blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 3:22 pm

figured i'll start my own thread and not clog up the other posters any more (sorry OP!)

ok so here's what they quoted. i didn't haggle or anything. just wanted to see what they started with. couple interesting things. i basically told them im a no go now cause i drive 100 miles a day and i can't install a 240 at my current location only to have it pulled and moved to the new house in august. he then threw out "what if we take care of all that for you?" i said if you pay for the level 2, install at the old house for a month or so, pay to have it pulled, and then pay to install at the new house then thats a start.

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blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 3:27 pm

here's the breakdown of the $11k rebate:

"For the lease option, you have $3500 in rebates and the $7500 tax credit is absorbed as well by the leasing companies bringing the total to $11,000 off. If you were to purchase the Focus, you would get the $6,000 off in rebates and you could file for the $7,500 tax credit as long as you had that much in tax liability so that way it is not going to waste. Let me know if you have any other questions. Thanks again!"

blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 3:31 pm

also, he said if i do the 10,500 lease that as long as at any time i purchase it or trade it in that mileage doesn't matter. that only matters if i drop the keys off and say im done. anyone know what the $/mile over is?

michael
Posts: 1113
Joined: Sun Sep 22, 2013 9:55 am
Location: Los Angeles, CA

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 4:31 pm

It seems too high.

10.5 K mile lease, 36 month zero driveaway should be around $270 before sales tax

My own lease is 19.5K miles, 36 month, zero driveaway, $379 including prox 9% tax (prox $348 before tax) and that was last September when prices were higher than now.
2013 FFE Returned after 3 years with 52,000 miles and battery down to 15.2 kWh
2014 Volt returned with 43,000 miles
2014 Volt 26,000 miles
1967 Corvette 427
1962 Corvette 327
Awaiting a Bolt

blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 4:40 pm

michael wrote:It seems too high.

10.5 K mile lease, 36 month zero driveaway should be around $270 before sales tax

My own lease is 19.5K miles, 36 month, zero driveaway, $379 including prox 9% tax (prox $348 before tax) and that was last September when prices were higher than now.
oh i agree. that was just a starting point. i've never leased before, so how does credit history play in to the consideration?

hybridbear
Posts: 1425
Joined: Mon Apr 07, 2014 12:46 pm
Location: Minneapolis

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 5:12 pm

blackbeasst wrote:
michael wrote:It seems too high.

10.5 K mile lease, 36 month zero driveaway should be around $270 before sales tax

My own lease is 19.5K miles, 36 month, zero driveaway, $379 including prox 9% tax (prox $348 before tax) and that was last September when prices were higher than now.
oh i agree. that was just a starting point. i've never leased before, so how does credit history play in to the consideration?
I believe that a credit score of 700-720+ is required for the best lease rates.
2013 Ford Focus Electric - Ice Storm - leased through 8/15/16
Replaced by a 2016 Tesla Model S 60D

blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Re: Leasing in GA (continuation from other thread)

Tue Jun 10, 2014 5:17 pm

hybridbear wrote:I believe that a credit score of 700-720+ is required for the best lease rates.
yeah i've had a couple snafus in the past. but i think im hanging around the 675 range.

what do you guys think i should counter offer with? while trying to get a free level 2 and free install as well :)

hybridbear
Posts: 1425
Joined: Mon Apr 07, 2014 12:46 pm
Location: Minneapolis

Re: Leasing in GA (continuation from other thread)

Wed Jun 11, 2014 4:55 am

blackbeasst wrote:
hybridbear wrote:I believe that a credit score of 700-720+ is required for the best lease rates.
what do you guys think i should counter offer with? while trying to get a free level 2 and free install as well :)
I don't know that requesting that will get you the best deal. You can probably shop around and find a Level 2 EVSE and installation cheaper than the dealer could. They would just build that in to your price.

You might want to give them a heads up on your credit score. A lot of dealers will give quotes assuming that you qualify for the highest credit score tier of lease financing. If you don't then you might be in for an unexpected surprise when they run a credit check and find out that you don't qualify.
2013 Ford Focus Electric - Ice Storm - leased through 8/15/16
Replaced by a 2016 Tesla Model S 60D

blackbeasst
Posts: 143
Joined: Mon Jun 02, 2014 5:00 am
Location: GA

Re: Leasing in GA (continuation from other thread)

Wed Jun 11, 2014 5:13 am

i made it very clear that the evse and install would be agreed upon AFTER we come to terms on a price. worse case i say no thanks, buy one from HD myself and get cash back on a credit card!

about to email the sales guy and tell him that the monthly payment and total balance is too much and that the residual value is too high and see what he comes back with.
Last edited by blackbeasst on Wed Jun 11, 2014 5:24 am, edited 1 time in total.

hybridbear
Posts: 1425
Joined: Mon Apr 07, 2014 12:46 pm
Location: Minneapolis

Re: Leasing in GA (continuation from other thread)

Wed Jun 11, 2014 5:18 am

blackbeasst wrote:about to email the sales guy and tell him that the monthly payment and total balance is too much and that the residual value is too high and see what he comes back with.
What is the residual? I'm not seeing it in the pics you posted.
2013 Ford Focus Electric - Ice Storm - leased through 8/15/16
Replaced by a 2016 Tesla Model S 60D

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