Sounds good right? Well, this is Texas. Get yer popcorn ready, son.
Since GM is losing its $7,500 Federal tax credit, I thought I would try to get a Chevy Bolt base (with Drivers Assistance pkg II). Knowing that some dealers are discounting up to $7,000 off now, I figured I can easily afford $300 a month payment to DD a Bolt. So there will be no trade-in and I will be just leasing. I test drove a Bolt in town, loved how sprightly car felt and drove, and decided shop for the best lease deals in town.
First dealer was about an hour away, and had $4,000 discount off MSRP:
Yes our Bolt Does have teh Drivers Confidence II package. As far as the lease goes the rebates in the email is for a purchase of the Bolt and the lease will provide other incentives I have worked up a lease for you on this Bolt and it comes out to $741 per month for 36 months and 30,000 miles with only first payment due at lease signing. This quote includes all taxes and registrations fees rolled in. If you wanted to put the TTL down at signing this will lower your payment as well.
General ManagerSince I have leased a BMW i3 before, I asked them if they could apply $7,500 that expired April 1 towards the money factor or cap cost reduction to reduce my payment, and they both replied that I had to obtain the Federal tax credit towards my income tax credit.Dear Mr. Wagon,
Currently there is a lease special from GM for well-qualified buyers. $449 a month for 39 months with $4,239 down plus TT&L. This is a low mileage lease though-36K miles a year.
Please let me know if you are interested. You may fill out your credit application here
So, while Chevy Bolt was compelling vehicle to drive, no one in Texas wants me to lease the Bolt for $750 a month. That's Mercedes Money, that's Chevy Corvette money, but not for Bolt.
Am I so cheap and crazy? Or dealers just don't know anything about how to lease an EV? I'm interested to see why they have no idea how to lease these things. Maybe they are disappointed that I'm looking at a Bolt instead of a $60K Silverado.
I know that car leases are terrible in Texas due to our insane tax laws, but come on. I can BUY a Model 3 for $750 a month. I currently have a quote of $675 a month to buy a brand new Audi A6 3.0T (with no money down). Having no enthusiasm towards selling a science project car is also evident in dealer's reactions too. I actually knew more about the Bolt than the salesman...during test drive, he told me that Bolt gets 500 miles range per charge. I should've left the dealership right then and there.
Tell me TFL, is $300 a month lease with just first payment down too much to ask on a Chevy Bolt? Am I the crazy one? Or should I just bite the bullet and get the Audi?