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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 2 of 32

#9 of 315 Volt Lease Deal by melram

Nov 21, 2011 (7:22 pm)

Car_man
 
Could you give me your opinion on this lease deal for 2012 Chevy Volt. Just got back from the dealer and trying to back into the payments to evaluate the deal. The dealer claims its $1,000 under MSRP.
 
$46,165 MRSP (includes $850 for destination charge)
$1395 Due signing
62% Residual
12,000 miles per year
36 month lease
$579 per month + tax
(did not get the money factor)
Lease is through Ally bank
 
Thanks for your help
Mel

#10 of 315 Re: Volt Monthly Payment [Car_man] by nyprius

Nov 22, 2011 (8:45 am)

Replying to: Car_man (Nov 21, 2011 4:57 pm)
Thanks for the reply.
The invoice price is 42,025 and the MSRP is 44,080.
Thanks
EM
As for the NYPrius I have a Prius since 2006 and belong to Priuschat.com

#11 of 315 Re: Volt Lease Deal [melram] by Car_man HOST

Dec 05, 2011 (5:42 pm)

Replying to: melram (Nov 21, 2011 7:22 pm)
Hi Mel. I'm really not all that familiar with what the market is like for the Volt right now. Obviously they were initially going for full MSRP, but they have gotten some negative publicity lately so perhaps they are going for a little less than that now. To me, a $1,000 discount sounds reasonable. Just make sure that the dealer uses Ally's current base lease rate of 1.1% to calculate your payment. Just make sure that the dealer takes the tax credit into account if its still available.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#12 of 315 Re: Volt Monthly Payment [nyprius] by Car_man HOST

Dec 05, 2011 (5:47 pm)

Replying to: nyprius (Nov 22, 2011 8:45 am)
Thanks for the additional information nyprius. According to my calculations, if you were to lease a 2012 Chevrolet Volt that has an MSRP of $44,080 and a selling price of say $43,080 through Ally right now for 36 months with 15,000 miles pr year, your zero down, pre-tax monthly payment would be around $494.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#13 of 315 January Lease Rates by melram

Jan 08, 2012 (8:16 pm)

Carman,
 
can you please provide the money factor and residual % for 2012 volt with premium trim package and navigation. Lease would be 36 month/36,000 mile lease.
 
Thanks
Mel

#14 of 315 Car_man and others, Volt Lease question for you. by basamx

Jan 12, 2012 (8:51 pm)

Car_man,
 
I'm thinking of leasing a 2012 Chevy Volt and using my Calc my monthly payment on a 46,165 MSRP and say a 45,165 purchase price with a 62% residual and 0.00045 Money Factor (1%) would be around $492.72 a month plus tax. I'm trying to get a hold of this Tax Incentive though. If Chevy is rolling the incentive into the lease, wouldn't it be money down? Which would bring the month payment down to $281 a month.
 
Otherwise I would rather just apply for the tax credit at tax time and pay the $492 a month and get a $7,500 check from Uncle Sam in 2013.

#15 of 315 Re: Car_man and others, Volt Lease question for you. [basamx] by melram

Jan 13, 2012 (5:49 am)

Replying to: basamx (Jan 12, 2012 8:51 pm)
Basamx,
 
I have also asked the same question in the past. It appears the $7500 tax credit is added to the residual price on a lease. My guess is the 62% residual would include your $7500 tax credit. That is how the sales person explained it to me.
 
How much money down do they want?
 
Thanks
Melram

#16 of 315 Re: Car_man and others, Volt Lease question for you. [melram] by basamx

Jan 13, 2012 (10:53 am)

Replying to: melram (Jan 13, 2012 5:49 am)
Melram,
 
I called and spoke with a Dealer today. US Bank uses a 43% residual and a 1.32% rate, then adds the $7,500 back in. Ally just uses a 60% residual and a 1.1% rate. Since the Lease company actually bought the car, they take the $7,500, but play with the residuals to give you a small piece of it.
 
This kind of SUCKS, because back when you could get a deduction on Hybrids, it didn't matter if you bought or leased the car. Also, I have to figure out how the tax credit plays back into the purchase price at the end of the lease.

#17 of 315 Re: January Lease Rates [melram] by Car_man HOST

Jan 15, 2012 (11:30 am)

Replying to: melram (Jan 08, 2012 8:16 pm)
Here you go melram. Ally's current base lease rate and residual value for a 36-month lease of a 2012 Chevrolet Volt with navigation and 12,000 miles per year are 1.1% and 61%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#18 of 315 Volt Lease Offer by brunof

Jan 24, 2012 (5:00 pm)

Hello CarMan.
 
I can't understand how you find the time to do any of this... hundreds / thousands of posts... ???
My appreciation for this resource and your input is immeasurable.
 
Here's the offer:
2012 Volt Lease MSRP 42085
Sale Price 40386
 
Finance Rebate of 2075
 
36 month / 15k per year
 
With 2000 OOP cap cost reduction, monthly + tax = $386
 
Based on these numbers, residual appears to be 43% (7500 credit added on top of that?) and .00045 MF
 
Not sure what his DMV or Doc fees are but I think they may be rolled in. Waiting on buyout.
 
Thanks again for all your hard work.

Messages Page 2 of 32

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