Citation
Posts: 2
Joined: Sun Jul 29, 2018 12:55 am

Need help with leasing numbers in the bay area

Sun Jul 29, 2018 1:01 am

I would need your folks input on a fully loaded bolt premium for 43905 MSRP.

So far I have negotiated

- 3 year lease / 12k Miles a year
- 300 dollars a month including taxes
- 6400 dollars drive off (all inclusive)

Do these numbers sound like a great deal? Anyone that can share some lease info on their end so I can compare how my numbers are since I am new to leasing. Is there anything else I need to watch out for on the lease?

I appreciate everyone’s input that has some feedback on this. Thx


SparkE
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Joined: Sun Sep 11, 2016 5:53 am
Location: SF Bay Area

Re: Need help with leasing numbers in the bay area

Sun Jul 29, 2018 5:26 am

Compare to : http://ev-vin.blogspot.com/

Since you didn't bother saying where you live, nobody can tell you if it's a good deal or not (deals vary greatly by state).

AyeJay
Posts: 23
Joined: Sun Oct 15, 2017 9:57 pm

Re: Need help with leasing numbers in the bay area

Sun Jul 29, 2018 7:43 am

My lease has a $600 processing fee at the end which seems a bit high for the damage inspection, etc... grrrr!

AJ
- 2017 Bolt EV LT ~ (2015 KIA Soul EV previously)
- 1982 VW Rabbit (Caddy) TDI Pickup

Sperling3
Posts: 28
Joined: Mon Nov 27, 2017 4:14 pm

Re: Need help with leasing numbers in the bay area

Sun Jul 29, 2018 4:49 pm

Seems a little high. I leased a fully loaded Premier from Dublin Chevrolet for $399/mo including taxes for 36 months and 45k miles. Drive-off was $1,800 (compared to your $6,400). Figuring (roughly) that $5400 of your down payment reduces the monthly payment by $150, it seems kind of a high lease cost.

DucRider
Posts: 589
Joined: Tue Feb 09, 2016 5:25 pm

Re: Need help with leasing numbers in the bay area

Sun Jul 29, 2018 8:07 pm

Sperling3 wrote:Seems a little high. I leased a fully loaded Premier from Dublin Chevrolet for $399/mo including taxes for 36 months and 45k miles. Drive-off was $1,800 (compared to your $6,400). Figuring (roughly) that $5400 of your down payment reduces the monthly payment by $150, it seems kind of a high lease cost.

Once again, location is everything (and not near enough info in the post).
Bay area dealers have lot's of inventory, move big volume, and get incentives from GM.
The OP may be in an area where there are only one or two Bolt's anywhere near them.

What is the "agreed upon price"?
How much CCR is being offered?
What is the residual (% and/or $)
What is the MF?
What is the Tax rate? Is it applied to the entire purchase price? Or only to the lease payments?
Any junk fees rolled in?
Gary

2014 Honda Fit EV - lease ends Jan 2019

SparkE
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Joined: Sun Sep 11, 2016 5:53 am
Location: SF Bay Area

Re: Need help with leasing numbers in the bay area

Sun Jul 29, 2018 9:39 pm

Looking at http://ev-vin.blogspot.com/ , it looks like Dailey Chevy and Fremont Chevy both offer better deals (but for 10K annual miles).

Both have offers with 'true cost' (full payments divided by # of months) around $355/$360 per month. (Dailey has $500 down, $350/mo, and Fremont has $6K down and $200/mo).

Fremont, Momentum (in San Jose), and Capitol (also in SJ) seem to move a lot of them, and have decent prices, if you know how to haggle.

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paulgipe
Posts: 124
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Location: Bakersfield, California 93305
Contact: Website

Re: Need help with leasing numbers in the bay area

Mon Jul 30, 2018 12:13 am

Agree with SparkE I only look at total cost of ownership--and I learned that from these forums.

Total costs over 36 months. That's the only way to compare. vin-blogspot does most of the work for you. Use it, but remember he has to strip out costs and add costs back in to make all the offers comparable.

Paul
Our total costs for an LT with DCFC, heated seats, and some safety stuff, 10,000 miles/yr, was $250.00/mo. No one is offering that deal right now.
Paul Gipe
2017 Bolt LT with DCFC, leased 11/09/17
2015 Nissan S with QC, leased, returned
2013 Chevy Volt Premium, used, sold
L2; ClipperCreek HCS-40; Jesla; JDapter Stub
www.wind-works.org

SparkE
Moderator
Posts: 966
Joined: Sun Sep 11, 2016 5:53 am
Location: SF Bay Area

Re: Need help with leasing numbers in the bay area

Tue Jul 31, 2018 4:14 am

There *might* be deals available in late 2018, after (if) the 2019 model year is available in the last few months of 2018 AND there are still 2018s available. That happened in the beginning of 2018 when all the remaining 2017s got discounted once the 2018s started shipping.

Disadvantage : you have to chose from what's still available.

Campfamily
Posts: 25
Joined: Fri Oct 27, 2017 2:19 pm

Re: Need help with leasing numbers in the bay area

Tue Jul 31, 2018 1:55 pm

I've been working with a number of Chevy dealers here in the SoCal area to try to find a decent lease deal, and so far the best I've found has been in the low 400's with zero down. None of the dealers are really doing any kind of big discounts, and the GM rebates are pretty skimpy as well. Nothing like the crazy deals I saw at the end of 2017. I'm in no hurry to switch EVs, not until the end of the year when my carpool lane sticker expires, so here's to hoping that what you say is true and there are a bunch of leftover 2018s that the dealers will be willing to make good deals on.

Keith
Current Ford Focus Electric Owner (since May 2015, 35,000+ miles)
Potential Chevy Bolt Owner (considering upgrade)

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