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Chevrolet Volt Lease Questions

314 messages,  Last post on May 22, 2013 at 10:44 AM

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

    

Messages Page 28 of 32

#268 of 314 Re: How does this deal look? by mozzy21

Jan 03, 2013 (2:19 pm)

After passively looking for a Volt since August '12 and talking with ~10 different dealers in NE IL and SE WI, I finally pulled the trigger on a 2013 lease before some special pricing / promotion expired. Wasn't as good as what was being offered in August, but here are the details:
 
MSRP: $39,995
3 Year 36,000 miles
$2,230 down + fees (all-in of ~$3,200)
Payment of $235/Month
 
Hope this helps.

#269 of 314 2013 Volt January Lease Terms [Car_man] by tschai

Jan 03, 2013 (3:38 pm)

Replying to: Car_man (Dec 27, 2012 8:44 am)
Carman, do you have the January lease rate? 12k/yr 36m on a 2013 Volt with Nav. Is it pretty much the same as last month as far incentives go with either Ally, GM Financial and US Bank.
 
Thanks!

#270 of 314 Re: How does this deal look? [mozzy21] by dpw1

Jan 03, 2013 (10:33 pm)

Replying to: mozzy21 (Jan 03, 2013 2:19 pm)
That sounds like a great rate any seems like current deal is $299 on base 36mos.
How much more should I expect to pay for premium trim ($1395)
 
Im looking for 36mos 15k miles, with premium trim
 
getting quotes around $465 with 3000 down. I, new to leasing what do I need to know.

#271 of 314 Re: How does this deal look? [mozzy21] by wz40ft

Jan 04, 2013 (7:26 am)

Replying to: mozzy21 (Jan 03, 2013 2:19 pm)
Mozzy21, that is a good deal.. can you provide any other info that will help explain the low monthly rate? E.g. what was:
- Which incentives applied and how much they were
- Agreed selling price after incentives/promotions applied
- Residual
- Lease APR
 
I ask because in my area, a very similar lease (3yr/36kmi) on similar vehicle was $465/mo (zero down), so I'm assuming the difference is in incentives/promotions or lease APR. Even if I put $2200 down like you, that would only lower my payment to around $400/mo.
 
Thanks

#272 of 314 Maybe the lease rate? by icemanbryan

Jan 04, 2013 (7:51 am)

I did my lease back in Sept.
Ally gave 1.1 % I believe we are about the same price on the lease.
 
BTW, you will love the car, I do!

#273 of 314 my 15k mile offer (in MA) by dphillipsjr

Jan 04, 2013 (8:46 am)

Yesterday, i was offered a 15k mile lease with $2599 down for $381/m. This would be my first lease. Does this sound about right or should i shop around more? Thanks so much

#274 of 314 January 2013 Lease #'s by heb80

Jan 09, 2013 (5:17 am)

Carman,
 
Do you have the residual, money factor/rate, dealer cash, and dealer contribution for the current advertised lease on the Volt?
 
36mo, 12k miles/yr, $2419 down, $299/mo
 
Thanks.

#275 of 314 Current 2013 Lease Rates by tschai

Jan 09, 2013 (11:58 am)

Current lease rate for US Bank on a 36m 12k/yr Volt with Navi. Should be the same without Navi. Subtract 2% for 15k and add 1% for 10k.
 
1.32% or .00055 MF Residual of 44% + $7500
 
Current lease rate for Ally on the same term and mileage.
 
1.05% or .0004375 MF Residual of 58%
 
Both US Bank & Ally have $2820 lease incentive and there's also a GM $1000 Private Offer cash for current/previous GM owner. Ask your dealer to check your address if there's one in the database under your name/address.
 
There's a cap of $43805 on MSRP when figuring the residual. So if your Volt is $45k, the bank will only base the residual on $43805. This makes the MAX residual for all Volts at $26,774.20 In another word, for the best deal on a non base model, option your Volt as close to $43805 as possible.

#276 of 314 Re: Current 2013 Lease Rates [tschai] by dpw1

Jan 10, 2013 (2:11 pm)

Replying to: tschai (Jan 09, 2013 11:58 am)
So if I'm looking at a 43850 msrp 36 mos 15k. 2300 due at signing what do you think a good monthly lease would be. Tax in my state is 6% on lease payments

#277 of 314 Re: Current 2013 Lease Rates [dpw1] by dphillipsjr

Jan 11, 2013 (5:44 am)

Replying to: dpw1 (Jan 10, 2013 2:11 pm)
for sorta close comparison sake, this is what i got for a deal that i think i'll sign today:
 
$2700 down, 36m 15k miles for $399/m including sales tax of 6.25.
 
hope that helps.

Messages Page 28 of 32

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