michael wrote:359 plus tax is too high for an LT, that's true. Keep shopping. We paid 350 including tax for a Premier with options, 15K miles, zero down, zero driveaway.
Thank you for that reply. Which state did you lease the Premier with options for $350, zero down, zero drive-off, 15k miles?
michael wrote:But a Bolt is going to be more than a Leaf because they are not the same class of car. A 2016 Leaf is obsolete by comparison, they can barely give them away.
The numbers above are the actual numbers for the 2016 Leaf SV I leased in 2016, at that time it was not obsolete, but quite the opposite, the best non-Tesla electric car on the market.
Just when it comes to lease prices, the Bolt does non necessarily have to be more expensive then the $2000 drive-off, $160/mo with 15k/yr that I paid for the Leaf back then. Or my Leaf would have been about $220/mo with zero drive-off instead, in case I'd rather had chosen zero drive off. Just take the other reply, who just reported $250/mo with zero drive-off for a fully loaded Bolt Premier on Dec 27 at Quirk Chevy. $250/mo is not so different than $220/mo. And for an LT with QC, not a fully loaded Premier (I do not like leather, why kill animals?), then it seems like it might have also been $220/mo with zero down and 15k, or even less. So just when it comes to leasing, the Bolt does not need to be more expensive than the Leaf. That also makes sense, as the Leaf residual is about 30%, while the Bolt residual is about 58%. So for a Leaf, you need to pay for 70% of the car's purchase price during a 3 year lease, while during a 3 year Bolt lease, you only need to pay for 42% of the Bolt purchase price. Between a $34k Leaf SV and a $37k Bolt LT, 42% of $37k should be less than 70% of $34k. But GM Financial does not forward the full $7.5k they get from the federal government to the consumer, actually in my quote I just received it just gives $1.5k to the consumer, and pockets $6k, which makes it a great deal for them, and which I think is outrageous for the consumer. That of course makes it more difficult, to get to a similar lease rate, compared to NMAC giving the full $7.5k or more to the consumer, even though with the Bolt you just need to come up with 42% for the lease price, while with the Leaf for a lease you need to cover 70% of the purchase price.