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Chevrolet Malibu Lease Questions

112 messages,  Last post on Apr 19, 2009 at 2:50 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Chevrolet Malibu, Chevrolet Malibu Maxx, Car Leasing, Sedan, Wagon


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#74 of 112
Re: Lease factors on 2008 Malibu? [jao6304] by Car_man HOST
Apr 07, 2008 (1:40 am)
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Replying to: jao6304 (Mar 03, 2008 5:19 am)

Here you go, jao6304. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Malibu with 15,000 miles per year are 3.15% and 51%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#75 of 112
Re: Malibu Lease - Did we get a fair deal [g6leaser] by Car_man HOST
Apr 07, 2008 (1:53 am)
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Replying to: g6leaser (Mar 25, 2008 3:48 am)

Hi g6leaser. General Motors' supplier purchase program provides pretty good deals, so you probably did fine on your Malibu, price-wise. Also, the lease rate that you were quoted is right in line with GMAC's base rate for this model. This looks like a good deal to me. Enjoy your new car.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#76 of 112
Re: Chevy Malibu VS. Saturn Aura [kinneyrhs] by Car_man HOST
Apr 07, 2008 (1:58 am)
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Replying to: kinneyrhs (Apr 05, 2008 1:19 pm)

Hi kinneyrhs. You are going to get a great deal on this car if you can lease it at the GMS price. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Malibu with 15,000 miles per year are 3.15% and 51%, respectively.
 
When you figure out exactly what the MSRP and selling price of the car that you want are, you can plug them and the above lease program into the formula that is outlined in the following article to see what your lease payment will be Calculate Your Own Lease Payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#77 of 112
Thank You Car Man - My Lease Price by g6leaser
Apr 07, 2008 (4:00 am)
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After watching this forum and doing a ton of research on true market value's and what other people have paid for the vehicle - I did fairly well - maybe could have knocked 5 to 10 bucks off my lease price - but to put so little down (only first month payment) and to pay 370 bucks a month is fine by me for this hot new ride - so many compliments and it's fun to drive - my G6 was fun to drive, but this actually provides more enjoyment than my G6 - and that was a V6, I only have the 4 in my 2LT Malibu....
 
The residual was 53% for 39 months - which seems poor to me, the car should retain more of its value in my opinion...
#78 of 112
Re: Lease factors on 2008 Malibu? [Car_man] by jaxs1
Apr 07, 2008 (5:24 am)
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Replying to: Car_man (Apr 07, 2008 1:40 am)

Thanks. I didn't think 7% sounded even close to correct.
#79 of 112
Re: Thank You Car Man - My Lease Price [g6leaser] by packer3
Apr 07, 2008 (8:00 am)
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Replying to: g6leaser (Apr 07, 2008 4:00 am)

I guess I didn't pull that $370 a month range I quoted with no money down number out of my hat. Don't get me wrong as I said I have been leasing nothing but Chevys since 1990, and the car 2004 LS Malibu V6 great engine by the way real smooth good power and pretty quiet, I turned it in for the Accord EXP with a $1,000 down $260.00 36 mth, 12,000 miles a year one of the main reasons was the lease cost, and some quality issues. But Paying $370 for a Malibu 4cyl no way, I would have rather put down $3,000 for a BMW, or a Caddy for that kind of monthly cost.
When the 04 came out it was touted in the same way, however as you will see over time probably within the first 6 months to a year you will find the gas mileage will not match the sticker city mpg numbers and it wont get better as the car breaks in the city stop and go, rattles window, control arm squeaks, center arm rest and dash board clicking and squeaks that no dealer ever seems to find except your self. To most Bu owners keep a pocket recorder handy in the car you will need it. Mileage in the 04 I was getting 14 to 16 mpg sticker stated 23 mpg and the highway stated 32 however, I was getting up to 37mpg on a straight run that is almost better than any 4cyl on the market.You also probably haven't noticed it yet but the steering is kind of numb in reaction time that is.
Well Good luck with the new BU it is an outstanding looking car in and out and if it weren't for the past issues and gas mileage I would have loved to have gotten another one, I was just dissapointed and the leasing cost didn't help.
#80 of 112
Re: Chevy Malibu VS. Saturn Aura [jaxs1] by packer3
Apr 07, 2008 (8:27 am)
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Replying to: jaxs1 (Apr 06, 2008 4:28 pm)

Again when you are leasing who cares about rates, if you can lease a car with hardly any thing down and get real low monthly payments you have met your objective who wants to pay apartment rent money for a car, your not buying the car car.
It does matter if you are buying it out right because you wouldn't want to be paying a hefty finance charge that will cost you more than the car is actually worth.
And here is a tip to any one if you do buy a car buy do it with with a home equity loan (if you can) you can claim the finance charge points on your taxes.
#81 of 112
Re: Chevy Malibu VS. Saturn Aura [40yearfan] by jaxs1
Apr 07, 2008 (5:41 pm)
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Replying to: 40yearfan (Apr 06, 2008 6:54 pm)

The Malibu looks nice and you don't see them around much yet because of the level of sales. There is a shortage because of a production limitations, not demand. The demand is nowhere near the demand for Camrys or Accords or the dealers would never have any on their lots with the slow rate of current deliveries.
 
Of course demand is still much better than last year's plain-Jane model, but it isn't that incredible of a demand as people would like to say.
#82 of 112
Re: Chevy Malibu VS. Saturn Aura [jaxs1] by 40yearfan
Apr 07, 2008 (6:00 pm)
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Replying to: jaxs1 (Apr 07, 2008 5:41 pm)

GM's truck and SUV sales were down 22 percent in March while its car sales fell 14 percent. New vehicles like the Chevrolet Malibu were a bright spot, with sales up 17 percent, but sales of Chevrolet pickups were down 25 percent while sales of GM's gas-guzzling Hummer brand were down 29 percent. GM's sales were down 11 percent for the first quarter.
 
link title
 
Sales of the Malibu were up 17% in March while sales for all GM products were down by 19%. And this is in a very bad auto market where all auto manufacturers posted sales losses.
 
Considering the market conditions, I'd say the demand for the Malibu is pretty good.
 
EDIT: Just found another interesting article about the Malibu and how GM is doing with it:
 
link title
#83 of 112
Re: Chevy Malibu VS. Saturn Aura [40yearfan] by jaxs1
Apr 07, 2008 (8:47 pm)
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Replying to: 40yearfan (Apr 07, 2008 6:00 pm)

Yes, sales are better than the old Malibu by 17%, but it isn't going to overtake the Camry for best selling car in the US anytime soon. Can they even sell 50% of the Camry's volume?
You see less Malibu's sitting on the lots than Camrys because they are building alot less Malibu's, not because they are selling more Malibus than Toyota sells Camrys.

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