Been lurking here for a while and finally got a deal done.
Picked up a 2026 Silverado 1500 LT (2FL) service loaner with about 2,000 miles on it. MSRP was $54,995.00, I believe I got about 7% off MSRP. Ended up doing a 24-month/10k one-pay lease for $4,242.28, which works out to about $177/month.
The deal stacked with $2k Lease Loyalty, the Employer Discount for Everyone that was running, another incentive for it being a loaner, and an extra $500 for opening a GM Rewards Card, I also believe that there was another incentive running in my area that gave another $1000 or $2000 off (Metro Detroit).
I put the entire one-pay on the new GM Rewards Card, so I’ll get back around 40,000 GM Rewards points. Since I can redeem those 1:1 toward another GM lease in the household, it effectively brings my cost down to around $3,800.
One weird thing: the lease paperwork doesn’t actually show the one-pay amount. I asked before signing, and finance said not to worry about it and that I’d only be charged the agreed $4,242.28, which is exactly what happened. The deal would have been a couple hundred dollars cheaper, but I asked for a new plate + registration.
Really happy with the truck. Thanks to everyone here in this forum, reading all these posts helped me negotiate this.
I hope You know that you got less than 9k miles per year on that lease. This was discussed on this forum before and explained how GM treats lonaer miles.
Even if you need to pay for those wxtra 2k miles this is still great deal.
It doesn’t say the exact numbers anywhere in the paperwork, I only know that the Lease Loyalty was $2k and GM Card was $500, the dealership was offering GM Employee Discount for everyone + Demo incentive + location incentive.
Congrats on the deal and for finding a Chevy dealer with sense enough to structure the deal so you kept the full residual by reducing the allotted miles based on current miles. From my experience, finding that savvy of a sales manager in domestic dealership world can be challenging to say the least. Enjoy!
Congrats on the truck & good work! Dealer discount is a bit weak though..less than 7% off of MSRP is mediocre on an actual new unit. Not the end of the world but something to note for the next one.
And can someone enlighten me on the odd mileage cap situation? I’ve never heard of this on a gm lease before (?). @Zenek
There is really nothing the dealer can do except writing him a check. The amortized amount/depreciation is literally already $0.01 on that contract, he is about to break the calculator.
Well I took that back, technically the dealer can add all tax and fees into the amortized amount and gave another 2% or so to cover those. A true calculator breaker would be strictly rent charge but given the math isn’t mathing in this deal, I don’t have high hope for the finance manager to figure it out. Sign and run was the right choice, lol
That $3,500 looks to be part of the July program (ends Aug 3), and $1,750 is new August program. The $1,750 is probably designed to be in lieu of the previous CCR but somehow OP’s dealer managed to stack both. Not surprised given how they worked out the deal lol.
One may reasonably recreate the deal tho given how much meat was left on the dealer discount part.
I don’t think this is consistent,though. Recently signed an optiq lease for a loaner with >2k miles on it, but line 8 on the contract reads “for mileage in excess of 12,000 miles per year”
For General Motors loaner miles isn’t it just as simple as asking them to structure it in one of two ways? The first option is the miles on the Car count against your contracted miles and you get the full residual value. The second option is the residual is reduced for the miles on the car and you get the full contracted miles.
Hoping you guys know the answer. The market incentives the OP listed, are they applicable to the dealer location, or where the car will be registered? Im interested in pulling a deal out of state.
Sucks to be me then. There doesn’t seem to be any Chevy Select Market Incremental CCR Program available in my area. At least when searching with RateFindr here.
It should be that simple, but from personal experience it is not. The dealer must know that in order to do the full residual option, the deal must be structured in DMS rather than CRM. I had one dealer call my ethics into question when asking them to do the reduced mileage cap option, saying they have to put the correct mileage on the lease. I never asked them not to put the correct existing mileage on the lease. Anyway, this triggered some PTSD.
