This deal may or may not be replicable but I hope it serves as a reference of what’s actually possible in the Bay Area.
After months of research and learning on Leasehackr and reddit, applying and waiting for a grant, negotiating with dealers, I finally picked up the Bolt last Sunday! It’s an amazingly fun and efficient electric car. Thank you for all the hackers and redditors who helped, and ofcourse God’s blessing on all the approvals!
Although many may not qualify for the low income grant/rebates, but please do note that I did not qualify for the $1500 additional Chevy Lease Loyalty and Conquest cash. So if you had any kind of current lease, this deal could’ve been even sweeter with another $1500 off at the dealer.
Year, Make, Model, and Trim: 2020 Chevy Bolt LT w/Fast Charging (No other option)
MSRP: $38245
Monthly Payment: $0
One-Pay Lease: $8358
Drive-Off Amount: $3358
Months: 36
Annual Mileage: 10k
MF: 0.00001
Residual: 53%
Incentives: $5k dealer discount, $5750 Chevy Lease Cash, $1400 Bay Area Lease Cash, $5k CVAP low income grant
Post Sale Rebates: $2000 CVRP, $2500 CVRP Low Income, $800 PGE Utility rebate
Non-cash incentives: $1,000 EVgo prepaid charge card and L2 Portable Charger (CVAP Grant), 20,000 Chevy Reward Points (equivalent $100 in accessories), $100 dealer gift card (From a GM supplier friends code)
Region: NorCal (Bay Area)
Leasehackr Score: -62.1 years
Leasehackr Calculator Link:
Dealer Discount
$5000 off
Lease Incentives
$5750 Chevy lease cash
$1400 Bay Area lease incentive
= $7150
Grants & Rebates
$8358 One Pay Lease
-$5000 (CVAP Grant)
= $3358 (Total Due at Drive off)
-$2000 (CVRP)
-$2500(CVRP Low Income)
-$800 (PGE Rebate)
= -$1942
