- #11 of 112
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Re: '06 and '07 lease questions [fuelcellguy]
by Car_man HOST
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Sep 19, 2006 (1:59 am)
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Replying to: fuelcellguy (Sep 14, 2006 1:19 pm)
Hello fuelcellguy. Unfortunately, General Motors is no longer providing lease support on the 2006 Chevrolet Malibu. It may still be possible to take advantage of its current cash incentives and lease one through an independent bank, but if you really want to lease you are probably better off going with a 2007 model. GMAC's current base lease rate and residual values for a 27 month lease of a 2007 Chevrolet Malibu V6 with 15,000 miles per year are 3.7% and 58%, respectively. The numbers for an otherwise identical 36 month lease are 3.7% and 49%, 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.
Car_man
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- #12 of 112
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GM Smart Buy
by ws01
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Nov 06, 2006 (10:32 am)
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Car_man, any idea if I could get GM SmartBuy option on 2006 Malibu Maxx LT in NJ? If I can do you know how it works and what would be residual value and financing rate for this car right now?
ws01
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- #13 of 112
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Re: GM Smart Buy [ws01]
by Car_man HOST
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Nov 29, 2006 (3:09 am)
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Replying to: ws01 (Nov 06, 2006 10:32 am)
Greetings ws01. GMAC's SmartBuy program is what is known as a balloon note. Balloon notes are very similar to leases in that they provide consumers with a low monthly payment and the option to purchase their vehicles after a specific period of time for a predetermined price. The main difference between balloon notes and leases is that with leases the bank's name is on your vehicle's title, while with balloon notes yours is. Leases are much much more popular than balloon notes. I believe that most consumers in your area use GMAC's SmartLease program instead of its SmartBuy program. Given the lack of popularity of balloon notes, I personally do not keep tabs on the details of them. Why do you want to go with the SmartBuy instead of a lease? Either way, GMAC is no longer offering leases or balloon notes on leftover 2006 models.
Car_man
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- #14 of 112
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Saturn Aura XR
by tgp1810
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Dec 28, 2006 (3:14 pm)
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Car_man, can you help me with these lease numbers.
Using an MSRP of 24595 and a purchase price of 22470 can you verify my lease calculations…
I used the following residual and interest numbers provided by my dealer: 54% for 36 months, 53% for 39 months and 3.75 money factor.
I get the following payments:
36 months: 329.68 (311.02 + 18.66 Michigan sales tax)
39 months: 315.15 (297.31 + 17.84 Michigan sales tax)
Thanks for your help!
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- #15 of 112
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Re: Saturn Aura XR [tgp1810]
by Car_man HOST
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Jan 02, 2007 (4:48 am)
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Replying to: tgp1810 (Dec 28, 2006 3:14 pm)
I'd be happy to help you out, tgp1810. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Saturn Aura XR with 15,000 miles per year are 3.75% and 60%, respectively. Using the prices that you mentioned in your post, an MSRP of $24,595 and a purchase price of $22,470 and the aforementioned lease program I estimate that this car's zero down, pre-tax monthly payment should be around $273.
Car_man
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- #16 of 112
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Re: Saturn Aura XR [Car_man]
by tgp1810
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Jan 02, 2007 (9:53 am)
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Replying to: Car_man (Jan 02, 2007 4:48 am)
Car_man, thank you for your help! I know that the current lease program expires today, and was wondering if you would let me know of any changes for the new year once you get them.
Thanks again!
Travis
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- #17 of 112
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Re: Saturn Aura XR [Car_man]
by tgp1810
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Jan 02, 2007 (10:14 am)
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Replying to: Car_man (Jan 02, 2007 4:48 am)
Car_man,
I just e-mailed the information you provided me to the dealer and their response was: "These numbers are wrong; because you don't have access to a GMAC lease program, you don't have all the necessary informaiton to properly calculate a payment."
They're quoting me $345 a month for 36/15K using a residual of 54% and a lease rate of 3.75.
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- #18 of 112
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Re: Saturn Aura XR [Car_man]
by tgp1810
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Jan 08, 2007 (4:12 pm)
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Replying to: Car_man (Jan 02, 2007 4:48 am)
Car_man sorry for sounding impatient, but I'm just wondering was changes January brought to the Saturn Auras lease program.
Thanks!
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- #19 of 112
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Re: Saturn Aura XR [tgp1810]
by Car_man HOST
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Jan 09, 2007 (2:48 am)
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Replying to: tgp1810 (Jan 02, 2007 9:53 am)
No problem, Travis. GMAC's lease program for the 2007 Saturn Aura was extended through February 28th. Its base lease rate and residual value for a 36 month lease of a 2007 Saturn Aura XR with 15,000 miles per year still are 3.75% and 60%, respectively.
Car_man
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- #20 of 112
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Re: Saturn Aura XR [Car_man]
by tgp1810
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Jan 10, 2007 (12:34 pm)
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Replying to: Car_man (Jan 09, 2007 2:48 am)
Car_man,
I have just one more thing. I e-mailed the dealer again and they're insisting that this cars residual value for 3 years/45000 miles is 54%. They told me that 60% is unheardof.
Any advice?
Thanks!
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