I've been looking at all the dealer incentive/prices/TrueCar and I am trying to make sense of all the mess.
I was originally going to lease @ $249/mo $0.0 down, but the 10k/yr miles is a real deal killer, and the deal I want (navigation/premium/safety2 package/12k miles/yr) put the lowest lease deal up to $360/mo (including taxes)
Looking at the sales price for the same car, the monthly payment factoring the CA state and fed rebates ($9000) put the monthly payment to purchase at 0%/72 at almost the same cost as the lease -- albeit for 2x the time (I am simply going to adjust withholding to factor the rebate).
I liked the option of purchasing the car, because I have more flexibility in ACTUALLY BEING ABLE TO USE IT without paying $1 for every four miles I drive past the 1000mi a month I am allotted. I am naturally planning to sell the car at about the 3-4 year mark -- I like the flexibility of being able to sell earlier or later if I need to as well.
So after calling every dealer in about an hours driving distance and a week of work later, I am still unsure of the deals they are trying to peddle.
here is an offer from Rydell:
2015 Chevy Volt
-$4000 (it was $4500 yesterday, so if another dealer gives me at least the $500 off, Rydell lost a sale)
+ tax, vlf, doc fee
So the total they are offering out the door, including 8% tax, doc, fees, and all promos is:
This is compatible with the 0%/72 financing, so the payments would be:
35525/72 ~ $493/mo
If I were to pay the $9000 I get back from feds it would reduce to ~$368/mo -- I'll have to see about that one, maybe I will, or not. Since I plan to sell, I don't see the point. I'll work that out when I have to pay off the bank in whole.
Anyways -- I was hoping some of you experts would have advice on whether this deal sounds decent/bad/really bad or whatever.
A dozen people from my office have bought Volts in the past year, because we have free L2 charging for employees... if I get a great deal, I may point others in that dealer's direction -- just wondering how much (if any) that would help...
Thank you in advance!