My lease will be up on my 2020 Chevy Bolt EV Premier next month. My buyout price is a little over $23k, and I’ve noticed a trickle of Bolts at 3rd party dealerships for about the same price as mine. I asked my dealer what GM Financial is doing with the lease returns. He said that he has no idea, but he thinks that they are just going to auction because “nobody wants to buy the 2017-2020 Bolts due to the poor impression that their batteries will cause fires.”
If the Bolts are just going to auction, and 3rd parties are selling them at the same price as my buyout price, then it seems like GM Financial would be auctioning them off at $20k or below. Any ideas if that’s indeed what GM Financial is doing? If so, how a savvy customer could negotiate a buyout deal on a lease return to take advantage of their loss?