Any feedback on was it good one?
This was a loaner / demo with 2500 miles on it
What discount did they offer you before rebates? What’s the MSRP? $6k on das is a lot
I agree this sounds like a horrible deal
I’m working on a deal with $517/m with around $3k, and I’m still thinking about it, on your deal, its definitely a no
The reason why I didn’t take my deal is cause dealer won’t provide complete breakdown until I allow them to run my credit. BS!
I’m working with a dealer $491/mo 24/10K/$1500 DAS for a Lyriq Lux 2 AWD Demo (red paint, power sunroof). I’m still not sure it’s a great deal, and waiting to commit on a trade-in, but looking at other dealers and vehicles.
For those saying the OP’s deal is not good, what would be considered a good deal on a Lux 3 or something like mine?
sending you a PM
I got myself a lux2 demo AWD, 442/m with 1k DAS, and 15K/year miles. Very doable. In socal. Other states might be cheaper with extra rebates…
Here the dealer could not squeeze anymore. All in all, they only lowered it $3710 and the trade in was not great and they weren’t willing to add any more trade in or lower the payment a single penny. Had to pass on it. It already had over 3000 miles and they told me they’d count against me. So at 10k/yr I’d only be able to get 17k or less in 2 yrs
I believe they were implying those 3,000 miles count only against the 50,000 warranty miles.
Absolutely no way those miles count against your contract!
In the past, GM Financial used to deduct the loaner mileage off your allotted miles. Example - vehicle sold with 2k miles on a 24/10 lease would only allow you to drive a total of 18k miles for a total of 20k at lease end. Not sure if the rules have changed now.
I am not sure if in their contract they differentiate loaner miles vs test drive/delivery miles but neither in my 2008 or 2018 leases did they deduct the 216 miles nor the 337 miles that were on the vehicle when I took delivery of the vehicle. It also did not affect my 36,000 mile warranty either because their was no prior in-service date before I took delivery.
Maybe that changed in between or maybe that it is defined in the contract under “loaner” I am aware that they can adjust the warranty miles based on being in service but never heard of it deducting from contract miles. I have seen items here on leasehackr with different luxury vehicles reducing the residual value base on the miles but never changing the contract miles.
I assumed the Loaner rebate compensated you for the loaner miles.
Funny we haven’t heard more of it from other Lyric hackers as this loaner thing has been going on since May of this year with many leases with up to 3k of loaner miles.
I can’t imagine that big thing getting past a loaner hacker.
Yes they were adamant about it. I found another dealer that had another demo with 4000 miles and it was the same exact thing. It was eating 4000 of whatever my allotted miles was. Told me that it would be 8000 miles/yr but paying for 10k because the car already had 4000. Funny thing is neither of the dealers were willing to lower the price of their vehicle past the $2500 rebate for loaners that the manufacturer provides. I’m sorry but if my 3-month old vehicle has 3000 miles and it has lost, according to them, $40000 in value, there’s no frigging way there’s no room to negotiate when they have more miles on their vehicle and they only lower what the manufacturer is already giving them for rebate to use it as demo.
I don’t think a 4000-mile “new” car from a dealer caps out at $3,710 under msrp, which at $73,710 is, what, 5% off? Probably more close to invoice? On a last year model, too, less than 2 weeks before the end of the year.
That was the only single dealer discount. Everything else was what they were required to provide by the manufacturer.
And this was the best deal around, by a mile…
It sounds like your salesperson is going to have a very Merry Christmas on your dime…
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That’s awful- a lower trim will be half the cost
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