- #53 of 140
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Re: 2007 Excalade Lease Offer [louisv]
by Car_man HOST
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Feb 25, 2007 (6:42 pm)
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Replying to: louisv (Feb 22, 2007 8:26 am)
Hi Cena. There's nothing wrong with trading in your current vehicle when you lease a new one. Are you currently upside down on your truck (owe more money than it is worth), or do you have equity in it? If you have equity, it would be in your best interest to have the dealer that you are working with cut you a check for it rather than using the proceeds from it as a down payment for your lease. If you owe more than it is worth, you are going to have to either pay money out of your own pocket or roll your negative equity into your new lease to get out of your truck.
Car_man
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- #54 of 140
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Re: Feb Lease Rates-Incentives [shfawaz]
by Car_man HOST
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Feb 25, 2007 (7:36 pm)
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Replying to: shfawaz (Feb 23, 2007 9:27 am)
Hi shfawaz. GMAC's current base lease rate and residual value for a 24 month lease of a 2007 Cadillac Escalade 2WD with 15,000 miles per year are 6.15% and 56%, respectively. As you can see, 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. I believe that GMAC's current lease acquisition fee is $595. GM is providing $1,500 lease cash on this truck right now. Make sure to take this cash into account when negotiating the capitalized cost for your lease. Unfortunately, GM's President's Day sale is only available on Buick, Chevrolet, GMC, Pontiac, and Saturn models, not Cadillacs.
Car_man
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- #55 of 140
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Re: Feb Lease Rates-Incentives [Car_man]
by shfawaz
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Feb 26, 2007 (4:09 am)
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Replying to: Car_man (Feb 25, 2007 7:36 pm)
Can you review your answer-56% residual for a two year low-milege (10,000) lease? Lower residual for a 24 month lease than that of a 39 month. I think you made a mistakee. Can you double-check please. Thanks!
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- #56 of 140
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Re: 2007 Excalade Lease Offer [Car_man]
by louisv
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Feb 26, 2007 (8:16 am)
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Replying to: Car_man (Feb 25, 2007 6:42 pm)
There is equity in my EXT...between 4000 -5000 dollars and i still owe 3 years of payments. It really bothers me to be paying 3 more years on an older body style (2005)
cadillac. To me that just doesn't sound smart. I also feel that dropping to a tahoe,even
though i love them, is a step-down. The dealer has offered me $4000 cash back for my
truck and a LTZ for around $550 a month lease...then if i love it i should purchase it
at the end of the lease. any comments?
Cena
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- #57 of 140
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March Lease Rates
by monkeyshift
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Mar 01, 2007 (2:27 pm)
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Hi Carman,
Wondering what GMAC's lease rates and residuals are for March for the Escalade and ESV for 27 and 39 months with 10k miles? Thanks!
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- #58 of 140
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Re: March Lease Rates [monkeyshift]
by shfawaz
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Mar 01, 2007 (2:34 pm)
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Replying to: monkeyshift (Mar 01, 2007 2:27 pm)
Add to that the 24 month 10,000 mile lease rates for the Escalade for March too.
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- #59 of 140
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Two weeks and no answers
by shfawaz
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Mar 14, 2007 (12:26 pm)
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sigh
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- #60 of 140
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Re: Two weeks and no answers [shfawaz]
by monkeyshift
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Mar 16, 2007 (5:45 pm)
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Replying to: shfawaz (Mar 14, 2007 12:26 pm)
agreed
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- #61 of 140
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Got My Own Answers
by shfawaz
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Mar 16, 2007 (5:56 pm)
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Replying to: monkeyshift (Mar 16, 2007 5:45 pm)
Went to a dealer today, got the scoop. On a 24 month GMAC low mileage lease the residual is 70% with a money rate of 6.15% and bank fee of 595. There is currently $2,500.00 (started yesterday) cap cost reduction (bonus cash) on the Escalade. I was told that the residual drops to 69% if the Escalade has the $2999 22" aluminum wheels. I also read on AOL that GM is offering a whopping $6,500 rebate on the Escalade ESV or EXT (purchase). Of course, that never carries over to leases, but I'd be curious to know how much of that does, although a $2,500 cap cost reduction isn't too shabby.
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- #62 of 140
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Re: Got My Own Answers [shfawaz]
by monkeyshift
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Mar 17, 2007 (7:55 am)
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Replying to: shfawaz (Mar 16, 2007 5:56 pm)
thanks, let me know how you're lease comes out, I too am looking for a 24 month, 10k lease on either the escalade or a loaded denali.
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