Last post on Nov 14, 2013 at 12:00 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Chevrolet Volt, Car Buying, Car Leasing, Sedan
#346 of 482 Is this a good Quote price and terms?
Jun 28, 2013 (2:26 pm)
Hi I just got this quote from a drealer. What are your thoughts on the pricing?
This is for a 2013 Chevrolet Volt with just the premium trim package. The color is cyber grey and the the interior is black
msrp $ 41,390.00
sale price $ 38,490.00
term $ 36.00
interest rate $ 1.05
rebates $ 5,250.00
down payment $ 1,000.00
residual .59% = $24,420.10
payment 294.88 pls tx = $323.78
license fees $ 230.50
doc fee $ 150.00
security deposit $ -
#347 of 482 Residual and Incentives
Jul 02, 2013 (2:03 pm)
I'm looking to lease a Volt for 36 months this month. I'm curious if anyone knows the current Residual and MF? I'm looking primarily for a 36 month lease with 15k. I live in Southern California if that makes a difference on Incentives.
#348 of 482 My SoCA deal today
Jul 06, 2013 (6:25 pm)
Picked up a Volt today in Los Angeles. Here are my numbers:
Sticker was $40,275
Gross cap cost $38,795
Adjusted cap $31,643
(Cap reduction was $7,400 - which was $5,250 in rebates to dealer and $2,150 in cash from me - BUT, my cash was $1,300 in drive off, incl first month, DMV, acquisition. So my true cash down was $850.)
Lease is 12k miles per year, 36 months.
Monthly is $220.00 and then tack on LA tax and total is $240.50.
Decent deal and and a pretty cool car so far!
(Oh yeah, also did the paperwork for the $1,500 California Clean Vehicle Rebate Program. That check comes directly to me. Will also get a carpool lane sticker in a couple weeks.)
#349 of 482 Re: My SoCA deal today [scdgoofy]
Jul 06, 2013 (11:03 pm)
That sounds like a good deal.
Which dealership in LA did you get the car from?
Can you explain how you had to pay $2150 in cash but your true cash down was only $850?
#350 of 482 Re: My SoCA deal today [sussan]
Jul 06, 2013 (11:48 pm)
Dealership was in Culver City.
The ad that drew me into the dealership (and also on their website) was $139 a month for 36 months with 10k miles per year. The ad stated $2,850 down required plus drive-offs, which they estimated to be $1,300. So, a great monthly price, but not so great at $4,150 out the door.
My offer was basically same lease factors with 12k miles per year and only $850 down plus drive-offs of $1,300 -- thus $2,150. So, my cap cost reduction was only $850... the rest would have been paid regardless (unless you built those into the cost of the monthly payments).
Ad (and "special pricing") is said to expire end of day on Monday 7/8, but who knows.
#351 of 482 Re: My SoCA deal today [scdgoofy]
Jul 07, 2013 (11:14 pm)
Thank you for the clarification. If you got $139/mo with 12k/yr. and $2150 total drive off, you did very well.
Did you get discount for having a competitor lease car?
Did you deal with their Internet department? Can I have his name? I don't want to get the run around.
Enjoy your new car.
#352 of 482 Re: My SoCA deal today [sussan]
Jul 07, 2013 (11:49 pm)
Perhaps the previous posts weren't clear, so here it goes: The local dealership ran an ad for base model Volt for $139/mo + tax + drive offs (approx $1,300) + $2,850 down for 10k miles per year. (Total out-the-door of $4,150.) Based on this ad, I went in to see what I could get.
I picked up a base model for $220/mo + tax + drive offs ($1,300) + $850 down for 12k miles per year. (My total drive off was $2,150.)
Both deals required top tier credit and both had $1,000 competitive lease discount. My deal closed through US Bank.
The deal you mention above ($139/mo, 12k, $2,150 drive off) doesn't exist anywhere.
#353 of 482 NOT planning on buying at end of lease
Jul 08, 2013 (1:03 pm)
This tread should be used for simple payment numbers. If you are 100% sure you are going to turn in your Volt at the end of the lease then only 5 things matter.
2. Out of pocket upfront fees
3. Miles per year
4. Added vehicle features.
5. Extras...mainteance free...etc.
This will help avoid confusion of down payments, fees, etc. To do this calculation take your money out of pocket and add it to your payment times number of monthss then divide by number of months.
I will start.
4. Leather wrapped steering wheel and heated seats.
5. 2 years maintenance included.
There was a post before this one looks like $299 a month for 12k miles per year. Base model.
#354 of 482 Current Lease Calculation
Jul 16, 2013 (11:48 am)
Could you tell me what the current money factor and residual is for a 2013 Volt, leasing for 36mo-12,000mi/yr?
Also, I'm seeing advertised from Chevrolet $4,000 off the MSRP listed as consumer cash. So, when negotiating the cap cost, should I also take off the $7,500 tax credit that the dealer (or is it Ally?) will get in the deal? Because I know I can't get that tax credit myself when leasing. Pleae help me understand how best to negotiate in a situation such as this.
#355 of 482 Please help a lease newbie!
Jul 19, 2013 (11:57 am)
I would like to lease a 2013 Volt, but there are so many factors currently involved I don’t know whose figures to trust. I have never leased a car. I read “10 Steps to Leasing a New Car,” and I have read recent forum posts here.
Other posts state that the $7,500 Federal Tax Credit should come off the Cap Cost/Purchase price as well as the $2,000 rebate (for lease, instead of $4k cash back for purchase).
Georgia also gives a $5,000 State Income Tax credit. Do I lose that by leasing or is there a way to apply that to the Cap Cost/Purchase Price?
Research on several web sites put the “haggle” discount at another $1,500-2,100 off the purchase price.
Please help me with direction to calculate a lease for the following.
$44,545. MSRP (all packages + Bose + Nav + polished wheels)
$2,000 Lease cash incentive (versus $4,000 Purchase incentive)
$7,500 Federal Tax Credit
$5,000 Georgia State Income Tax Credit
$2,000 “haggle” discount (is this still a fair discount?)
Purchase Price/CAP COST?
Sales tax is 6.5% - Atlanta, GA
36 month lease/ 10,000 miles per year
$0 down (or as little as possible)
.59 Is current Residual Value still 59%?
?? Current Money Factor/Interest Rate
I don't know how to use these these figures for a lease calculator. I'd like to be well prepared before I visit dealers this weekend.
Any help will be greatly appreciated!