2017 Chevy Equinox LS lease: potentially $116/month, $0 down!
Thread DetailsLast Edited by wuzzy October 14, 2016 at 09:10 AM
***This also requires that you were a Costco member as of 30 September...otherwise you don't qualify for the $700 Costco giftcard.
Here are the numbers for a 24 month/10k mile lease for a LS in Maryland:
Money factor/MF: .0007 (1.68%)
Base lease cash: $1,700
Incremental CCR: $750 (may be regional)
Lease conquest incentive of $1,500 effective 12 - 31 Oct ($500 lease loyalty incentive available in lieu of conquest)
If you can find a unit with a bonus tag, that is worth another $750 on a lease.
Plus the $700 Costco card of course.
Assuming you find a unit with a $750 bonus tag, combined with the $1,700 base lease cash + $750 incremental CCR +$ 1,500 lease conquest incentive, that's $4,700 in total incentives, and we get the following numbers for a MSRP $26,555 LS unit in MD:
'17 LS @ $26,555/24 months/10k miles:
MF: .0007 (waive the $595 acq fee for a .00125 MF, resulting in ~$3/month savings)
Buyout price: $17,791.85
Final monthly payment: $185.07 ($300 MD doc fee and $279 MD tag/title fee included as well as full MD tax)
Toss in a $500 farm bureau rebate if you are eligible and the monthly becomes $163.61.
Factor in the $700 Costco card, and the effective monthly goes down to $134.45!
Finally, if you are in a state that doesn't tax the whole sale price of the car like MD, a state with a 6% tax rate would have a final effective monthly payment of around $116, give or take a few bucks and assuming you qualify for all possible rebates/incentives.
As always, your mileage will vary, but a screaming deal may be out there for the taking!