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1,717 Posts
Run away!
Those lease estimates are horrific.
For not much more than those sky-high estimates you could BUY the Bolt.
By the way, in CO the lease tax credit is $2,500, not $5,000. The $5k credit only applies to purchases.
I took a quick look at the TrueCar pricing, and they’re showing an average $2,600 discount vs MSRP, not MSRP + $500 “handling”. I used the Denver ZIP to get that estimate.
As DiscoDan mentioned, there may be a temporary inventory shortage that’s keeping prices high, or you may have simply encountered a dealer who quoted a really lousy deal.
I would recommend doing your shopping online. Spec out the exact car you want including color and options, and email a few dealers for lease quotes. To keep it simple ask for 36 mo, 10k per year, zero down, nothing due at signing except first month’s payment.
Remember, the federal tax incentive of $7,500 goes to the leasing company, not the leasee. You would be eligible for the $2,500 from CO, which is worth about $70 a month on a 3 year lease.
Good luck!
Those lease estimates are horrific.
For not much more than those sky-high estimates you could BUY the Bolt.
By the way, in CO the lease tax credit is $2,500, not $5,000. The $5k credit only applies to purchases.
I took a quick look at the TrueCar pricing, and they’re showing an average $2,600 discount vs MSRP, not MSRP + $500 “handling”. I used the Denver ZIP to get that estimate.
As DiscoDan mentioned, there may be a temporary inventory shortage that’s keeping prices high, or you may have simply encountered a dealer who quoted a really lousy deal.
I would recommend doing your shopping online. Spec out the exact car you want including color and options, and email a few dealers for lease quotes. To keep it simple ask for 36 mo, 10k per year, zero down, nothing due at signing except first month’s payment.
Remember, the federal tax incentive of $7,500 goes to the leasing company, not the leasee. You would be eligible for the $2,500 from CO, which is worth about $70 a month on a 3 year lease.
Good luck!