[Electro]

Scrolling through the "gram" and came across this photo and it made me chuckle only because of the caption :

"Shhhh. Don't tell Pedro. I want to make our last few months together enjoyable. #PedroThePrius #ToyotaPriusC #Trade-in #timetogoelectric #ChevyBolt "

How many others are counting down the days on their lease ??

 

[Bazinga]

Not really counting down the days. What Chevy could do is have a counter on their site and count down to the first Bolt delivery.

 

[DucRider]

My lease ends Jan 25th on the Fit EV, but ....

I can extend it for a lower rate for two years. The very nice thing about the extension:

EARLY TERMINATION: I may terminate (end) the Lease before the end of the Extended Term by returning the Vehicle to you.

So I can roll over into a "month to month" lease @$199 (includes unlimited miles, maintenance, com & collision insurance). If the Bolt leases come out of the gate at a non-competitive rate, I'll stick with the Fit EV for a bit.

 

[HotPotato]

Counting the seconds!

 

[Electro]

My lease ends Jan 25th on the Fit EV, but ....

I can extend it for a lower rate for two years. The very nice thing about the extension:


So I can roll over into a "month to month" lease @$199 (includes unlimited miles, maintenance, com & collision insurance). If the Bolt leases come out of the gate at a non-competitive rate, I'll stick with the Fit EV for a bit.

Now that, you really can't go wrong with. So you're in a darn good position there

You can pretty much just run month to month for 2 years or until you find something you would prefer or something that'll suit your requirements rate wise. That's great !

 

[Bazinga]

But, wouldn't the incentives make up for a non-competitive rate?

 

[DucRider]

But, wouldn't the incentives make up for a non-competitive rate?

Are you talking the Federal Tax Credit?
A sample market rate lease on a Bolt EV:
MSRP $37,495
Cap Cost Reduction: $7,500 (Fed Tax Credit)
Net Capitalized Cost: $29,995
Residual Value: $16,123 (43% of MSRP)
Money Factor: .00125 (3% Interest)
Monthly payment: $443
This is without tax, licence, registration or any other fees (acquisition, disposal, etc.)

If you bump the residual to 51% ($19,122) and drop the Money Factor to .000417 (1% interest), the payment would be $322

When I said non-competitive rate, I really meant if the payment was too high. Doubling my lease payment is not an attractive option.

 

[Homebreww]

Hi DucRider,

Similar situation here regarding leasing the Bolt. My Fit-EV lease (including 2 year extension) ends this July, a total of 5 years; I leased my Fit on first day of availability. I'm in California so I hope to get something back from the state program.

My Chevy dealer tells me my Bolt build date is end of November so hopefully Santa will be kind to me.