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Chevrolet Volt Lease Questions

315 messages,  Last post on May 22, 2013 at 6:14 PM

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What is this discussion about? Chevrolet Volt, Car Buying, Car Leasing, Sedan

    

Messages Page 20 of 32

#186 of 315 Re: Lease on Long Island [pilot25] by Car_man HOST

Oct 30, 2012 (4:40 pm)

Replying to: pilot25 (Oct 27, 2012 5:31 pm)
Hello pilot25. Ally's October base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Volt without navigation with 12,000 miles per year are 1.56% and 63%.
 
There is currently a $2,500 cash incentive on leases of this car through Ally.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#187 of 315 Re: Lease on Long Island [Car_man] by pilot25

Oct 31, 2012 (7:07 am)

Replying to: Car_man (Oct 30, 2012 4:40 pm)
The dealership had told me US bank had a better lease deal. With 48% residual and mf of 0.00065. Is he lying to me?

#188 of 315 Re: Lease on Long Island [pilot25] by Car_man HOST

Nov 01, 2012 (7:16 am)

Replying to: pilot25 (Oct 31, 2012 7:07 am)
That's very possible, pilot25. It seems as though US Bank has been providing fairly aggressive lease programs on GM models lately. The numbers that you were given by the dealer look right. Just make sure to take the available lease cash into account.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#189 of 315 2013 Lease in Massachusetts by njd1117

Nov 01, 2012 (8:41 am)

Hi guys,
 
I just leased a 2013 Cyber Gray, black leather, white ceramic trim, with all the bells and whistles except nav. Total cap cost $39,500, residual value $25,961. $2,500 in rebates and noncash credits, $0 down (just upfront payment of first month and returnable $400 security deposit). Total monthly payment of $372 (not including MA taxes). I take delivery tomorrow.
 
This site has been very helpful and I'm posting the details of my deal in hopes that other people find it useful.

#190 of 315 Re: 2013 Lease in Massachusetts [njd1117] by njd1117

Nov 01, 2012 (8:43 am)

Replying to: njd1117 (Nov 01, 2012 8:41 am)
Should have added: 15,000 miles per year and 36 month lease.

#191 of 315 Residual and money factors? by zico2000

Nov 04, 2012 (3:28 pm)

Could someone post the definitive residual and money factor rates for 15k miles on 36 month lease for a Volt?
What are the incentives from Ally?

#192 of 315 Re: Residual and money factors? [zico2000] by tschai

Nov 06, 2012 (1:02 pm)

Replying to: zico2000 (Nov 04, 2012 3:28 pm)
Residuals are lower compare to October. It's 43% for 36m/15k and 41% 39m/15k with $2440 CCR. Add 2% for 12k/year. Same for both navi and non-navi. Keep in mind the residual is before adding the $7500 federal tax credit. Money factor is .00048 or 1.15% Financed to US Bank. I don't have one for Ally.
 
These numbers are for November and December.

#193 of 315 Figuring Volt lease with tax credits by bromion

Nov 07, 2012 (7:20 pm)

I'm trying to figure out the Volt lease price but I'm confused as to how the tax credits work. In California, there's an additional $1500 credit, I believe, bringing the total credit to $9000. Does this get applied directly to the final cap cost of the car? What happens to the residual? I'm using the Edmunds calculator. Given these credits, what numbers do I enter for Incentives and Rebates and Lease Residual? Thanks!

#194 of 315 Cost reductions? by zico2000

Nov 08, 2012 (1:50 pm)

Getting different messages from dealer. Do you reduce the negotiated price by 7500 (tax credit) and then by 2500 (ally incentive) when leasing? Can't seem to make the math work. Anyone who actually leased, can you post the detailed math here?

#195 of 315 Re: Cost reductions? [zico2000] by tschai

Nov 09, 2012 (5:27 pm)

Replying to: zico2000 (Nov 08, 2012 1:50 pm)
You add the $7500 to the residual. So if the residual is 43%, you add $7500 on top of that. This reduces your depreciation charge by $7500. This significantly inflates the purchase price at the end of your lease. I doubt that the Volt will be worth the inflated residual after 36 months.

Messages Page 20 of 32

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