Last post on Apr 20, 2013 at 6:10 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Chevrolet Volt, Car Buying, Car Leasing, Sedan
#196 of 313 Re: Figuring Volt lease with tax credits [bromion]
Nov 09, 2012 (5:31 pm)
You apply for the $1500 rebate after you get the car from the dealer. You have to submit the purchase information to the state to receive that rebate. It takes about 6-8 weeks. It doesn't affect your lease payment. If you get rid of the Volt before 36 months, you have to give part or all of that $1500 back to the state.
#197 of 313 Re: Figuring Volt lease with tax credits [tschai]
Nov 09, 2012 (5:36 pm)
OK, so the $1500 doesn't factor in the lease at all, but how about the $7500? How does that compute into the lease?
#198 of 313 Re: Figuring Volt lease with tax credits [bromion]
Nov 09, 2012 (6:11 pm)
It increases your residual by $7500. So your rent charge(depreciation) gets reduced by $7500 off the bat. This can reduce your monthly payment by up to $208 ($7500/36) depending on the money factor. All the special lease ads you see for the Volt already have this figured into the monthly payment so don't assume that it's a additional reduction to the lease payment.
#199 of 313 Re: Cost reductions? [zico2000]
Nov 09, 2012 (7:59 pm)
You only add $7500 to the residuals for US Bank not Ally. Ally residuals already have the $7500 built in, how much of that is built into it is not known. I don't think there's a $2500 Ally lease incentive. Where did you see that? I believe there's only a $500 subprime incentive and $500 targeted mailer cash incentive for Ally.
#200 of 313 Looking to lease
Nov 11, 2012 (11:09 am)
I'm looking to lease a 2013 Volt, but am having trouble finding anything that resembles a good deal. I have great credit (in the 800's).
This was my latest offer on a 2013 loaded Volt: Premium Trim, Safety 1 and 2, Bose system, Nav, and Polished Wheels. I would welcome your comments. Thanks.
Sale price: $42,928.00
36months 12,000 miles per year. $2500 down
Residual Value 61% or $27,210 (buyout)
Lease Money factor 0.00081 (rough APR 1.9%)
Total due at inception $2500 includes 1st payment
35 payments remaining at $437.07
#201 of 313 Re: Looking to lease [ksuna]
Nov 11, 2012 (11:26 am)
I got a lease that was fully loaded Package 1 & 2.
The payment is $418.00 including California Taxes
36 Months 15,000 Miles. I put down $1,750
I know the money factor was about 1.9 thru Ally.
It included 1st payment.
Where are you located?
#202 of 313 Re: Looking to lease [bacchusm]
Nov 11, 2012 (11:31 am)
Nov 11, 2012 (7:36 pm)
Is there a Volt shortage? I went to a dealer today and they made me an absurd lease offer of $550 per month with nothing down. That's a joke. I called another in Los Angeles and the dealer said he'd call me back -- nothing back from him! What gives? Just a few weeks ago people were reporting crazy good deals. Now I can't even get one. Is this related to the Volt plant shutdown not long ago or just the market reaction to the gas spike and the good lease deals? At this point, I'm looking at waiting until end of Dec or January. Maybe I will comparison shop with the Ford plug-ins too.
#204 of 313 November lease rates
Nov 11, 2012 (10:38 pm)
I was recently offered a deal for a 36mo 10k volt
Loaded at 44120 msrp
Selling price 41424
Then I can apply 2k rebate
This is a us bank deal
Payment 419 inc tax. 1000 drive offs. Good deal.
Car man do you have the lease rates and residuals for both ally and us bank? Thanks.
#205 of 313 Re: Looking to lease [bacchusm]
Nov 12, 2012 (6:40 am)
What Cali dealer?