Congrats! Love to see this from our community. The one-pay makes a lot of sense for 24-month leases.
How do the $3K incentives break down? $2,500 Chevrolet Lease Loyalty and $500 GM Card Signup?
Sorry what model is 2FL?
2FL usually refers to a specific trim for the Silverado vs an LT. 2FL comes standard with the TurboMax 4 cylinder and don’t believe there are any engine options within “2FL”. Equipped a certain way with interior and exterior upgrades. My vehicle was the “allstar” edition so very nicely equipped and the most heavily promoted lease package for the Silverado (different leases across different trims).
$2500 Chevy Lease Loyalty and $500 regional lease cash I believe
I worked for GMAC Auto for 10 years and 10 years for GMAC Commercial Mortgage.
Rotated through GMAC’s leasing department in 1991 right out of MBA school and have leased all my vehicles since, many of them one-pays.
Yup! A 2FL is an LT build that’s specifically for leasing.
GMF usually offers better programs (e.g., a higher residual) on a 2FL than a regular LT. They’re specced in a way that the lender believes will hold value better… rather than potentially residualizing a bunch of options that have no secondary value on the auction blocks.