January Wonder: Lease The New Chevy Cruze For $109/Month, $0 Down (Current Non-GM Lessees)

January Wonder: Lease The New Chevy Cruze For $109/Month, $0 Down (Current Non-GM Lessees)

Program valid through January 31, 2017.

The previous-generation Chevrolet Cruze was by far the most popular deal we shared, and for good reason: it was insanely cheap. We tracked nearly one hundred sub-$90/month leases, shared by our readers in December 2015, before losing count. Some folks were so pleased they went out and got multiple Cruzes, while some left the showroom with effectively a free car.

The current-generation car will set you back a bit more, but it's vastly improved over the old model. Redesigned last year, Cruze is now a genuinely competent compact with the refinement and isolation of a larger sedan. And, thanks to solid residual values and the availability of new incentives, Cruze is once again an excellent car to lease. Here's what you need to know about leasing one of Lordstown's finest.

2017 Chevrolet Cruze Premier (source: www.chevrolet.com)

2017 Chevrolet Cruze Premier (source: www.chevrolet.com)

The 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 Cruze through the end of January 2017:

2017 Cruze 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%
48 Months 53% 52% 49%
2017 Cruze Money Factor
Term Tier A1 Credit Tier A2 Credit Tier A3 Credit
24 Months .00046 (1.1% APR) .00154 (3.7% APR) .00252 (6.0% APR)
36 Months .00061 (1.4% APR) .00169 (4.1% APR) .00267 (6.4% APR)
48 Months .00126 (3.0% APR) .00234 (5.6% APR) .00332 (8.0% APR)
2017 Cruze Incentives
Incentive Availability Amount
GM Financial Lease Cash ("CCR") All $1,225
GM Financial Incremental Bonus Cash Most Regions $500
Bonus Tag Select VINs $500
Competitive Lessee or Lease Loyalty Targeted $2,000
Farm Bureau Incentive Targeted $500

Selling Price

A 2017 Chevrolet Cruze LT has an MSRP of $22,325. According to a third-party car shopping website, the average selling price of that model is $21,419 before incentives (Southern California zip code). We would target a selling price of $20,525, which is consistent with the best dealer ads. 

Putting It Together ($109/Month, $0 Down)

Use the lease calculator below to customize your own inputs. Here's a sample 24-month lease of a 2017 Cruze LT assuming a selling price of $20,525, excellent credit, 10,000 miles per year, California residency, and use of the $2,000 Competitive Lessee incentive and acquisition fee waiver. (If you were a Farm Bureau member and found a Cruze with a Bonus Tag, you'd be looking at $66/month!)

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

% off MSRP
I want to pay my acquisition fee upfront.
Residual (%) at miles/yr
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.
APR: %
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).
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:

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