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Chevrolet Silverado Lease Questions

65 messages,  Last post on Oct 05, 2008 at 5:49 PM

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

What is this discussion about? Chevrolet Silverado 1500, Chevrolet Silverado 1500HD, Car Leasing, Truck


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#1 of 65
Chevrolet Silverado: Lease Questions by Car_man HOST
Aug 31, 2005 (2:28 am)
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Chevrolet Silverado. Thanks.
 
Car_man
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#2 of 65
The lease unknown by coppertop1
Feb 07, 2006 (7:57 pm)
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I finally decided to finally talk to a salesman about a new vehicle. I pick out a Silveraldo 1500 2X4 LS2 crew cab at Harry Browns Chevrolet in Fariabult, MN. The offer I receive was $25,710 minus a $2500 rebate and another $1000 the offer is $22,210. Now he throws in a lease option that I never thought threw before this. I dont have much information concerning the deal yet but I'm getting information from Edmunds to go back to the dealer with. Maybe you can inlighten me with the information I do have. The salesman said there is $4000 in incentives with the lease so I guess that means the cost of the truck is now $21,210 with a 48 month lease that allow up to 48,000 miles over the term the cost per month is $320 a month, with a option to buy for $12,800 after the term. I do the simple math and multiply 48x$320 that comes to $15,360 add this with the $12,800 if I decide to buy and I'm looking at a cost of $28,160. I dont see how this is a good deal if I do decide to buy it after the term can you make any suggestions or let me know what details I should ask the salesman.
#3 of 65
Silverado Lease? by steine13
Feb 22, 2006 (6:09 pm)
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Hiya Car_Man,
My GM Card earnings have been "topped off" to $2,000, which is mighty nice of them... I've got the old blue card, so I get to use all of it.
 
There are $2,500 in incentives for buying the truck, plus the $250 coupons as electives... I may buy one just for the heck of it.. always wanted a fs truck.
 
I wouldn't be opposed to leasing, though. Do you know what the residual and the interest rate are on the 1500 series Silverados? I'm interested in low mile -- 10k or 12k, whatever they've got -- and 24 months or 36 if need be. I should mention my rebate expires March 31, so I've got some time.
 
Thanks in advance,
-Mathias
#4 of 65
Re: Silverado Lease? [steine13] by Car_man HOST
Mar 02, 2006 (2:44 am)
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Replying to: steine13 (Feb 22, 2006 6:09 pm)

Hey Mathias. This truck's lease program varies by trim level, i.e. the numbers for a Silverado Regular Cab 2WD are different than the numbers for a Crew Cab 4WD, etc... For now, I will assume that you are interested in the most common version of this truck, the Crew Cab, and that you want 4WD. Let me know if you want something different. If you were to lease a 2006 Chevrolet Silverado 1500 Crew Cab 4WD through GMAC right now for 24 months with 12,000 miles per year, its base lease rate and residual value should be 5.6% and 61%, respectively. The lease rate for an otherwise identical 36 month lease would be the same, but the residual value would drop to 55%. The $2,500 customer cash that you mentioned is not compatible with leases through GMAC, but GM is currently providing $1,500 lease cash on this model that you can use to help you negotiate an attractive capitalized cost.
 
Car_man
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#5 of 65
2006 silverado 2500hd crewcab 4x4 by badazzboat
Mar 02, 2006 (3:43 pm)
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I have a 2006 hd 6.0 with a u engine that gets 7.8 miles per gal.can anyone tell my this is because the dealer tells me this is normal????????
#6 of 65
Re: 2006 silverado 2500hd crewcab 4x4 [badazzboat] by Car_man HOST
Mar 08, 2006 (2:39 am)
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Replying to: badazzboat (Mar 02, 2006 3:43 pm)

Hi badazzboat. This particular discussion is for community members to discuss leasing a Chevrolet Silverado. You will have better luck finding an answer to your specific question by posting it over in the following discussion: "Chevy Silverado: Problems & Solutions". Thanks.
 
Car_man
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#7 of 65
Re: 2006 silverado 2500hd crewcab 4x4 [badazzboat] by hunter67
Mar 09, 2006 (7:35 am)
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Replying to: badazzboat (Mar 02, 2006 3:43 pm)

I have an 2003,6ltr,411 rearend hd1500. I get 12 hwy on a good day. chevy says it is normal. If so why does the listed mileage show 14 in town??
A bud has a hd2500 2002,6ltr,411 ect he gets 15-16 on the why.
Me thinks its luck of the draw on vehicle quality / performance
#8 of 65
Current Offers by jericho88
Mar 23, 2006 (1:47 pm)
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Does anyone have the current offers for a lease on the 2006 Silverado 1500 crew cab 4X4 with leather? looking for money factor, residual, lease rebates, if any. Also, would the 1500HD apply to the rates as well?
 
Thanks
#9 of 65
Re: Current Offers [jericho88] by Car_man HOST
Apr 03, 2006 (2:01 am)
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Replying to: jericho88 (Mar 23, 2006 1:47 pm)

Hi jericho88. This truck's lease program varies depending upon how long you lease for and how many miles per year you need to be allowed to drive. 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. If you were to lease a 2006 Chevrolet Silverado 1500 Crew Cab through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 5.6% and 52%, 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. When negotiating your lease on this truck, keep in mind that GM is currently providing $1,500 lease cash plus an additional $1,000 bonus for models that have been in dealer inventory since mid-November on it. Make sure to take this cash into account when negotiating your truck's capitalized cost.
 
Car_man
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#10 of 65
Chevy Silverado 1500HD 4x4 Crew Cab by huntdakota
Apr 06, 2006 (11:39 pm)
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Hi...new to this forum so I'll cut to the chase. I'm a US serviceman overseas and when I get back to the States in June/July I plan to either buy or lease a Chevy Silverado Crew Cab.
 
The issue is cost and only cost. I will have to buy a home when I get to Fort Carson and am not anxious to have a truck payment much over $300.
 
Can someone please give me the straight scoop on this lease program please? I am willing to lease for 48 months and 12-15000 miles per year sounds about right. I don't care what the residual value is because when I turn it in, I will buy. What is meant by base and residual value by the way?
 
Showing my ignorance all over the place, but before I have to listen to some dealer harangue me about this, I'd like to have the answers I need in hand before I have to confront a saleman.
 
Grateful for any advice or assistance you can offer.

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