Who Wants To Lease A Chevy Cruze For Less Than A Gym Membership?
Leasehackr has a screaming deal on a 2016 Chevrolet Cruze Limited (the old body style) 1LT Automatic if:
1) You can sell it for more than $13,000 after two years;
If you ticked every one of those boxes, congratulations! You can lease a 2016 Chevrolet Cruze for $40 or less*** per month for 24 months.
The math breaks down as such, according to Leasehackr:
Incentives:
- GM Financial Lease Cash — $1,700
- Incremental Bonus Customer Cash — $1,075 (not available in some areas, including Denver)
- Chevrolet Bonus Cash — $1,000
- GM Competitive Lessee Conquest Cash — $1,500
Add all those up, and knock it off the asking price of $21,070 and you’re roughly looking at $15,795.
Now, ask the Chevy dealer to pretty, pretty please knock $1,800 off the price of an outgoing Cruze model and you’re sitting at $13,995 after it’s all over.
According to Leasehackr, GM Financial estimates that your 2016 Chevrolet Cruze will be worth roughly $13,280 after two years with 10,000 each year, which makes the total depreciation expense $715 — or about $29 a month. Throw in a monthly finance charge of about $11, and that’s a Chevy Cruze for $40 a month.
Where does the Costco membership come in?
If you were a Costco Auto member before Sept. 30, you can get a $700 gift card back from Costco for leasing the Cruze. That’s a lot of mayo.
*** You already own a Chevrolet Volt, you say? Better news! You can get $2,500 Volt Loyalty cash off that Cruze lease, which means you just scored a 24-month lease for free — or even made money.
You’re welcome,
Your TTAC Financial* Adviser Team
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We wouldn’t know what to do with real money anyway.
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Has anyone actually been able to do this? I went to a local dealer that had one of them left over, only it was a manual and they laughed at me when I told them about this "deal"
It took a little effort (4 hours of calling), but I found a dealer to do the deal. I'm not sure why everyone is fixated on the LT, when the LS with a red tag will give even a better deal. The only feature I care about that the LS doesn't have is heated seats, but I'll live. I ended up paying $400 total drive off, $65 a month for 23 payments, and that is for 15,000 miles per year, not the 10k that most come with. I needed more mileage than 10k, but the payment would have been about $20-25 if I went that option...these are pre-Costco prices, so with the Costco rebate the 10k lease could basically be free. It's a perfectly cromulent vehicle, and thousands of dollars cheaper than just about anything else over the 2 year lease. Thanks for the heads up!