Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study - Page 2

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Thread: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

  1. #16
    R2-D2 Astromech Droid Premium Member Neanderthal's Avatar
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by Perian View Post
    carsdirect.com
    May 10, 2019





    Chevrolet National Lease Offers

    Ultra Low-Mileage Lease for Qualified Lessees.

    $299/month for 39 months.

    $3,069 due at signing (after all offers).

    Tax, title, license, and dealer fees extra. $0 security deposit.
    Mileage charge of $0.25 /mile over 32,500 miles at participating dealers.
    Expires 5-31-2019
    Example based on survey. Each dealer sets own price. Your payments may vary. Payments are for a 2019 CHEVROLET Sonic 5-door LT with an MSRP of $19,420. 39 monthly payments total $11,661. Option to purchase at lease end for an amount to be determined at lease signing. Lessor must approve lease. Take delivery by 05-31-2019. Lessee pays for maintenance, repair, excess wear and disposition fee of $395 or less at end of lease. Payments may be higher in some states. Not available with other offers. See dealer for details.











    .
    Let's see, 39 x 299 + 3069 = $14,730. That's a royal screw job, you could probably buy it for not a lot more.
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    R2-D2 Astromech Droid Ed753's Avatar
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by Perian View Post


    Chevrolet National Lease Offers

    Ultra Low-Mileage Lease for Qualified Lessees.

    $299/month for 39 months.

    $3,069 due at signing (after all offers).

    Tax, title, license, and dealer fees extra. $0 security deposit.
    Mileage charge of $0.25 /mile over 32,500 miles at participating dealers.
    .


    Quote Originally Posted by mbukukanyau View Post
    Thats more expensive than some versions of the 3 Series.
    But it means smoking deals for used versions.

    All-in that is $387/month almost $100 more a month than my "financed by the bank of Ed F-150 Lariat" cost me, that $100 would moe than pay my gas, where the sonic buy would still have to shell that out.............


    Quote Originally Posted by sdotjeezy View Post
    Fuel economy is what is killing the Sonic, for the price of that penalty box on wheels, you can scoop up a full grown midsize sedan in the Altima/Accord/Fusion/Camry/Optima on a lease and get just as good FE, if not better.
    Let's say it all together "boys and girls" - Uncompetitive Compact Cars.


    Quote Originally Posted by dannyg View Post
    They seem to have same $299 whether there’s big MSRP deals or not. Not sure what that’s about (I’ve never leased a car).

    Having just seen the competition at the NYAS, IMO the Sonic is still competitive...even if it really needs an update. Only version I would buy is stick, rated a decent 38MPG hwy. Not sure why auto is so much lower. Of course more-expensive hybrids offer better MPG—where’s Voltec when you need it on Sonic Trax Encore?
    The biggest factor in a lease such as this is the depreciation; a 39 month old Sonic has the residual of about 30% - in this example about $6,000 dollars.


    Quote Originally Posted by BORG View Post
    I'm sure they just want to de-incentivize leases on a vehicle with poor residuals. We are going to see increasingly less attractive lease rates moving forward from many companies that have to tighten their belts once again.

    I would assume Sonic is on its way out anyway.
    Quote Originally Posted by tripowergto Jan2003 View Post
    The Sonic will soldier on until GM finds another vehicle to replace it on the assembly line alongside the Bolt. Gotta keep one full shift working somehow.
    What happened to selling 10,000 Bolts a month? Funeral is already on the calendar for the Sonic.



    Quote Originally Posted by dannyg View Post
    With AWD LS Trax offered to lease $169/mo at the Chevy site, my guess is they’re leasing very very few Sonics. Any way to find out sales vs lease for Sonic vs Trax?
    Nope, that would be tough, because be it cash, financed or leased, they are all classified as a "retail" sale, even the courtesy/demo that basically get sold used count towards a retail sale, be it lease or purchase.

    I suspect the Trax is very high lease, because it is a "truck" you know; the residual is over 50%!
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by Ed753 View Post
    Funeral is already on the calendar for the Sonic.
    Sonic is discontinued it in Canada already for 2019 - I'm shocked they have not had an official announcement.

    GM is either getting out of small cars or they are going to import a new model from somewhere to replace Sonic/Cruze.

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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by Ed753 View Post
    ...Nope, that would be tough, because be it cash, financed or leased, they are all classified as a "retail" sale, even the courtesy/demo that basically get sold used count towards a retail sale, be it lease or purchase.

    I suspect the Trax is very high lease, because it is a "truck" you know; the residual is over 50%!
    Thanks for the info.

    I paid around $12K for my Sonic in Feb 2015, so my residual (if I had sold the car) would have been 37.5% for a car that was about 44 mo old at the time (4500/12000). A bit better if I had sold to private buyer.

    Trax is heavily discounted, I assume residuals are based on transaction prices not MSRP?
    Current ride: 2015 Chevy Sonic 1.8L 5sp manual sedan
    Previous ride: 1998 Subaru Legacy Wagon AWD 2.2L 5sp manual
    Next ride: Maybe a 2020 2.0T CT4, weekend car, keep the Sonic as DD

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    2.8 Liter Turbocharged V6 CMiatso DaBang's Avatar
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    It's sad small cars are just seemingly not profitable under current labor contracts for any maker. I remember reading that Honda doesn't make squat on the Civic, and the Fit was a complete loss in terms of money.
    My current crop is 2016 CTSV Fully loaded, 2016 Corvette Z06 3LT fully loaded, 2015 GMC Yukon SLT Fully loaded, 2014 Impala LTZ, fully loaded, 2011 Chevy Cruze (kid's) LTZ, fully loaded, 1966 Chevy Impala SS 396 4spd Muncie 3.73 gears, 2003 Harley Softail with Rinehart exhaust, 2016 Harley Night Rod Special

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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by CMiatso DaBang View Post
    It's sad small cars are just seemingly not profitable under current labor contracts for any maker. I remember reading that Honda doesn't make squat on the Civic, and the Fit was a complete loss in terms of money.
    in the American market IMHO compacts always struggled to make money and a lot were seen like the 6 0 clock news a "social responsibility" NOT a "cash cow"

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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Korean production.?

    Toyota camry

    Zero down
    Bank fee 500
    199 a month 36/36k

    Who is going to lease a sonic?

    Dead man walking is all that is.
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  12. #23
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Fun site for leasing information on some cool cars

    https://forum.leasehackr.com/c/marketplace
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Fun site for leasing information on some cool cars

    https://forum.leasehackr.com/c/marketplace

    HYundai elantra SE 120 a month

    Who is going to do the sonic deal at 300?
    https://forum.leasehackr.com/t/2019-...nth-das/108404
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by CMiatso DaBang View Post
    It's sad small cars are just seemingly not profitable under current labor contracts for any maker. I remember reading that Honda doesn't make squat on the Civic, and the Fit was a complete loss in terms of money.
    Small cars are hard to make a profit on period. I think Honda squeaks out a profit on Civic but more importantly it introduces young buyers to Honda.

    If GM can't make money here with small cars it should at least import a competitive car from Korea or something. Having nothing to sell young people on the lots is dumb.

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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Low cost entry level cars have so many headwinds to deal with, many of which are not worth dealing with as long as the rest of your business is strong. It's also hard to keep floorspace for production if you have an opportunity to replace that volume with something profitable. Ford and FCA don't have enough space to justify low margin products with so many other opportunities to tap into, GM has more leeway obviously but it doesn't make production profitable. And ultimately, the economy is healthy with low energy prices so people are more likely to buy what they want instead of what they can afford. And because of residuals, it's often more expensive to buy cheap...if you're clever about money anyway.

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    R2-D2 Astromech Droid Ed753's Avatar
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Quote Originally Posted by dannyg View Post
    Thanks for the info.

    I paid around $12K for my Sonic in Feb 2015, so my residual (if I had sold the car) would have been 37.5% for a car that was about 44 mo old at the time (4500/12000). A bit better if I had sold to private buyer.

    Trax is heavily discounted, I assume residuals are based on transaction prices not MSRP?
    Residual is a percentage; of MSRP - That is why if you buy (lease) a car with a decent residual and get a lot of "lease cash" up front, you can get decent payment.

    Sometimes it works out better to buy, that is why when I walk into a dealer, one of the first questions out of the sales homies mouth is; "Are you leasing or buying" and I say "depends". My Rendezvous was one of those extreme purchase deals, it was at the very end of the run (production had already stopped) I got well over 30% off and sold it 3 1/2 years later for only ~$3,000 less than I paid new (including sales tax).


    Quote Originally Posted by JBsZ06 View Post
    Fun site for leasing information on some cool cars

    https://forum.leasehackr.com/c/marketplace

    HYundai elantra SE 120 a month

    Who is going to do the sonic deal at 300?
    https://forum.leasehackr.com/t/2019-...nth-das/108404
    Greg Botts?
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    Re: Chevy Sonic Gets No (Leasing) Respect; Worst Value In Study

    Ha. That's funny, Ed.
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