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.
Term: 24 Months
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
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
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!
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!!!