Popular Deal

2016 Chevy Cruze Limited 1LT Automatic for $37/Month (or less) and $0 Down

RandyJStark 160 100 December 16, 2015 at 04:54 AM in Cars (6)
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Deal
Score
+105
218,700 Views
See Deal
$37.00

Deal Details

Last Edited by RandyJStark December 29, 2015 at 06:41 PM
From leasehackr.com

If you own a Chevy Volt and are a Costco member, there are some CRAZY incentives being offering by Chevy for a 24 month lease on a 2016 Chevy Cruze Limited 1LT Automatic. If you have a current lease in the household and don't own a VOLT, you can take advantage of a 1500 lease conquest incentive instead of the 2500 volt loyalty incentive... The trick to this is that you must find a bonus tagged car and have a dealer willing to deal - strive for a sale price of 10-11% off MSRP before incentives.

To do this, visit Chevy's site here [chevrolet.com], search by trim: "1LT Automatic" and then look for dealers that have cars with a red box that says "Chevy Holiday Bonus" tag. Contact the dealer or visit in person to test drive and show you are serious, as they will be more likely to work on a great deal. Let them know you are shopping "selling price" and that you are looking at a selling price before incentives. Do not mention you are leasing or looking for a specific "monthly payment."

For more information and help, visit LeaseHackr [leasehackr.com] or the following forum on GM-Volt.com [gm-volt.com]
Total incentives that apply to the lease of these vehicles total nearly 7k and are as follows:

GM Financial CCR $1,700
Incremental Bonus Customer Cash $1,075
Chevrolet Bonus Cash (16-40AK:0) $1,000
GM Volt Loyalty Conquest Cash $2,500 (or 1500 if you have competitor lease)
Costco Card (if Business Elite member) $700 - must register at Cosco site.
Total Incentives $6,975

The Costco card comes in the mail after the sale and helps to sweeten the deal and can lower your effective monthly payment. You must register for the promo on Costco's site [costcoauto.com] for the holiday promotion to be eligible for the gift card AND the supplier pricing.

Lease Info:
Term: 24 Months
Residual: 63%
MF: .0004 (add .00055 if waiving Acq. Fee)
Acq. Fee: 595 or waived by increasing MF
Miles: 10k/yr (reduce residual by 1% if 12k)
Tax/Tags: Varies by state

My Deal:
MSRP: $21,835
Sell: $21,153.86 (Costco supplier pricing)
Term: 24 Months
Residual: 62% (12k/yr)
Miles: 12k/yr 24k total
MF: .00095 (waived Acq. Fee - .0004 + .00055)Acq. Fee: 0
Miles: 12k/yr
Dealer covered tags/title/doc fees with a ~1800 capitalized cost reduction

Total Incentives: 6,275
Disposition Fee: N/A - paperwork says no disposition fee!
Upfront cost: $0.00 - Dealer covered with ~1800 cap cost reduction as "good will"

Payment: 23 @ $29.40 (with 9% state sales tax included) = $676.20 in TOTAL payments

If I subtract the $700 Cosco card, my effective cost over the entire lease is -$23.80, a money maker. Chevy paid me to take this car off their hands for two years, which is crazy! Leasing may not be for everyone, so haters move on - please feel free to add information to the wiki to help others out!
[B]

Edit 12/19/2015 - Picked up two additional cars today (one for my brother and one for me) with MSRP's of 23,470 and 23,260 both with $0 out of pocket and 23 payments @ $29.40 = $676.2 before $700 Costco rebate. The deal is still alive if you do your homework and find a few dealers to work with!!!
Share
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
About the OP
Give Rep Send Message
Joined Apr 2006 L3: Novice
100 Reputation Points
15 Deals Posted
30 Votes Submitted
160 Comments Posted

Community Wiki

Last Edited by DanCar January 23, 2016 at 07:16 PM
This deal is no longer available.

Resources:
LeaseHackr [leasehackr.com]
GM-Volt Forums [gm-volt.com]
A similar deal might be had on a Malibu, see LeaseHackr's post here [leasehackr.com]

No Volt Lease = $2500 more = ~$104 more per month = $141 per month instead of $37
No non-GM Lease = $1500 more = ~$63 more per month = $100 per month instead of $37

Costco Executive member - $700 cashback. Otherwise, $300 cashback
Only Costco members with a current membership by September 30, 2015, are eligible for the GM Holiday Sales Event.

Was able to piece together OP's file so that the click didn't take you to GM.com. Remove if inappropriate.

If you or any member of your household is a Farm Bureau member in certain states, you can print a certificate for $500 that applies to the Cruise (Other GM vehicles, too). Check your state's FB website to determine eligibility! Good luck!!

OP EDIT: Added smaller JPG of purchase contract.

723 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

#3
that is an awesome deal to bad I do not have a volt or even a Chevy...
Reply Helpful Comment? 0 0
#4
Are the cruzes nice cars?
Reply Helpful Comment? 0 0
#5
I would say not really. One of the cheaper cars on the road but for that price who cares?
Reply Helpful Comment? 0 1
Joined Jul 2007
Extreme Deal Seeker
484 Posts
261 Reputation
Pro
#6
Quote from Jintty View Post :
Are the cruzes nice cars?
It's their compact, so the replacement for the cavalier of days past.

The 1LT is the lowest trim, so it's a budget car. But for $37/month (if you can replicate), there's not much to lose here.
Reply Helpful Comment? 0 0
#7
this auto lease costs less than an iphone lol
is there any way to get this without having a volt already?
Reply Helpful Comment? 0 0
#8
Curses i have an LG volt!

Should put if you have a chevy volt in the subject line or whatever that line is called.
Reply Helpful Comment? 0 0
#9
Quote from techno077 View Post :
this auto lease costs less than an iphone lol
is there any way to get this without having a volt already?
No Volt = $2500 more = ~$104 more per month = $141 per month instead of $37
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

#10
that is a great deal. if only it didnt require a volt for the $2500 incentive. without the incentive, the lease would effectively be $2500/24 months more or $104.17 per month extra; if i under stand leasing correctly, which i probably don't. what if i trade in my clunker??? can i justify the lease then?

Quote from RonPaulFan View Post :
No Volt = $2500 more = ~$104 more per month = $141 per month instead of $37
beat me to it. i was just typing away.
Reply Helpful Comment? 0 0
Last edited by butwhydoitalk2u December 16, 2015 at 05:25 AM
#11
I actually meet these circumstances although I don't need another car, maybe I'll check it out. Thanks
Reply Helpful Comment? 0 0
Last edited by SephirothWGP December 16, 2015 at 05:31 AM
Joined Apr 2006
L3: Novice
160 Posts
100 Reputation
Original Poster
#12
If you have a current lease in the household and don't own a volt, you can take advantage of a competitor (non GM) 1500 lease conquest incentive instead of the 2500 volt loyalty incentive....
Reply Helpful Comment? 0 0
Last edited by RandyJStark December 16, 2015 at 05:33 AM
#13
Quote from RandyJStark View Post :
If you have a current lease in the household and don't own a volt, you can take advantage of a 1500 lease conquest incentive instead of the 2500 volt loyalty incentive....
Redoing calculations

No Chevy Lease = $2500 more = ~$104 more per month = $141 per month instead of $37

No Volt Lease = $1000 more = ~$42 more per month = $79 per month instead of $37
Reply Helpful Comment? 0 0
#14
Quote from RandyJStark View Post :
If you have a current lease in the household and don't own a volt, you can take advantage of a competitor (non GM) 1500 lease conquest incentive instead of the 2500 volt loyalty incentive....
i do have a lease but it's the wife's and this would have to be far superior to her current car to get rid of and we just signed about 4 months ago so there's that too. but for this price point, i am really thinking of replacing my daily driver. it's effectively cheaper than replacing what i need to: tires, oil, battery, and serpentine belt.
Reply Helpful Comment? 0 0
#15
Quote from Jintty View Post :
Are the cruzes nice cars?
No. Typical low level GM POS. vomit
Expensive as well.

Quote from techno077 View Post :
this auto lease costs less than an iphone lol
is there any way to get this without having a volt already?
Tells you more about the sensibility of leasing an iPhone... shake head
Reply Helpful Comment? 0 2
Last edited by zhopa December 16, 2015 at 05:37 AM
Page 1 of 49
1 2 3 4 5
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard