Buy or lease new Bolt??? - Chevy Bolt EV Forum
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post #1 of 92 (permalink) Old 11-21-2016, 02:31 PM Thread Starter
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Buy or lease new Bolt???

I've been leasing my 2013 Leaf and now wonder if I should lease or buy the Bolt. Any advice?

My very attractive Leaf lease resulted in my net costs for the car being around $25 bucks a month considering gas savings. I wonder what Chevy will offer.
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post #2 of 92 (permalink) Old 11-21-2016, 03:24 PM
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Leasing would be the only way I get the full tax credit, as I'm retired. Leasing an EV is usually better, as you get to delay the decision about whether or not to own it until after you've driven it for several years. Buying sometimes offers discounts not available for leasing.
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post #3 of 92 (permalink) Old 11-21-2016, 03:35 PM
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post #4 of 92 (permalink) Old 11-22-2016, 09:07 AM
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Really depends on you; do you plan to keep the Bolt for years to come?
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post #5 of 92 (permalink) Old 11-22-2016, 12:07 PM
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Really depends on you; do you plan to keep the Bolt for years to come?
Let's say he's not sure yet.. What are the advantages and disadvantages of a lease? How much more benefit is it buying now vs buying when the lease is up? Or returning it.

I'm in the boat that I just don't know what the future holds, but I want more bang for my buck too.
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post #6 of 92 (permalink) Old 11-22-2016, 12:11 PM
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Let's say he's not sure yet.. What are the advantages and disadvantages of a lease? How much more benefit is it buying now vs buying when the lease is up? Or returning it.

I'm in the boat that I just don't know what the future holds, but I want more bang for my buck too.
Looks like initial lease deals won't be so hot...only $2,500 lease cash. Buying seems to be the better proposition....at least until GM ups the lease incentives.
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post #7 of 92 (permalink) Old 11-22-2016, 12:49 PM
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Really depends on you; do you plan to keep the Bolt for years to come?
The chart posted above shows GM is using a 58% residual on a 3 year LT lease.
That means a three year old Bolt
A Bolt LT you can buy for $29,995 (effectively) will be valued at $21,747 in 3 years. My guess is that is waaaay too high.

I'll be leasing. At the end of the lease I'll offer what is fair market value IF I decide I want to purchase (more options will be available in the 2020 time frame).
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post #8 of 92 (permalink) Old 11-22-2016, 01:26 PM Thread Starter
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Thanks for the posts folks! They're helpful, but I guess we have to wait a while longer until Chevy gets its financing act together to really nail things down and figure out what works best for us as individuals.

Because I have 3 1/2 years experience with my Leaf and have experienced virtually no loss in battery storage capacity after traveling nearly 30K miles in temperate Northern California. I think it would be safe to assume the GM battery technology matches or surpasses that of Nissan's five years ago and I am far less concerned with battery deterioration than I was in 2012.

If the lease rate turns out to be above $250-275 per month, I think it probably makes sense for me to buy the car outright from the get-go.
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post #9 of 92 (permalink) Old 11-22-2016, 03:09 PM
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The chart posted above shows GM is using a 58% residual on a 3 year LT lease.
That means a three year old Bolt
A Bolt LT you can buy for $29,995 (effectively) will be valued at $21,747 in 3 years. My guess is that is waaaay too high.

I'll be leasing. At the end of the lease I'll offer what is fair market value IF I decide I want to purchase (more options will be available in the 2020 time frame).
"could be" too high you mean cause if it has 90+ % of its new range left, it becomes a pretty compelling deal especially when considering you can take $1000-$1500 a year in fuel savings
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post #10 of 92 (permalink) Old 11-22-2016, 03:11 PM
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Bottom line. what would be the cost without taxes or CARB incentives

for 3 years, 15,000 miles a year and either $2500 or zero down or even a link to a lease calculator.

in WA so no CARB incentive, no sales tax (for most of it)
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