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Chevrolet TrailBlazer, GMC Envoy, Oldsmobile Bravada, GMC Envoy XL, GMC Envoy XUV, SUV
#204 of 297 2006 TrailblazerLT Lease
Jul 09, 2006 (8:04 am)
My wife and I are looking into a 2006 Trailblazer LT, pretty much loaded. Per the internet, the MSRP is $33,660. My wifes grandfather was an engineer at GM, so we qualify for the GSM price, which is $30,186.33 (again per the GM Family First website). Right now there is $3750 in cash back incentives. So, I am coming up with a Cap Cost of $26,436.33. Am I calculating that right with the incentive?
We are looking for a 36 month lease with 12,000 miles per year. Can you estimate payments for me? It sounds like the residual value would be 57% or 60%. How do I convert Chevy's 4.9% lease rate into a money factor?
#205 of 297 Re: 2006 Trailblazer SS Lease Rates [andre1]
Jul 10, 2006 (2:24 am)
Hey andre1. GMAC does not use money factors to calculate the interest portion of lease payments. Instead it uses lease rates, that look just like normal interest rates. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. If you were to lease a 2006 Chevrolet Trailblazer SS though GMAC right now for 24 months with 15,000 miles per year, its base lease rate and residual value should be 4.9% and 66%, respectively. The numbers for an otherwise identical 36 month, 15,000 mile per year lease should be 4.9% and 57%. With only 12,000 miles per year, the 24 month residual value would be 1% higher and the 36 month residual value would be 3% higher. When negotiating your lease on this truck, keep in mind that GM is currently providing $1,250 lease cash on it. This incentive will help you to negotiate an attractive capitalized cost for your lease.
Prices Paid Forums
#206 of 297 Re: 2006 TrailblazerLT Lease [jonscoggs]
Jul 10, 2006 (2:30 am)
Hi jonscoggs. Unfortunately, the $3,000 customer cash that is available on the 2006 Chevrolet Trailblazer is not compatible with leases of it through GMAC. GM is only providing a $1,250 cash incentive on leases of this truck right now. Assuming that the price that you got from the Family First site is not already taking this cash into account, this truck's capitalized cost would be around $28,936. Using this cap cost and an MSRP of $33,660, I estimate that this truck's 36 month, 12,000 mile per year, zero down, pre-tax monthly payment should be around $344. I used a lease rate of 4.9% (it is just a coincidence that this rate is the same as this truck's current rate for conventional loans) and a residual value of 60% to arrive at this payment.
Prices Paid Forums
Jul 24, 2006 (4:37 am)
2 weeks ago I leased a 2006 Trailblazer. I did the deal on a friday night and on monday morning after my wife and i spoke about it more, we decided we want to finance the vehicle. When i spoke to the dealer they told me it was impossible to change it over and that the rebates and what not would not apply and they gave me a over $200 more per month payment on 72 months! My question is, once i get the paper work from GMAC for my lease can i contact them to change the lease into a finance deal and will they honor the purchase price used for the lease?
#208 of 297 Re: Lease Conversion [mikeriley12]
Aug 01, 2006 (1:29 am)
Hi mikeriley12. Congratulations on your new truck. I am sorry to say that your the paperwork has been sent to GMAC and you have physically driven off in your truck it is probably impossible to convert your deal from a lease to a conventional loan. You're going to have to continue with your lease and then decide at the end of your term whether you want to buy your truck or turn it in.
Prices Paid Forum
#209 of 297 2006 Trailblazer SS Lease Rates
Aug 05, 2006 (6:50 pm)
Please forward the lease terms (residual, money factor) for the 2006 Trailblazer SS (24 and 36 months, 12K and 15K miles per year). Also, is there any cash rebate (SE region) or lease cash on this vehicle?
#211 of 297 Re: 2006 Trailblazer SS Lease Rates [andre1]
Aug 23, 2006 (1:48 am)
Here's the info that you're looking for, andre1. GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. GMAC's current base lease rate and residual value for a 24 month lease of a 2006 Chevrolet Trailblazer with 15,000 miles per year are 4.9% and 66%, respectively. The 12,000 mile per year residual value for this lease would be 1% higher. Its 36 month, 15,000 mile per year numbers are 4.9% and 57%. Its 36 month, 12,000 mile per year residual value would be 3% higher. The only lease cash that is available on the '06 Trailblazer in GM's Southeast region is on LS models that are equipped with a select set of options.
Prices Paid Forum
#212 of 297 Re: 2006 Trailblazer SS Lease Rates
Aug 23, 2006 (9:11 am)
Thanks for the information. Regarding the lease cash, it appears that GM is offering about $3500 rebate in other regions (i.e. northern) but not in the SE region. Even though I live in the SE region, can I purchase a vehicle from a dealer in another region to take advantage of this large rebate? Also, why in the world would GM penalize its customers for living in certain regions by not offering rebates available to other regions? Seems like a very dumb idea to me for a company that is desperate to sell SUV's..
#213 of 297 Re: 2006 Trailblazer SS Lease Rates [andre1]
Aug 28, 2006 (9:31 pm)
Are you sure the offer is $3,500 in lease cash? I know GM is offering this amount if you purchase, but I thought lease cash was generally a lot less than this? If this is true then you should be able to buy from any dealer in the SE region and have it shipped anywhere.
Car_Man, I have some dumb questions. I am interested in leasing an '06 Trailblazer LT with an MSRP of about $31k. I am in Las Vegas, which is Western region. First, is there any lease incentive from GM that you know of? Second, what would you say is a fair cap cost to negotiate down to with the dealer, specifically, how much would be a reasonable amount for the dealer to kick in as a cap cost reduction? I've read all the posts in this forum and haven't seen anything about a ballpark value one should target for the dealer's contribution to making a deal happen. $500? $1,000? $2,000? And again, I mean what the dealer kicks in, not GM.
Also, I saw a commercial on TV just now about a $1,500 down payment matching incentive on purchase or lease for the '06 Trailblazer that is good until September 5 only. It looked like a GM ad, but the GM website makes no mention of it. It was definitely not from one dealer only though. Anyone know about this? Is it possibly from a group of Las Vegas dealers that got together to offer this?
Lastly, what are the current residuals and interest rates on the 24 and 36 month lease options for '06 Trailblazers? I hope I'm not asking too many questions. Thanks.