Lease numbers

[CmdrA]

We leased the day after Fremont dropped their incentive to $1500 off MSRP. I didn't see much room to negotiate so focused on the numbers instead. The first estimate they came out with was way too high. I called it on them and they went back and used another program that came up with good numbers. We got the Premier with the infotainment package, DC charger, and Orange paint but not the safety package.
MSRP 43,410
Sale price 41,910
Del 595
Rebate 2500
(Down payment with 1st month and taxes/fees 2500)
Cap reduction 3680
Adj Cap cost 38,825
Cash Cap reduction 1180 (2500 down minus 1st month minus taxes on CCR minus 500 in tag/fees)
Residual 57% 24,744
APR 1.73
36 months 15k/year
DMV fees 384
CCR tax 340
title fees 118
-----
Base $437.66
tax $40.49
= Payment of $478.17

You can get better deals now, especially if you don't want the DC charger. Expect the car to be dead at the dealer and it will take them a day to charge. They delivered mine that evening with about 50 miles on it. I went to a DC charger to cap it up for about $20.

 

[Anonymous]

We went into both Fremont and Daily and were quoted almost identical lease deals on a premier. For 36 months total lease the total cost over $20,000. Apparently people are paying a premium for the Bolt. We passed at that cost.

 

[gpsman]

20,000 / 36 = $555
$2500 State Rebate -$70/mo = $475
$500 PG&E Rebate -$14/mo = $461

I spend $120/mo on gas. Work has free charging. -$120/mo = $341

$341/mo for a 36 month lease seems pretty reasonable to me.

Now, I am actually getting an LT with DCFC only.
I'll owe more like $15,000.
15,000 / 36 = $416

$416 - $70 -$14 -$120 = $212/mo effective payment on a 36 month lease.

 

[Aclint]

Fremont is offering Premier models for $1700 off MSRP. I just checked their website. And the LT models have a $269/month lease for 36 months.

 

[JupiterMoon]

Just my opinion but putting anything down on a lease is money thrown away. There is no recouping that if you have an unfortunate accident and the car gets totaled, etc...it's just a bad idea all around and money straight into the pockets of the dealership.

 

[LeftieBiker]

Just my opinion but putting anything down on a lease is money thrown away. There is no recouping that if you have an unfortunate accident and the car gets totaled, etc...it's just a bad idea all around and money straight into the pockets of the dealership.

Unfortunately, you tend to get a better deal if you put something down. I tell people to put down no more than they want to risk losing - usually $1-2k.