- #36 of 65
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Re: Expected Lease amount [swish1]
by Car_man HOST
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Apr 11, 2007 (1:55 am)
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Replying to: swish1 (Apr 04, 2007 11:05 am)
Greetings swish1. In order to give you an idea of what sort of lease payment this truck will have I need you to provide me with its full MSRP, in addition to the selling price. Let me know what this number is and I'll use GM's current lease program to estimate what your lease payment should be.
Car_man
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- #37 of 65
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Re: Residual values [jstran]
by Car_man HOST
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Apr 11, 2007 (1:58 am)
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Replying to: jstran (Apr 04, 2007 1:44 pm)
Hello jstran. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Chevrolet Silverado 1500 Crew Cab 4WD with 15,000 miles per year are 7.75% and 61%, respectively. The lease rate for an otherwise identical lease with only 12,000 miles per year would be the same, but its residual value would increase to 64%. I am not aware of any resource that provides accurate information on manufacturers' actual lease programs to the general public.
Car_man
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- #38 of 65
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Re: Expected Lease amount [Car_man]
by swish1
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Apr 17, 2007 (9:05 am)
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Replying to: Car_man (Apr 11, 2007 1:55 am)
Thanks for the help Carman, here is the info:
MSRP $22,065, Selling price $17,550, 36 months, 15K/year, what would be an expected/good lease amt to pay? Also a single upfront lease payment.
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- #39 of 65
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Re: Expected Lease amount [swish1]
by Car_man HOST
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May 01, 2007 (2:33 am)
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Replying to: swish1 (Apr 17, 2007 9:05 am)
No problem, swish1. Thanks for the additional info. OK, so you're interested in leasing a new 2007 Chevrolet Silverado 1500 2WD EXT that has an MSRP of $22,065 and a selling price of $17,550 through GMAC right now for 36 months with 15,000 miles per year. According to my calculations, a lease through GMAC with the above parameters would have a zero down, pre-tax monthly payment of around $198. Something doesn't look right here. The prices that you mentioned look too low to be a redesigned Silverado. Are you interested in the "Classic" model? I don't believe that GMAC is offering leases on Silverado Classics any longer.
Car_man
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- #40 of 65
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2008 silverado crew cab
by ngunter
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Nov 27, 2007 (1:32 pm)
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I have been looking at a 2008 crew cab 2 wheel drive loaded truck for MSRP $36,660.00. I have got the dealer to go to $1000.00 below invoice. $33,300.00. Is tis a good deal or should I get more. The above prices are with no rebates applied taking the 1.9% apr
thanks
Nick
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- #41 of 65
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08 Silverado Lease Numbers
by omahawright
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Dec 04, 2007 (11:00 am)
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Hi Carman,
What are the current residuals and money factors on 08 Silveado's in the Omaha, NE area (KC region?)? I'm looking at an 08 Ext Cab with an MSRP of $31945 for 3yr/36k miles. Also, if you lease through GMAC, do you still get the incentives (currently $1000 if you buy)? I'm getting ready to talk numbers with a dealership and want an idea if whatever number they shoot me is fair or not. Thanks!!!
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- #42 of 65
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Re: 2008 silverado crew cab [ngunter]
by Car_man HOST
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Dec 20, 2007 (3:53 am)
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Replying to: ngunter (Nov 27, 2007 1:32 pm)
Hi Nick. $1,000 under dealer invoice before the deduction of any cash incentives is a very good deal on a 2008 Chevrolet Silverado. If you haven't finalized this deal yet, you're in luck. Last week GM rolled out $1,000 bonus cash that is compatible with all programs on all 2008 Silverado models. This cash should help you to get an even better price.
Car_man
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- #43 of 65
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Re: 08 Silverado Lease Numbers [omahawright]
by Car_man HOST
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Dec 20, 2007 (3:57 am)
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Replying to: omahawright (Dec 04, 2007 11:00 am)
Hi omahawright. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Chevrolet Silverado 1500 Extended Cab with 12,000 miles per year are 4.75% and 60%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $1,000 bonus cash that is currently available on it. Given this cash, the fact that GM has some additional dealer cash out there, and the fact that it's the end of the year, you should be able to negotiate a selling price that's well below dealer invoice right now.
Car_man
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- #44 of 65
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Re: 2007 Silverado lease [Car_man]
by asylum575
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Feb 15, 2008 (8:19 am)
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Replying to: Car_man (Oct 31, 2006 5:04 am)
Local dealer has a 2008 Silverado ext cab, Msrp $28500 on a 39 lease for 279 a month. $1600 due at lease inception and a buy out of $17200. How do you calculate what they are selling the truck for?
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- #45 of 65
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Re: 2007 Silverado lease [asylum575]
by Car_man HOST
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Feb 19, 2008 (2:57 am)
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Replying to: asylum575 (Feb 15, 2008 8:19 am)
Hi asylum575. One could probably back into this truck's approximate selling price, but a better way to find it out is to just ask. The dealer will tell you exactly what it is. If they won't, then don't give them your business. There is some intense competition in the full-size pickup segment right now. If I was in the market for a new Silverado, I personally would shoot for dealer invoice minus the $1,000 bonus cash that GM is providing on it right now.
Car_man
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