Forum Thread

2015 Chevy Spark EV Lease - $0 Down/$169-177 per month YMMV

SittingMoose 344 143 March 28, 2015 at 11:34 PM in Autos (2)
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Last Edited by cricket702 May 26, 2015 at 06:20 PM
UPDATE: PLEASE CHECK THE WIKI AS PRICES HAVE REDUCED!!!


Setting aside the Lease vs. Buy argument, this is a pretty good lease deal and comparable to the Fiat lease available in California and Oregon.

Keep in mind that they technically waive the first monthly payment, but likely recouped it with an inflated docs/taxes fee of $840 (for me). Some of you savvy negotiators can do a better job of negotiating that down.

Other tips:
  • The dealership I got it from was Jimmie Johnson's Kearny Mesa Chevrolet dealership. Sales agent was Rick White who was awesome. He moves a bit slow but was super honest since he told me of the lower lease offer and stuck to his guns the whole way through. Awesome dude. His direct line is 858-560-9008 and he's happy to help anyone else execute on this offer.
  • Check inventory at your dealerships first. While the sales agent said that you should have comparable lease deals for the other trim, technically this deal is for the base model...another dealership I spoke to refused to honor the deal for the higher trim (even though it wasn't that much more expensive), so some dealerships might try to get out of it on some stupid technicality.
  • The difference between the two trims is negligible...it's simply leatherette vs. their ugly entry level cloth seats and leather covered steering wheel.
  • This car has 4 doors vs. Fiat's 2 doors which is big for me...none of that moving the seat nonsense. It also has free Onstar for the life of the lease which is awesome. You can also get BringGo navigation for $50 for in-dash navigation on the touchscreen which is pretty solid. One negative is that you don't get free rental credits like you do with the Fiat...Fiat also throws in a free TomTom nav unit.
  • You also get a $500 rebate if you purchase a Level 2 (240V) charging station from Bosch. Spark EV customers only. 16 amp costs $450 and 30 amp costs $593 (faster charging): http://www.pluginnow.com/discount
  • Apparently San Joaquin Valley is offering a $3K rebate that the Spark EV qualifies for as well. If you live there, A. I hate you and B. you should definitely take advantage of that rebate.

I'll continue to add more information and more proof in a bit. Good luck!
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Community Wiki

Last Edited by KingUltra May 15, 2015 at 12:27 AM
Current Best Deals - These are the best prices people are reporting.

MAY

1) Post # 1737
$134.30/month, 36 months
$0 down and drive off, 12000 miles/yr
9.5% sales tax, 2LT DCFC

2) Rydell
$162 inc. tax, 36 months
2LT DCFC, 10K miles
$0 Drive off.

Thanks to the following Members who have no social life, and spend the whole day on this Thread..
~svsfan, KingUltra, nthydro, 52zeus, vinhboy, SittingMoose, invisib0lJiGG~


XS Wear & Tear Lease protection $500
----------------------------------------------------------------------

Bonus Benefits

$500 off a Bosch Level 2 Charging Station
https://slickdeals.net/f/7826003-bosch-level2-charger-for-for-recent-chevy-spark-purchasers-110-free-shipping-ymmv-expires-4-30

$750 LADWP Electric Vehicle Charger Rebate
https://www.ladwp.com/ladwp/faces...8795958143

----------------------------------------------------------------------

There is some confusion in thread about DCFC and fast charging.. hope this helps out some folks. there are three types of charging

1) Regular 110 V (with 8 and 12 amp) using regular cable which comes with car. Charges in 17 hours at 12amp. slower at default 8 amps. Known as Level 1 charger.
2) Level 2 charger 220V ($500 rebate from Bosch).. charges in 7 hours (same socket as (1)).
3) DCFC - Direct Current Fast Charger. charges in about half an hour. (uses extra two pins at bottom or regular socket. may or may not be in all cars. increases cost of car by $800-$1000) Very very few commerical places have this. Very very expensive charger and not found in normal homes or even offices.

Unless you are sure that you are going to use DCFC (in your office/any commerical location which has that charger) don't pay extra for it.

Chevy Spark EV Forum [mychevysparkev.com]
---------------------------------------------------------------------
April Deals

Camino Real Chevrolet in Monterey Park, CA
(Thanks to uptempo777 for finding the deal, and svsfan for providing the breakdown of payments)

2LT w DCFC $0 driveoff,
10k $104.77 ($107.34 black)
12k $113.12 ($115.77 black)
15k $129.81 ($132.60 black)

1LT w DCFC $0 driveoff
10k $99.31 ($102.11 black)
12k $107.54 ($110.41 black)
15k $123.99 ($127.01 black)

2LT w/o DCFC $0 driveoff
10k $96.14 ($98.72 black)
12k $104.26 ($106.91 black)
15k $120.49 ($123.28 black)

1LT w/o DCFC $0 driveoff
10k $90.72 ($93.33 black)
12k $98.71 ($101.39 black)
15k $114.70 ($117.52 black)

Includes 9% sales tax

City Chevrolet in San Diego, CA

2LT + DCFC
$134.55 / mo,
$0 out the door
15k mi

Community Chevrolet in Burbank, CA

2LT with DCFC
$0 out the door
$104/month (tax included)
Source: burnsg

Momentum Chevrolet in San Jose, CA

2LT + DCFC
10K miles
$2,500 "drive-off"
$70 per month (including tax)

15k miles
$0 drive-off
$130.88 including San Jose tax
Source: 52zeus

Maita Chevrolet in Elk Grove, CA

Black 2LT + DCFC
15k miles
$970 down
$125 a month

1LT + DCFC
15k miles
$970 down
$115 a month

Capitol Chevy in San Jose, CA
2LT + DCFC
10K miles
$600 "drive-off"
$122.xx per month (including tax)
----------------------------------------------------------------------

Not-so-good-anymore Old Deals

Capitol Chevrolet San Jose

2LT + FastCharger
$86/mo and $3995/down
$130/mo and $2500/down

1LT - no FastCharger (only light blue left)
$64/mo and $3995/down
$93/mo and $3000/down
$108/mo and $2500/down

Performance Chevrolet Sacramento

2LT + FastCharger
$92/mo and $2500/down

Premier Chevrolet Buena Park

2LT - no FastCharger
$95/mo and $2950/down

2LT + DCFC - April 2015
$92/mo and $2500 - 12K miles (Black Color with MSRP $29010)

Jimmie Johnson Kearny Mesa Chevrolet - April 2015

2LT - 15k/yr, DCFC
$149/mo + tax and 0 down, 39 months lease

Shady Dealers Shame list:
Winter Chevy - Pittsburg, CA -- Kept moving the price up throughout the day AFTER making agreement night before. 5/12 - Canceled
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#3
Pics or didn't happen Smilie j/k

So this lease is for 12000mi/yr?
Rep'd for finding this deal
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#4
Hi Moosey. Do you mind breaking down the numbers? For example, what was the agreed upon price of the car, residual value, etc.?
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#5
Quote from doboy007 View Post :
Pics or didn't happen Smilie j/k

So this lease is for 12000mi/yr?
Rep'd for finding this deal
Bahaha, thanks! And yes, 12K per year. Reps for keeping me company bro!
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Quote from SittingMoose View Post :
Bahaha, thanks! And yes, 12K per year. Reps for keeping me company bro!
Then for some this is almost the same price as the Fiat deal since it cost more to get the 12k for Fiat. You should include the dealership/sales person's info.

I personally prefer the looks of this car over Fiat and prefer 4 door
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Last edited by doboy007 March 28, 2015 at 11:48 PM.
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Quote from invisib0lJiGG View Post :
Hi Moosey. Do you mind breaking down the numbers? For example, what was the agreed upon price of the car, residual value, etc.?
Hey Invisb0! I'm going to apologize because I normally don't pay attention to that stuff so apologies if this isn't correct:

Residual: 51% I believe.

Agreed price: $25,200

Acquisition fee: $595

Doc Fee: $80

Cap Fees: $271

Cap Taxes: $547.59

Total Rebates: $6,282.89 from GM. DOES NOT INCLUDE $2,500 California rebate...
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Quote from SittingMoose View Post :
Bahaha, thanks! And yes, 12K per year. Reps for keeping me company bro!
Sorry to keep bothering you, but did you try to get a lower lease with 10k mi instead? I would prob drive 6000-7000/yr
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#9
Quote from SittingMoose View Post :
Keep in mind that they technically waive the first monthly payment, but likely recouped it with an inflated docs/taxes fee of $840 (for me). Some of you savvy negotiators can do a better job of negotiating that down.
Just so you (and others) know, document fees are non-negotiable. They are set by the states and the dealerships would get in a lot of trouble if they waived that charge. In CA, the doc fee is capped at $80.

However, as you somewhat alluded to, one can negotiate a large document fee down by asking for a reduction in the price of the car itself and not "I want a discount on my doc fee."
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#10
What is the range on full charge vs Fiat 500e?
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#11
Do the math. You can purchase a used one with 30k miles coming off lease for 10k. In 3 years, for the same amount, you would've paid off $6400 on it. You can most certainly get at LEAST 6 grand+ in resale value. Assuming the worst, you lose 4 grand versus losing 6400 from a lease. You won't be doing much maintenance on a fairly new vehicle, considering it doesn't even use motor oil. You get unlimited mileage, and you can baby it or not.
Yes we're talking different year models, but losing $6400+ on a CHEVY EV with a cap of 12k miles? Might as well purchase a used Mercedes.
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Last edited by DIVAD March 28, 2015 at 11:58 PM.
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#12
Quote from doboy007 View Post :
Sorry to keep bothering you, but did you try to get a lower lease with 10k mi instead? I would prob drive 6000-7000/yr
I did but price difference was like $7 a month. You might be able to swing a better discount. I doubt I'll come even close to 12K but I still took it because I felt it was negligible.

Quote from cupertino View Post :
What is the range on full charge vs Fiat 500e?
Comparable...about 80-85 miles...I think Fiat gets 85-90, so slightly better.
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Last edited by SittingMoose March 28, 2015 at 11:57 PM. Reason: Automerged Doublepost
#13
Quote from DIVAD View Post :
Do the math. You can purchase a used one with 30k miles coming off lease for 10k. In 3 years, for the same amount, you would've paid off $6400 on it. You can most certainly get at LEAST 6 grand+ in resale value. Assuming the worst, you lose 4 grand versus losing 6400 from a lease. You won't be doing much maintenance on a fairly new vehicle, considering it doesn't even use motor oil. You get unlimited mileage, and you can baby it or not.
Where?
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Quote from DIVAD View Post :
Do the math. You can purchase a used one with 30k miles coming off lease for 10k. In 3 years, for the same amount, you would've paid off $6400 on it. You can most certainly get at LEAST 6 grand+ in resale value. Assuming the worst, you lose 4 grand versus losing 6400 from a lease. You won't be doing much maintenance on a fairly new vehicle, considering it doesn't even use motor oil. You get unlimited mileage, and you can baby it or not.
Actually with the $2,500 it becomes around $4K. I get what you're saying, you're effectively paying a premium for short-term ownership. This isn't an argument about which is the most cost-effective ownership model...I prefer leasing, especially when it comes to new technology that will likely get replaced by something better in the future. Hell, GM has already announced the 200 mi. charge Chevy Bolt. Tesla's making one that's even cheaper and more cars are going to come out in that time frame...
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Quote from SittingMoose View Post :
Actually with the $2,500 it becomes around $4K. I get what you're saying, you're effectively paying a premium for short-term ownership. This isn't an argument about which is the most cost-effective ownership model...I prefer leasing, especially when it comes to new technology that will likely get replaced by something better in the future. Hell, GM has already announced the 200 mi. charge Chevy Bolt. Tesla's making one that's even cheaper and more cars are going to come out in that time frame...
Yeah not worth buying an EV at this time especially with these cheap leases. Never leased any of my previous cars, but would for an EV.
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