Looking to Lease the Chevy Volt? Here Are Some Details

Gordon Lai, a sales manager at Singh Chevrolet in Riverside, California, offers us the following details which he said came directly from GM:

US Bank (National)

Term: 36 Months
MSRP: $41,000.00
Selling Price: $41,000.00 [If dealer charges more, the payments change upward.]
Acquisition Fee: $695.00
Cap Cost Reduction: $2,000.00
Down Payment: $2,150.00
Balance/Amt. Financed: $37,545.00

Program Rate: 0.60

Program Residual: 43.00% (12,001 miles to 15,000 miles per year)
Low Miles Residual: 44.00% (12,000 miles or LESS per year)
Base Residual Value: $18,040.00
Federal Credit: $7,500.00
Contract Residual Value: $25,540.00

Program Payment: $349.51
Featured Payment: $350.00
First Month’s Payment: $349.51
Down Payment: $2,150.00
Security Deposit: $0.00
DUE AT LEASE SIGNING: $2,499.51* [plus fees noted below]
Advertised Due at Signing: $2,500.00

Total Monthly Payments: $12,582.36

Disposition Fee: $395.00 (Due at Lease End)

*Other Fees Due at Signing: All DMV Registration Fees, DMV Doc Fee, 8.75% Sales Tax on First Payment.

“The figures above are SPECIFICALLY for a Base Model Volt sold at MSRP only ($41,000),” said Lai. “Add any options, dealer markups, increases in Sales Tax, etc… and the Payment goes up, or the ‘Out-of-Pocket’ down payment goes up.”

Source: GM-Volt.com