 1% of MSRP (under $1k/mo including our crappy 9.5%+ tax rates here).
Thanks in advance!
GMC adds the $7500 on top of the listed residual. So if the msrp is $100k and the listed residual is 55%, the actual residual value used is $62.5k
That’s a ludicrously low bar. No one is paying remotely close to 1% on a hacked EV here.
But that’s the wrong way around. You don’t identify a payment first.
- ID a hackable vehicle, trim, etc.
- Search forum for discount percentage
- Research how many incentives you can stack
- Make offers
- Have offer accepted or accept the best counter
I’m new at leasing but been reading and playing with the calculator. What should I be targeting for the 2025 Sierra EV Max? Looks like 9-10% off MSRP for selling price, minus rebates (costco, conquest, GM supplier) should be possible?
Also, is there any benefit to 39mo vs 36mo leases? And the way the numbers are looking, seems like I’m better off getting a 12k/yr lease and just paying the $0.25/mi penalty vs 15k/yr? Especially since we don’t really know how many long distance towing trips we’ll take. (my normal usage is about 9kmi/yr for commute, but we’re planning some major long distance trips with this rig).
Thanks!
Msrp limit for trucks is $80k for the tax credit. Not sure if GM is just giving it out of the goodness of their heart or not though.
We aren’t discussing a consumer purchase, so the msrp limits for a tax credit under IRA 30D are irrelevant.
There is no msrp limit on the tax credit the bank receives under IRA 45W. What they decide to do with their tax credit is up to them. With GM financial on a GMC lease, they directly plus up the rv by $7500.
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Hummer is 1% or lower. Sierra EV will get there once the honeymoon phase wears off and inventory starts to stack up on lots.
OP. Go on GMC website and mess around with lease terms to see what has best rate/mf. Sometimes 39 is cheaper. I think they love 39 because you end up paying new tags warranty expires so they can ding you on return.
Find dealers with close to 10 on the lots. Tell them what you want to pay. End of the month they are more willing to deal to move a unit.
You could also message some brokers on here to see if they can find you a deal.