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2015 Chevy Spark EV (2LT) Lease - $69/mo (net over 36-mo term) -CA Only (SF Bay Area, ideally)

ShengD 2,440 1,671 November 22, 2015 at 03:11 PM in Autos (4)
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Last Edited by ShengD November 22, 2015 at 03:22 PM
I've been in the market for a commuter EV for the past couple years, and have watched a few great deals come and go in that time. As I recall, the last great deal was in the Spring time for $72/mo after all incentives. I just drove off for $69.82 (all-inclusive: tax, tag, title, rebate).


My deal was cobbled together from a couple competing promos, so feel free to use it for guidance. Also, my agent agreed to let me share it so I'll add his info at the end of the post (I have no affiliation with the agent or dealership and have been a very long-time SD contributor. So please consider this help for SF Bay Area folks, not spam.) I'm not sure how this deal works outside CA (since there's a state rebate involved), so consider it CA-only.


Although I'm pretty sure this deal is a great one, it is my first lease so feel free to ask follow-ups:
  • $109/mo (x35) - 36 mo lease
  • $1200 drive-off (tax, tag, fees, title, first month)
  • -$2500 CA rebate
  • =$2515
$2515/36 = $69.82/mo


If you're interested in replicating this deal easily, my agent was Luis Diaz at Capitol Chevrolet in San Jose, CA (408-489-7334). I have been recently car shopping and met with many dealers. I really mean it when I recommend sticking with Luis. He (and his partner Ian) were extraordinarily helpful for me.


For reference
This is their listed deal (lower rate, but higher drive-off, and this is only the 1LT): Link [capitolchevysj.com]
Here is the Dublin Chevrolet deal used as comp for building this deal. Although it looks better, it doesn't include tax, title, etc: Link [dublinchevrolet.com]
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Last Edited by KingUltra November 28, 2015 at 05:24 PM
Info from April 2015 Deal:
April's Deal

Current deal by OP:
36 Month Lease, 10K miles, 2LT DCFC
$109/mo (x35) = $3,815
$1200 drive-off (tax, tag, fees, title, first month)
-$2500 CA rebate
=$2515
$2515
/36
= $69.82 month

Previous Deal:
36 Month Lease, 10K miles, 2LT DCFC
$104.77/mo (x35) = $3,666
$0 drive-off (tax, tag, fees, title, first month)
-$2500 CA rebate
=$1,166
/36
= $32.38 month
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92 Comments

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#3
can some one link the previous lease deals of volt etc in wiki?
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Last edited by SlidingBike November 22, 2015 at 03:47 PM
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#4
Quote from SlidingBike View Post :
does some one link the previous lease deals of volt etc in wiki?
Sorry, I don't quire understand your question. What about the Volt?
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#5
Can you share more details of lease? gross cap cost, cap reduction, residual, etc?

Last time we all shared our leases and that made the deal a lot easier to manage.

A scan of your lease would be really helpful.

Thanks.
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Last edited by vinhboy November 22, 2015 at 03:54 PM
#6
can this be purchased and shipped to another state or do you lose the rebate?
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#7
Quote from ShengD View Post :
Sorry, I don't quire understand your question. What about the Volt?
I was asking for this link: http://slickdeals.net/f/7761021-2015-chevy-spark-ev-lease-0-down-169-177-per-month-ymmv?src=SiteSearchV2
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#8
Not bad. I wish there were Spark EV's near me. I've been trying to get the 0 down $139/month deal for a few months now.
BTW, as far as 'outside CA', the spark EV is only sold in 3 states.
OR
CA
MD
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#9
Was this for 10k miles?
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#10
Sorry for the noob questions. I'm in San Jose. The $2500 CA rebate doesn't depend on how much you owe in taxes or get refund. Correct? I will jump on this if it's around $70 per month for 36 months. Do I call Luis directly on that number? Do you know if the deal is good until this wknd?
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Last edited by swiftsmile12 November 22, 2015 at 09:39 PM
#11
If this was in Sacramento I would be totally down!
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#12
Just a quick update - another friend of mine went in this weekend and ended up with an LT1 (not the LT2 as in my original post). As far as I can tell, the only difference is leather-trim seats (not a big deal for me). He ended up with a slightly better deal as well: $63/mo. I'm pretty sure they have more LT2'ss in stock at Capitol Chevy, but I'm not sure about LT1's. But certainly give it a shot if you'd like! (LT1 also comes with On-Star for 3yrs, which I didn't realize)


Ah, I see. From a quick glance at that link, the total cost of ownership for the LT2 (assuming all tax, tag, reg fees are included) is $162*36 -$2500 = $3332 -> $92.5/mo.
Quote from goofhead9 View Post :
Was this for 10k miles?
Yes, 10k miles. Since this is below the threshold I'll need for a second car, I didn't ask about increasing that.
Quote from swiftsmile12 View Post :
Sorry for the noob questions. I'm in San Jose. The $2500 CA rebate doesn't depend on how much you owe in taxes or get refund. Correct? I will jump on this if it's around $70 per month for 36 months. Do I call Luis directly on that number? Do you know if the deal is good until this wknd?
The refund is $2500 unless your income is quite substandial ($250k single, $500k married). If you are below 300% of the federal poverty level, it actually increases to $4k rebate.
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#13
Quote from ShengD View Post :
The refund is $2500 unless your income is quite substandial ($250k single, $500k married). If you are below 300% of the federal poverty level, it actually increases to $4k rebate.
Thanks. Made an appointment for today. Do you know if the cars come with HOV sticker? Is it done online or at the dealership?
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#14
I thought tax is charged monthly? You can pay all of it upfront as part of the $1200 down? Wouldn't it be $109 + ~9% tax, then you subtract all the rebates/down payment? Also, does it come with the optional DC charger?
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#15
Quote from swiftsmile12 View Post :
Thanks. Made an appointment for today. Do you know if the cars come with HOV sticker? Is it done online or at the dealership?
I don't think they auto-apply for the Spark EVs. Previously they pre-applied for Volts when I was in the market for that, but I think the Spark EV will be up to us.
Quote from SlickDiu View Post :
I thought tax is charged monthly? You can pay all of it upfront as part of the $1200 down? Wouldn't it be $109 + ~9% tax, then you subtract all the rebates/down payment? Also, does it come with the optional DC charger?
Good question about the monthly rate. I included the base + tax in my original post. The base rate is $99/mo. $109 includes tax (both listed in the paperwork). I'm not sure if the tax rate for cars is different than sales tax though, because it would seem that $99 base -> $107.66 (with 8.75% tax).


I didn't request a charger because I can't install it at my apartment complex (luckily we have chargers at my office). But he did mention that a charger would be ~$500 with $500 rebate - but customer must pay for installation.
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