My deal actually ended up a bit different than the above (which is what I negotiated) because when I went back to sign the paperwork, they had ending mileage of 30,000 instead of 32,666 (9112 miles / year). Instead of changing the paperwork, they credited me $0.20/mo * 2666 for a total credit of $533.20. So my “due at signing” ended up being only $101.99.
I could have gotten a better deal if I had more patience or negotiated a bit more. I am in the Houston area and several dealers have loaners coming off of their loaner program within the next few weeks, but very few had any available right now. My had wanted an RST in the <$600/mo range. I figured this was close enough.
I do really like the truck so far. I charged to 100% a few days ago and it was showing me 460 miles of range which is awesome.
I also was able to install a generator inlet into my house and plug the 220 from my truck into my home. Everything in my house (other than AC because I didn’t install a soft start) worked great just running on the truck. With as many power outages as we seem to have now a days, this is a huge benefit. We would be able to run off our truck’s battery for days.
If the $7500 EV rebate is included then that’s only a 4% discount on a loaner. Seems low but maybe the TX tax credit is in play here? In any case this could stack up nicely if supplier is added plus a deeper discount in other markets.
No $7500 EV discount due to the sticker being over $80k. Typical Texas sales tax is 6.25% of the negotiated car price (not the amount leased), so getting that 1.25% tax is a big savings and something people need to ask for if they are leasing in Texas. I didn’t have a supplier discount, but that would have stacked nicely.
MSRP limit doesn’t apply to leases. I hoped we were beyond questioning this.
GM typically inflates the RV instead of passing on an EV rebate. Based on the calculator:
10k/36m Non-subvented RV is 60% (ext) 55% (max)
10k/36m Subvented RV is 69% (ext & max)
There is supposed to be an incremental CCR for loaners of $2750 (my region, can vary). Also note difference between supplier allowance (rebate) and supplier discount (fixed price).
Maybe someone else can confirm if the rule is still same but GM allows mileage on a lease from whenever it was punched in to service. Meaning if your loaner went it to service with 10 miles on clock and had 2666 miles on it when you signed for a 36/10k mile lease you don’t get 32666, you get 30,010 miles.
Yes, last month supplier was an additional $2k. Loaner rebate is direct to dealer and seems to be region specific. One GSM at a midwest dealer told me it was $5750 once the truck is in loaner service for 2 months and 2k miles.
I think it has been that $2k for a long time now. Silverado EV leases really well if you find a loaner and a dealer motivated to move it. I ended up with a Sierra EV but they don’t lease as well.
I am pretty sure the rate stayed at 0.00091 for April. A 0.00333 MF would be the equivalent of an 8% interest rate which sounds crazy high to me for a 24 Silverado EV.
That’s incorrect regarding mileage allowed. I just signed a 24/10 lease with GM on a loaner Blazer RS EV and it simply states it’s a 24 month lease with 10000 miles allowed each year (under wear and tear section). Beginning mileage was the current miles on the loaner (2177). Specifically asked the finance guy about the ending mileage and he confirmed I have a full 20k to use so no additional charge up to 22177 on odometer.
