Quote:
Originally Posted by Isaac Zachary
I've been trying to figure out how to lease a Bolt to get the $7,500 federal tax credit without having to owe $7,500.
Supposedly there are leases for $299 per month, although I can't seem to be able to find any. Most are over $400 and up.
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Am I missing something??? It seems I must be way off, but I can't find what I'm doing wrong? If the resale value were more like $5,000 then leasing and buying would make more sense. What am I doing wrong?
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You are trying to find a deal on a vehicle in high demand with a waiting list.
The latest numbers for the Bolt say GM has a 23 day supply (and that number includes vehicles in transit). If you go to Car Guru and do a nationwide search for the Bolt you will find 676 being advertised (an average of 13 per US state) but most of those aren't actually on the lot. One of my wife's co-workers recently bought a Bolt - he waited 4 months and paid $2000 over MSRP.
You find attractive lease deals when companies have too many cars sitting on the lot not when they sell every one before it hits the lot.
For example search for a Hyundai Ioniq 5 and you will find 5400 listed for sale and those listings have actual pictures of the car not "coming soon". Hyundaiis offering an Ioniq 5 for $430 a month for 48 months with $2,000 down
Or there is this Ioniq 5 AWD SE (a $50,000 car) for $311 a month, 12,000 miles a year, for 36 months and $4,443.80 down. (really $424 a month when you include the down payment). Why is this $50,000 car leasing for $424 a month when the $28,000 Bolt in your example is leasing for $444? Hyundai has over 100 days of Ioniq 5 inventory so they are willing to make a deal to move them.
