Last post on Nov 14, 2013 at 12:00 PM
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Chevrolet Volt, Car Buying, Car Leasing, Sedan
#317 of 482 2013 Volt Lease
May 26, 2013 (9:50 pm)
Hello, long time member and this is the 4th lease that I have done in the past 10 years with the help of the Carman and the folks here.
Let me first start off by saying, if you search my previous posts where I leased Lexus vehicles, I've calculated leases to the final cent, finding out the money factor, multiple security deposits to get the MF down, residuals, etc, etc. I can calculate a lease payment to the cent with a hand held calculator but then that's a lost skill because now they have lease calculators you can download from the app store....haha..
This is the first time in my lease experience where I negotiated for a lease on monthly payment and down payment. I do not recommend this normally, anybody who negotiates on monthly payment and down payment and not on actual lease numbers, like residual and MF is going to get ripped off but if I do say so myself, this isn't my first rodeo and I know what I'm doing.
Here's the basics of my deal. I did not trade in a car. I did not buy an extended warranty. I did not buy accessories. I did not buy anything else, nothing, nada... there's no where, where they made money on me. People post great deals on cars and fail to mention that they traded in a car and took a 2000 loss or they bought 2000 of accessories or window etching, then of course they get a "good deal" on the car.
36months/15,000 miles through US Bank.
$339 + tax
$0 down, I paid nothing down, nada, not even title, tax, acquisition fee, nothing. Everything was rolled into the lease payment.
I paid the first month's payment on drive off, nothing else, not a penny more.
I qualified for the $1000 lease conquest rebate since I was leasing a Lexus.
This price seems to be only possible in 2 or 3 SoCal Chevy dealers that it. I tried to get others dealers closer to me to match it but it was a no go. From what I understand, some really high volume dealers get a bonus rebate from Chevy for selling a ton of Volts, so the high volume guys can do prices that nobody else can.
Good luck everyone.
#318 of 482 Looking for Best Lease in Los Angeles
May 27, 2013 (9:49 am)
I am currently leasing a 2010 Prius which I am paying $218 inc. tax with $1500 total drive off.
My lease will be due in two months and I am looking to lease a Volt.
I went to a local dealer and they quoted me $299/mo with $2500 drive off and 12k/Yr. I think
I can do better than that, so I need your help. What are the best lease terms in Los Angeles area?
#319 of 482 Re: Looking for Best Lease in Los Angeles [sussan]
May 27, 2013 (4:47 pm)
I'm also in the market for the same car, in Los Angeles area, so quite curious to hear any answers to sussan's question.
#320 of 482 Re: Looking for Best Lease in Los Angeles [sussan]
May 27, 2013 (9:26 pm)
I don't know the LA market but I leased my Volt in San Diego at Courtesy Chevrolet. I'm paying $284/month including taxes, 39 month lease. Drive off was $3000, $1500 of which I got back on the California rebate, and 12K miles/year. I leased at end of the month where they were willing to give a good deal to make their sales quota. Loving my volt!
#321 of 482 Re: Looking for Best Lease in Los Angeles [sussan]
May 27, 2013 (10:30 pm)
I just posted my deal before your post, it was the best deal I could find in the LA area. Good luck.
#322 of 482 Re: Looking for Best Lease in Los Angeles [freeman3]
May 27, 2013 (10:34 pm)
The LA area dealers are giving a better deal just because the volume is higher here. My deal posted above didn't include the $1500 rebate which I'm still expecting to get in the mail hopefully. FYI, the cvrp fund just ran out, they are expecting more money but who knows. Look at the website, their funding is at $0.
When you post numbers, especially for leases, it's best to post the MSRP of the car you bought and mention if you had to buy any extended warranties, options or had a trade in, it gives a clearer picture of what you paid.
#323 of 482 Lease a Volt in Chicagoland
May 30, 2013 (7:43 am)
I have been reading this thread and it has been very helpful, however I am still a little confused. I am looking to go lease a Volt soon. I am in NW 'burbs of Chicago. My questions -
1. When leasing, do I negotiate the federal tax credit from the price of the car.
2. Is anything other than the sale price negotiable or is it fixed by the bank (money factor/ residual value etc)
3. Any other advice would be helpful
#324 of 482 Re: 2013 Volt Lease [moolman]
May 30, 2013 (10:39 am)
Thank you for your post. Most of the dealers claim they are the high volume dealer. Can you name the ones that gave you a good deal?
#325 of 482 Re: 2013 Chevy Volt [couchman57]
Jun 04, 2013 (2:34 pm)
Hi Couchman57. On lesses, the $7,500 tax credit goes to the bank, not the lessee, because the bank technically owns the vehicle. Ally, or whichever GM captive finance company you lease your Volt through, pockets the government tax credit and uses it to artificially inflate the Volt's residual value...lowering its payment.
Prices Paid: Buying & Leasing Experiences Forum
#326 of 482 Re: Lease a Volt in Chicagoland [rahulm]
Jun 04, 2013 (2:36 pm)
Greetings rahulm. On lesses, the $7,500 tax credit goes to the bank, not the lessee, because the bank technically owns the vehicle. Ally, or whichever GM captive finance company you lease your Volt through, pockets the government tax credit and uses it to artificially inflate the Volt's residual value...lowering its payment.
Dealers are sometimes allowed to mark vehicles' money factors up. I doubt that would happen on a Volt, but I suppose that it's possible. Other than that, the main negotiable aspect of your deal will be the vehicle's selling price.
Prices Paid: Buying & Leasing Experiences Forum