Chevy Spark EV Forum

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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sat Jul 07, 2018 8:18 pm 
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Joined: Sun Dec 13, 2015 4:11 am
Posts: 27
My original lease agreement says there is a $395 disposition fee. They said that was standard for leases and what I read from a Google search seemed to confirm that. Were you not charged one?


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sat Jul 07, 2018 8:27 pm 
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Joined: Wed Oct 30, 2013 7:27 am
Posts: 782
Location: Manteca, California
fr100 wrote:
My original lease agreement says there is a $395 disposition fee. They said that was standard for leases and what I read from a Google search seemed to confirm that. Were you not charged one?

I turned the car in the last week in May 18 and I have not yet seen any billing for a disposition fee. But... I expect eventually I will.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sat Jul 07, 2018 10:12 pm 
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Joined: Tue Feb 17, 2015 8:37 am
Posts: 178
Location: Sacramento,CA
Some leases have it, some don't it seems..... I have 2 spark leases, one has a 395 fee and the other has a zero fee.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sun Jul 08, 2018 5:42 am 
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Joined: Wed Oct 30, 2013 7:27 am
Posts: 782
Location: Manteca, California
CSW wrote:
Some leases have it, some don't it seems..... I have 2 spark leases, one has a 395 fee and the other has a zero fee.

Mine may not. I went over my lease contract and I did not see any mention of a disposition fee.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sun Jul 08, 2018 7:36 am 
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Joined: Tue Feb 17, 2015 8:37 am
Posts: 178
Location: Sacramento,CA
On my lease it is line/section 4, part A where the fee shows. 395.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Sun Jul 08, 2018 2:21 pm 
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Joined: Wed Oct 30, 2013 7:27 am
Posts: 782
Location: Manteca, California
CSW wrote:
On my lease it is line/section 4, part A where the fee shows. 395.

I went right by that section without noticing it. Everything was $0.00 but I suspect they may have covered the disposition cost out of the $7500 tax credit they kept.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Mon Jul 09, 2018 3:49 pm 
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Joined: Mon Jul 09, 2018 3:38 pm
Posts: 3
It appears that some people are having good luck renegotiating the end-of-lease purchase price while others are not. I have a 2016 Spark ev with the 3-year lease ending July1, 2019. I currently have 4800 miles, so I anticipate having about 7200 miles at the end of the lease. The purchase option is $10,698.

1) If they are willing to renegotiate, what price should I aim for?

2) If they are unwilling to renegotiate, and I would like to purchase a used Spark ev, where is the best place to look?

Thanks.


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 Post subject: Re: What is being offered at end of lease?
PostPosted: Mon Jul 09, 2018 4:15 pm 
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Joined: Wed Oct 30, 2013 7:27 am
Posts: 782
Location: Manteca, California
DavidH wrote:
It appears that some people are having good luck renegotiating the end-of-lease purchase price while others are not. I have a 2016 Spark ev with the 3-year lease ending July1, 2019. I currently have 4800 miles, so I anticipate having about 7200 miles at the end of the lease. The purchase option is $10,698.

1) If they are willing to renegotiate, what price should I aim for?

2) If they are unwilling to renegotiate, and I would like to purchase a used Spark ev, where is the best place to look?

Thanks.

7200 miles after 3 years? Cargurus.com shows 2015 Spark EVs going for around $10k for areas near my home in Central California. In my opinion, if you have not had any problems with your 2016 Spark EV, try to negotiate a lower price but, personally, I would have no problem paying $10,698 as long as it was in very good to excellent condition and there was no or very little HV battery degradation. Last year I paid $11,700 for a 2016 Spark EV 2LT with 6500 miles on it to replace my 2015 Spark EV which I turned in last month. A year later, the car is running great! The buyout for my 2015 Spark EV was $14.5K and it had suffered more HV battery degradation than I expected.


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