Currently Lease A Japanese Car? Here Are Some Sub-$100/Month Deals (Trax: $53/Month, $0 Down) (Expired)

Program valid through March 31, 2017.

Source: www.chevrolet.com

This month, Chevrolet released new incentives and programs for their lineup of vehicles. In particular, there's a $3,000 Competitive Lease Cash incentive for current lessees of Toyota, Honda, Hyundai, Mitsubishi, Mazda, Nissan, Subaru, or Kia vehicles, which when combined with strong residual values and reasonable rates, can result in sub-$100/month leases.

Sub-$100/month vehicles include Chevrolet Cruze, Trax, Equinox, and, if all the stars are aligned, Malibu. Today, we'll focus on we'll focus on Trax, Chevrolet's sub-compact SUV. 

Chevrolet Trax Lease Program

The cost of leasing a particular car is determined by its lease program, which is set by the manufacturer, and the selling price, which is set by the dealer. Here is GM Financial's lease program for 2017 Trax through the end of March 2017:

2017 Trax Residual Values
Term	10,000 Miles/Year	12,000 Miles/Year	15,000 Miles/Year
24 Months	67%	66%	65%
36 Months	59%	57%	56%

2017 Trax Money Factor
Term	Tier A1 Credit	Tier A2 Credit	Tier A3 Credit
24 Months	.00087 (2.09% APR)	.00195 (4.68% APR)	.00293 (7.03% APR)
36 Months	.00054 (1.3% APR)	.00162 (3.9% APR)	.00260 (6.2% APR)

2017 Trax Incentives
Incentive	Availability	Amount
GM Financial Lease Cash ("CCR")	All	$1,075
GM Financial Incremental Bonus Cash	Most Regions	$1,500
Bonus Tag Cash	Select VINs	$1,500
Competitive Lessee Cash (Japanese or Korean)	Targeted	$3,000
Competitive Lessee Cash (all non-GM)	Targeted	$1,500
GM Lease Loyalty	Targeted	$500
Farm Bureau Incentive	Targeted	$500

Selling Price

A 2017 Chevrolet Trax LS has an MSRP of $21,895. According to a third-party car shopping website, the average selling price of that model is $20,889 before incentives (Southern California zip code). We would target a selling price of $20,500, which is consistent with the best dealer ads. 

Putting It Together ($53/Month, $0 Down)

Use the lease calculator below to customize your own inputs. Here's a sample 24-month lease of a 2017 Trax LS assuming a selling price of $20,500, excellent credit, 10,000 miles per year, California residency, and use of the $3,000 Competitive Lessee incentive and acquisition fee waiver. (If you were a Farm Bureau member and found a Trax with a Bonus Tag, you could be looking at a free one-pay lease! The incentives would cover the entire cost of the lease.)

(11/13/17: Have issues with the calculator loading? Refresh the page. We are working on a fix.)

Select Make: Select Make

MSRP:

Sales Price:

% off MSRP

Taxed
Incentives :

Untaxed Incentives :

Down Payment:

Post-Sale
Rebate :

Acquisition Fee:

I want to pay my acquisition fee upfront.

Miles/yr: 10,000 12,000 15,000

Residual: %

Residual (%) at miles/yr

Months:

Money Factor:

APR: %

Enroll in Mercedes-Benz Autopay to lower the MF by 0.00010

GM One-pay Lease: I want to lower the MF by 0.00073 by paying everything upfront.
GM Acquisition Waiver: waive the acquisition fee by raising the MF by 0.00055.

Adjusted Money Factor:

MSD: 0 1 2 3 4 5 6 7 8 9 10

Money Factor after MSD:

APR: %

Document Fee:

License/Registrat. Fee:

Sales Tax: %

Tax is levied on the monthly lease payment (most states).

Tax is levied on the sales price upfront (e.g. VA, TX, GA).

Tax is levied on the total lease payment upfront (e.g. NY, MN, OH).

Monthly Payment (Excl. Tax):

Monthly Payment (incl. tax):

Drive Off:

First month's payment incl. tax:
Total one-pay lease payment:
Down payment:
Total MSD payment:
Registration and doc fee:
Tax on cap cost reduction and fees:
Acquisition fee:
Tax on the total lease payment:
Tax on the sales price:

Leasehackr Score:

Disposition Fee: $350

Total Lease Cost:

Recently leased a Trax? Share your deal below or on Leasehackr Forum!