DBC
Well-Known Member
- First Name
- Don
- Joined
- Oct 1, 2020
- Threads
- 8
- Messages
- 1,224
- Reaction score
- 1,428
- Location
- San Diego
- Vehicles
- Volt ELR
Options will be better for the first three years because of the incentive. Just not by a huge amount. And Options won't be better in later years because you'll have to refinance the residual, presumably at a much higher rate.So both 36 month programs 'cost' essentially the same after the $1000 Options incentive, although to exercise jumping ship a $475 disposal fee would be charged.
If you don't buy the car Options isn't a great idea. The disposal fee isn't a big deal but the sales tax on the residual is a different matter.
This is not much of an issue since you can put more down at a later time. If you want to put 40% down, just put 10% down and then add 30% later. Not sure why you'd do this but it's an alternative.Be aware that Options program limits your down payment to 30% of the cars value.
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