General Motors is moving Chevy Volt sales with leasing, as owners are accessing a low monthly payment averaging around $269. The high price point on the full finance option has made the leased version more appealing. Black Book is estimating the current lease deal will be driving strong off-lease demand based on a projected residual of 58%. Here’s the details on Black Book’s forecast:
- Based on a retail price of $39,995, Black Book estimates a 24-month residual of $23,325 (58%) is projected for the Volt.
- Advertised Volt lease deals include a $2,500 – $3,000 down payment with 10,000 miles allotted and a term of 24-27 months.
- In comparison, the 2012 Toyota Prius currently has a Black Book-projected 24-month residual of 56%. The Volt’s stronger percentage means it will carry a higher value in relation to what it costs new at the end of term.
- Black Book believes the incentive-heavy program will not have a de-valued impact on the Volt because it will carry a strong residual on the back-end of the lease term.
